Wednesday, August 07, 2013

The Hollywood Economist 2.0:The Hidden Financial Reality Behind the Movies by Edward Jay Epstein

The Hollywood Economist 2.0:The Hidden Financial Reality Behind the Movies
by Edward Jay Epstein

This is a collection of articles that discuss the movie industry in the 1990s and early 2000s. The topics all have to do as the title would suggest with the economics of filmmaking. How the studios make their money and all of the creative bookkeeping that make sure they keep most of the profits. There are smaller sections on movie theaters as well as TV and at that time the beginnings of digital downloads.

I did find the information useful especially the breakdowns of contracts for different stars and positions. I had heard the old saying how Star Wars had never officially broken even but now understand how it's done. As well as the contortions that the studios will go to on paper at least lose money.

This being a collection of previously published pieces sometimes a concept will be mentioned and not exactly explained until 20 pages later in a completely different section. I would've preferred a little more work done to even out the rough edges.

Recommended.

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