- Does Obama blueprint reduce budget deficit fast enough? (+video)
- Whitney Houston: a singing sensation silenced too soon
- Pentagon budget: Does it pit active-duty forces against retirees?
- Could Mitt Romney lose to Rick Santorum in Michigan? (+video)
- More than 30,000 Germans turn out against anti-piracy treaty ACTA
Summer movies melt faster than ice cream
Even though more people say there's nothing to see, Hollywood is making more money than ever.
This summer, movies have the life cycle of a flare. They open spectacularly, setting all sorts of arcane records ("best nonholiday opening for an 'R' comedy ever!"). The next week, they fizzle just as dramatically, as audiences line up for next "big event."
This trend is not so much the result of fickle audiences as a marketing strategy that floods a film onto more than 3,000 screens the first weekend, so that a studio can make lots of money before poor word of mouth and bad reviews scare moviegoers away. The result is that theater marquees are changing faster than airport-departure monitors.
More important, it's set up an unusual cultural dichotomy: More people say there's nothing they want to see, but Hollywood is making more money than ever. In fact, this weekend it expects to break the summer box-office record of $3 billion.
"A few years ago, a film would open and get sold out, and people would have to come back on the second and third weekend. Nowadays, with so many theaters and so many screens, anybody who wants a ticket on opening weekend can get in," says boxofficeguru.com analyst Gitesh Pandya. "They're opening bigger than ever, but now they're falling bigger than ever."
For studios, the "far-and-wide" release approach makes economic sense. Not only are they able to rake in more cash up front, but many contractual arrangements with theater owners allot them a larger percentage of first-week profits than in subsequent weeks of release.
With record receipts, you'd think there would be record customer satisfaction. "I don't think there was a single, what I would call 'classic,' summer film that came out this year," says Harry Knowles of the movie site aintitcoolnews.com. "This was a moviegoing summer where the moviegoers continued to go in the hopes of trying to find something great [and] never really [found] it."
Take dotcom executive Kevin Plunkett. "To be honest, this is probably the first year I've not seen a ton of movies in the summertime," he says on his way to see "American Pie 2" at Boston's Fenway 13. "There isn't enough out there that you're really dying to see," chips in his blond companion, Donna Tracy.
With more people seeing the same movie at once, poor word of mouth has spread faster. Overall attendance figures this summer are at their lowest in five years, according to Variety magazine. That's not reflected in theater receipts, because the price of tickets are as high as $10 in some cities.
One reason Hollywood has so successfully implemented the "front-loading" strategy is the multiplex building boom of the late 1990s, when hundreds of screens went up from Bismarck, N.D., to Boca Raton, Fla.
Page: 1 | 2 



