ABSTRACT
The dean of entertainment analysts, Hal Vogel of Vogel Capital Management, clarifies the area of financial analysis, including variables that impact the profitability performance of entertainment companies; stock value; personal consumption expenditures (PCEs); long-term growth strategies; retention of creative talent; accounting for income and costs; Financial Accounting Standards Board (FASB) Statement of Position (SOP) 00-2; FASB No. 53; accounting for profit participants; the movie business as just part of vast entertainment holdings; stock prices. The chapter ends with a unique full-page graphic of the inter-connections among entertainment companies, including Internet/telecom, pay cable channels, studio distributors, broadcasters, ad-supported cable networks, cable MSO networks, retailing and sports.
