Motion Picture Industry “Descriptive statistics lays the foundation for all statistical knowledge, but it is not something that you should learn simply so you can use it in the distant future, it will be used now” (Hill, n.d., para. 5). Gaining an understanding of the most basic form of statistics is crucial, some of the topics that we will focus on are the measures of location, range, quartiles, standard deviation, outliers, and correlation coefficient. Taking into consideration the movie industry and data collected for a sample of 100 motion pictures produced in 20XX the goal is to build a report that contains a 5-number summary for total gross, opening gross, weeks, and theatres for individual motion pictures and provide analysis of what the descriptive statistics tell us about the industry. Determine if there are any high performance outliers in any of the four categories, based on the findings describe what method was used and category that the outlier pertains to. Finally use the correlation coefficient to show the relationship between total gross sales and each of the other three variables and present an explanation of the relationship. Descriptive Statistics “Measures of location try to capture with a single number what is typical of the data, what single number is most representative of an entire list of numbers” (Stark, 2013, para. 2). In order to help understand the large amount of data presented in the motion picture industry a summary of each of the four categories will be presented, along with an explanation of what the data informs us about within the industry. The variable of total gross sales shows how much a particular movie earned in total. The 5-number summary and the central location that were calculated b... ... middle of paper ... ...ut it is not as strong as the linear relationship between theatres and total gross. Finally, the relationship between opening gross and total gross is a very strong linear relationship based on the diagram and the correlation coefficient of .92 as this is very close to a perfect linear relationship which occurs at 1. In the real world application this means if the opening gross of a movie is high the total gross of the movie will also be high. References Anderson, D.R., Sweeney, D.J., & Williams, T.A. (2012). Essentials of statistics for business and economics. (6th e.d. Revised). South-Western Cengage Learning Hill, J. (n.d.) Introduction to descriptive statistics. Retrieved from www.mste.illinois.edu/hill/ Dstat/dstat.html Stark, P.B. (2013). Measures of Location and Spread. Retreived from www.stat.berkeley.edu/~ stark/SticiGui/Text/location.htm
Movies today are extremely expensive to make and are typically financed through either film studio contracts or from investors willing to take a risk. In order to be successful, movies need to be marketed and distributed either under contract by the film studios or by companies that specialize in such services. The aspects of financing, marketing and distribution of films have changed between the studio and independent systems over the years as the evolution of the film industry took place.
Describe some ways in which business values and artistic values in Hollywood contend with one another.
When Blockbuster finally realized they needed to modernize operations and change with an ever developing industry they were unable to because of their enormous debt and negative cash flow. Senior management failed to see how advances in technology would lead to changes in how consumers rent and purchase movies. During Blockbuster’s prime they squandered their earnings on bonuses and lavish meetings. Their arrogance led them to feel invincible and that no one could ever catch them. Blockbuster management, in the end, failed to see the need to evolve to meet their customer’s needs while other companies rushed to fill this void.
In Hollywood today, most films can be categorized according to the genre system. There are action films, horror flicks, Westerns, comedies and the likes. On a broader scope, films are often separated into two categories: Hollywood films, and independent or foreign ‘art house’ films. Yet, this outlook, albeit superficial, was how many viewed films. Celebrity-packed blockbusters filled with action and drama, with the use of seamless top-of-the-line digital editing and special effects were considered ‘Hollywood films’. Films where unconventional themes like existentialism or paranoia, often with excessive violence or sex or a combination of both, with obvious attempts to displace its audiences from the film were often attributed with the generic label of ‘foreign’ or ‘art house’ cinema.
In Conclusion, the SWOT analysis shows that Redbox has many strengths to be profitable and has the potential for future growth in the industry. The DVD movie rental industry is still s...
Barsam, R. M., Monahan, D., & Gocsik, K. M. (2012). Looking at movies: an introduction to film (4th ed.). New York: W.W. Norton & Co..
Over the years, Bollywood has emerged as its own distinct identity in the global film industry. Bollywood is the global leader in production of movies with a staggering 27,000 featured films and thousands of short films. (Pillania 1) However, Hollywood is still the leader in revenue generated. Due to the growth of the Indian market and globalization, Bollywood has made its way to the international markets.
Socially educated parents are more likely to make decisions based on updated information, whereas parents, who lack higher education or have less education, make decisions without getting the background information. Demand for movies could be dependent on this factor. Also, people who have a more prestigious job reputation or social reputation can influence demand. These people carry this prestige because of the ways that society views their characteristics either as a group or as an individual. People that own homes may be more likely to attend movies rather than renters. In Canada, the population is aging. The age for the average movie-goer is increasing.
Measuring the success of a film can be an incredibly subjective endeavor. However, analyzing a film’s ROI, or return on investment, can provide insight on how profitable a movie is. Horror films are the most
Best known for his unique and non-linear style and to many people as the best director of the past decade, Christopher Jonathan James Nolan or just simply Christopher Nolan, is one of the most talented and influential film directors and screenwriters of our time. He, like most directors have never studied film and is a self-taught filmmaker. In this essay I am going to write about his early life and how he got into filmmaking. His early career and his rise to fame with Batman movies, his personal life and the influences he have had on the film industry which makes him one of the best directors of all time and my personal favorite.
The film industry has always been somewhat of a dichotomy. Grounded firmly in both the worlds of art and business the balance of artistic expression and commercialization has been an issue throughout the history of filmmaking. The distinction of these two differing goals and the fact that neither has truly won out over the other in the span of the industry's existence, demonstrates a lot of information about the nature of capitalism.
...rding to the US Economic Census, motion picture and video production in the United States as a whole generated revenues of $20.15 billion in 1997, with Hollywood alone being responsible for close to 60% of this total.” (US Census) Hollywood’s success has come with no great competition to push for more, and with the emergence of film globalization, it should be very interesting going forth seeing if they can maintain the ideal motion picture headquarters. Its unique pool of talent drawn from many different countries cultural impact of Hollywood films is now felt in all parts of the world.
April 2007. Opposing Viewpoints. . Motion Picture Association of America. Motion Picture Association of America. 2011. .
Many people don’t think about it so much, but movies (or just film in general) have become such a big part of our lives that we don’t think much of it because it just feels like a usual part of living. But have you ever wondered why this is, and how far back film started? Movies and film have been around for a long time, have developed in big ways throughout time, and has advanced in such a big and new way to this day.
Maria G Mackavey. Journal of American Academy of Business, Cambridge. Hollywood: Sep 2006. Vol 9 iss; pg244 6pgs