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Everything posted by LinksterAC
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Titanic is far from my favorite film, though I do think it’s fantastic. That said, I don’t think there’s any denying that it’s, to this point, the zenith of its medium globally. Comes close to equaling Star Wars in the West, but blows it away everywhere else.
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Imagine if this December 15-ish a movie opened domestically to a 60M weekend & didn't have a weekend below: 60M until mid-January 50M until mid-February 30M until the beginning of April For those few of us who tracked this stuff back in '97, it was absolutely unfathomable.
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That run was the Michael Jordan of box office runs. So far beyond its contemporaries in so many ways as to beggar belief. If you inflation-adjust that thing it's just ludicrous. As a grade school aged Star Wars fan in 97/98, I absolutely despised Titanic because of how categorically superior its BO was.
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Good post, though I'll make the following comment: I live & travel all over COVID hypochondriac USA (the USA West Coast) & I doubt it's even 10 to 15 percent at this point. If it is, it seems very possible to me it's comprised of people who probably were homebodies before COVID anyway. I doubt COVID *itself* is affecting moviegoing habits. That said, this doesn't mean habits didn't change during the pandemic for many. Along those lines, I do think that the rest of your post makes a lot of sense. I think there's a good chance that a strata of films (romcoms, character driven dramas) that people are less likely to go see in the movies now due to the reasoning you illustrate. But for other films (tentpole spectacles, kid's films), that reasoning seems considerably less relevant, & I doubt there is a significant effect on moviegoing habits.
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I have doubts the NFL playoff games really do have a marginal effect vs the regular season until the Super Bowl, but I honestly haven’t researched it too deeply. Yes, they get insane viewership numbers, but there’s also very few of them & zero college games, so I wonder how much of that is just moving the same eyeballs from a vast array of games to a handful of games instead.
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I think that there is *some* evidence of it snapping back: namely, when a must-see movie hits, people still go out at pre-pandemic rates (NWH, TGM). (Again, with the exception of China). And A2 qualifies as one of those films. For me, that makes it hard to argue that A2 is functioning with this particular handicap. Though the other types of films you mentioned may be. I haven’t really looked into them.
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One thing to remember is that 2009 was almost ideal for A1. Peak globalization in terms of the general economy, slow economy (thus, increased moviegoing), & absolutely killer FOREX in dollar terms. (The Forex thing totally bothers me when comparing WW runs for films, because it really can give a film a 20% boost over another for no reason other than an accounting decisions). All that said, A2 is having a phenomenal, leggy run & because of that, I’m not convinced A3 & A4 will perform worse. In many ways, the public is reacquainting with this franchise after a 13 year absence, & I think that could lower the ceiling on this run. But it’s being very well received & will act as recent advertising for A3 in a couple years. Do you remember what happened with the LOTR movies?
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No, we don’t don’t know that behavior has permanently changed in a way that’s detrimental to any given movie. By your reasoning, TGM & NWH should have had even bigger runs, & frankly, I don’t see solid ground for that argument. IOW, people being more used to streaming in general doesn’t mean that Movie A would have done better in 2019 than in 2022. In fact, on the contrary, it seems like the biggest blockbusters are just as big (if not bigger) than ever. Edit: The exception here is China, of course, where there are still policies in place that reduce the consumption of movies at the cinema.
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I’m not about to say that’s impossible. I certainly think it’s a *possibility*, but I’m also not going to take it for granted like you are. Seems also possible to me that China would have ended up being as little 1.5X the rate it’s running now. Mainly because China is trying its post-2020 darndest to reopen right now.