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March 01, 2009

The Hype, The Hype, The Hype Is On Fire

This year’s most overhyped story so far… the alleged bump at the box office, which is now being portrayed endlessly as reflective of the economy.

And how can I say this delicately… bullshit.

Obviously, all of this first quarter’s films are not played out yet. But let’s take a look at the rough edges.

Last year, we had 22 films that opened First Quarter do $10 million or better. This year, it looks like 23.

The biggest bump from last year to this year is represented – as false trends so often are – in the top 2 titles. Last year, there was Jumper and Cloverfield, both at $80 million total domestic. This year, we have Paul Blart: Mall Cop and Taken, both of which project out very roughly at about $140 million each. (Taken may get hurt deeply by Watchmen, but Blart will probably be a bit higher.) That’s a 75% improvement (about $120 million) in those top two films.

After that, there were an additional dozen wide-release films released last year in First Quarter. Compared to the next dozen that were released Q1 this year, there may be, when all is said and done, a bump of about 6% or 7%... maybe… from last year.

Of course, that doesn’t take into account another half dozen more releases this Q1 than the last Q1. And there, you are looking at another $130 million or so in box office in the quarter… or about another 15% of the total.

But again, the biggest point, to my eye, is not just the crowding, but the specific titles and the focus of distributors on hard core niche sells. The was nothing in the market last Q1 even trying to be a Paul Blart. Ironically, Sony eat their own young this year by releasing two (Blart and PP2), which worked for the new title and thinned the market dramatically for the sequel.

Taken has had a much stronger following for Fox than Jumper did last year. I am not a fan of either film, but Taken has – like Gran Torino – found its marketing mark very clearly while Jumper never did.

Last year, it was 27 Dresses, Fool’s Gold, and Definitely, Maybe in the Chick Flick market. This year, it’s He’s Just Not That Into You, Bride Wars, Confessions of a Shopaholic, and New In Town. Last year $180m, this year $187m on its way to somewhere near $200.

Last year, hopeful Geek Thrillers were Jumper, Cloverfield, Rambo… $203m. This year, Taken, Friday the 13th, My Bloody Valentine 3D, Underworld 3, The Unborn, Push, and The Uninvited… $363 million on its way to over $400 million.

Black/Urban Audiences got Welcome Home Roscoe Jenkins and First Sunday last year… $80m. This year, Madea Goes To Jail and Notorious have done $102 million with another $25 million or more to come.

And for The Kids, last year there was The Spiderwick Chronicles and Hannah Montana 3D… that’s it… $137m. This year, Blart, Hotel for Dogs, Coraline, Pink Panther 2, Inkheart, Jonas Bros 3D… $286 million on its way to over $325m.

Now… seriously… does anyone here really think that Madea doubling Roscoe Jenkins is about The Economy? Does it make sense that triple the product for kids doing 2.5 times the business is neither a triumph or a surprise? Same with The Geeks?

This entire trend is based on an increase in the quarter of about $250 million… more than a third of which ($89m) can be attributed solely to same-date comparisons of the top 2 films alone. Now add in a 43% increase in the number of wide releases (so much for the fear of glut) and most significantly, the focus on niche product - the bust of the quarter is generic, not-big-name adult-thriller from Sony, The International, which will do about $23m total domestic while generic, not-big-name adult-thriller from Sony, Vantage Point, did $72m last year in the quarter – and it all makes perfect sense.

This notion that more challenging movies were released last year in this quarter or last year in general is a bunch of crap.

Studios are way smarter than trend-chasing journalists in this regard. They do see where the trend lines are and they do react. Sony’s bet on The International flopped, but they saw the need for a Q1 family film (one too many, perhaps) and filled it with Paul Blart. The genre studios exploited the niche Cloverfield signaled. The Chick Flickers came hard for the third of fourth year. Etc.

I’m sure there is some “cheaper entertainment” bump coming from tighter times. Maybe 1% or 2%. But this quarter is about, as almost always, the frickin’ movies, not some dumb trend story. And that will not change with Watchmen or Duplicity or I Love You, Man or Monsters vs Aliens or The Fast & The Furious or any of other heavy pre-summer films on the way.

But watch the Trend Obsession to continue. Last year’s Top 5 films from March through April were 10,000 BC, Forgetting Sarah Marshall, Baby Mama, The Forbidden Kingdom, and Nim's Island. None over $100m, Nim’s the low at $48m, $320m total. This year, you have two films that will crack $100 million by the end of their second weekend (if not sooner), and three others that seem pretty sure bets to crack $50 million with ease. So I expect the Top 5 Mar-Apr of 2009 to top the Top 5 Mar-Apr of 2008 by $200 million or more.

