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Abstract The movie market in Australia, as in most countries, is highly dominated by Hollywood movies.
A set of simultaneous equations was estimated using a sample of 2,948 movies introduced in the U. S. market between 1997 and 2004.
Next, a three-stage least-square procedure is employed to estimate these two systems using a sample of 141 movies in the U. S. market.
Fifty nonanimated movies set in the present day were included in the study.
This allows the extension to matrix polynomials of a new companion matrix construction.
The promising results obtained from three Hollywood movies demonstrate the effectiveness of our proposed approach.