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Superstars and heavy tails in recorded entertainment: empirical analysis of the market for DVDs

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  • W. Walls

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Abstract

This research presents a systematic empirical analysis of the market for digital versatile discs (DVDs). We examine a sample of 953 DVD titles that appeared on the weekly top-30 sales charts in North America over a 30-month interval. We find that the size distribution of weekly DVD sales revenue does not indicate the presence of increasing returns to information. The empirical results for DVD sales contrast starkly with previous results obtained for motion-picture box-office revenue, where a number of researchers have found evidence of positive feedback in demand. While the distribution of cumulative revenues across DVDs is highly unequal, the DVD market appears not to be characterized by the extreme heavy upper tail that so well describes the winner-take-all nature of the distribution of box-office success across motion pictures.
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  • W. Walls, 2010. "Superstars and heavy tails in recorded entertainment: empirical analysis of the market for DVDs," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 34(4), pages 261-279, November.
  • Handle: RePEc:kap:jculte:v:34:y:2010:i:4:p:261-279
    DOI: 10.1007/s10824-010-9125-z
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    Cited by:

    1. Jordi McKenzie, 2010. "How do theatrical box office revenues affect DVD retail sales? Australian empirical evidence," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 34(3), pages 159-179, August.
    2. Trilce Navarrete & Karol J. Borowiecki, 2015. "Change in access after digitization: Ethnographic collections in Wikipedia," ACEI Working Paper Series AWP-10-2015, Association for Cultural Economics International, revised Oct 2015.
    3. Popović, Milenko & Ratković, Kruna, 2013. "Oversupply of Labor and Other Peculiarities of Arts Labor Market," EconStor Preprints 83025, ZBW - German National Library of Economics.
    4. Staffan Albinsson, 2013. "Swings and roundabouts: Swedish music copyrights 1980–2009," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 37(2), pages 175-184, May.
    5. Aloys Prinz & Jan Piening & Thomas Ehrmann, 2015. "The success of art galleries: a dynamic model with competition and information effects," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 39(2), pages 153-176, May.

    More about this item

    Keywords

    DVD sales; Winner-take-all; Heavy tails; L82;

    JEL classification:

    • L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media

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