$400million...
So the movie is just about to break through the $400million barrier, hoping that will be enough for Fox/Disney to continue with a sequel.
Quite liked it, just surprised its struggled to hit $400million.
I'm surprised it's made that much and I wonder how much of the Chinese Box Office makes it back to the States. I was not that impressed but I did want to see what happened next and who knows - perhaps they've already got some of the second movie shot?
shareThe studios typically take home about 25% of the Chinese box office.
shareThanks. So that would knock $98 million off the studio profits going by the figures on Box Office Mojo. But who knows how studio accounts would factor all these figures in to produce a bottom line - I'm guessing merchandise and games would form a significant part of the equation.
shareI'm not sure how accurate it is, but from what I've read the film needs somewhere between $400 and $450 million in global box office gross to break even. So it may be breaking even right about now or it may still be a little behind.
Hopefully the lower figure of $400 million is correct and the film is right at the break-even point. If so, then home video rentals and sales, TV rights, and any other merchandising revenue should push it into the profit zone.
If it happens to really find an audience on home video then we could see a sequel, though perhaps one that was shot on a lower budget. I hope so, because the story is not yet over.
It occurs to me that I don't know what the figures on Box Office Mojo are. If they are total box office and a smallish percentage goes to the producers then just about everyone is stuffed. But if the figures are the amounts paid to the producers then it looks more hopeful - and probably makes more sense?
shareBox Office Mojo only shows the raw gross from ticket sales. They have no idea exactly what is going into the studios' pockets.
If the producers were actually pocketing every penny that is shown on BOM then they'd already be well into the profit zone.
Bullshit! All foreign markets are 33%, but Disney is known to get more.
shareAs per Screenrant: https://screenrant.com/china-box-office-not-important-hollywood
"For most foreign territories, the studios only take home around 40% of the gross. . . . When it comes to China, however, the typical Hollywood studio only gets to bring home a shockingly low 25% of a film's gross, or half of what they bring make from American ticket sales."
And QUARTZ: https://qz.com/981277/the-fast-furious-franchise-is-huge-in-china-but-probably-isnt-making-much-money-there
"China sets strict annual quotas on the number of foreign 'imported' films screened in commercial movie theaters each year, and grants studios only 25% of the box-office revenue as their take, compared to the standard 50% in the US, and 40% in most other countries."
And while I can't find the article right now, I have seen Scott Mendelson of Forbes say the same thing.
Disney may occasionally make more on Star Wars, but I'm not sure they make more on every film that they--or their subsidiaries--release. Not only that, but Alita was the final release for Fox under the old ownership, not the first release under Disney.
Before calling "Bullshit!" next time, you may want to take the time to confirm what it is you think you know.
You are a LIAR Satan. I explained once and gave you many links and accounts of the Chinese government having a deal with the studios where they could release 34 films a year and get a 25% cut of the box office. IF they dont use a distributer where they would take less of that 25%. And the Chinese have been stealing the box office on the way out.
You chose to ignore my reply and not comment. You were stumped, now you are back with the same crap but adding more LIES.
You claim 33%? where are you getting this number from?
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Multiple multiple accounts that the takings are 25% with detailed explanations as to why.
https://chinafilminsider.com/box-office-revenue-china-works/
The average cost of a movie ticket in China currently approximates RMB 35 ($5.10), from which
RMB 3.3 ($0.48) is paid as a Value Added Tax (VAT)*
RMB 5 ($0.73) is apportioned to the National Special Funds for the Development of Film.
From the remaining RMB 26.7 ($3.89)
RMB 11.48 ($1.67), or 43% gets divided by the production/distribution companies, with the particular split determined according to their own agreement.
RMB 13.35 ($1.94), or 50% is kept by the individual cinema operator
RMB 1.87 ($0.27), or 7% will be passed on to the theater’s cinema circuit.
*In 2016, an incentive was added, stipulating that theaters which derive two-thirds of their annual revenue from domestic films only have to pay RMB 2.5 ($0.36) as Special Funds.
According to published reports, operating costs of a Chinese cinema are reckoned at roughly 10% for rent, 10% for labor costs, 7-8% energy costs, and 2-3% for marketing. Consequently, the net income from the purchase of an average RMB 35 ticket will be roughly RMB 9.34 ($1.36).
This model applies to domestic Chinese productions. Hollywood imports and Co-Productions are accorded their split (25% and 40%, respectively) from the full revenue, with the distributor and theaters subsequently dividing 91.7% of what’s left over.
About the author Jonathan Papish currently covers the Chinese film industry out of New York City, but previously spent 8 years working in China. Jonathan has been a social media and digital assistant for dGenerate Films, a distributor of Chinese contemporary independent cinema and, most recently, he covered the Chinese market for BoxOffice.com. Jonathan is also an audiovisual Mandarin to English translator and has subtitled several high-profile Mainland films and television programs.[/b]
https://qz.com/1016660/a-suspicious-hollywood-is-finally-auditing-box-office-sales-in-china/
https://www.caixinglobal.com/2019-01-02/another-record-year-for-chinas-box-office-101365697.html
https://variety.com/2017/film/box-office/china-box-office-audit-mpaa-get-tough-fraud-1202479488/
[b]Under the current agreement, signed in 2012, studios get 25% of gross ticket receipts, half of what theaters usually cough up in other major territories. The agreement also allows just 34 overseas releases to play in China each year, though that quota was exceeded last year. The agreement is due for renegotiation this year, and the studios will be seeking to sweeten the terms.[/b]
https://qz.com/981277/the-fast-furious-franchise-is-huge-in-china-but-probably-isnt-making-much-money-there/
https://www.scmp.com/news/china/diplomacy/article/2169837/china-quietly-opens-door-more-foreign-films
[b]Under the current deal, international studios receive 25 per cent of Chinese box office revenues (compared with around 40 per cent in other markets), with the rest going to local co-production studios, Chinese distributors and cinemas.
https://screenrant.com/china-box-office-not-important-hollywood/
https://www.forbes.com/sites/scottmendelson/2018/09/21/its-time-for-hollywood-to-kick-its-addiction-to-chinese-box-office/#5afb03b03301
Well done.
shareDon't know why I bothered, I showed him once and he ignored it then came back again as if he wasnt aware. All he had to do was use google, refused then I delivered it to him and he still ignored it.
Tells you something about him when its proven to him and he comes back a couple of days later pretending he is not aware of the truth.
Well if you look above you'll see I told him the same thing about Chinese box office after he challenged me. He didn't even bother to respond or say "my bad."
share