The Agency's Posts

Happy 4th of July Everyone !: Enjoy the long weekend & have a fantastic 4th everyone!
Read More>

Hero Rides Again, With Big Boots to Fill: Hero Rides Again, With Big Boots to Fill In ‘The Lone Ranger,’ Tonto Takes Center....
Read More>

Robert Plant: Ever forward, evermore: The former Led Zeppelin frontman is not content to hang out on memory lane. For a man whose....
Read More>

Review: NBC's 'Crossing Lines' shoots for global action: Fast-paced and entertaining, the new show lands in a variety of European locales in its pursuit of....
Read More>

'The Heat' gleefully plays with the buddy cop genre: "The Heat"has all the elements you'd expect from a buddy cop movie — the....
Read More>

Magnificent 'Wild Horses: Running horses and helicopter.Wild Horses, a film by Director Stephanie Martin and....
Read More>

'The Heat': Bullock, McCarthy 'like sisters' at N.Y. premiere: NEW YORK — While promoting a film, most actors wax poetic about how fantastic their....
Read More>

Review: 'Under the Dome' seems in a rush to tell a good story: The CBS adaptation of Stephen King's tale of a small town mysteriously trapped looks promising,....
Read More>

'World War Z' gets a rise from the undead: With a manic energy (those zombies) and a charismatic leading man (Brad Pitt), the smartly done....
Read More>

Howard Stern has tough 'Tonight Show' advice for Jimmy Fallon: Never one to mince words,Howard Sternhad some tough advice forJimmy Fallonabout the latter's....
Read More>

3 Helpful Tips to Eliminate Nerves On an Audition!: by Gwen Alyssa Do you ever feel those sweaty palms coming on or notice your hands start to shake....
Read More>

Melissa McCarthy Goes Over the Top: Rising celebrity means she can have roles rewritten for her; and it has made her a target for....
Read More>

Man of Steel: Part Man, Part God, All Hunk: Part Man, Part God, All Hunk ‘Man of Steel’ Depicts a Striving Stranger in a....
Read More>
Why box-office surprises are becoming more common
Posted on: 10/09/13
Share/Save/Bookmark
 

Predicting a weekend movie ticket-grossing champ is harder than ever as pre-release audience tracking has become less and less reliable.


The numbers said "Kick-Ass 2" was going to do just that.

Before its theatrical release, audience tracking surveys estimated the superhero action-comedy could gross as much as $25 million its opening weekend.

Instead, the sequel took in only $13 million, finishing far behind the civil rights drama "Lee Daniels' The Butler" and earning "Kick-Ass 2" an instant reputation as a flop.

For decades, tracking was used by studios to determine filmgoer interest ahead of a new movie's release and tell marketing executives where to spend their ad dollars.

But now trade publications, national dailies, blogs, TV newscasts and even drive-time radio shows share the once closely held numbers with everyday moviegoers. Tracking establishes financial expectations for a new film as well as an A-list star's ability to "open" a movie. The estimates effectively declare a winner before the weekly box-office battle begins.

But at a time when tracking's influence on a film's box-office fate has never been greater, chronic inaccuracies have led industry observers and some studio chiefs to conclude that tracking may no longer be a dependable box-office barometer. With a cluster of Oscar-worthy films soon heading into theaters, the pre-release surveys are increasingly coming under attack.

"Tracking is broken. There's no doubt about it," said Vincent Bruzzese, chief executive of the tracking firm Worldwide Motion Picture Group. "It's been asking the same questions since 1980. It isn't predictive anymore. And it doesn't cover the way consumers make choices anymore."

This summer, several movies were damaged by inaccurate tracking. "The Lone Ranger," "The Wolverine" and "The Hangover Part III" were said to have "underperformed" when they had openings at least $10 million below estimates. All went on to sputter domestically after bad word of mouth and speedier-than-anticipated exits from the multiplex.

Even a hit film can fall victim to bad tracking. "Cloudy With a Chance of Meatballs 2" opened as the No. 1 movie at the box office but is seen as having underperformed by grossing $10 million less than estimates predicted.

When movies exceed expectations, they generate positive buzz that can increase returns. Last weekend, "Gravity" took in $55 million — $10 million more than the most optimistic pre-release surveys indicated it would earn. Summer's superhero film "Man of Steel," horror flick "The Conjuring" and the thriller "Now You See Me" earned many millions more than the tracking predicted.

"You can say, 'The testing was great,'" said one respected studio marketer who, like other top executives interviewed for this story, declined to be identified for fear of jeopardizing his industry standing. "But you know in your heart you don't believe in the testing anymore. And if you do, you're fooling yourself."

Because of the sheer volume of movies being released — 660 last year — as well as seismic social media changes, tracking service executives say, pre-release audience awareness and anticipation have never been more difficult to gauge. This is especially true, experts say, for non-sequel films and films popular with minority moviegoers, who can be harder to survey because they are a statistically small and not reliably representative cross-sampling of respondents.

"To the extent you're trying to predict turnout, share and revenue, it's a hard business to get right," said Jon Penn, president of media and entertainment at Penn Schoen Berland, the firm that operates the tracking service Reel Pulse.

