3/29/2024 0 Comments Movie production companies 90s![]() Last year’s best picture winner, “Coda,” cost $10 million, while 2021’s winner, “Nomadland,” cost $5 million. The Academy still prefers historical and social issue dramas over Marvel and DC movies, but today’s Oscar darlings must manage with smaller budgets. The top box office performers included “Spiderman 3,” “Shrek the Third,” “Transformers,” “Pirates of the Caribbean: At World’s End,” and “Harry Potter and the Order of the Phoenix.” Hollywood knew its moneymakers, but they weren’t the only movies getting theatrical releases. Before streaming disrupted entertainment, movies in the $15 to $70 million range showcased creative experimentation. Four of the best picture nominees fell into the mid-budget category-“No Country for Old Men” ($25 million), “Atonement” ($30 million), “There Will Be Blood” ($25 million), and “Michael Clayton” ($21 million). The industry was starkly different in 2007. Quite simply, the studios understand that spending money makes money, and mid-budget films don’t fit into this equation. Film researcher Stephen Follows found that a film’s budget has a strong correlation (0.744 Pearson correlation, for you statistical nerds) to its projected gross return. In 1990, the inflation-adjusted average production budget of the top-20 grossing films was $63 million, but in 2019 it ballooned to $141 million. The formula proves true-mass-marketed movies sell, and “Black Panther: Wakanda Forever” will presumably surpass “Top Gun’s” $1.4 billion gross after its November release. A smashing success, “Top Gun” won the approval of everyone from the high-minded film snobs to the thrill-seeking casuals, proving that cinema still holds a place in today’s streaming society.Ģ022’s other top films include two superhero sequels (“Doctor Strange in the Multiverse of Madness” and “Thor: Love and Thunder”), a science fiction blockbuster (“Jurassic World”), and a reimagining of a hero’s origin (“The Batman”). ![]() With an established brand from the original 1986 film, Paramount Pictures flanked original Maverick Tom Cruise with a star from his generation (Val Kilmer), a TV star who’s made the foray into movies (Jon Hamm), a prolific actor who’s not as famous as his talent would suggest (Miles Teller), and a longtime Hollywood stalwart (Ed Harris). Since its release, “Top Gun: Maverick” has made $1.4 billion (and counting) on a $170 million budget. However, 2022 strayed from the norm, focusing on air force pilots over comic book legends. ![]() Marvel and DC dominate today’s film landscape (courtesy ) Other films such as 2016’s “Suicide Squad” ($175 million budget, $745 million gross), 2017’s “Wonder Woman” ($149 million budget, $822 million gross), and 2018’s “Aquaman” ($160 million budget, $1.1 billion gross) proved that superheroes lead to super profits. ![]() Money talks, and the MCU’s success told Hollywood that superheroes sell.Īlthough DC Comics achieved box office prosperity and critical acclaim for their “Batman” and “Superman” franchises in the 80s and 90s, 2008’s “The Dark Knight” reached a new stratosphere of success, generating over a billion dollars on a $285 million budget and receiving eight academy award nominations. While “Thor,” “Captain America,” “Guardians of the Galaxy,” and “Spiderman” all had similar financial success, 2019’s “Avengers: Endgame” made $2.7 billion on a $356 million budget, the second-highest (inflation-adjusted) grossing film of all time. Following the release of “Iron Man” in 2008, the Marvel Cinematic Universe saw $585 million from a $140 million budget. Due to competition with today’s countless entertainment options - streaming services and social media platforms in particular - studios know a film must have a buzz to bring the bodies to the theater, which comic book movies typically do. This “go-big-or-go-home,” “swing-for-the-fences” proposition involves pouring hundreds of millions of dollars into advanced cinematography and long-term promotional campaigns.Īs the movie-going experience adapts to our viewing pleasures, studios have taken note, opting to produce higher-cost, higher-revenue films over less costly, less revenue-generating productions. In our current film landscape, superhero blockbusters get pumped out like clockwork while films with medium-sized budgets serve as a relic of the pre-internet age. Bonus points if the protagonist comes from a famous franchise or you can remake a classic, then the chances of getting money increase. Trying to get a movie financed in 2022? Good luck unless you can produce the next blockbuster fantasy flick or adventure saga. ![]()
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