The motion picture industry has provided a fruitful research domain for scholars in marketing
and other disciplines. The industry has high economic importance and is appealing to …

The film industry provides a myriad of interesting problems for economic contemplation.
From the initial concept of an idea through production, distribution and finally exhibition …

This book explores the organization of creative industries, including the visual and
performing arts, movies, theater, sound recordings, and book publishing. In each, artistic …

The standard neoclassical model of economics is incapable of explaining why one form of
organization arises over another. It is a model where transaction costs are implicitly …

This article presents two alternative explanations for the role of stars in motion pictures.
Either informed insiders signal project quality by hiring an expensive star, or stars capture …

Everyone knows that the movie business is risky. But how risky is it? Do strategies exist that
reduce risk? We investigate these questions using a sample of over 2000 motion pictures …

Just how risky is the movie industry? Is screenwriter William Goldman's claim that" nobody
knows anything" really true? Can a star and a big opening change a movie's risks and …

abstract Contract structures used in the arts and entertainment industries are central to
understanding their economic organization. The structures spring from common bedrock …

Is the involvement of stars critical to the success of motion pictures? Film studios, which
regularly pay multimillion-dollar fees to stars, seem to be driven by that belief. This article …

Empirical work on contracts typically regresses contract choice on observed principal and
agent characteristics. If (i) some of these characteristics are unobserved or partially …