DOI QR코드

DOI QR Code

Do Sales of an Extended Brand Affect Popularity of its Original?: Empirical Evidence from Motion Pictures and their Original Books

  • Kim, Sang-Hoon (Graduate School of Business, Seoul National University) ;
  • Yi, Ji-Su (College of Business Administration, Seoul National University) ;
  • Ohm, Joyo (College of Business Administration, Seoul National University)
  • Received : 2016.07.12
  • Accepted : 2016.08.04
  • Published : 2016.07.31

Abstract

Book adaptation has been considered an effective strategy in filmmaking. This paper examines the relationship between the box office sales and the performance of its original book focusing on category extension, especially investigating reciprocal spillover effect from a movie to the book. With empirical data, two-way causality between performance of the extension brand (i.e., movies) and that of the parent brand (i.e., books) was examined to test the existence of reciprocal spillover effect. In addition, a linear model was used to test the moderating roles of extension characteristics. The results revealed that the higher the movie's box office sales, the higher the original book's sales after movie's release. The authors also found moderation effects such that if the book has high level of brand awareness prior to movie's release, or if there is a movie tie-in version, or when the book is mentioned in movie trailer, or if the movie is released shortly after the book's publication, then the strength of spillover effect is superior. The current empirical investigation is meaningful considering it provides implications to both buyers and sellers of the extension rights, contributing to the literature of reciprocal spillover effects in category extension.

Keywords

Acknowledgement

The authors acknowledge the financial support provided by The Institute of Management Research at Seoul National University for this research.

References

  1. Aaker, D. A., & Keller, K. L. (1990). Consumer evaluations of brand extensions. Journal of Marketing, 54(1), 27-41.
  2. Aaker, D. (1996). Building strong brands / David A. Aaker. New York: Free Press.
  3. Aaker, D. (1990). Brand Extensions: The good, the bad, and the ugly. Sloan Management Review, 31(4), 47-56.
  4. Ahluwalia, R., & Gurhan-Canli, Z. (2000). The effects of extensions on the family brand name: An accessibility-diagnosticity perspective. Journal of Consumer Research, 27(3), 371-381.
  5. Balachander, S., & Ghose, S. (2003). Reciprocal spillover effects: A strategic benefit of brand extensions. Journal of Marketing, 67(1), 4-13.
  6. Basuroy, Suman and Subimal Chatterjee (2008), Fast and frequent: Investigating box office revenues of motion picture sequels, Journal of Business Research, 61 (July), 798-803.
  7. Choi, H., & Varian, H. (2012). Predicting the present with Google trends. Economic Record, 882-9.
  8. Hendricks, K., & Sorensen, A. (2009). Information and the skewness of music sales. Journal of Political Economy, 117(2), 324-369.
  9. Hennig-Thurau, T., Houston, M. B., & Heitjans, T. (2009). Conceptualizing and measuring the monetary value of brand extensions: The case of motion pictures. Journal of Marketing, 73(6), 167-183.
  10. John, D. R., Loken, B., & Joiner, C. (1998). The negative impact of extensions: Can flagship products be diluted?. Journal of Marketing, 62(1), 19-32.
  11. Joshi, A., & Mao, H. (2012). Adapting to succeed? Leveraging the brand equity of best sellers to succeed at the box office. Journal of the Academy of Marketing Science, 40(4), 558-571. DOI:10.1007/s11747-010-0241-2
  12. Keller, K. L., & Aaker, D. A. (1992). The effects of sequential introduction of brand extensions. Journal of Marketing Research, 29(1), 35-60.
  13. Keller, K. L. (1993). Conceptualizing, measuring, managing customer-based brand equity. Journal of Marketing, 57(1), 1-22.
  14. Knapp, A., Hennig-Thurau, T., & Mathys, J. (2014). The importance of reciprocal spillover effects for the valuation of bestseller brands: introducing and testing a contingency model. Journal of the Academy of Marketing Science, 42(2), 205-221.
  15. Lane, V., & Jacobson, R. (1997). The Reciprocal impact of brand leveraging: Feedback effects from brand extension evaluation to brand evalution. Marketing Letters, 8(3), 261-271. DOI:10.1023/A:1007904412185
  16. Lewis, A. (2012, March 28). 'Hunger Games' movie fuels sharp rise in book sales. Retrieved October 29, 2015, from http://www.hollywoodreporter.com/news/hunger-games-twlight-book-sales-versus-jennifer-lawrence-josh-hutcherson-305457.
  17. Martinez, E., Montaner, T., & Pina, J. M. (2009). Brand extension feedback: The role of advertising. Journal of Business Research, 62(3), 305-313.
  18. Masters, T. (2012, January 27). War horse film boosts book sales - BBC News. Retrieved October 28, 2015, from http://www.bbc.com/news/entertainment-arts-16750325.
  19. Park, C. W., Milberg, S., & Lawson, R. (1991). Evaluation of brand extensions: The role of product feature similarity and brand concept consistency. Journal of Consumer Research, 18(2), 185-193.
  20. Park, C. W., Jun, S. Y., & Shocker, A. D. (1996). Composite branding alliances: An investigation of extension and feedback effects. Journal of Marketing Research, 33(4), 453-466.
  21. Sood, S., & Dreze, X. (2006). Brand extensions of experiential goods: Movie sequel evaluations. Journal of Consumer Research, 33(3), 352-360.
  22. The Hobbit: The Battle of the Five Armies (2014) - Box Office Mojo. (n.d.). Retrieved October 17, 2015, from http://www.boxofficemojo. com/movies/?id=hobbit3.htm
  23. Wyer, R. S., & Srull, T. K. (1986). Human cognition in its social context. Psychological Review, 93(3), 322-359.