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Chapter 12 S & E

Entertainment Marketing-Product and Pricing Decisions

AB
How prices can be setcovering costs, return on investment, profit goals, beating competition
$2.5 MillionCost of an expensive but worthwhile commercial on the Superbowl
Entertainment businessField that is very difficult to make a profit in
SequelTakes advantage of the first film but may or may not be planned from the beginning
Sources of revenue in film industrybox office tickets, concessions, foreign films, etc.
Brandmarkslogos or pictures that represent a brand
Trademarklegal protection of a brand or anything associated with it
Brands historythese have been around since almost the beginning of time
ArchivesFilm vaults that contain property that's part of a brand
Touring bandsThese musicians try to eran enough $ to make up for concerts that lose money
Branding and packagingamong the most important of the marketing mix today
net profitWhat's left after paying for expenses
Gate salesAKA Ticket sales
BrandingThe name, symbol, or device that a company uses to identify itself/products
FranchiseSeries of films, programs, or character portrayal planned to expand the original series
the "House"AKA the theater
revenuetoatl income
brand extensiondevelopment and introduction of new products to expand established ones
JunketsPublicity trips to major citiesTours
CrossoverWhen an artists uses its appeal to reach new target markets
Brand identityConsistent feeling that consumers recognize when encountering a brand
MGM's raoring lionSoundmark
Gross profitRevenue - cost of goods sold
Tri-Stars winged horsemotionmark
Profit marginDifference between expenses and retail price
Reachthe number of people exposed to an ad
FrequencyHow many times people are exposed to an ad


Marketing Education/DECA
Terre Haute South High School
IN

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