Yet Penn defends Reel Pulse's tracking surveys, pointing out its estimates are within 15% of the actual gross 75% of the time. Other major tracking services are OTX, MarketCast and National Research Group.

Even with tracking's accuracy increasingly doubted, it's such a dominant part of the Hollywood conversation that none of its studio detractors interviewed for this article voiced willingness to give up the service.

Studios receive tracking information over a three-week to two-month pre-release window. The estimates sample audience awareness, "definite interest" in seeing a movie and the proportion of respondents ranking the movie as their first choice, as well as projected breakdowns by gender and age.

Firms crunch their polling results, comparing the movies with previous titles by genre and release window — "comps," in tracking terms — to yield an estimated opening-weekend gross.
 

But because respondents must self-identify as moviegoers who see at least six films per year, a sizable population remains under-accounted. Especially difficult to predict is audience turn-out for faith-based films and movies based on TV shows such as "Sex and the City."

Citing issues similar to those faced by election-year pollsters, some studio marketing executives privately fear that tracking's respondents are not only less diverse but have been over-polled, succumbing to a kind of survey fatigue.

"The phone rings, you don't answer if you don't recognize the call. And nobody answers the land line anyway," a studio marketer said. "It's one of the real challenges."

Breaking away from tried-and-true tracking methods, the research firm Fizziology measures social media chatter about upcoming films across such online platforms as Tumblr, Twitter, Instagram, Facebook and various blogs to help tabulate pre-release estimates.

"We don't have to ask if you've heard of the movie," said Benjamin Carlson, Fizziology's president and co-founder. "There are no mall intercepts, no phone conversations, no computer polls. We're just organically measuring the conversation."

Further eroding tracking's market share, Rentrak, an industry leader in box-office measurement, has partnered with analytics firm Reactor Research (launched by United Talent Agency) to kick off PreAct, a service measuring audience awareness and studio marketing efforts. Unlike tracking, PreAct uses an algorithm that takes in social media buzz, "comps" and pre-release ticket sales to gauge moviegoer interest up to a year before a film's release.

"PreAct is a course-correction tool," said Ron Giambra, president of Rentrak's worldwide theatrical division. "You know something's wrong and you have several months to fix it. With tracking, there's not much you can do besides a Hail Mary three weeks out."

And the field is getting more crowded. Google released a study in June quantifying movie search queries to predict box-office performance. The online ticket-selling service Fandango has developed Fanticipation, a consumer interest buzz indicator that tracks advance ticket sales, mobile traffic and social media engagement to index pre-release anticipation.

Additionally complicating the tracking picture is the human misuse of the already compromised data.

Studio spokesmen habitually try to downsize financial expectations for their films with their own estimates, which often set the bar artificially low. Rival studio marketing chiefs ritually inflate expectation for their competitors' films, in a bid to manipulate the studio report card.

"What's unreliable is the people interpreting the data," said a high-ranking studio marketing executive. "The studios are out there setting the number low; competitors are out there setting the bar high. The biggest challenge is, nobody has a vested interest in an accurate number low or high."

Bruzzese, who previously oversaw tracking operations at MarketCast and OTX — and who is in the midst of a "seven figure" overhaul of Worldwide Motion Picture Group's pre-release polling methods — says the only remedy to faulty tracking is fundamentally rebooting the polling surveys. To return tracking to its original function as a diagnostic tool for studio marketing.

"Right now, it's everyone's individual interpretations of this art and science mixed together, looked at as 'How much money am I going to do?'" said Bruzzese. "And that predictions game has to stop."

chris.lee@latimes.com

COMMENTS
Be the first to post a comment!


Post A Comment:




  • It's 2020! Start booking roles in commercials, fashion, films, theater and more with The Agency Online!

  • NEW WORKSHOP with Barbara Barna & Sean De Simone!

    Hi Everyone and Happy Summer! Sean at Sean De Simone casting and Barbara Barna are teaming up for a super informative and fun Hosting for Home Shopping workshop. A great opportunity for established or experienced TV Hosts and Experts interested in learning how to get noticed and how to get in....
  • MASTERCLASS W. Robin Carus & David John Madore

    A Special Offer for the Agency Community, from one of our favorite NYC Casting Directors! EMAIL FacetheMusicWithUs@gmail.com Or Eventbrite To Sign Up! Class Size is Limited.
  • Don't Fall Into The Comparison Trap

    Hi Everyone! As the second installment in an ongoing series of features by the Agency's amazing community, here's some sage advice from our own Regina Rockensies; a humble (& awesome)veteran we've had the pleasure of working with for a long time. Have an excellent week! : ) - The Agency....
  • One Model's Agreement

    Hi Everyone! As the first piece in an ongoing series of original articles by the Agency community, here's a short reflection on some of the values of professional acting & modeling that we can all keep in mind for our next casting. Good luck on your castings &shoots this week! : ) -....




 
home       castings&news       privacy policy       terms and conditions      contact us      browser tips
Official PayPal Seal