Report on the Motion Picture Industry The motion picture industry is just like any other industry and to be successful it must turn a profit on the movies it creates and produces. Everyone loves movies and the motion picture industry does everything in its power to produce movies that will bring in millions of dollars in profits. The motion picture industry has created high grossing movies such as Spider-Man 3 with a total gross of $336,530,303 as well as flops such as Sea Monsters: A Prehistoric Adventure, which only brought in $23,746,066. Diving into descriptive statistics we are able to compare the 5-number summary, mean, mode, range, and standard deviation for the opening gross, total gross, theaters, and number of weeks for the …show more content…
It was also determined that the movie Spider-Man 3 brought in the largest total gross with a total take of $336,530,303. The range of total gross was determined to be $312,784,237 and the mean of the total gross came out to $85,096,526. The standard deviation of $75,282,256 is about ten million dollars than the mean value of $85,096,526. The movie Sea Monsters: A Prehistoric Adventure brought in the least amount of total gross but appeared in the least amount of theaters at 252. The movies with the highest total gross appeared in more than 4000 theaters. The mean for theaters was calculated to be 2,856 so this is the average number of theaters the movies appeared in and the mode came out to 2,529. The range was 4,110 theaters and this is the difference between the smallest amount of theaters at 252 and the largest amount of theaters at 4,362. The standard deviation was determined to be 766, which is roughly 25% of the theaters total mean of 2,856. Now turning to the total number of weeks that the movies appeared in theaters, it was determined that the movie Sea Monsters: A Prehistoric Adventure was in theaters longer than any other movie at 49 weeks. The movie, We Own the Night appeared for only 4 weeks and this was the lowest number of weeks that any movie appeared in theaters. The mean for the total number of weeks that the movies appeared in theaters was 14 with a mode of
* S is the present value of net inflows of hypothetical sequels at year 4; we attached different values to S for the various studios using an average of the present value of net inflows of hypothetical sequels of each studio in 1999 (found in Exhibit 7). S was also computed for the overall portfolio using an average of the present value of net inflows of hypothetical sequels of all studios.
The film pulled away profit from movies like BFG and Tarzan. Domestically, the movie made $485,203,581. Internationally, the movie has made $526,300,000 and worldwide $1,011,503,581. The production budget for the film was 200 Million.
All of these films were very successful that resulted in record box-office revenue. The New
According to the website www.mpaa.org, the revenue from U.S./Canada box office, in 2014, was $10.4 billion and tickets sold were 1.27 billion. Translating: we had 229.7 million people going to theatres in referred year or more than 2/3 of the U.S./Canada population comparable to 2013.
Everything essential was created and paid for by the production studio from start to finish. In order to make this happen all movies had to make a profit to ensure these production companies required movie theaters to buy a set of their movies for customers to view. After United States v. Paramount decision production studio was divided into sectors and no longer operated as monopolies. The movie industry today differs from Old Hollywood due to its many avenues of revenue. Movies, once done being shown at the movie theatre maybe shown on TV and bought on DVD. For example, according to Variety Magazine, Girls Trip brought in 137,348,394 at the worldwide box office and has now been released for DVD sale as of October 17, 2017. Another way Hollywood contrast sharply between old and the new age is the distribution method. Hollywood now sales the rights the distribute and or show the product typically done through a contract which states of the amount sold they get X amount of profits. The distributor in addition to being able to sell the product must then also provide an adequate advertisement to promote the sale of the
In 2005 there was a 60% increase in the number of households that had an HGTV, and expected to rise by another 46% in 2006, making the technology highly available to the American people. Another factor that boosted the perceived value of the film was Soderbergh himself. He is a well-known director who has directed all of the “Ocean’s Eleven” movies, “Traffic”, in addition to many other films and TV shows. While the cast of Bubble were completely unknown, ametures that were forced to work without a script, that choice allowed the film to feel “true-to-life.” Bubble was experimental in its released format, yet its’ opening weekend made just under half of the overall profit with $70,664 (US). The gross income of Bubble was charted at $145,382 (USA) as of February of 2005. These numbers, while showing some interest in the spectacle that began day-and –date releases, are still significantly lower than that top box office film of ’06. That year, the top hit was Pirates of the Caribbean: Dead Man’s Chest which grossed $423,315,812 (USA), $135,634,554 (32%) was from opening weekend alone. Comparatively Bubble made 0.03% of the amount that Dead Man’s
Picturehouse released Pan's Labyrinth grossed more than $37 Million in the US. Disney released Coco in 2017 which grossed more than $200 million in the US.
The film crashed Universal’s “Jurassic World,” who holds the record at $208.8 million. Well I guess it’s safe to say that this film has exceeded everybody’s expectations, maybe even those who were part of the movie.
The amount of money the goes in and is generated by these films is absurd. In 2015 alone we have already seen two films Furious 7 and Avengers: Age of Ultron gross above the billion dollars mark worldwide.
The movie Jaws in 1975 one of Steven Spielberg classics was a direct beneficiary of this cultural phenomenon. The movie grossed well over $100,000.00 in ticket sales and laid the foundation of the “New Hollywood’s blockbuster era.” Movies
The Passion of the Christ, by Mel Gibson has taken America by storm. In the US alone, it made $83,848,082 its first weekend. As of April 25, 2004 it has grossed worldwide over $364 billion. Not bad for a movie with a budget of $30 million.
Marvel’s The Avenger released on May 4, 2012, managed to take in approximately $640 million worldwide within the 12 days it was in theaters. This shows how popular movies based on superheroes have become. It became so popular that from 1978-2017 there has been a drastic increase in the domestic box office of superhero movies. Superheroes movies and television series have become so famous throughout that passing point of years. However, this isn’t astonishing because these movies are relatable, send a message/ a lesson to the audience watching, and very flexible.
The highest grossing film of this decade was avatar. Avatar was released December 18, 2009 bring in 2.788 billion US dollars. Avatar was made by 20 century fox and directed by James Cameron. The movie is about a disabled ex-Marine named Jake Sully that goes to an alien planet filled with foreign creatures. As an Avatar Jake sully becomes sympathetic of the Na’vi creatures and is torn between two worlds.
Movies today are typically very expensive to make and require a high production budget to cover all the high costs. Amongst those costs are expenses for marketing and distributing the movie. Although a movie may cost a great deal to make, it does not necessarily mean that the movie will turn a big profit. There are thousands of movies made every year and only a small percentage makes it to the big screen and become successful. The budget, marketing, and distribution for a blockbuster movie and an independent film differ greatly.
This films budget was between 40 to 50 million dollars and on their opening weekend to which it was only shown on 14 screens brought in 510,632 in America and has made