Will it have a damned thing to do with the economy? No.

Except for this. Movies are relatively cheap. So the pullback on luxury does not, in fact, change the movie business in a big way. So yes, it is, somewhat, recession-proof. (Of course, that is just in the narrow area of box office… the recession has hit the studios and their employees and their former employees in a huge way… but that is a different trend story.)

But please, spare me from the “people are coming out in droves to see movies because they are drowning their sorrows on a budget” bullshit, if you would. And keep an eye on hard liquor, cheap beer, illegal drugs, premium Supermarkets (like Whole Foods), and expensive auto sales, where the recession really will change the numbers.

Posted by dpoland at March 1, 2009 01:06 PM

Comments

JUMPER should've advertised KRISTEN STEWART'S role and it would've made $100 million more.

Also, Jumper is awesome as fuck.

Interesting numbers, interesting posting and perspective; Even though you're part of the game too, DP, when you break it down like this, it would seem to corroborate my ongoing theory that almost ALL superficial industry-trend writing puff pieces are pure easy busy-work to fill newspaper/web space.

The Slump, It's the Economy, Women Want to See Movies Too... all these things, dating back to the classic Film Theory tenet "When Nixon was in power people wanted edgy movies but when Reagan was all patriotic people wanted Top Gun" are almost ALL shortcuts to thinking, usually if not always written by people trying to justify their job.

Because even trying not to use the overplayed William Goldman quote, there really is little rhyme or reason to all this shit.

Posted by: LexG [TypeKey Profile Page] at March 1, 2009 01:31 PM

Of course the above does not include my BRILLIANT theory that Because there's a wimpy, ineffectual Socialist regime in office, America has SPOKEN and they want to see pure testosterone and ass-kicking on the big screen.

Posted by: LexG [TypeKey Profile Page] at March 1, 2009 01:42 PM

Sony really blew The International. I saw it last night and though it needed another pass it had some great moments. Much better than the trailer made it out to be. And if you can't capitalize on "the banks are the enemy" when the banks really are the enemy, there's something wrong.

Posted by: sloanish [TypeKey Profile Page] at March 1, 2009 03:10 PM

LexG is dead on... most trend pieces are just that... taking two or three slightly related products and claiming a pattern, than fabricating some deap seated socio-political reason for the trend you just made up. My favorite was an article in early 2006 claiming a boon in the 'film noir in high school' genre. The examples? Veronica Mars (a great show that no one watched) and Brick (a good film that no one saw).

This is to say nothing of the pieces that get written every time a 'guy movie' does well with women. No, it can't just be that some women like the violence and macho cliches a little bit too, no it had to be that five-minute romantic subplot or that slightly 'empowering' female character that drew them in.

Posted by: Scott Mendelson [TypeKey Profile Page] at March 1, 2009 03:27 PM

I'm confused. Dave, you're agreeing that there's been a bump, but not that it has anything to do with the economy? If that's the case, why so defensive? Gawd. It's not like reporting that the economy could be responsible for the obvious upturn in box office receipts is something that should offend your being. And if that's not the case... then what's your beef. You clearly show that there has been a rise in box office takings (if not in the number of films you could define as a "hit"). It's hardly "bullshit".

The term polite disagreement isn't really a common one around the hot blog, I must say.

Sloanish, The International is yet another example of Hollywood snatching up international talent and, apparently, trying to destroy their careers. Gavin Hood is lucky he's gonna get a default hit out of Wolverine after Rendition. I suggest Tykwer goes back to Germany.

Posted by: KamikazeCamelV2.0 [TypeKey Profile Page] at March 1, 2009 03:37 PM

I'll disagree about G. Hood; I'd say after the insufferable, exploitive, coincidence-laden, ham-handed, Haggis-goes-to-Africa guilt flick TSOTSI, he's lucky to have been allowed to direct anything more taxing that a Chef Boy R Dee commercial.

As for Tykwer, since the movie's supposedly somewhat good (at least as much so as Vantage Point, which D-P rightly compares it to), I don't think any prospective American viewer is catching the newspaper ad or trailer and saying, "No way, not that hack Tykwer!"

