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Started By
Message
Hollywood lost almost $1bn this summer
Posted on 9/8/16 at 9:18 pm
Posted on 9/8/16 at 9:18 pm
LINK
LINK
quote:
Using figures and projections from movie industry site the Numbers, they estimate the loss at around $1bn (£700.48m), and blame blockbusters flopping at cinemas rather than smaller films failing to attract larger audiences.
Their projected deficit – $915.6m – dwarfs last year’s, which was $546.3m. “Overall it was pretty awful,” Doug Creutz of Cowen & Co told Bloomberg. “We have been talking about the increasingly bad ecosystem that we see theatrically, and I think it definitely played out this summer.”
quote:
The worst-hit film was Ben-Hur, which had a projected loss of around $120m (though some dispute this figure, putting it closer to $75m). Studio Paramount also saw disappointing returns for Star Trek Beyond ($75m loss) and Teenage Mutant Ninja Turtles: Out of the Shadows ($65m).
Although Disney had three flops in the Top 10 (The BFG, which lost $115m, as well as Alice Through the Looking Glass and Pete’s Dragon), the success of Finding Dory and Captain America: Civil War (at the moment the two best-performing films of the year) meant it is currently around $521m in the black.
Other notable disappointments include Kubo and the Two Strings ($80m) and the rebooted Ghostbusters ($58m), although this is another title whose figures are disputed).
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Posted on 9/8/16 at 9:20 pm to Brosef Stalin
Aren't all these numbers fudged for tax reasons anyway?
Posted on 9/8/16 at 9:23 pm to wildtigercat93
quote:
Using figures and projections from movie industry site the Numbers
These numbers aren't from the studios. I would assume the Numbers is at least somewhat independent.
Posted on 9/8/16 at 9:39 pm to Brosef Stalin
quote:
The worst-hit film was Ben-Hur, which had a projected loss of around $120m
Good...good.
quote:
and the rebooted Ghostbusters ($58m)
Good...good.
Posted on 9/8/16 at 9:54 pm to Brosef Stalin
Maybe they shouldn't put out shite movies
Posted on 9/8/16 at 9:58 pm to Brosef Stalin
The three disney flops all looked terrible or had no advertising.
Pop Star: Never Stop Never Stopping suprised me that it lost so much on such a low budget.
The only blockbuster that flopped that I didn't expect to flop was Star Trek Beyond. The previews and reviews both looked good. Was it just a poor marketing campaign? All of the other flops looked atrocious.
Pop Star: Never Stop Never Stopping suprised me that it lost so much on such a low budget.
The only blockbuster that flopped that I didn't expect to flop was Star Trek Beyond. The previews and reviews both looked good. Was it just a poor marketing campaign? All of the other flops looked atrocious.
Posted on 9/8/16 at 10:00 pm to Brosef Stalin
Good. Most of what they crap out is shite anyway, they deserved it just for ghostbusters and Ben hur
Posted on 9/8/16 at 10:08 pm to Brosef Stalin
I had a feeling this was going to be a poor summer. I don't think that I went to go see anything besides Dory and Pets.
Posted on 9/8/16 at 10:09 pm to jim712
So War Dogs spent a lot more than the production budget on marketing/advertising?
Budget is at $40M, and it's pulled in $37M domestically and $60M total worldwide. Yet it's saying they've lost around $70M???
Budget is at $40M, and it's pulled in $37M domestically and $60M total worldwide. Yet it's saying they've lost around $70M???
This post was edited on 9/8/16 at 10:12 pm
Posted on 9/8/16 at 10:13 pm to jg8623
quote:
Some studios dispute The Numbers’ calculations, saying they leave out projected sources of sales that can boost the performance of films over time. A person close to Warner Bros., for instance, disputes the $67.7 million loss projected for “War Dogs.” Still, the estimates provide one of the best ways to compare individual movies, since studio finances are opaque and the companies seldom disclose such figures.
These numbers probably aren't 100% accurate but I would bet they're close.
Posted on 9/8/16 at 10:16 pm to Brosef Stalin
Stop dropping 100 million dollars on shitty movies.
It is like the more money they spend, the shittier the movie is.
It is like the more money they spend, the shittier the movie is.
