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Entertainment Industry Economics: A Guide for Financial Analysis Hardcover – 23 Apr 2007

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Book Description

This seventh edition has been further revised and broadened and differs from its predecessors by restructuring and repositioning the Internet chapter, including new material on the economics of networks and advertising, adding a new section on policy implications, and expanding the section on recent theoretical work pertaining to box-office behaviour.

About the Author

Harold L. Vogel is the author of Travel Industry Economics: A Guide for Financial Analysis (Cambridge University Press, 2001), a companion volume to this textbook. He was senior entertainment industry analyst at Merrill Lynch & Co. for 17 years and was ranked as top entertainment industry analyst for a record 10 years by Institutional Investor magazine. A chartered financial analyst, he formerly served on the New York State Governor's Motion Picture and Television Advisory Board and as adjunct professor of media economics at Columbia University's Graduate School of Business. Mr Vogel frequently writes and speaks on investment topics related to entertainment and media, leisure, and travel and currently heads an independent investment firm in New York City.

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Most Helpful Customer Reviews on (beta) HASH(0x9054d24c) out of 5 stars 6 reviews
5 of 5 people found the following review helpful
HASH(0x8f9bc120) out of 5 stars No coverage of the live popular music concert industry 24 Jan. 2008
By K. J. Lopez - Published on
Format: Hardcover Verified Purchase
Mr. Vogel has created a readable and informative book. The introductory chapters are a comprehensive overview of economics, leisure time, and media, and may be worth the discounted price of the book on their own.

My complaint is that the section on The Music Industry is not up to date. It is a treatise on the Recorded Music industry only, and neglects the live music concert industry.

His coverage of live popular music entertainment is literally one paragraph. The live concert industry is now one of the main revenue sources for musical artists, in addition to licensing. The concert industry generates over $10 Billion in revenues from live music performance tickets alone. Live Nation and AEG Live dominate. Madonna signed with Live Nation and not a traditional record label because this is now the focal point of the music industry. Contrary to Mr. Vogel's outdated assertion, recorded music is now often a promotional tool used to get fans to buy concert tickets. This has been the case for nearly a decade.
4 of 4 people found the following review helpful
HASH(0x8f71dbb8) out of 5 stars Excellent reference for understanding media business models 19 May 2008
By robert bleidt - streaming media executive - Published on
Format: Hardcover
This book provides a thorough explanation of the business models of most of the media and entertainment industries - music, radio, TV, even casinos and theme parks. There is both a historical perspective and a presentation of the current state. Most of this information is not available in print or on the net elsewhere.

For example, there's a flowchart that explains royalties in the music industry that explained in one glance what would normally require personal discussions with five or ten people to uncover.

There is also information on valuation models and accounting treatments of the industries studied.

Some reviewers called this book dry - but I think the writing is compact, objective, and informative. Also, there are extensive footnotes and references to other sources.

Academic rigor, an analyst's objectivity and practicality, and an underlying enthusiasm for the subject - excellent.
HASH(0x908f30fc) out of 5 stars It is ok but I didn't find anything extraordinary. 28 Oct. 2013
By Marcel Mehrdad ASHOFTEH - Published on
Format: Hardcover Verified Purchase
I was hoping to get some extraordinary information to say: " WOW! I am glad that I have that book". But I can not say that. I wish there was some real examples or stories of real cases and the reason for their success or failure. I didn't get real analysis.
HASH(0x8f821828) out of 5 stars The Hollywood Finance 30 Nov. 2012
By rafaelaiki - Published on
Format: Hardcover Verified Purchase
A must read to better understand the financial facet in the movie industry. I highly recommend this book to actors, writers and inspired movie makers.
HASH(0x8f7d199c) out of 5 stars Five Stars 19 Aug. 2014
By pc - Published on
Format: Hardcover
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