"Because people are inherently social," the Harvard business professor
Anita Elberse points out, "they generally find value in reading the same
books and watching the same television shows and movies that others
do." What's more, and equally understandably: "People have a taste for
winners: if, say, a book is popular and has been widely discussed in the
media, consumers have more reason to read it." [from Guardian review]
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Scroll down for sample quotes and review snippets, such as Bloomberg's fairly critical view |
I'd recommend at the very least sampling this, a book
that basically argues that the tentpole strategy (or blockbuster as she
terms it) is vital for any and all modern media/entertainment giants.
Her examples take in music, film and other media, but also widen out to
incorporate 'entertainment' industries such as football, looking at the
examples of Barcelona and Real Madrid, and the latter's 'galacticos'
strategy.
She very convincingly picks out examples of
major conglomerates that have tried more austere, penny-pinching
approaches ... and shows, with forensic financial detail, how disastrous
this invariably proved.
Interesting that she's not
simply referring to production, but also as much about distribution, and
the marketing muscle and capacity to make very widely available and
prominently placed a given release, Lady Gaga being one such example she
dissects.
You can preview some samples by using
Amazon's
'look inside' feature, or GoogleBooks (add keywords related to cinema,
music or whichever industry you're most interested in to get the most
relevant sections), and its for sale as a Kindle book too.
Here's a few snippets from various articles/reviews:
"Because people are inherently social," the Harvard business professor
Anita Elberse points out, "they generally find value in reading the same
books and watching the same television shows and movies that others
do." What's more, and equally understandably: "People have a taste for
winners: if, say, a book is popular and has been widely discussed in the
media, consumers have more reason to read it." [Guardian review]