Advertisement

Films

  • Bruno S. FreyEmail author
Chapter
Part of the SpringerBriefs in Economics book series (BRIEFSECONOMICS)

Abstract

The success of a film is impossible to predict. A few of them are financially successful, while most of them are not. Actors are crucial to a film’s success. As in other parts of the performing arts, a few superstars are greatly admired and highly compensated in a winner-take-all market while most of the other actors earn little. Consumers have many direct substitutes on which to spend their time and money: television, home video, DVD, internet, computer games, musical performances, and popular sport events such as football. Those with lower income and fewer time constraints tend to view mass films, while high-quality movies are mostly viewed by well-educated young city-dwellers.

Keywords

Superstars Winner-take-all market Predictability Financial success Flops Substitutes Most successful films American best films Revenue European critics Actors Film festivals Movie awards 

Related Literature

Many important aspects of the movie industry are well analysed in

  1. Simonton DK (2011) Great flicks. Scientific studies of cinematic creativity and aesthetics. Oxford University Press, Oxford, New YorkCrossRefGoogle Scholar

A broad picture of the broadcasting and media industry is provided in

  1. Caves R (2005) Switching channels: organization and change in TV broadcasting. Harvard University Press, Cambridge, MA, USACrossRefGoogle Scholar
  2. Doyle G (2013) Understanding media economics. Sage, LondonGoogle Scholar
  3. Vogel HL (2010) Entertainment industry economics: a guide for financial analysis, 8th edn. Cambridge University Press, LondonCrossRefGoogle Scholar

Copyright information

© The Author(s), under exclusive license to Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.CREW - Center for Research in Economics and Well-BeingUniversity of BaselBaselSwitzerland

Personalised recommendations