I just think Clive Owen is -- very unfortunately -- box office poison, who U.S. audiences seem not to warm to, no matter how many good movies he's done. And at this point, he's just doing third-tier hand-me-down movies, and I'm not even sure most people know or remember who he even is.

Which doesn't bode well for DUPLICITY, because I think Julia has officially worn out her welcome with the public too the last few years.

Posted by: LexG [TypeKey Profile Page] at March 1, 2009 03:44 PM

Am I the only one who secretly wishes that it was George Clooney and not Clive Owens starring opposite her in Tony Gilroy's "Duplicity"?
Their chemistry was off the charts in the first two "Ocean's" movies, and Owens--sorry, Clive--has just become a major drain/drag/herpes blister on every damn film he's in these days.
I say that regretfully because I used to really like Owens (especially in his "C" trilogy: "Croupier," "Closer," "Children of Men"), but lately he's become a major pill. No wonder audiences are avoiding him like, well, a herpes blister.
Bonus point: at least Owens is using his native accent in "Duplicity," and not fumbling around with his (dreadful) stab at an "American" accent.

Posted by: movieman [TypeKey Profile Page] at March 1, 2009 04:02 PM

"Of course the above does not include my BRILLIANT theory that Because there's a wimpy, ineffectual Socialist regime in office, America has SPOKEN and they want to see pure testosterone and ass-kicking on the big screen."

GO wash out your mangina, asshole.

Posted by: IHeartThatCurtis! [TypeKey Profile Page] at March 1, 2009 04:03 PM

*The "her" I'm referring to is, duh, Julia Roberts.

Posted by: movieman [TypeKey Profile Page] at March 1, 2009 04:03 PM

I don't mean like that, I just mean that they give these international directors shit movies. It just feels like these directors are making something back home to get recognised "wow, it's foreign so it must be good" so they can move to Hollywood and whore out on action movies.

Posted by: KamikazeCamelV2.0 [TypeKey Profile Page] at March 1, 2009 04:05 PM

er, that was a reply to Lex.

Posted by: KamikazeCamelV2.0 [TypeKey Profile Page] at March 1, 2009 04:08 PM

If you're going to say it's not the economy, I think the better argument is that release patterns have changed significantly. It used to be that Oscar pictures would roll out during this time of year while studios dumped out their misfires, but that's not as strongly the case. What makes Paul Blart and Taken so surprising is that you've got two 100 million dollar pictures in January. Though there are exceptions, January-February used to be dumping grounds and has evolved to a place to play a solid B movie (in the sense of something like How to Lose a Guy in Ten Days or Daredevil). Nowadays first week of March is also a release date, or at least that's what WB/Zack Snyder are trying to do.

What's the comprable Paul Blart parallel? Big Momma's House 2? The Wedding Singer? Or are you saying that Kevin James commands that sort of audience? Since you've recently said you don't see these sorts of January-February movies, how do you know what people are responding to? I haven't seen it, but Paul Blart has played long and strong - this weekend it's only off 18%. At this point, and at this point with Taken (which is off 12%), it's not marketing that fuels this success. And in the film business for years now, pictures don't hold strong because of the release window. What are the comprable films to have drops like this?

Posted by: Dellamorte [TypeKey Profile Page] at March 1, 2009 04:12 PM

The "Mall Cop" was a lowbrow comedy that took off. Columbia had to promote it as lowbrow because "Hotel for Dogs" was moved up to go head-to-head.

Posted by: Chucky in Jersey [TypeKey Profile Page] at March 1, 2009 04:43 PM

David: I respectfully disagree. I realize, of course, that my counter-argument rests entirely on anecdotal evidence -- speaking to students, talking to civilians (i.e., folks not in the industry), hearing what my wife says her co-workers have expressed to her, etc. -- but I firmly believe that this is the latest of many periods we've seen throughout movie history where bad times = box-office bump. That is, people may be scrimping on certain things -- but they need to have some escape. Put it like this: I just got back from a Sunday evening showing of Echelon Conspiracy at a nearby megaplex. This movie opened cold in Houston, with no newspaper ads before opening day, no TV or radio spots (at least, none that I've encountered), no reviews, no stars, nothing. And, mind you, this was not a bargain matinee -- just a regular 5 pm Sunday screening, at regular admission prices. I fully expected my wife and I to be the only ones there. Guess what? There were at least 50-75 other people at the theater. You know what this tells me? People are going out to the movies. Not necessarily out to see a specific movie, but going out to see something, anything. Could I be wrong? Entirely possible. But let's wait to see how it shapes up by year's end.

