Business Services Industry
Hollywood Prepares a Big-budget Summer
Journal Record, The (Oklahoma City), May 6, 1995 by Bob Strauss
Bob Strauss
Los Angeles Daily News
LOS ANGELES _ The stakes are higher than ever in this year's summer movie game. After making a record $2.2 billion last summer, Hollywood is spending even more money than usual in the hopes of winning large.
Six of this summer's biggest pictures _ paced by the most expensive movie ever, the reportedly $175 million "Waterworld" _ are estimated to have cost more than $70 million apiece. And that's not counting the huge advertising budgets of $20 million to $25 million films such as "Batman Forever," "Judge Dredd," "Die Hard With a Vengeance," "First Knight" and "Braveheart" require just to find the audiences they need to break even.
Another seven summer films are estimated to have cost between $50 million and $70 million, and there's a bunch more in the $40 million to $50 million range _ which, only a few years ago, was considered high-end territory for a summer blockbuster.
There are several reasons for this massive outlay. Summer, of course, is the movie business' biggest season; a good 40 percent of any year's tickets are sold between mid-May and the Labor Day holiday. Coming off of the slowest (although consistently improving) winter session in five years, there's anxiety to get some moneymakers into the marketplace at any cost.
Studios are also operating on the expanding summer audience theory. Which is understandable, since last time around two pictures that ultimately grossed more than $300 million each _ "Forrest Gump" and "The Lion King" _ led the pack to last year's record.
Depending on who you talk to, summer '95 is either poised to beat that record or shouldn't even attempt to. Regardless of their perspectives on that, most industry types agree that it's going to be a very, very successful season.
"Absolutely, I think we'll beat 1994," said Christopher Borde, motion picture analyst for the industry research firm Paul Kagan and Associates. "We definitely have the movies to support that kind of business. More than anything, you're throwing such large amounts of quality products in people's faces that they just can't resist.
"There are some shoo-ins," Borde added. "You know `Batman Forever,' `Pocahontas' and `Die Hard' are going to do so much business. But I really want to see `Apollo 13,' `Braveheart,' `Crimson Tide,' `Judge Dredd' and a lot of other titles as well."
"It's going to be a good summer but not a record summer," countered John Krier, president of the box-office analysis outfit Exhibitor Relations. "That's due to the fact that two films last year made the top four box-office rank of all time. No picture on the horizon (for this summer) would seem to equal `Forrest Gump' and `The Lion King.'
"Then again, we may get some surprises," Krier added. "After all, last year at this time you would have picked `Lion King' as a major hit, but you wouldn't have picked `Forrest Gump.' There are a lot of good pictures out there. Who knows?"
Sight-unseen handicappers around Hollywood have predicted "Batman Forever" as the likeliest big hit, what with its combination of a new director-star team ("The Client's" Joel Schumacher and "Tombstone's" Val Kilmer), the sofar-unbeatable Jim Carrey sharing villain duties with Tommy Lee Jones, and the increasingly hot Chris O'Donnell ("Circle of Friends") introducing Bat-sidekick Robin to the movie franchise.
"It's definitely a lighter Batman," said Rob Friedman, president of worldwide theatrical advertising and publicity for Warner Bros., whish got some flak from viewers and promotion partners for the dark nature of the previous, Tim Burton-directed Bat-sequel. "Our main agenda in the marketing of this movie is to illustrate that the movie is lighter and brighter."
Warner is actually the first studio to count heavily on sequels in several summers _ its also got "Under Siege" and "Free Willy" follow-ups on the schedule _ although it's balancing them with such potentially powerful, all-new fare as the romantic "Bridges of Madison County," starring Meryl Streep and Clint Eastwood, and ultramodel Cindy Crawford's action-packed movie debut, "Fair Game."
Other studios have their own events in place. Disney is arguably taking the largest franchise risk with "Pocahontas"; its first animated musical based on a true story and reportedly sporting a less-than-happy ending. And even though Disney animated spectaculars have been topping each other at the box office since "The Little Mermaid," no reasonable person expects anything to beat "The Lion King."
Then again, "To try to predict what these movies are going to do would not be doing them a service," explained Richard Cook, president of Disney's distribution arm, Buena Vista Pictures. "From `Little Mermaid' on, we've never dreamed that their popularity could be so great. `Pocahontas' is in that ballpark. We could not be more proud and happy with it. How well it will do in regard to the other animated features... I'm sure the public will let us know."
Most Recent Business Articles
- How do I determine my retainer fee?
- Why fly solo when an executive assistant can accelerate your CLNC® business?
- The CLNC® mentors held the key to my first case and to my CLNC® success
- Atlanta CLNC® 6-day certification seminar photo galleryplus sign up today for spring 2009 to save $100.00
- Speak to a full-time practicing CLNC® consultant
Most Recent Business Publications
Most Popular Business Articles
- Using object-oriented analysis and design over traditional structured analysis and design
- Big Fish Games Migrates Upstream to Fisher Plaza; High Growth Online Gaming Firm Vaults Fisher Plaza Occupancy Rate Above 90%
- Top of the line: some of the world's most well-respected doctors practice in South Florida. A guide to choosing the best physician specialists - Top Doctors in South Florida
- Sand filter basics: high-rate sand filters can be confusing for those new to the business. Understanding valve modes is the key
- BEHR Paints Introduces a Colorful New Way to Paint and Prime All in One with BEHR Premium Plus Ultra™ Interior
Most Popular Business Publications
Content provided in partnership with http://findarticles.com/source//

