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Author
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Topic: Studios worried About Box Office Slowdown
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Mark Gulbrandsen
Resident Trollmaster
Posts: 16657
From: Music City
Registered: Jun 99
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posted 08-12-2005 08:25 AM
Link to Article
Talk of movie slump dominates Hollywood's summer By Bob Tourtellotte Thu Aug 11, 3:23 PM ET
LOS ANGELES (Reuters) - A bumpy ride at the summer box office and signs that booming DVD sales may be slowing have Hollywood studios looking for new ways to win fans as the movie industry faces increased competition. But studio executives say the key to recapturing audiences is to make better films -- an age-old answer in Hollywood -- and industry watchers are divided over whether film and DVD markets truly are weakening.
"If you believe all the press reports, we are in the middle of Armageddon with box office erosion," said Peter Chernin, president of News Corp., parent of the Twentieth Century Fox film studio. "I believe that is a definite overreaction."
Movie studios and theater owners have had a rough summer, which is a problem since the season makes up nearly 40 percent of annual movie ticket sales.
By September's Labor Day holiday in the United States, the box office is expected to be down 7 to 12 percent after films such like "The Island" and "Stealth" failed to connect with audiences.
Tracking service Exhibitor Relations sees ticket sales at around $3.7 billion for the season, about 7 percent below 2004's $3.96 billion, marking the worst summer since 2001.
Admissions, or the number of people attending movies, are seen down 9 percent at 578 million for the worst year since 1999.
But Exhibitor Relations President Paul Dergarabedian admitted his figures were optimistic. By contrast, Boxofficemojo President Brandon Gray figures summer box office will be off 12 percent.
Others are quick to point out that a strong line-up of fall movies could still rescue the year. "I think fall is going to be exceptional this year, financially," said David Poland at the Web site, Movie City News, citing upcoming films like November's " Harry Potter and the Goblet of Fire."
MAKE BETTER MOVIES
Industry watchers cite many reasons for weaker ticket sales -- competition from video games, the narrowing of time between a film playing in theaters and on DVD, and Internet piracy -- but the one factor that seems to outweigh all the others is that some of this summer's films lack a fresh appeal.
"We can all try to blame the closing window of DVD and all that, but you see the movies that are really distinctive still going out and doing really well," said Mark Gill, president of Warner Independent Pictures, which released surprise summer hit nature documentary "March of the Penguins."
Films like "Batman Begins" and "Charlie and the Chocolate Factory" were often mentioned as two films that won fans with fresh takes on tried-and-true Hollywood formulas.
Roger Birnbaum, co-founder of Spyglass Entertainment which had modest spring success, "The Hitchhiker's Guide to the Galaxy" said some summer releases were "a little tired."
Birnbaum said Spyglass, which is behind fall films "Memoirs of a Geisha" and "The Legend of Zorro," will not change the way it develops or makes movies just because of one bumpy summer.
In recent years, difficult times at box offices would be offset by the booming DVD market where studios would recoup their investment and profit from films. But there are signs that DVD growth may be slowing, too.
Earlier this week, Bob Iger, the incoming chief executive of The Walt Disney Co, said industrywide DVD sales were about the same this summer as last. But because the number of homes owning DVD players had risen, the average number of sales per home had fallen, he said.
"One thing is clear, consumer choice is increasing, making quality ... content more important than ever," he said.
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Michael Schaffer
"Where is the Boardwalk Hotel?"
Posts: 4143
From: Boston, MA
Registered: Apr 2002
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posted 08-12-2005 10:56 PM
quote: Thomas Dieter I keep hearing how Episode I was the worst of the new trilogy, yet it did more than all of them.
That's because it had the element of surprise. Many, including myself, would not have imagined in their worst dreams that it would be that bad, and once seen, it was just very hard to cope with the fact that it was actually worse. I remember rewatching the movie myself 2-3 times, unable to believe what I saw, looking for something to like. When "Episode II" came out, I watched the first 45 minutes or so, then was called out of the theater (it was during the opening week of a new location) because of some technical problem in another auditorium, and never bothered to watch the rest. I actually watched "Episode III" 3 times because we showed it in digital and I had to QC the installation and the downloads. I am still thinking about sueing for emotional damage.
Yes, MAKE BETTER MOVIES, then they will come again.
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