Entertainment Industry Economics: A Guide for Financial Analysis

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Cambridge University Press, Apr 23, 2001 - Business & Economics - 577 pages
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The entertainment industry is one of the largest sectors of the United States economy and fast becoming one of the most prominent globally as well. In this newly revised book, Harold L. Vogel examines the business economics of the major entertainment enterprises: movies, television and cable programming, music, broadcasting, casino wagering and gambling, sports, publishing, performing arts, theme parks, and toys. This edition incorporates a full chapter on the Internet, covering the web's operational features, revenue sources, and the net's role as an agent of change. Other expanded features include sections on industrial structure, asset valuation methods, and comparative price trends. The result is a comprehensive, up-to-date reference guide on the economics, financing, production, and marketing of entertainment in the US and overseas. Investors, business executives, accountants, lawyers, arts administrators, and general readers will find that the book offers an invaluable guide to how entertainment industries operate.
 

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Contents

Economic perspectives
3
L2 Supply and demand factors
9
L5 Industry structures and segments
23
Selected additional reading
31
Selected additional reading
70
Financial accounting in movies and television
103
Selected additional reading
146
Selected additional reading
171
1L2 Money talks
279
1L4 Casino management and accounting policies
289
1L6 Concluding remarks
295
Selected additional reading
313
Selected additional reading
334
Epilogue
351
Roulette
365
Sports book
379

Selected additional reading
197
Selected additional reading
221
Publishing
236
Toys and games
251
Selected additional reading
263
Glossary
411
References
435
Notes
451
Index
525
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About the author (2001)

Harold L. Vogel was senior entertainment industry analyst at Merrill Lynch and Co., Inc. for seventeen years and was ranked the top entertainment industry analyst for ten consecutive years by Institutional Investor magazine. A PhD in financial economics and a chartered financial analyst (CFA), Mr Vogel frequently writes and speaks on investment topics related to entertainment and media, leisure and travel, and extreme market events. He heads an independent investment and consulting firm in New York City and is the author of Financial Market Bubbles and Crashes (Cambridge University Press, 2010) and Travel Industry Economics: A Guide for Financial Analysis, 2nd edition (Cambridge University Press, 2012) a companion to this volume.