In Technorati Media’s “State of the Blogosphere 2011” report it is noted that the number one influencer of bloggers, whether professionals or hobbyists, is other blogs. Over 60% of all bloggers surveyed say they look to other blogs to find topics and subjects to write about. All the copy-cat posts on the same news story or subject have led some to criticize the blogosphere as nothing more than an echo chamber of people all writing about the same ideas in the same way.
Such an effect was demonstrated over the past two days with a news story about the decline of movie ticket prices. I first saw the story posted yesterday on The Wrap followed shortly after by one published on the Hollywood Reporter‘s website. They stated the National Association of Theatre Owners had announced the average ticket price for the third quarter of 2011 had dropped to USD $7.94. That’s lower than the second quarter’s record setting USD $8.06, but higher than the USD $7.86 price of 2011′s first quarter.
The publications “attributed” the price drop to having fewer 3D releases in the quarter, in comparison to the higher number of titles released in the second quarter. Both stories were short and practically carbon copies of one another leading me to believe they must have been citing a press release of some sort.
I waited for NATO’s press release to arrive via email for confirmation of the news, though nothing ever arrived. So, I went to the press release section of the organizations website, but found nothing had been published since October 14th.
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Popularity: 1% [?]
Anyone who has attended an industry trade show this year or has taken even a cursory look at international box office grosses has undoubtedly noticed the increase in revenue being generated in two countries; China and Russia. It’s no secret that the cinema market in both of these territories is on the rise as each goes through their own multiplex boom. While researching a piece on international box office for the July issue of Boxoffice Magazine I was told by Veronika Kwan-Rubinek, President of International Distribution for Warner Bros., “Russia has been the single biggest growth story in the last decade, and China will be the biggest growth market looking ahead.”
I wouldn’t be surprised if Russia continued to be a growth story for some time to come. That’s precisely the subject of a recent IHS Screen Digest report authored by David Hancock. Some of the highlights from the report include:
- Record box office in Russia surpassing the USD $1 billion in 2010
- The market has 2,430 screens of which 297 were added in 2010 – the strongest growth in the last five years
- Over 30% of all the screens in Russia are in Moscow and St. Petersburg
- Of the 941 digital screens in Russia, 95% are capable of showing 3D
Of course, the IHS Screen Digest report contains enough facts and figures to prove the point ten times over, certainly more than can be recounted here. Suffice to say, Russia is now a market that is so important that Paramount held the world premiere of “Transformers 3: Dark of the Moon” in Moscow on June 23rd.
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Popularity: 1% [?]
Did anyone hear that loud “whooshing” sound this past weekend? If so, don’t be alarmed. It was just the collective sigh of relief coming from dozens of studio executives upon seeing the weekend’s enormous box office receipts.
The summer movie season started off with a bang here in the United States thanks to the highest grossing Memorial Day weekend of all time. More than USD $277 million was earned by the top 50 motion pictures playing around the country. Sequels led the day with “The Hangover Part II” pocketing USD $85 million, “Kung Fu Panda 2″ chopping away an additional USD $47.6 million and “Pirates of the Caribbean: On Stranger Tides” walking off with an additional USD $39.8 million.
While I was glad to see the industry rebound from receipts and attendance that were down upwards of 17% and 18% respectively over 2010 figures, I couldn’t help but feel a little skeptical upon seeing the news. Maybe I’ve just grown ambivalent to reading about bar setting box office results that are filled with qualifiers. For instance, the following sentence is from a Box Office Mojo story from this past weekend:
Playing on approximately 6,700 screens at 3,615 locations,”The Hangover Part II” delivered the top-grossing weekend ever ($85.9 million Friday-to-Sunday) for a live-action comedy, and it ranked second to “The Matrix Reloaded” among R-rated movies.
I’m not sure when the industry became so jaded that a praiseworthy USD $85.9 million dollar opening weekend needed to be puffed up further with adjectives like “top-grossing”. Especially when such adjectives have to be qualified with yet another hyphenated descriptor, “live-action comedy”.
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Popularity: 1% [?]
North America wasn’t the only territory to break box office records in 2009. In reviewing the backlog of posts I’ve been wanting to get to, I came across an announcement from the Asociace Producentu V Audiovizi a.k.a. Czech Audiovisual Producer’s Association (APA) which reported the country reached record box office and attendance during 2009.