Posted by: Joe Leydon [TypeKey Profile Page] at March 1, 2009 06:06 PM

I'm skeptical about the "economy" argument as well. Fact is, despite all the doom-and-gloom in the media, the income of the overwhelming majority of Americans has not changed. Inflation hasn't really kicked in yet, so buying power hasn't really changed, either.

I understand the "bad economy" argument, and it makes sense. Moreover, people are obviously reeling in their big ticket spending. But I'm not convinced that it has trickled down to spending on relatively cheap diversions.

Posted by: mysteryperfecta [TypeKey Profile Page] at March 1, 2009 06:33 PM

Joe.

Joe!

Experiential argument.

Oy.

Of course, people are going to the movies. They have always been going to the movies.

Echelon Theory was selling itself to someone somewhere. 50,000 people didn't just wander into the theater this weekend and 400 screens were not booked without support. (How'd you get there?) If you saw it with 75 people, it was likely as crowded as any theater in any multiplex in town. I doubt I could find a theater with many more people in it at The Grove here in LA tonight for any film.

There is no more expensive way to see a movie in 2009 than in the movie theater.

Adults, historically, are not driven by opening weekend must-see, except in rare situations.

I would argue, again, that while movies are not so expensive that the recession has had a major impact on people going to the theater… but that if you asked the restaurants that traditionally service the people who go out to the movies, they are feeling it, especially the expensive ones.

===========

Della... I made the same argument about release choices... but yes, the popularity of those two films from word-of-mouth is worth pointing out.

===========
Kami... I'm not clear... you don't mind false mythologies being created by the NY Times? As long as the fact of an upswing in gross sales is true, you don't care about the context offered? Doesn't sound like you.

And you want to know why it angers me so? Because people still believe the lies that the NYT sold in 2005 and still maintain, even though they have been utterly debunked. I don't like lies, especially when they are lazily created by highly respected outlets that should be more careful before throwing out proclamations.

Posted by: David Poland [TypeKey Profile Page] at March 1, 2009 07:30 PM

David: As I said, there were no newspaper ads before opening day. There were print ads Friday-Sunday. But again, why did folks decide to go? Because, trust me, over the years, I have seen movies released the same way, caught them at early Sunday evening screenings -- and on more than one occasion, I was one of maybe five people in the theater. Yes, experiental evidence. Can't deny it. Just as I can't deny that I'm basing what I think on testimonies of civilians -- and, yes, historical trends. I don't want to argue this anymore with you because, frankly, past experience has taught me that once you've made up your mind about something -- particularly about something the NYT, Variety and/or any other source has a different take on -- there's no budging you. As I say: Time will tell which one of us is correct. Meanwhile, the theater owners will be happy campers for as long as it lasts.

Posted by: Joe Leydon [TypeKey Profile Page] at March 1, 2009 07:50 PM

On a not-entirely unrelated subject: What is the disappointment/fulfills expectations threshold for Watchmen? That is: What is the absolute minimum it has to make on opening weekend for it not to prompt on-line and MSM reports about what a "disappointment" it is? $60 million? Higher? Lower?

Posted by: Joe Leydon [TypeKey Profile Page] at March 1, 2009 07:58 PM

Dave, you didn't mention any specific person or paper who had made the claim so it just felt like a "me against the world" type situation.

And, granted, I don't read the NYT so I have no idea what they're saying, but don't you think it's at least a rational theory? I am much more inclined to believe that people go to the cinema more in economic hardships than believing all that "slump" nonsense from 2005. Isn't there historical proof that this is the case or am I just imagining that I've read that (maybe I read it at the NYT, hehe).

Posted by: KamikazeCamelV2.0 [TypeKey Profile Page] at March 1, 2009 10:55 PM

Of course, to jump into your side of the debate, all 2008 needed was a Passion of the Christ and it would be neck-and-neck with '09.

Posted by: KamikazeCamelV2.0 [TypeKey Profile Page] at March 1, 2009 10:56 PM

I dunno Joe... I think it's a little dangerous for any R-rated movie to be EXPECTED to equal or surpass the third biggest R-rated opening of all time. 300 was a stunner, completely unexpected, but also (theoretically) a more accessible picture. You can explain its plot in one sentence, and its appeal was completely obvious on its face (it's buffed Spartans, hacking and slashing at their enemies in stylized, violent, slow-motion battles - would you like to know more?). Watchmen needs a few sentences to explain, and you really do have to explain what the hell it is to anyone not familiar with the source material. It's also a full hour longer than 300.

