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Old June 14 2013, 06:03 AM   #11
Harvey
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Re: Spielberg Predicts 'Implosion' of Film Industry

Oh, yeah. The deal probably only covers domestic territories (i.e. the United States and Canada). Sorry for being a bit Amero-centric, but hey, it's the American way?

Soderbergh addressed why the movie premiered on television stateside, rather than in theatres, in a recent talk:

So then thereís the expense of putting a movie out, which is a big problem. Point of entry for a mainstream, wide-release movie: $30 million. Thatís where you start. Now you add another 30 for overseas. Now youíve got to remember, the exhibitors pay half of the gross, so to make that 60 back you need to gross 120. So you donít even know what your movie is yet, and youíre already looking at 120. That ended up being part of the reason why the Liberace movie didnít happen at a studio. We only needed $5 million from a domestic partner, but when you add the cost of putting a movie out, now youíve got to gross $75 million to get that 35 back, and the feeling amongst the studios was that this material was too ďspecialĒ to gross $70 million. So the obstacle here isnít just that special subject matter, but that nobody has figured out how to reduce the cost of putting a movie out. There have been some attempts to analyze it, but one of the mysteries is that this analysis doesnít really reveal any kind of linear predictive behavior, itís still mysterious the process whereby people decide if theyíre either going to go to a movie or not go to a movie. Sometimes you donít even know how you reach them. Like on Magic Mike for instance, the movie opened to $38 million, and the tracking said we were going to open to 19. So the tracking was 100% wrong. Itís really nice when the surprise goes in that direction, but itís hard not to sit there and go how did we miss that? If this is our tracking, how do you miss by that much?
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