2007 roundup: US down, the rest up

May 4th, 2008 at 7:05 pm

2007 cinema dvd numbers

The focus is shifting. Export is becoming more and more important for the entertainment industry. And while the US might be still ahead, more and more countries are developing wealthy consumers who are ready to take over.

We saw it already with movies like ‘10,000 B.C.’ and ‘The Kingdom of Heaven.’ The last made just $47 million domestically, a flop compared to its $130 million budget. But if you take into account the $164 million it made overseas, it didn’t do that bad after all.

We see the same for 2007, looking at the totals for rental dollars from movie theaters, TV fees and VHS/DVD receipts. The US ended with a negative balance of -8%, not able to grow in any way. The international markets however, were up 9%, making up for the loss in the US.

Home video sales in the US took an even worse beating, down 17% from 2006. This, while international sales were up 5%.

If this trend continues, Hollywood has to let go of the US as its main market. Simultaneous releases into their main worldwide territories would have to become a priority. Not just for some movies, like it is now, but for all movies. We already saw how Sony locked up Jeff Blake, who’s responsible for global distribution at Sony. And I wouldn’t expect it to end there. Hollywood is getting ready to become Hollyworld.

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3-D movies not a fad after all?

April 8th, 2008 at 12:15 pm

Who would have called it. After more than a decade of trying to get us into 3-D, Disney finally managed to make a little impact with the new Miley Cyrus movie. Making an impressive $45,000 per screen, it even got the studios talking with 3-D production houses. “Six months ago none of the studios would talk to us,” says Sandy Climan, CEO of 3Ality Digital.

Since the coming of digital film, the process of making a 3-D movie has gotten easier. In the next two years, another 20 3-D movies will see the light of day.

It seems everybody is getting ready, from production to theater. I don’t know about it being the “single most revolutionary change since color pictures,” but at least some people don’t mind paying the premium $15-$24 for a ticket.

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