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Entertainment Industry Economics: A Guide for Financial Analysis ReviewMr. Vogel has created a readable and informative book. The introductory chapters are a comprehensive overview of economics, leisure time, and media, and may be worth the discounted price of the book on their own.My complaint is that the section on The Music Industry is not up to date. It is a treatise on the Recorded Music industry only, and neglects the live music concert industry.
His coverage of live popular music entertainment is literally one paragraph. The live concert industry is now one of the main revenue sources for musical artists, in addition to licensing. The concert industry generates over $10 Billion in revenues from live music performance tickets alone. Live Nation and AEG Live dominate. Madonna signed with Live Nation and not a traditional record label because this is now the focal point of the music industry. Contrary to Mr. Vogel's outdated assertion, recorded music is now often a promotional tool used to get fans to buy concert tickets. This has been the case for nearly a decade.Entertainment Industry Economics: A Guide for Financial Analysis Overview
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