The bad and good periods are never as bad or as good as we think they are.”īelow, we take a look at trends in the offshore marketplace, as well as the studios’ individual 2019 performance and what’s on deck for 2020. To cap it off, adds a finance source, “People have to understand this is a long term and cyclical business.
At the same time, studios are being more cost-conscious, figuring out what’s theatrical and making movies for reasonable prices as well as being smarter about spending on P&A. Conversely, look at the success of unique original fare from Quentin Tarantino ( Once Upon A Time In Hollywood) and Rian Johnson ( Knives Out) in 2019. Otherwise, audiences will respond like they did to such 2019 titles as Godzilla: King Of The Monsters, Terminator: Dark Fate or Men In Black: International. Product can no longer be episodic or overly formulaic, and films need to have something unique that breaks through, or at least a raison d’être.
Box office 2019 how to#
What streaming does affect is how to make a film that gets people off their sofas.
Box office 2019 license#
Regardless, says one exec, “Studios can’t just license product to themselves.
Box office 2019 tv#
Says a source, “They are licensing content at record prices and TV deals are renewing because there are so many players competing for product.” International rollout on the majors’ proprietary platforms has yet to begin and there will remain long term output deals to be untangled. The streamers are also creating growth in the ancillary markets. That points to the global nature of the business, particularly as there was encouraging growth in mature markets like Japan, Germany, Italy and Mexico, and with the emerging hubs continuing to put in extra muscle.įor all the worry about alternative platforms chipping away at theatrical, most execs talk of a symbiotic relationship whereby the more people stream, the more they also see movies in theaters.
And while China is still more optics than profit given the 25% revenue share cap, there were a number of Hollywood movies that would have gotten to $1B worldwide in 2019 without that market at all ( Joker did and was never released there, making 69% of its money abroad). The international box office remains the lifeblood of the business, repping 73% of grosses in 2019. (Certainly Netflix is betting big on the TV side there.) We can expect more attention paid to the market going forward. There’s also the local language business to consider, particularly in markets that lean largely to homegrown fare like India. Africa, a continent of over 1B people, has yet to be truly explored and has a growing middle class. Sounds one person, “We are still seeing grosses in markets that are immature and there is still room for the middle classes to emerge and multiplexes to be built all around the world.” Over the coming years, South East Asia still has place to build out its infrastructure (think Indonesia and its massive population). It is estimated that 2019 becomes the second year in a row that all studio motion picture divisions will be profitable. Overall, 2020 should throw off several big movies instead of nine enormous ones, with certainly fewer crossing $1B worldwide.
Thus, box office can be proportionately lower while still maintaining profitability. With fewer true event pictures, say Deadline finance sources, the aggregate net negative cost as well as distribution expenses for studios will be less this year. In the year just past, “Some films didn’t have oxygen to hang out in the room,” suggests a distribution exec in the face of Disney’s Avengers: Endgame, The Lion King, Toy Story 4 and surprise hit Aladdin, among others. Disney Hopes For Long Holiday Dance With Steven Spielberg's 'West Side Story' Global Start Could Reach $31M - Box Office Preview
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