![]() dumps film deals on Hollywood investors." Reuters. "Entertainment Industry Economics." Cambridge University Press. The Motion Picture Association of America."Why everyone lies about their movie's budget." The Los Angeles Times. "Hollywood re-thinks use of A-list actors." Reuters. ![]() "A Movie's Budget Pops From the Screen." The New York Times. You never know - and that's entertainment!įor lots more information on the movie industry, take a look at the links below. The next big thing could be a low-budget comedy or a $250 million special effects extravaganza. Every film is a unique product (even sequels) that enters an ever-changing market. With all that money flying around, you'd think that studios could at least spot a potential hit. James Cameron, who more or less invented the super-budget special effects genre with "Titanic," developed his own 3D technology for "Avatar" - and paid $14 million of his own money to do it. For "Transformers 2" ($225 million), special effects powerhouse Industrial Light and Magic used 40 full-time animators. Not surprisingly, the most expensive movies of the past 20 years have had the biggest special effects budgets: "Spiderman 3" ($258 million), "Harry Potter and the Half-Blood Prince" ($250 million), and "Superman Returns" ($232 million) top the list. Icons like Denzel Washington and Tom Cruise are taking pay cuts up front in exchange for a bigger cut of DVD sales and distribution deals on the back end. Once a star has a few mega-hits under his or her belt, they're usually welcomed into the exclusive $20 million per movie club - although membership isn't a lifelong privilege.Īfter a series of relatively star-free hits like "Transformers," "Star Trek," and "The Hangover," - plus a growing list of superstar flops like Will Farrell's "Land of the Lost" and Julia Roberts' "Duplicity" - studios are starting to see the light. The rationale is simple: Stars sell more tickets and are more recognizable or marketable to international audiences. So if a movie costs $100 million to make, you'll need an additional $50 million to sell it.įor studio films, the traditional "safe bet" is to spend major money on a big-name actor. When calculating a marketing budget, the rule of thumb is to spend 50 percent of the rest of the production costs (pre-production, filming and post-production). Few studios would sink 80 million into an R-rated thriller movie, Scorsese-attached or not. That strategy seems to work: "Spiderman 3" made 45 percent of its total gross ticket sales in its opening week, while "X-Men: The Last Stand" made 52 percent of its money in its first week of release Though he's known for his violent gangster movies, Scorsese entered the 2010s with a surprisingly PG-13 thriller, and that rating might have been one of the compromises to get such a high budget. ![]() Big money is spent on trailers, TV ads, billboards, and Web sites to pack people in on opening weekend. Marketing makes up a huge chunk of modern movie budgets - $35.9 million on average - largely because the fates of many Hollywood releases are sealed in the first week.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |