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Movie Stars and the Distribution of Financially Successful Films in the Motion Picture Industry

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Author Info
Steven Albert
Abstract

Audiences choose to see films using information from previous films. A stochastic consumer choice process based on this assumption generates a particular distribution of financially successful films among film types. Movie stars can be used to mark these successful film types. Thus, their star power originates not only from “box-office appeal” but also from “marking power”. Evidence of 960 top 20 films released in the United States and Canada between 1940–1955 and 1960–1995 is consistent with this model. Copyright Kluwer Academic Publishers 1998

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File URL: http://hdl.handle.net/10.1023/A:1007511817441
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Publisher Info
Article provided by Springer in its journal Journal of Cultural Economics.

Volume (Year): 22 (1998)
Issue (Month): 4 (December)
Pages: 249-270
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:kap:jculte:v:22:y:1998:i:4:p:249-270

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Web page: http://www.springerlink.com/link.asp?id=100284

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Related research
Keywords: Hollywood; film; consumer choice; movie stars; star-power;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. De Vany, Arthur & Walls, W David, 1996. "Bose-Einstein Dynamics and Adaptive Contracting in the Motion Picture Industry," Economic Journal, Royal Economic Society, vol. 106(439), pages 1493-1514, November. [Downloadable!] (restricted)
  2. Storper, Michael, 1989. "The Transition to Flexible Specialisation in the U.S. Film Industry: External Economies, the Division of Labour, and the Crossing of Industrial Divides," Cambridge Journal of Economics, Oxford University Press, vol. 13(2), pages 273-305, June.
  3. Chung, Kee H & Cox, Raymond A K, 1994. "A Stochastic Model of Superstardom: An Application of the Yule Distribution," The Review of Economics and Statistics, MIT Press, vol. 76(4), pages 771-75, November. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Jay Pil Choi & Doh-Shin Jeon, 2007. "A Leverage Theory of Reputation Building with Co-branding: Complementarity in Reputation Building," Economics Working Papers 1019, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
  2. John Sedgwick & Michael Pokorny, 1999. "Movie Stars and the Distribution of Financially Successful Films in the Motion Picture Industry," Journal of Cultural Economics, Springer, vol. 23(4), pages 319-323, November. [Downloadable!] (restricted)
  3. Morris Holbrook & Michela Addis, 2008. "Art versus commerce in the movie industry: a Two-Path Model of Motion-Picture Success," Journal of Cultural Economics, Springer, vol. 32(2), pages 87-107, June. [Downloadable!] (restricted)
  4. W David Walls, 2004. "Modeling movie success when "nobody knows anything": Conditional stable distribution analysis of film returns," Econometric Society 2004 Far Eastern Meetings 409, Econometric Society. [Downloadable!]
    Other versions:
  5. Michael Pokorny & John Sedgwick, 2001. "Stardom and the Profitability of Film Making: Warner Bros. in the 1930s," Journal of Cultural Economics, Springer, vol. 25(3), pages 157-184, August. [Downloadable!] (restricted)
  6. Ralf Dewenter & Michael Westermann, 2005. "Cinema Demand In Germany," Journal of Cultural Economics, Springer, vol. 29(3), pages 213-231, August. [Downloadable!] (restricted)
  7. Egon Franck & Stephan Nüesch, 2006. "Explaining the Star Shift in the Media– Why “Manufactured” Celebrities are More Lucrative than “Self-Made” Superstars," Working Papers 0057, University of Zurich, Institute for Strategy and Business Economics (ISU). [Downloadable!]
  8. Christian Jansen, 2005. "The Performance of German Motion Pictures, Profits and Subsidies: Some Empirical Evidence," Journal of Cultural Economics, Springer, vol. 29(3), pages 191-212, August. [Downloadable!] (restricted)
  9. Gerda Gemser & Martine Oostrum & Mark Leenders, 2007. "The impact of film reviews on the box office performance of art house versus mainstream motion pictures," Journal of Cultural Economics, Springer, vol. 31(1), pages 43-63, March. [Downloadable!] (restricted)
  10. W. D. Walls, 2008. "Screen Wars, Star Wars, and Sequels: Nonparametric Reanalysis of Movie Profitability," Working Papers 2008-28, Department of Economics, University of Calgary, revised 24 Jan 2008. [Downloadable!]
  11. Arthur De Vany & W. Walls, 1999. "Uncertainty in the Movie Industry: Does Star Power Reduce the Terror of the Box Office?," Journal of Cultural Economics, Springer, vol. 23(4), pages 285-318, November. [Downloadable!] (restricted)
  12. Darlene Chisholm, 2004. "Two-Part Share Contracts, Risk, and the Life Cycle of Stars: Some Empirical Results from Motion Picture Contracts," Journal of Cultural Economics, Springer, vol. 28(1), pages 37-56, February. [Downloadable!] (restricted)
  13. Christian Jansen, 2003. "The Performance of German Motion Pictures, Profits, and," Industrial Organization 0302002, EconWPA. [Downloadable!]
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