A fully revised edition of the popular guide to Hollywood finances, updated to reflect even newer films and trends
In a Freakonomics-meets-Hollywood saga, veteran investigative reporter Edward Jay Epstein goes undercover to explore Hollywood’s “invisible money machine,” probing the dazzlingly complicated finances behind the hits and flops, while he answers a surprisingly difficult question: How do the studiosmake their money?
We also learn:
+ How and why the studios harvest silver from old film prints ...
+ Why stars do—or don’t do—their own stunts ...
+ The future of Netflix: Why the “next big thing” now seems in such deep trouble...
+ What it costs to insure Nicole Kidman’s right knee…
+ How Hollywood manipulates Wall Street: including the story of the acquisition of MGM… wherein a consortium of banks and hedge funds lost some $5 billion… while Hollywood made millions.
+ Why Arnold Schwarzenegger is considered a contract genius…
+ The fate of serious fare: How HBO, AMC, and Showtime have found ways to make money offer adult drama, while the Hollywood studios prefer to cater to teen audiences.
+ Why Lara Croft: Tomb Raider is considered a “masterpiece” of financing ...
About the Author
Edward Jay Epstein is the author of 15 books, eight of which have been excerpted in the New Yorker, Atlantic, and Sunday Times of London. He received his PhD from Harvard after receiving his master's degree in government from Cornell. His master's thesis on the search for political truth became the best-selling book Inquest: The Warren Commission and the Establishment of Truth.. His doctoral dissertation on television news was published as News From Nowhere. He is the recipient of numerous foundation grants and awards, including the prestigious Financial Times/ Booz Allen prize for both best biography and best business book for Dossier: The Secret History of Armand Hammer.
Praise for The Hollywood Economist
"The answer to [the] mysteries of modern-day film financing can be found in The Hollywood Economist, Edward Jay Epstein's latest foray into the seamy underbelly of Hollywood spreadsheets."
—The Wall Street Journal
"[A] terrific job.... There's fun to be had in knowing specifics, and Epstein offers plenty."
Praise for Edward Jay Epstein's The Big Picture
"A rich adventure that will change the way you look at movies."
"Edward Jay Epstein is here to tell us that when it comes to Hollywood these days, we've got it all wrong."
—The Washington Post Book World
"One of the virtues of The Big Picture is Mr. Epstein's astonishing access to numbers that movie studios go to great lengths to keep secret....A groundbreaking work that explains the inner workings of the game."
—The Wall Street Journal
"Hollywood has needed one of these for a long time--a user's manuel. This one could not be more complete....[Grade] A."
“In his adroit charting of the confidence flow between the various entities and eras Mr. Epstein kicks up a lot of little surprises. . . Edward Jay Epstein is quite good.”
—Larry McMurtry, The New York Review of Books
“. . . [A] valuable education for those seeking to enter and under- stand the entertainment industry. . . . Factually impressive.”
—Joel Hirschhorn, Variety