Saturday, March 06, 2010
The money behind making movies
Marketplace From American Public Media: "The Academy Awards, as you probably know, are Sunday. There are 10 movies up for Best Picture. And come Monday morning, there is going to be much crowing and advertising by the studio that produced the winner. But, y'know what? Oscars aren't everything. When Hollywood gets right down to it, money is. And while there is a certain clarity to the Academy Awards, a win is, after all, a win. There is nothing so clear cut about the economics of making movies."
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This article barely begins to touch on the economics of movies. It give me just enough of a hint to want to read this gentleman's book however. It seems to be a confusing business, but from what this article states it makes sense. I can see how many studios are going to have trouble surviving as our technology continues to grow. People are no longer going to want to invest lots of money in a movie that will not show any results for a year or more. People are less willing to believe it will take that long. Independents are really in trouble even more with this model- as they cannot rely on previous films to support their quest for money. All in all, a very volatile business.
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