Description - Hollywood Economist by Edward Jay Epstein
Hollywood meets Freakonomics
In The Hollywood Economist, veteran investigative reporter Edward Jay Epstein goes undercover to find the answer to a puzzling question- Why is it that even the biggest grossing new movies, raking in millions at the box office, rarely break even during their theatrical release? How does Hollywood make money?Epstein penetrates the dazzlingly complicated economics of Hollywood to uncover what he calls the studio's "invisible money machine"-the bizarre financial schemes behind the hits and the flops-Studios harvesting silver from the old film printsIncredibly complicated auctions to sell foreign rightsThe manipulation of outside investorsFilming in bizarre locations to get subsidies and avoid taxesAlong the way to understanding this dizzying world of finance, we also learn much about the star system and what makes Hollywood tick. Why is Arnold Schwarzenegger a contract genius? How much does it cost to insure Nicole Kidman's knee? Why is Laura Croft- Tomb Raider considered a masterpiece of studio financing? What really gets a movie made?
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