Each year Americans spend at least 100 billion hours and aver $100 billion on legal forms of entertainment. In his newly revised book, Harold Vogel, the senior entertainment industry analyst at Merrill Lynch & Co., examines the business economics of the major entertainment enterprises: movies and television programming, music, broadcasting, cable television, casino gambling and wagering, sports, performing arts, theme parks, and toys.

The third edition integrates international dimensions of the broadcasting, cable, film, and music industries in particular. The result is a comprehensive, up-to-date reference guide to the economics, financing, production, and marketing of entertainment-related goods and services in the United States and overseas.

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The book brings together valuable data from a wide variety of sources to provide a detailed analysis of changes over time of each of the industry segments discussed. After a general introduction to the economic factors affecting leisure and entertainment, the book considers each major segment separately, providing a brief historical overview and a systematic discussion of the production, distribution, and financial accounting procedures.

Periodic examples illustrate the actual methods used by the businesses. The book's usefulness as a reference is further enhanced by the expanded glossary and appendices of this revised third edition.

1. Investors, executives, lawyers, arts administrators, accountants, MBAs, journalists, and general readers will find that Entertainment Industry Economics provides a strong foundation for understanding how the various entertainment industries operate, and how entertainment relates to the economy as a whole. The book is unique in taking a fully integrated approach to the business of entertainment.