Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

A Big Fat Box Office Increase
The New York Times ^ | 12/30/2002 | Rick Lyman

Posted on 12/30/2002 8:16:47 PM PST by GeneD

....Yes, "Spider-Man" led the 2002 box office, its $404 million gross nearly a third larger than the $310 million earned by second-place "Star Wars: Episode 2 — Attack of the Clones." And yes, whether the year's final tally turns out to be $9.2 billion or only $9.1 billion, it is a significant increase that comes at a time when almost all other forms of popular entertainment are suffering shrinking revenues and dwindling audiences.

But it does not mean, as some may interpret it, that movies are more central to American life than ever.

"It's a totally different world, and people have a lot of options other than movies," said Paul Dergarabedian, president of Exhibitor Relations, a Los Angeles-based company that monitors box-office results. "In a sense it's intriguing that as relatively old-fashioned a medium as movies are still one of the top entertainment choices for Americans."

In 1929, when the annual box office was $720 million, the average person in the United States (including everyone, infants and all) went to the movies 40 times a year. There were 4.9 billion tickets sold that year.

This year an estimated 1.5 billion tickets were sold, the highest since 1.8 billion in 1959. But because of population growth, the average person saw only about 5 movies this year, compared with 10 in 1959.

Even this is a little misleading, because the 2002 audience is actually made up of a small core of people — mostly under the age of 25 — who go to the movies regularly, and a smaller group that goes only once or twice in a year.

"The situation is that 20 percent of the audience represents 80 percent of the box office," said Robert Bucksbaum, president of ReelSource, a company that monitors the box office. "So you have a lot of movies that are geared towards that same audience."

Even the "Spider-Man" millions seem a tad less impressive when measured against blockbusters from years past, once the grosses are adjusted for inflation.

The $159 million that "The Sound of Music" made in 1965 becomes, in today's dollars, an eye-popping $905 million. The $260 million that "Jaws" earned after its 1975 release is suddenly $866 million.

And the $323 million that "Star Wars" made in its initial round of releases in 1977, followed by an additional $138 million for a 1997 rerelease, becomes $1.1 billion in today's dollars. Take that, web-slinger.

"The movie business is all about hype and buzz," said David Davis, an entertainment analyst for Houlihan, Lokey, Howard & Zukin, an investment banking firm. "And inflation really works to their advantage."

In the mid-1980's, when newspapers and magazines first began publishing weekend box-office figures, the studios resisted the trend. But soon, when they saw a way to use the lists to help market films, the process was gradually co-opted and controlled by the studios, which can simply ride the inflation rocket and release their movies in more and more theaters to create record after record. Producers of "My Big Fat Greek Wedding," for instance, have been promoting it as the No. 1 romantic comedy of all time, which is true, to a degree. It has made about $218 million since its release in April, beating the previous record of $178 million set by "Pretty Woman" in 1990. But adjust those 1990 dollars for inflation, and "Pretty Woman" made $244 million in today's economy.

And in terms of the actual attendance, about 37 million tickets were sold for "Greek Wedding" compared with 42 million for "Pretty Woman."....

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: movieindustry
I meant to post this earlier, but someone posted a list of this year's top 10; in the meantime, the Adobe folks gave me trouble with their software. I've also excerpted this because show-biz news is so much bull. (The fact that Lyman gives us that overused quote source Paul Dergarabedian is a dead giveaway.) Still I've put this up because in the next week we'll get the usual PR treating the new box-office "records" with a joy akin to the Second Coming. Note the number from 1929: per-capita movie attendance that year was 40. Now it's 5. What's more, the industry was up against a powerful radio business that filled at least as many hours with original entertainment as today; against the theater, which was never healthier than in the 1920s, and stayed reasonably firm till well after the war; against vaudeville, dying in those days, but still with a presence in nearly every hamlet, an entertainment form that would live on for several decades more as burlesque. I haven't mentioned ballrooms and dance halls -- or that many movie houses offered live entertainment themselves. Sorry, there were lots of choices even in that low-tech world. They appealed to every taste. And however much the news hacks will deny it, they were BETTER.

I could go on. But I do get frustrated when I hear these well-paid sycophants talking show-biz as though we're in a golden age. We're in an age of unredeemed dross.

P.S. I mention in another thread that I live in Philadelphia. In downtown we once had something like ten big movie pleasure palaces. Now we have ZERO. We don't even have a multiplex. The closest sardine plant is miles away, in South Philly, and our only movie house is an arthouse. When I feel bad for our plight, I think of what Jack Valenti and his crew churn out, and I say, who needs the movies?

1 posted on 12/30/2002 8:16:47 PM PST by GeneD
[ Post Reply | Private Reply | View Replies]

To: All
I can never revise too much. The sentence about radio should read that the business "filled at least as many hours with original entertainment as TV does today." I stand by that despite cable and its profusion of channels; I'd bet eighty percent of all today's TV offerings are reruns, and half of the rest are the modern equivalents of "live remotes." Until magnetic tape radio didn't have the luxury of repeating itself.
2 posted on 12/30/2002 8:24:43 PM PST by GeneD
[ Post Reply | Private Reply | To 1 | View Replies]

To: GeneD
Who the flip cares about this stuff?
3 posted on 12/30/2002 8:36:28 PM PST by Cobra64
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cobra64; GeneD
I would like to see the major movie companies beef up their pay-per-download website:

http://www.movielink.com/

There are so few selections thus far.
4 posted on 12/30/2002 8:38:18 PM PST by End The Hypocrisy
[ Post Reply | Private Reply | To 3 | View Replies]

To: Cobra64
My participation rate at movies has declined in recent years, because few quality movies exist anymore. Most of what is shown is crap and propaganda.
5 posted on 12/30/2002 8:55:54 PM PST by lmr
[ Post Reply | Private Reply | To 3 | View Replies]

To: lmr
The last movie I saw was "Titanic" and I thought that damn ship would never sink so I could get out of there! I refuse to support Hollywood in any way. Besides the garbage they produce, most of the actors are leftist, and I can't see adding to their wealth.
6 posted on 12/30/2002 9:21:43 PM PST by basil
[ Post Reply | Private Reply | To 5 | View Replies]

To: GeneD
The last movie I saw in a theatre for was the Wrath of Kahn, Star Trek movie. I hate movies in the Theatre, the noise, the $7.00 bucket of popcorn, the Ju-Ju bees and Good-N-Plenties stuck on the floor, the whole atmosphere. When thet put a sports ticker in the Theatre, I might go back...Naah, I'll wait for the DVD.
7 posted on 12/30/2002 10:03:12 PM PST by dirtydanusa
[ Post Reply | Private Reply | To 1 | View Replies]

To: dirtydanusa
Funny, I just saw Wrath of Khan again. Except they titled this release Star Trek: Nemesis for some reason.
8 posted on 12/31/2002 12:31:51 AM PST by Tauzero
[ Post Reply | Private Reply | To 7 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson