Posted on 03/14/2017 12:59:06 PM PDT by drewh
Hollywood studios could be in for another year of “big-budget bombs” and increased volatility around mid-budget releases, film industry analyst Doug Creutz warned in a report this week.
As he has been warning for years, the Cowen and Co. media analyst said that film studios’ increasing reliance on tentpoles and superhero movies will contribute to a decline in per-picture box office grosses in 2017, making what once seemed like sure-fire bets on big-budget flicks a decidedly risky enterprise.
According to Deadline, Creutz says the film industry in 2017 will be “at least as difficult” as it was in 2016, when operating profits at the major studios fell 14.6 percent, even as total box office receipts inched up 2.2 percent over 2015 numbers.
That increase was due largely to inflation and the increasing cost of movie tickets, the analyst warned. And Disney — with its stable of established franchise properties like Star Wars and Marvel films — reportedly captured the lion’s share of the haul with a staggering 60.5 percent of the industry’s $4.18 billion in total operating profits.
Creutz noted that nearly three-dozen upcoming releases from major studios this year boast budgets north of $100 million, and predicted Fox and Paramount could struggle the most with offerings like War for the Planet of the Apes and Transformers: The Last Knight, respectively. He added that Disney would likely continue its dominance with a new Star Wars film and the Guardians of the Galaxy sequel, while Warner Bros. could see success with Wonder Woman, Justice League and Christopher Nolan’s World War II epic Dunkirk.
The Cowen and Co. analyst has expressed skepticism for years about the major studios’ shift toward pursuing similar release strategies, or what he described as putting “more and more eggs in the franchise picture basket.”
(Excerpt) Read more at breitbart.com ...
If a historical event happened and there is absolutely no racial angle to it then did it really happen?
I admit, being a graphic novel fan, I love all the Xmen, Avengers movies.
This same article has been written for 20 years. It just gets reworded. Hollywood had a record box office in 2016, so I’m sure the studios are hoping 2017 is just like 2016.
Was possible when I got my degree, but that was decades ago, they may have revised the study of history downward since then.
There’s another site that has a better system.
the mouse house has to pay off all of ESPN’s losses! they basically ruined all the sportcenters, except for the red eye hours...next up we will have to pay for extra baseball stats
It really isn't fair to compare two different eras. In the 30s, 40s and 50s, there was really no competition for movies other than radio. Today, there are hundreds of ways to spend your entertainment dollar, so yes, less people are going to the movie theaters, but with ticket prices increasing, revenue is at a record high. With an actual IMAX screen or IMAX experience costing up to $20 a ticket, millions are willing to pay.
In addition, many more movies are doing well overseas and with ancillary revenue, movies do fine.
They'll keep cranking out Star Wars movies as long as they keep making money.
Yeah, forgot about the fiscal black hole over at ESPN. But then again the parks are doing well, so it’s still a wash. I don’t think this is true, BTW but the board might.
CC
Yes, but it still has to be adjusted for inflation, and nothing comes close to Gone with the Wind. Which is even a better result considering there was half as many people, and most people had far less discretionary spending available.
Ditto. The trailer has been out for several months on YouTube (and other platforms) and looks impressive. As long as they don’t wander off into some PC subplot (like a gay Spitfire pilot), the film should be quite good.
Disney is too strong of a studio and the Beauty story is universally known which makes for full theaters. And Disney makes that money with low priced tickets for all the kids that rush to the movie theater. I doubt most people know of "the kiss".
If you want to follow its box office story this weekend, Deadline.com has updates Fri morning and through the weekend detailing the box office draw of all movies, but they place an emphasis on the new ones.
I’m just waiting for Guardians of the Galaxy II.
A big budget movie that is likely to set box office records.
EVERBODY wants to see that movie.
Hollywood had record revenue last year, period.
Hollywood will NEVER have the number of people buy tickets today who bought them 50 years ago. It's a different world. Hollywood has moved on and so should you.
Disney will lose at least a few million dollars for their decision to include homosexual characters in this children’s movie.
But if it still makes a profit, Disney will chalk it up to the cost of doing business.
If enough of those who identify as Christian, conservative, or pro-family stay home from the theaters and don’t watch Beauty and the Beast, it will cost Disney tens of millions.
We need to recognize that our discretionary spending choices are a vote just as much as the elections.
Yup. Guardians is going to be awesome.
This whole article is a joke though. The last transformers movie budget was 210 million. The box office was 1.104 Billion. Was it a great movie? Doesn’t matter.
China means more and more to the success of these films.
“Where did all the romantic comedies go?” he asked.
Apparently they’ve been replaced by Hollywood’s attempt to mainstream porn with films like 50 Shades of Grey, and its sequels.
Come on man, think outside the box. Superman and Batman as homo lovers. Some studio ought to make that as the first $Half Billion budget film. And see how that works out for them.
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