Attendance reached 12.4 million moviegoers generating CZK 1.25 billion crowns (EUR €50.4 million or USD $70.32 million) in ticket sales according to the APA. The final box office was up CZK 31 million crowns over 2008 when grosses amounted to CZK 1.20 K? billion crowns (EUR €46.3 million or USD $64.60 million). What’s impressive about this figure is that the average ticket price in the Czech Republic is only CZK 100.3 crowns (EUR €4.1 or USD $5.72).
Most of the Czech box office (87 percent) came from multiplexes were moviegoers favored homegrown content over foreign productions. Four Czech films were among top 10 grossers of 2009. They include the most successful title of the year “Líbáš jako Buh” (“You Kiss Like A God”) by director Marie Polednáková which earned CZK 90 million (€3.6 million or USD $5 million) from more than one million viewers. It should come as no surprise to find 3D Hollywood blockbusters such as “Avatar” and “Ice Age 3″ among the top finishers as well.
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Popularity: unranked [?]
Sooner or later it was bound to happen. After all, 3D movies have topped the North American box office for nine out of 13 weeks this year. And 3D films like “Avatar” and “Alice In Wonderland” have generated record breaking grosses, far beyond industry expectations. With more and more moviegoers showing up for 3D content, it should come as no surprise that at some point the public, not to mention the media, was going to start noticing the extra USD $3 they were forced to pay for the latest multi-dimensional blockbuster. In fact, after this past week the industry may begin to face some consumer backlash at the 3D surcharge, especially since a handful of large U.S. theatre chains raised 3D and 3D Imax ticket prices as much as 26% in some locations.
We’ll get to a few reasons as to why exhibitors might be raising ticket prices during an economic recession and what it might mean for the industry as a whole before the end of this post, but first lets go over the history of this recent increase.
Lauren A.E. Shuker and Ethan Smith of the Wall Street Journal were the first to report the price hikes on Wednesday, causing a rash of similar news stories to surface by Friday. The original source of the news about price increases came from a research report released on Wednesday by Richard Greenfield, a media analyst for BTIG, an institutional brokerage and financial services company.
Mr. Greenfield surveyed 10 random theatres in major cities throughout the U.S. and found that on average 2D adult ticket prices rose 4.1% (USD $0.42), 3D non-Imax adult ticket prices increased 8.3% (USD $1.13) and 3D Imax adult tickets were up 9.9% (USD $1.50). Most of the new prices, which varied by theatre took affect on Friday, just in time for the release of Dreamworks Animation’s “How To Train Your Dragon”. Read More »
Popularity: 41% [?]
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Tagged as
3D,
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Ticket Prices,
Wall Street Journal
It’s fitting that on the eve of theatrical exhibition trade show Showest—and as DCIP claimed its long-awaited funding—Disney’s “Alice in Wonderland” topped the weekend box office during its second week in release and demonstrated the continued strength of 3D.
Alice earned an estimated $62 million, extending its domestic haul to $208.6 million, according to weekend box office figures announced Sunday by Rentrak and its Box Office Essentials theatrical box office data collection and analytical service.
Tim Burton’s fantasy played in 3,728 locations, and of course included a digital and Imax 3D release.
Many insiders believe this wildly successful start—Burton’s most successful do date—is t least in part due to the “Avatar effect.” And insiders suggest that 3D can account for roughly 80% of the “Alice” box office figures.
But “Alice” is not likely to benefit fully from this bump, as Dreamworks Animation’s “How To Train Your Dragon” is set to open March 26, taking the majority of the 3D screens. This of course is not a new concern, but it only becomes more pronounced as box office numbers climb to record heights and tentpole titles demonstrate staying power.
“Dragon” of course has a similar problem, with the opening of the 3D “Clash of the Titans” on April 2, when the industry will get its first look at a film entirely converted to 3D by Prime Focus.
“Alice” was lensed in 2D, and the live action scenes were converted to 3D by companies including In-Three and Legend Films. The film’s lead VFX house, Sony Picture Imageworks, handled the 3D conversion for the CG Wonderland environment that makes up the majority of the run time.
According to Rentrak estimates, the top five in the domestic market included the debuts of “Green Zone” with $14, 5 million, “She’s Out of My League” with $9.6 million, and “Remember Me” with $8.6 million. “Shutter Island” rounded out the top five with $8.1 million, giving the film a new domestic total of $108 million. “Avatar” continued to perform, earning an estimated $6.6 million, for a new domestic total of $730.3 million.
