Entertainment industry economics: a guide for financial analysis
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | Undetermined |
| Published: |
Cambridge [u.a.]
Cambridge Univ. Pr.
1994
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| Edition: | 3. ed. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XVIII, 446 S. graph. Darst. |
| ISBN: | 0521470706 |
Staff View
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Record in the Search Index
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|---|---|
| adam_text | Contents
Preface page xv
Part I Introduction 1
Chapter 1 Economic perspectives 3
1.1 Time concepts 3
Leisure and work 3
Recreation and entertainment 4
Time 5
Expansion of leisure time 5
1.2 Supply and demand factors 8
Productivity 8
Demand for leisure 10
Expected utility comparisons 12
Demographics and debts 13
1.3 Personal consumption expenditure relationships 16
vii
viii CONTENTS
1.4 Overview of industry segments 19
1.5 Concluding remarks 23
Selected additional reading 23
Part II Media dependent entertainment 25
Chapter 2 Movie macroeconomics 27
2.1 Flickering images 28
2.2 May the forces be with you 31
Evolutionary elements 31
Technology 31
Capital 31
Pecking orders 32
Exhibition 32
Production and distribution 33
2.3 Ups and downs 34
Admission cycles 34
Prices and elasticities 36
Production starts and capital 36
Releases and inventories 38
Market share factors 44
Exchange rate effects 44
Financial aggregates 46
2.4 Markets primary and secondary 48
2.5 Assets 52
Film libraries 52
Technology 52
Utilization rates 54
Interest and inflation rates 55
Collections and contracts 58
Library transfers 58
Real estate 58
2.6 Concluding remarks 59
Selected additional reading 60
Chapter 3 Making and marketing movies 61
3.1 Properties physical and mental 61
3.2 Financial foundations 63
Common stock offerings 63
Contents ix
Combination deals 64
Limited partnerships and tax shelters 65
Bank loans 68
3.3 Production preliminaries 68
The big picture 68
Labor unions 70
3.4 Marketing matters 71
Distributors and exhibitors 71
Sequencing 71
Distributor exhibitor contracts 72
Release strategies, bidding, and other related practices 75
Exhibition industry characteristics 76
Home video and merchandising 79
Home video 79
Merchandising 81
Marketing costs 81
3.5 Profitability synopsis 82
3.6 Concluding remarks 84
Selected additional reading 84
Chapter 4 Financial accounting in movies and television 87
4.1 Dollars and sense 87
Contract clout 87
Orchestrating the numbers 88
4.2 Corporate overview 89
Revenue recognition factors 89
Inventories 90
Amortization of inventory 91
Unamortized residuals 92
Interest expense and other costs 94
Calculation controversies 94
Merger and acquisition issues 96
4.3 Big picture accounting 97
Financial overview 97
Participation deals 101
Pickups 101
Coproduction distribution 102
Talent participations and break even 102
Producers participations and cross collateralizations 103
Home video participations 104
Distributor exhibitor computations 104
Distributor deals and expenses 106
x CONTENTS
Studio overhead and other production costs 108
Truth and consequences 109
4.4 Television programming accounting 110
Feature licensing 111
Program production and distribution 114
Development and financing processes 114
Syndication agreements 116
Costs of production 118
Costs and problems of distribution 119
Timing troubles 121
4.5 Weak links in the chain 122
Exhibitors: the beginning and the end 123
Distributor producer problems 125
4.6 Concluding remarks 126
Selected additional reading 126
Chapter 5 The music business 128
5.1 Feeling groovy 128
5.2 Size and structure 130
Economic interplay 130
The American scene 130
The global scene 135
Composing, publishing, and management 135
Royalty streams 137
Performances 137
Mechanical royalties 138
Synchronization fees 138
Copyright 138
Guilds and unions 139
Concerts and theaters 140
5.3 Making and marketing records 140
Deal maker s delight 140
Production agreements 140
Talent deals 141
Production costs 142
Marketing costs 142
Distribution and pricing 143
5.4 Financial accounting and valuation 145
Artists perspective 146
Company perspective 147
Valuation aspects 149
Contents xi
5.5 Concluding remarks 149
Selected additional reading 150
Chapter 6 Broadcasting 152
6.1 Going on the air 152
Technology and history 152
Basic operations 154
Regulation and technology 157
Organizational patterns and priorities 159
Networks and affiliates 159
Ratings and audiences 160
Inventories 162
Independent and public broadcasting stations 163
6.2 Economic characteristics 164
Macroeconomic relationships 164
Microeconomic considerations 165
6.3 Financial performance characteristics 167
Variable cost elements 167
Financial accounting practices 168
6.4 Valuing broadcast properties 171
6.5 Concluding remarks 173
Selected additional reading 174
Chapter 7 Cable 177
7.1 From faint signals 177
Pay services evolve 178
7.2 Cable industry structure 179
Operational aspects 179
Franchising 183
Revenue relationships 183
7.3 Financial characteristics 185
Capital concerns 185
Accounting conventions 189
7.4 Development directions 190
Pay per view 190
Cable s competition 191
MMDS 191
SMATV 191
DBS 191
xii CONTENTS
STV 192