Posted on 9/8/16 at 10:17 pm to Brosef Stalin
Yea, still surprised that they would have spent so much on marketing for a $40M movie
Posted on 9/8/16 at 10:18 pm to GetCocky11
quote:
It is like the more money they spend, the shittier the movie is.
And it seems like the general audiences are finally figuring this out. About time
Posted on 9/8/16 at 10:20 pm to Brosef Stalin
I haven't read into the numbers, but I'd assume the studios make their money back eventually through rentals, streaming, and dvd sales. You don't stay in business losing hundreds of millions of dollars every year. But it seems logical that theaters are gonna wind up getting hit the worst, and I'm not sure how that's gonna change the industry, but I'm sure I won't like it as much.
Posted on 9/8/16 at 10:25 pm to Hot Carl
They are estimating rentals, streaming, etc. I would think dvd/bluray sales are basically dead by now since everyone streams. Netflix is constantly cutting back on high profile movies because the streaming rights are so high, though they did just sign a big deal with Disney. I doubt cable rights bring in much money.
Posted on 9/8/16 at 10:28 pm to Hot Carl
quote:
You don't stay in business losing hundreds of millions of dollars every year
Don't think they are losing hundreds of millions every year
Posted on 9/8/16 at 10:32 pm to Hot Carl
I hate that Kubo, Star Trek, and Popstar did poorly. Star Trek had a super shitty marketing campaign, and the only reason I saw it is I knew Simon Pegg wrote it as well as the T-Meter. The average viewer doesn't keep up with these things or really know who Simon Pegg is.
The other two I'm a bit shocked over. Popstar was the best comedy of the summer and had a decent marketing campaign. Kubo was just great and I don't see why anyone wouldn't immediately want to see that movie. Maybe I'm just disconnected from the stupidity of the average filmgoer. I really hope Lakida is given another shot since they could be another Ghibli. Fortunately Universal did well enough to probably give them another shot.
Everyone else on that list (save for Pete's Dragon) deserved to bomb and I'm very happy to see them there.
The other two I'm a bit shocked over. Popstar was the best comedy of the summer and had a decent marketing campaign. Kubo was just great and I don't see why anyone wouldn't immediately want to see that movie. Maybe I'm just disconnected from the stupidity of the average filmgoer. I really hope Lakida is given another shot since they could be another Ghibli. Fortunately Universal did well enough to probably give them another shot.
Everyone else on that list (save for Pete's Dragon) deserved to bomb and I'm very happy to see them there.
This post was edited on 9/8/16 at 10:34 pm
Posted on 9/8/16 at 10:40 pm to Brosef Stalin
quote:
They are estimating rentals, streaming, etc. I
Yikes
Posted on 9/8/16 at 11:10 pm to OMLandshark
quote:
The other two I'm a bit shocked over. Popstar was the best comedy of the summer
May be unfair, but on the surface it looked kind of like a another movie that was just a prolonged SNL skit. I think it's probably getting harder to market movies to a teen/early 20's audience that has its entertainment budget split a billion ways. And that's going to hurt movie attendance across the board.
I think eventually movie studios are going to, and maybe already are, face some of the same problems as the music business in competing against a growing multitude of entertainment platforms and mediums providing quality content. Why go to the movies when you can catch up on Game of Thrones or re-watch The Wire or buy some new games or whatever. Or go on Twitch and watch other people playing video games for some reason I'll never understand.
Posted on 9/8/16 at 11:38 pm to PowerTool
The problem is that they are trying to hit a homerun with a every movie. They either win big or lose big and lately the studios have been losing big too often. They would rather try to make $200 million profit off a $150 million movie than make $50 million profit off a $20 million movie.
The mentality that every movie needs to be part of some larger universe is stupid too. Not every movie needs a sequel. There's nothing wrong with making a good 2 hour story and leaving it at that. At least that way you have something different rather just another Hunger Games/Twilight/Mazerunner/whatever movie every year that are all basically the same.
The mentality that every movie needs to be part of some larger universe is stupid too. Not every movie needs a sequel. There's nothing wrong with making a good 2 hour story and leaving it at that. At least that way you have something different rather just another Hunger Games/Twilight/Mazerunner/whatever movie every year that are all basically the same.
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