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 100 item sample taken from the 300-400 movies produced.
Descriptive Statistics (5-Number Summary, Mean, Mode, Range, and Standard Deviation)
When analyzing the descriptive statics for opening gross we are able to determine that the movie Sicko brought in the smallest opening gross with $68,969, while the largest opening gross of $151,116,516 was brought in by Super-Man 3. After calculating the Mean for the 100 movies sample in regards to opening gross it was determined that the mean was $24,862,477. It was also determined that the range was $151,047,547 and according to Anderson, Sweeney, and Williams, the range is calculated by subtracting the smallest value from the largest value (2012). Opening gross did not have a value for mode as no value occurred more than one time in the list of opening gross figures. The standard deviation for opening gross came out to $25,900,910, which is about one million dollars higher when comparing it to our opening gross mean of $24,862,477.
After analyzi...
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...f the movies appeared in. The mean, mode, and range were also beneficial so that I was able to see the average value, the values that appeared the most, and the difference between the largest and smallest values for each of the four variables. The standard deviation also gave me a value to compare to the mean using similar terms. Overall, several movies could be classified as motion picture high performers and several movies could be classified as motion picture poor performers and with descriptive statistics we would never have been able to perform an adequate analysis.
References
Anderson, D., Sweeney, D., & Williams, T. (2012) Essential of statistics for business and
economics. Mason, OH: South-Western Cengage Learning.
Free Dictionary. (2013). Correlation coefficient. Retrieved from. http://www.thefreedictionary
.com/correlation+coefficient
Movies today are extremely expensive to make and are typically financed through either film studio contracts or from investors willing to take a risk. In order to be successful, movies need to be marketed and distributed either under contract by the film studios or by companies that specialize in such services. The aspects of financing, marketing and distribution of films have changed between the studio and independent systems over the years as the evolution of the film industry took place.
John Small, a fourteen year old boy in Uptown St. Paul, proceeds into the Suburban World Cinema, anxious to see Abel Ferrara's Bad Lieutenant. He is equipped with a parental note, replete with the phone number where his parents can be reached to verify that they did indeed author the note should its authenticity be questioned. John pushes seven crumpled-up dollar bills and the folded note into the metal dugout under the box office window, only to be met with a tinny, disinterested voice booming through the round silver speaker mounted on the window: "No children under seventeen allowed! Sorry. This note isn't gonna cut it."
As can be seen in exhibit to solution 2, we have estimated the per-film value of each production company. MCA Universal, Warner Brothers and Walt Disney Co are the only production companies that provide a positive per film value, with values of 9.89, 1.92, 12.56 million respectively. This value is calculated by dividing the net present value of all the movies by the total number of movies. We also calculated the average value of each production company based upon their share of the total number of movies produced. The companies with positive values were MCA Universal, Warner Brothers and Walt Disney Co is also the only production companies that provide a positive per film value, with values of 1.40, 0.37, 1.40 million respectively. These values are based on the average value per film multiplied by the company's average share of the industry.
Classical Hollywood Cinema is a chain of events that has a cause – effect relationship within a time and space. The environment looks realistic and believable to the viewers because the style is predictable, and the time is linear throughout the film. Each scene with the development of the plot and story is motivated by cause and effect. The filmmaking process involves four major steps that cut across the board. The process revolves around these levels that make it orderly to every individual involved in filming. The process has the following stages: Idea and Development, Pre-Production, Production and Post- Production. In Idea and Development it is normally
In Hollywood today, most films can be categorized according to the genre system. There are action films, horror flicks, Westerns, comedies and the likes. On a broader scope, films are often separated into two categories: Hollywood films, and independent or foreign ‘art house’ films. Yet, this outlook, albeit superficial, was how many viewed films. Celebrity-packed blockbusters filled with action and drama, with the use of seamless top-of-the-line digital editing and special effects were considered ‘Hollywood films’. Films where unconventional themes like existentialism or paranoia, often with excessive violence or sex or a combination of both, with obvious attempts to displace its audiences from the film were often attributed with the generic label of ‘foreign’ or ‘art house’ cinema.
According to a statistical report on The Numbers, the budget for the original Texas Chainsaw Massacre was $140,000 with a gross of over $30 million (“Box Office History for Texas”). The profit ratio of the original came out to be one of 220. In the remake, the budget was $9.5 million, while the domestic profit calculated out as over $80 million (“Box Office History for Texas”). That’s a ratio of just one to eight! Another popular movie example is the original and remake of Friday the 13th. According to Friday the 13th Franchise site, the estimated budget to produce the original was $500,000 that sold enough tickets to reach a staggering $40 million (Parker). According to The Numbers, the initial budget for the remake was almost half of the original’s profit with a profit ratio of just one to four (“Box Office History for Friday”). Clearly, the remake spent the majority of the budget on special effects as opposed to the much cheaper expenditures of the
possibly on several things. The average production budget of a major studio film in 2007 was
Measuring the success of a film can be an incredibly subjective endeavor. However, analyzing a film’s ROI, or return on investment, can provide insight on how profitable a movie is. Horror films are the most
Movie theaters are focusing on moving from film projection systems to digital and 3D systems. With these added technological changes, ticket prices typically rise creating revenue gains for the industry. These changes are drawing more consumers into the theaters because the in-theater experience is something that they cannot get from online streaming at
Many people don’t think about it so much, but movies (or just film in general) have become such a big part of our lives that we don’t think much of it because it just feels like a usual part of living. But have you ever wondered why this is, and how far back film started? Movies and film have been around for a long time, have developed in big ways throughout time, and has advanced in such a big and new way to this day.
The purpose of this research assignment is to put forward a convincing argument in how digital technology in the last four years have completely revolutionised the whole film industry. This thesis will attempt to focus on the main disciplines of film making and the impact that technology has had on each area. Firstly, this article will look at recent changes in the pre-production area of film making followed by what new equipment and storage facilities are being used during film production. Next is arguable the biggest transformation in the film industry as a result of technology, namely the post production stage. New methods of film distribution are explored followed by the negative impact that technology has had on the film industry with the main focus being on the illegal distribution of copyrighted film footage. New ways in post-theatre film distribution is also explored and the impact that continual break-through technologies are having on the education and training of professionals working within the film industry. Finally an examination of the impact of computer generated graphics on the film industry is concluded by a brief discussion on what the future may hold for the film industry.
The film industry has always been somewhat of a dichotomy. Grounded firmly in both the worlds of art and business the balance of artistic expression and commercialization has been an issue throughout the history of filmmaking. The distinction of these two differing goals and the fact that neither has truly won out over the other in the span of the industry's existence, demonstrates a lot of information about the nature of capitalism.
Movies are a worldwide phenomenon, but why are some movies academy award winners while others plummet in the box office. I believe there are five major factors that go into creating a successful film beginning with the storyline, script, directing, sincere chemistry as well as realism. Script writing that is genuine and one an audience member can connect to is crucial; as is having a plot that doesn’t move so fast, and is able to seamlessly transition into different scenes.
Some examples of this include Samuel Goldwyn belonging to MGM, Fine Line belonging to Time-Warner, and October belonging to Universal. While not all consumers viewing a film may not at first make the connection that a company such as October belongs to Universal, the major studio influence is at play. Major studios also acknowledge that there is a market appeal to producing independent films. Often times the audiences for these films are more mature, older adults than the demographics many summer blockbuster films are marketed towards (How Indies Can Survive and Even Thrive in a Blockbuster World.). This more mature demographic is valuable for the studios to acknowledge since they tend to have more disposable income than the younger audiences and by generating content that is more palatable for this more mature demographic, the studios continue to expand their market