Telephone companies 192
7.5 Valuing cable system properties 192
7.6 Concluding remarks 193
Selected additional reading 194
Chapter 8 Toys and games 197
8.1 Not just for kids 197
Financial flavors 198
Building blocks 199
8.2 Chips ahoy 201
Slots and pins 202
Pong: pre and apres 202
8.3 Structural statements 204
Home video games 204
Coin op 205
Profit dynamics 206
8.4 Concluding remarks 207
Selected additional reading 208
Part III Live entertainment 211
Chapter 9 Gaming and wagering 213
9.1 From ancient history 213
At first 213
Gaming in America 214
Preliminaries 214
The Nevada experience 215
Enter New Jersey 216
Horse racing 218
Lotteries 219
Indian reservations, riverboats, and other wagering 219
9.2 Money talks 222
Macroeconomic matters 223
Funding functions 224
Regulation 226
Financial performance and valuation 227
Contents xiii
9.3 Underlying profit principles and terminology 228
Principles 229
Terminology and performance standards 230
9.4 Casino management and accounting policies 234
Marketing matters 234
Cash and credit 234
Procedural paradigms 236
9.5 Gambling and economics 238
9.6 Concluding remarks 240
Selected additional reading 240
Chapter 10 Sports 243
10.1 Spice is nice 243
Early innings 243
The broadcast and cable connection 244
The wagering connection 246
10.2 Operating characteristics 247
Revenue sources and divisions 247
Labor issues 247
10.3 Tax accounting and valuation 249
Tax issues 249
Historical development 250
Current treatments 252
Asset valuation factors 252
10.4 Sports economics 252
10.5 Concluding remarks 253
Selected additional reading 253
Chapter 11 Performing arts and culture 257
11.1 Audiences and offerings 257
Commercial theater 258
On and off Broadway 258
Circus 261
Orchestras 262
Opera 262
Dance 262
11.2 Funding sources and the economic dilemma 263
xiv CONTENTS
11.3 The play s the thing 266
Production financing and participations 266
Operational characteristics 268
11.4 Economist echoes 270
Elasticities 270
Price discrimination 270
Externalities 270
11.5 Concluding remarks 271
Selected additional reading 271
/ Chapter 12 Amusement/theme parks 274
12.1 Flower power 274
Gardens and groves 274
Modern times 275
12.2 Financial operating characteristics 276
12.3 Economic sensitivities 280
12.4 Valuing theme park properties 280
12.5 Concluding remarks 282
Selected additional reading 282
Part IV Roundup 283
Chapter 13 Epilogue 285
13.1 Common elements 285
13.2 Guidelines for evaluating entertainment securities 288
13.3 Final remarks 290
Notes 291
Appendix A: Sources of information 349
Appendix B: Major games of chance 351
Appendix C: Supplementary data 373
Glossary 400
References 423
Index 434
|
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| language | Undetermined |
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| spelling | Vogel, Harold L. Verfasser aut Entertainment industry economics a guide for financial analysis Harold L. Vogel 3. ed. Cambridge [u.a.] Cambridge Univ. Pr. 1994 XVIII, 446 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Finanzierung (DE-588)4017182-6 gnd rswk-swf Unterhaltungsindustrie (DE-588)4186999-0 gnd rswk-swf Business economics (DE-588)4507951-1 gnd rswk-swf Management (DE-588)4037278-9 gnd rswk-swf Medienwirtschaft (DE-588)4129410-5 gnd rswk-swf Unterhaltungsindustrie (DE-588)4186999-0 s Medienwirtschaft (DE-588)4129410-5 s Business economics (DE-588)4507951-1 s 1\p DE-604 Finanzierung (DE-588)4017182-6 s 2\p DE-604 Management (DE-588)4037278-9 s 3\p DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006963680&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 3\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Vogel, Harold L. Entertainment industry economics a guide for financial analysis Finanzierung (DE-588)4017182-6 gnd Unterhaltungsindustrie (DE-588)4186999-0 gnd Business economics (DE-588)4507951-1 gnd Management (DE-588)4037278-9 gnd Medienwirtschaft (DE-588)4129410-5 gnd |
| subject_GND | (DE-588)4017182-6 (DE-588)4186999-0 (DE-588)4507951-1 (DE-588)4037278-9 (DE-588)4129410-5 |
| title | Entertainment industry economics a guide for financial analysis |
| title_auth | Entertainment industry economics a guide for financial analysis |
| title_exact_search | Entertainment industry economics a guide for financial analysis |
| title_full | Entertainment industry economics a guide for financial analysis Harold L. Vogel |
| title_fullStr | Entertainment industry economics a guide for financial analysis Harold L. Vogel |
| title_full_unstemmed | Entertainment industry economics a guide for financial analysis Harold L. Vogel |
| title_short | Entertainment industry economics |
| title_sort | entertainment industry economics a guide for financial analysis |
| title_sub | a guide for financial analysis |
| topic | Finanzierung (DE-588)4017182-6 gnd Unterhaltungsindustrie (DE-588)4186999-0 gnd Business economics (DE-588)4507951-1 gnd Management (DE-588)4037278-9 gnd Medienwirtschaft (DE-588)4129410-5 gnd |
| topic_facet | Finanzierung Unterhaltungsindustrie Business economics Management Medienwirtschaft |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006963680&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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