Popularity: 21% [?]
We all knew Summit’s “The Twilight Saga: New Moon” would have a huge opening. The question was just how huge.
Box Office Mojo answered this question with Sunday estimates that suggest a North American gross of $140.7 million, which would make it the third highest opening weekend of all time, behind “The Dark Knight” and “Spiderman 3.”
It also reports that “New Moon” now holds various records including highest opening day gross, with $72.7 million.
The third film in the Twilight saga, “Eclipse,” is slated to open June 30, 2010.
While the weekend belonged to the vampire romance, Box Office Mojo’s early estimates for additional debuts include: “The Blind Side,” $34.5 million; and “Planet 51,” $12.6 million.
Sunday estimates also show that “2012” climbed to $108.2 million in North America. Disney’s 3D “A Christmas Carol” sits at $79.8 million in its third weekend. And “Precious: Based on the Novel “Push” by Sapphire” earned $11 million in 629 locations—with a $17,500 per theatre average—for a new total of $21.4 million.
“Precious” has generated a lot of buzz as a likely best picture Oscar nominee. With awards season underway, we’ll be watching the box office numbers for “Precious” and other releases with Academy Awards potential.
Popularity: 13% [?]
Apparently the stars are to blame for not delivering more hits this summer, which appropriately enough finished this past weekend with the star-less sci fi film District 9 taking the top spot. Not that it was a bad summer, since early reports indicate that there is a year-on-year increase for 2009 so far. It is just that the hits were not delivered by the actors with $20m pay packets, according to the New York Times:
The gradual trend away from big-star vehicles in the summer has been under way for years.
At the start of the decade, summer still belonged to names: Cruise (“Mission Impossible II”), Crowe (“Gladiator”) and Clooney (“The Perfect Storm”) were the top three in 2000. But the three biggest films of this summer season, a crucial period from May 1 to Labor Day that typically accounts for 40 percent of annual ticket sales, have been “Transformers: Revenge of the Fallen,” “Up” and “Harry Potter and the Half-Blood Prince.”
The fading ability of Hollywood stars to command box-office attention, and why that is happening, has been a perennial topic in Hollywood. And economists and academics have long argued that marquee names are not worth their expense.
The biggest names attached to those films: Shia LaBoeuf, Ed Asner and Daniel Radcliffe.
So are the studios going to stop using stars? No, they will simply ask them to take a pay cut as they always have. And further into the article the blame falls on social networking and Twitter – as discussed below.
Popularity: 17% [?]
The Peter Jackson-produced scifi release “District 9” from TriStar debuted in the North American box office’s top spot this weekend, with an estimated $37 million.
In its second week, Paramount’s “G.I. Joe: Rise of the Cobra” was behind it with an estimated $22.5 million; and Warner Bros.’ “The Time Traveler’s Wife” debuted at number three with an estimated $19.2 million.
Another debut in the North American box office this weekend was animation great Hayao Miyazaki’s magical “Ponyo,” released this weekend by Buena Vista, which played in 927 theaters and earned an estimated $3.5 million.
Sunday estimates also suggest that Disney’s “G-Force” added $6.9 million to its gross for a new total of $99 million.
As the 3D guinea pigs of “G-Force” approach $100 million, the final 3D movies of the summer are about to open. Disney’s sports feature “X Games 3D: The Movie” debuts on Aug. 21, followed by Warner Bros./New Line’s thriller “The Final Destination” on Aug. 28.
There are a little more than 1600 3D ready d-cinema theaters in North America and that count has been a factor to watch all summer. Disney’s “Up” surrendered most of its 3D-ready theaters on the weekend that the next 3D release, Fox’s “Ice Age: Dawn of the Dinosaurs” opened. And “Ice Age” did the same when “G-Force” debuted. North American theater owners charge a premium of roughly $2 to see a movie in 3D.
Popularity: 18% [?]
In Technorati Media’s “State of the Blogosphere 2011” report it is noted that the number one influencer of bloggers, whether professionals or hobbyists, is other blogs. Over 60% of all bloggers surveyed say they look to other blogs to find topics and subjects to write about. All the copy-cat posts on the same news story or subject have led some to criticize the blogosphere as nothing more than an echo chamber of people all writing about the same ideas in the same way.
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