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According to Hollywood.com's "Box-Office", with 22 days left in the calendar year, year-to-date box-office will hit $9,681,800,000 today and thus pass the record year of 2007 and its full-year total of $9.680 billion. Through this past Sunday, year-to-date revenue stood at $9,658,700,000, just $21.3 million short of surpassing year 2007’s record revenue. With Monday generating $7.5 million, Tuesday generating $8.1 million and a projected conservative estimate of $7.5 million for Wednesday, Hollywood.com "Box-Office" places the year-to-date revenue (through today) at $9,681,800,000. So why is most of Hollywood out of work?
With numerous huge films still on the way, we are poised for the first $10 billion year at the box-office, a milestone that has never been reached in the history of the box-office.
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As one of numerous vendors struggling through its worst year ever, it would be nice to read an analysis here that answers your question.
Did all our givebacks and rate card reductions get transferred into extra bonus dollars for top executives?
Nikki,
So where would you suggest the best jobs in Hollywood are going be in 2010 and on for those in Hollywood and those making their way there? Will it get better for aspiring agents, entertainment attorneys or executives??..Is the best path indie, corporation or big studio??…what jobs are going to be hot and what jobs will likely be flops?
The more interesting, and would offer some insight into the movie going public, would be to look at box office results for the past five years (adjusted for inflation) and a 5, 10, and 15 year benchmark (adjusted for inflation).
Year to year comparison do not tell us much.
This calls for a round of layoffs!
I’ve gotta say those Unite for Strength’s Ken Howard, Kate Walsh, Ned Vaughn, and that pesky Sally Field sure had a swell slogan with that “get back to work.” But I dunno. I mean this getting back to work feels a lot like before we approved the contract– well, except that the industry is pocketing record profits.
Yes, the box office is booming. My local theaters are consistently packed or sold-out. However, downstream revenues are floundering (DVD sales, etc.).
It’s ironic, because despite years of Cassandra-complex types wailing about the collapse of the box-office, it isn’t happening.
I have an enormous big-screen TV, HD on demand, Netflix, etc. But I still go to the movies b/c, frankly, it gets boring/tedious being at home.
People like to go out. Period.
Still, we could do without the asshats who look at their PDA’s in the middle of the movie, couldn’t we? Does a lower form of life exist on this planet? No.
Yes Grant, The ones who TAKE CALLS during a movie!
Sigh …
#1) Box Office are not revenues. This comment appears by wiser people each time Nikki posts a statement which attempts to make it appear like money is flowing off the backs of the “poor unions”. Domestically the theater owners take a large chunk. Internationally add the foreign sales agent fees onto those theater owners.
#2) Revenue (again, which these are NOT) then have to cover the negative cost plus the P&A spend plus any pre-break participations. Those are all real numbers. $50M of Revenues does not mean good news to a studio who made a $50M movie. It means they lost big. The more gross players, the more they lose.
#3) The money is not in the box its in the dvd’s. At least no one is debating that this is booming.
… but please, continue to post sensationalizing stories to rile people.
Bevo,
Attendance in the theatrical business has basically been flat around 1.4 bn since 1980. Sometimes it goes up a little, sometimes it goes down. The MPAA publishes stats on their website. You can look it up.
Nikki,
Pardon my saying this, but the $10 BILLION in one year is a lot of bunk, trash, lying-with-statistics.
How about you measure the years in ADJUSTED DOLLARS? I bet that this year will NOT be the big money year that’s being touted.
And one other thing: If this is the BIGGEST year in Hollywood history….. then why did the studios fire/lay off So Many Workers? Was Paramount, Disney, Sony, Warners REALLY DOING THAT BADLY? Or were they not telling the truth about how badly the recession hit them? Someone’s fudging the data. And I don’t believe that $10 Billion any more than measuring the Top Ten grossing movies of all time – without measuring them in true, adjusted dollars. So $10 Billion? That’s $10 Billion BS.
Nikki, you ask why is most of Hollywood out of work? Well, compare Hollywood today with Hollywood 20 years ago. There are more movies with bigger budgets being released now, more networks on tv and cable, most of which are now producing their own shows and movies, content being produced and streamed over the web…THERE ARE MORE JOBS AVAILABLE TO ENTERTAINMENT PROFESSIONALS THAN EVER BEFORE so why is most of Hollywood out of work? Here’s what I think…
Tyler Perry tried Hollywood and was shot down so he took his business to Atlanta and made it big, now Tyler Perry operates his own studio and production company out of ATL and there goes thousande of jobs that couldve been in Hollywood. Tyler Perry has yet to produce ONE MOVIE using LA crews and so far he’s put out 10 freakin movies and two sitcoms with more to come.
A new paradigm is unfolding before our very eyes with entertainment professionals moving out of smelly congested disgusting Los Angeles to produce content.
Enjoy your union jobs, I hope they make 5 HUGE tentpoles a year over 30 smaller films.
Keep squeezing it! Soon 40% of you guys will be gone. Thank god…
Historically it’s said, that during war and economic crisis, that people are drawn to the theatre to disengage with their reality and find emotional relief in the magic of movies. If the studios continue to wine about not been able to make enough money under these conditions…well shame on them.