Uncertainty in the Movie Industry: Does Star Power Reduce the Terror of the Box Office?

@article{Vany1999UncertaintyIT,
  title={Uncertainty in the Movie Industry: Does Star Power Reduce the Terror of the Box Office?},
  author={A. D. De Vany and W. Walls},
  journal={Journal of Cultural Economics},
  year={1999},
  volume={23},
  pages={285-318}
}
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. We discover that box-office revenues are asymptotically Pareto-distributed and have infinite variance. The mean is dominated by rare blockbuster movies that are located in the far right tail. There is no typical movie because box-office revenue outcomes do not converge to an average: revenues diverge over all… Expand
The Power of Stars: Do Star Actors Drive the Success of Movies?
Do movie contents influence box-office revenues?
Predicting box office with and without markets: Do internet users know anything?
  • J. McKenzie
  • Business, Computer Science
  • Inf. Econ. Policy
  • 2013
...
1
2
3
4
5
...

References

SHOWING 1-10 OF 42 REFERENCES
Information, Blockbusters and Stars? A Study of the Film Industry
The Economics of Superstars
THE MARKET FOR MOTION PICTURES: RANK, REVENUE, AND SURVIVAL
Bose-Einstein Dynamics and Adaptive Contracting in the Motion Picture Industry
Product survival at the cinema: evidence from Hong Kong
Increasing returns to information: evidence from the Hong Kong movie market
Auctions with Constrained Information: Blind Bidding for Motion Pictures
The Variation of Certain Speculative Prices
Complexity in the Movies
...
1
2
3
4
5
...