May 6, 2024

Hollywood Wants Numbers on the Digital Box Office

The business has long used box-office numbers, which are publicly sliced and diced ad infinitum. Similarly, disc sales and rentals for years have been monitored by the Rentrak data company and others.

But as consumers shift to new channels like Netflix and Amazon, there are no generally available industrywide data on the digital performance of individual movies.

While the studios get some information, it isn’t widely shared with filmmakers, agencies or the public — and those who hold the data have a distinct advantage when it comes to making deals or deciding which movies to back, or what to spend on them.

By and large, public reports of digital performance are currently limited to a handful of films, or they simply report rankings without numbers. As of Aug. 27, for instance, Rentrak’s public listing showed “The Great Gatsby” to be the top performing on-demand film as reported by its participating services, but it offered no stats.

In an address at the Toronto International Film Festival last Tuesday, Liesl Copland, a digital media expert from the William Morris Endeavor Entertainment agency, told a small group of documentary filmmakers about this large, if barely visible, problem.

Movies tumble into “analytic black holes” when they are viewed on subscription services like Netflix, on-demand providers like the cable companies and iTunes, or an advertising-driven distributor like SnagFilms, she said.

“Reporting hasn’t evolved with the rapidly increasing viewership patterns,” Ms. Copland noted. “There is still no uniform reporting system that aggregates all data on, say, a film or documentary across all of its platforms.”

This wasn’t some data lover’s plea for more, more, more. A former Netflix executive who now helps to package and sell films for one of Hollywood’s largest agencies, Ms. Copland comes to her topic with an insider’s sense of both the problems and the possibilities in movie data-sharing. In her current role, she desperately wants to know more about the digital audience, whose behavior is now crucial to structuring deals and advising clients as to whether a particular project will fly.

“Richer content and more engaged audiences” she posited, might result from access to shared data — and, of course, more deal-making leverage for agents.

Digital distributors, she pointed out, may know infinitely more about their customers than studios could glean from their box-office analytics, even when bolstered by focus groups, exit polls, prerelease tracking interviews and close monitoring of social media.

It is no trick for a subscription or on-demand movie service to figure out what you like, when you like to watch it, how much you’re willing to pay and even whether you are — i.e., sneaking a peak at a film or show, though you’ve promised to watch with a mate.

In making decisions about whether to back series like “House of Cards,” Ms. Copland reminded her listeners, Netflix relied heavily on its enormous bank of largely private information.

In truth, on-demand distributors share a great deal of data with the studios from which they’ve purchased films. For the last several years, moreover, the studios, large and small, have been sharing title-by-title information about digital downloads with one another via an arrangement with Rentrak, which collects the data and circulates it among roughly 170 entertainment company clients.

The studios also receive reports with some information on the streaming of individual titles from the NPD Group, another data company. But detailed streaming data are not routinely shared with filmmakers, agencies or news organizations.

Bruce Goerlich, Rentrak’s chief research officer, noted that the wall around digital performance information was simply an extension of confidentiality strictures that have long surrounded video performance numbers.

“Measurement can equal monetization can equal a fight,” he said of the entertainment industry’s tendency to conceal data.

Mr. Goerlich, who spoke by telephone last week, seconded what Ronald J. Sanders, the president of worldwide home entertainment distribution at Warner Brothers, had to say about the public availability of box-office numbers (which are also compiled under an industry arrangement with Rentrak, then distributed to the press and others), compared with the digital numbers.

Article source: http://www.nytimes.com/2013/09/16/business/media/movie-industry-wants-to-get-a-handle-on-the-digital-box-office.html?partner=rss&emc=rss

‘Great Gatsby’ Is Poised for a Strong Opening, No Thanks to Critics

LOS ANGELES — As very early box-office numbers for “The Great Gatsby” rolled in — a strong $3.25 million from the Thursday late-night shows, Warner Brothers said on Friday morning — it was already becoming clear that the audience has a mind of its own.

More than a few critics were rough on the film. (“There may be worse movies this summer than ‘The Great Gatsby,’ but there won’t be a more crushing disappointment,” wrote Peter Travers, who reviewed it for Rolling Stone.) But Friday morning found Hollywood’s box office watchers privately predicting opening weekend numbers even higher than the $40 million or so being publicly bandied about in various reports.

A $40 million opening would make it the best, by far, for Baz Luhrmann, who directed the film. According to boxofficemojo.com, his previous record was the $14.8 million in opening weekend ticket sales for “Australia,” which was released by 20th Century Fox in 2008. That film went on to take in about $50 million at the domestic box office, short of the ultimate receipts for “Moulin Rouge!,” which was directed by Mr. Luhrmann, and had $57.4 million in domestic ticket sales after its release in 2001.

Whatever the critics may think, it appears that “The Great Gatsby,” with a big boost from premium-prices 3-D ticket sales, is well on its way to becoming Mr. Luhrmann’s highest grossing film, even adjusting for inflation. According to Box Office Mojo, “Romeo + Juliet,” released in 1996, currently holds that honor. Adjusted to current prices, that film, which took in about $46 million at the time, would have had about $83 million in domestic sales.

But there are bigger things at stake here than Mr. Luhrmann’s career. Based on early ticket sales, the audience appears to be sending a message: It is hungry for spectacle, but it also wants something to talk about. “Iron Man 3” did great for Disney when it opened last weekend. But it isn’t the kind of movie that starts water-cooler arguments, expanding Hollywood’s usual audience with viewers who want to see something challenging, or just new. “Life of Pi” appears to have done that last year. To some extent, “Hugo” did it the year before.

Films of that sort don’t easily spawn sequels. Even Baz Luhrmann would be hard-pressed to design a “Gatsby 2.” But they do stir things up.

Article source: http://www.nytimes.com/2013/05/11/business/media/great-gatsby-is-poised-for-a-strong-opening-no-thanks-to-critics.html?partner=rss&emc=rss