Point being, it could very well do $80 million on the strength of the saturation ad campaign, the 'it looks interesting' vibe, and the 'you must see this movie to be cool' buzz, but don't rush to call it a flop if it 'only' opens to $50 million.

Posted by: Scott Mendelson [TypeKey Profile Page] at March 2, 2009 08:08 AM

"But watch the Trend Obsession to continue. Last year’s Top 5 films from March through April were 10,000 BC, Forgetting Sarah Marshall, Baby Mama, The Forbidden Kingdom, and Nim's Island. None over $100m, Nim’s the low at $48m, $320m total."

What about Horton Hears a Who? That did $155m.

Posted by: Rob [TypeKey Profile Page] at March 2, 2009 09:07 AM

Oh, and having finally read the Cieply/Brooks NYT piece that David is responding to here, I was stunned by the idiocy of this claim:

"Over the last year or two, studios have released movies that are happier, scarier or just less depressing than what came before. After poor results for a spate of serious dramas built around the Middle East (“The Kingdom,” “Lions for Lambs,” “Rendition”), Hollywood got back to comedies like “Paul Blart: Mall Cop,” a review-proof lark about an overstuffed security guard."

I wasn't aware that the film industry took a break from releasing stupid comedies in 2007. Wasn't The Kingdom beaten, in its opening weekend, by The Game Plan, which was also aimed at the Blart demo?

Posted by: Rob [TypeKey Profile Page] at March 2, 2009 09:49 AM

Scott: I don't have a dog in this hunt. But I'm curious: What is the threshold number? How much does it HAVE to make to avoid negative spin?

Posted by: Joe Leydon [TypeKey Profile Page] at March 2, 2009 10:21 AM

Joe, Friday the 13th did $53.1 M. If it doesn't do better than that, then I would guess the poop will hit the fan.

Even if it does better than that (even better than $60 M) the second weekend is also a make or break. If it drops > 70%, then that won't be good.

But I wonder if on Saturday we hear the movie did

Posted by: jasonbruen [TypeKey Profile Page] at March 2, 2009 10:53 AM

Good grief, typepad cut me off.

The last point was if it does

Posted by: jasonbruen [TypeKey Profile Page] at March 2, 2009 10:55 AM

I figured out I cannot use a greater than sign on typepad bad. If it does less than $20M on Fri, will that get the boo birds out (given the movie's propensity to be front loaded)?

Course, it'll probably be all moot when it opens to $80+ M over the weekend.

Posted by: jasonbruen [TypeKey Profile Page] at March 2, 2009 10:59 AM

the movies are not really recession proof, that's at best a short term belief, the movie is a recession lagger, and recent recessions have been mild enough that the impact of any post-recession movie downturn has been relatively negliable. The Depression didn't hit the film industry for about four years, but it did get smacked with it pretty hard in 32 (the economic downturn in the movie industry that year was part of the reason the new production code became enforceable, the economic threats became more real for not abiding by the code). The movie industry can expect to have a much more off 2010, particularly from the heights of this years bounce as this recession looks deep enough to actually affect the industry.

And there really is a bounce. yes, the bounce is partially due to the movies, but not all of it. just because there is 3x kids product in the marketplace doesn't mean there's 2.5x more dollars out there for that product--good movies fail all the time, even when there's a glut of them, last year, Coraline might have made 2/3 of what it made this spring. More people are going to the movies, that's why there's more dollars out there at the moment, not just because there are more or better movies, though that helps.


but I suppose just because Dave didn't write the story first it can't be true? just as there was no slump three or four years ago since Dave didn't report it first, despite the fact that year remains a ten year low water mark by pretty much every way you can measure it against the other years of the decade. ironically, had Dave reported on the overperformance of 2009 back in the first or second week of February the headline now would be the slightly smug, slightly whiney, "Variety finally catches on to the 2009 bounce, three weeks after we've been reporting on the biggest story of the year." but since dave didn't write the story first, instead we get, "you're all crazy there's no REAL increase, because the true measure of whether or not there's a increase is if I have observed an increase. this is just another example of bad journalism in the film industry, and it's bad journalism because it is not something MCN has covered."

Posted by: movielocke [TypeKey Profile Page] at March 2, 2009 11:56 AM

Movielocke, you're so... critical.

Posted by: Joe Leydon [TypeKey Profile Page] at March 2, 2009 12:26 PM

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