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Entertainment Science
by Thorsten Hennig-Thurau, Mark B. Houston · Business
New(0 reviews)
879 pages
2019
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About this book
The entertainment industry has long been dominated by legendary screenwriter William Goldman’s “Nobody-Knows-Anything” mantra, which argues that success is the result of managerial intuition and...
Key Insights
- The 'Nobody Knows Anything' paradigm is challenged by rigorous data-driven models that can predict commercial success with surprising accuracy.
- Entertainment products are 'experience goods' where value is subjective, requiring specialized marketing strategies to mitigate consumer risk.
- Success in the digital age relies on understanding the synergy between content quality, brand power, and social network effects.
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