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How much did Keanu Reeves get paid for the new Matrix movie? 

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Papers (6)Insight
Movie project financiers and exhibitors are strongly and directly influenced by star power, but news media and movie audiences are influenced less and only indirectly.
The findings shed light on the value of employing star elements in new products, the marketing of stars, and movie promotion strategies.
We also find that the conditional distribution of movie profit and the expected level of profit are related to the use of movie stars and sequels.
We find a positive relationship between the bargaining power of the movie studio’s suppliers and advertising expenditures for the movie sequel.
We show that accounting for the full choice set available every week not only increases the fit of weekly movie sales but also leads to parameter estimates that depict a richer picture of the movie industry.
In support of the model, this study finds a consistently positive relation between domestic theater box-office market shares and various measures of domestic movie spending or domestic movie attendance, and negative relations between domestic movie spending and the market shares of imported American film products.

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