math in the news: issue 111--summer blockbusters
TRANSCRIPT
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Summer: The Season of Blockbusters
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What you will learn
• Summary• In this issue of Math in the News we look at the
statistics behind summer blockbusters• Solve gross cost/profit problems• Analyze data in graphical form
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What Is a Blockbuster?
• With movies, a blockbuster is a film that draws huge audiences and makes lots of money.• Summer has become the season where BIG
movies are anticipated and released for hordes of moviegoers to see.
Source: http://www.history.com/topics/black-history/muhammad-ali
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A Brief History
Get a brief history of movie blockbusters with this video. (Note: The video is preceded by a short ad.)
• Yahoo News Storyhttps://www.yahoo.com/news/the-summer-blockbuster-explained-katie-couric-001218030.html?ref=gs
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What Makes Summer A Good Time for Movies?
• School is out, so theaters can count on bigger audiences.• Families need something to do with their free time. • It is an affordable outing. • Movies are good for all ages. • Summer is HOT.
Source: http://www.investopedia.com/articles/investing/092414/what-drives-summer-blockbuster-movie-profits.asp; https://www.artinstitutes.edu/blog/the-science-of-summer-blockbusters
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Summer Compared to Other Season
A comparison of earnings between summer and fall shows the success of summer movies.
Source: http://www.boxofficemojo.com/seasonal/?chart=byseason&season=Fall&view=releasedate
2011 2012 2013 2014 2015$0.00
$1,000.00
$2,000.00
$3,000.00
$4,000.00
$5,000.00
$6,000.00
Total Gross Earnings of Movies by Season
Summer Fall
Gros
s Ea
rnin
g in
Mill
ions
($)
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The Movie Industry Has Caught On…
Hollywood production companies know that several qualities make for a blockbuster.
Source: http://www.investopedia.com/articles/investing/092414/what-drives-summer-blockbuster-movie-profits.asp; https://www.artinstitutes.edu/blog/the-science-of-summer-blockbusters
Family Friendly
Recognizable Stars
Big Special Effects BLOCKBUSTER
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Past BlockbustersDo past blockbusters fit the bill?…..These do! What other summer movies fit the equation?
Source: http://www.investopedia.com/articles/investing/092414/what-drives-summer-blockbuster-movie-profits.asp; https://www.artinstitutes.edu/blog/the-science-of-summer-blockbusters
Family Friendly
Recognizable Stars
Big Special Effects HUNGER
GAMES
SPIDERMAN
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Follow the Money
• Most important for production companies is the fact that these big summer movies tend to bring in big bucks. In fact, they bank on it.
• Blockbusters are costly to produce. • Budget: the amount of money it takes to produce a film.• Gross earnings: The amount of money the film brought in• Profit: Gross Earnings – Budget
• The goal of a blockbuster is to make a BIG profit.
Sourcehttp://www.gq.com/story/manny-pacquiao-boxer; http://www.pinoygreats.com/
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Profit AnalysisLets take a look at one of the Summer blockbusters and see how it
did. (Source: http://www.the-numbers.com/movie/budgets/all )
Source: http://www.the-numbers.com/movie/budgets/all
• WHAT WAS THE PROFIT OF AVATAR?
Budget in Millions Gross Earnings in Millions
Profit in Millions
$425 $760.5 $?
Avatar Profit Analysis
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PROFIT ANALYSIS
Profit = Gross Earnings – Budget
Source: http://www.the-numbers.com/movie/budgets/all
Problem: Avatar Profit?
Solution: Gross Domestic Earnings (millions): $760.5Budget: $425
Profit = 760.5 – 425
335.5 = 760.5 – 425
Avatar Profit = $335.5
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Summary
• This graph summarizes the relationship between profit and budget for the movie.
• Do you think this is typical of most blockbuster movies?
• What would it mean for the green section to be greater than 50%?
$335.50
Avatar
Budget in Millions Profit in Millions
$425
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Now It’s Your Turn• Analyze a blockbuster: • Pick one of your favorite blockbusters from the last few summers. • Visit http://www.the-numbers.com/movie/budgets/all . • Search your movie in the search box. • Or use the data from the next slide.• Look at the gross earnings and the budget, and create a pie chart
to show the profit.
Source: http://www.the-numbers.com/movie/budgets/all
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Box Office Data
Source: http://www.the-numbers.com/movie/budgets/all