Top 10 Box Office Winners, International Markets and the Indies
This top 10 list is Hollywood 100%. The major studios constitute a completely different business from the indies. They can carry on business as usual, luxuriating in the ease of releasing without sweating too much over originality or innovation. They are expanding with their big budget films into the realms of transmedia to brand their films across toys, games, webisodes, telecom shorts, clothing, TV series, etc. They own real estate and the means of distribution if not of production. The reason they are mentioned here be me at IndieWIRE is that their presence determines the world market on many levels. On the face of it, there is no relationship, especially moneywise, between the uber wealthy majors and the hungry struggling independents. But the pie is shared even with the runts and this article explores how the majors’ shares impact upon the indies of the world.
The international theatrical revenues of major studio films and indies are worth looking at because the majors’ presence abroad—as at home—inevitably impacts worldwide film distribution for all films. Most obvious is that their mega releases reduce the number of screens available to the indies. Theaters are recognizing that this may not be in their best interest. Megaplexas are increasingly reserving one or two screening rooms for the indies and arthouses, at least in the U.S. are holding convergence discussions. But that is another story taking place on a different front.
Latin American cinema (subsidized by their countries) is now gaining subsidy money for international co production and distribution from Europe as well. The need to pay back investors is less important than it is to their U.S. indie filmmaker colleagues.
Read the rest of the entry at Indiewire