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Published byWalter Benson Modified over 6 years ago
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CHAPTER 11: ENTERTAINMENT PRODUCTS AND MARKETING
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I. ENTERTAINING PRODUCTS
THE ENTERTAINMENT INDUSTRY PRODUCES BOTH TANGIBLE AND NON-TANGIBLE PRODUCTS SUCCESSFULLY
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MEDIA-BASED ENTRTMNT. GOODS INCLUDE FILMS ON DVD, MUSIC ON DVD AND CD’S, VIDEO AND ELECTRONIC GAMES, BOOKS AND MAGAZINES, TOYS, CLOTHES AND FOOD.
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MEDIA BASED SERVICES INCLUDE T. V
MEDIA BASED SERVICES INCLUDE T.V., MOVIES IN THEATERS, CONCERT AND THEATRE PERFORMANCES, RECREATION, ZOOS, MUSEUMS, AND SNACK BARS
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II. FILM MERCHANDISING THEATERS PROVIDE SERVICES AS MOVIES, PLAYS AND PRODUCTIONS ALSO SERVICES ARE PROVIDED AT THE SERVICE STAND DVDS AND VIDEO RENTALS PROVIDE 40% OF MOVIES REVENUE SOME MOVIES NEVER MAKE THEATERS
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III. MUSIC MERCHANDISING
40 BILLION YEARLY RECORD CLUBS OR RETAIL STORES WILL SELL MUSIC INDEPENDENT VENDORS GO INTO STORES AND SET UP MUSIC AND DIPLAYS-RACK JOBBERS
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IV. ELECTRONIC AND VIDEO GAMES
10 BILLION PER YEAR W/ CONSOLES CROSS-MARKETED W/ MOVIES, TV, MUSIC, SPORTS AND CARTOON CHARACTERS ADVERGAMING-DRIVES VIDEO MARKETING W/ TIE INS (JEEP)
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V. BOOKS AND MAGAZINES FICTION IS BEST ESCAPE FROM REALITY ENTERTAINMENT HARLEQUIN NOVELS HAVE OVER 700 TITLES PER YEAR AND A SPECIFIC TARGET MARKET BOOKS ARE ALSO CROSS-MARKETED WITH MOVIES (JOHN GRISHAM, HARRY POTTER)
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OVER 20,000 MAGAZINE TITLES HOWEVER ONLY 160 EARN 85% OF THE TOTAL MAG
OVER 20,000 MAGAZINE TITLES HOWEVER ONLY 160 EARN 85% OF THE TOTAL MAG. REVENUE SOME ARE EVERGREENS AND ARE WELL ESTABLISHED POTENTIAL FOR REACHING A LARGER GLOBAL MEDIA IN PRINT OWNED BY MAJOR CORP.(VIACOM)
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VI. THEME AND WATER PARKS
LOCATION BASED ENTERT. (LBE) (SIX FLAGS IS 8 HOURS FROM 98% OF U.S. POPL) THEME AND WATER PARKS PROVIDE ENTERTAINMENT BUT ALSO SELL PRODUCTS (DISNEY) GOAL OF PARKS IS TO GET PEOPLE FOR MORE THAN A DAY!
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CAPTIVE AUDIENCE MEANS IMPULSE SPENDING
USUALLY OWNED BY MAJOR ENTERTAINMENT CONGLOMERATES DISNEY WORLD/LAND IS A CROSS-MARKETERS DREAM WATER PARKS CAN BE BUILT FOR THE SAME PRICE AS 1 NEW COASTER
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VII. EDUTAINMENT RECREATION-BASED ENTERTAINMENT SERVICES LINKED TO EDUCATION MUSEUMS-EXPANSIONS IN THE EARLY 90’S ZOOS-PROVIDE JOBS AND CREATE TOURISM THEATERS-WORLDWIDE
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VIII. SPECIAL ENTERTAINMENT EVENTS
CIRCUS, STATE FAIRS, PAGENTS, AND ICE SHOWS ALL PROVIDE ENTERTAINMENT SERVICES ICE SHOWS ARE A COMBO OF SPORTS AND PERFORMANCE ENTERTAINMENT
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