Twelve US states have just ordered the new Paramount / Warner studio to release 30 films a year. I crunched the data on 170,279 films to see what happened to the middle they are trying to bring back
20 million is a mid budget! I don’t know any independent filmmakers who can raise that. It still seems there is a focus on Hollywood, (unless there are tons of indies doing 20mil movies.) I Propose there should be an industry centered on micro budgets below 5mil. Is that possible using union crews and talent?
Love that you use data and a rigorous analysis to test these claims. Studios seem to prefer putting all their chips on a few expensive big swings versus distributing it across a variety of budgeted films as they used to do, which is quite risky. But if the majors bring back the mid-budget movie, will audiences turn up to watch them? That's a question worth asking, especially if they're used to it turning up on streamers.
No, they are not true. Objectively and obviously, these claims are not true.
20 million is a mid budget! I don’t know any independent filmmakers who can raise that. It still seems there is a focus on Hollywood, (unless there are tons of indies doing 20mil movies.) I Propose there should be an industry centered on micro budgets below 5mil. Is that possible using union crews and talent?
Most expensive independent movie ever made, Valerian and the City of a Thousand Planets, with a budget of around $180million.
Compelling! Also, this trend might account for lower inclusion numbers on theatrically-released films and higher numbers on streamers.
So the answer is "not true."
Love that you use data and a rigorous analysis to test these claims. Studios seem to prefer putting all their chips on a few expensive big swings versus distributing it across a variety of budgeted films as they used to do, which is quite risky. But if the majors bring back the mid-budget movie, will audiences turn up to watch them? That's a question worth asking, especially if they're used to it turning up on streamers.