Tuesday 1 January 2008

Markets and movies

Frederic Sautet at The Austrian Economsits blog points out that "... some movie stars get paid way more than they should considering the income they generate with their movies." But he also points out that the market adjusts to "stars" whose movies don't make money, "[h]owever, as the profitability of an actor goes down, so does the interest of producers" and he notes that, for example, Jim Carey is not being paid up front for his latest movie, Yes Man.

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