The Big Screen's Last Stand: Can Event Movies Save Cinemas from Streaming Dominance?
In an era dominated by streaming giants like Netflix and Amazon Prime, the box office has become increasingly elusive. Movie studios are frantically searching for ways to reinvigorate the theatrical experience, while the very fabric of cinema itself is being tested.
At the heart of this struggle lies the concept of "theatricality," a term that has been bandied about by industry execs in recent years. It refers to the unique qualities that make a movie an event β be it its visuals, performances, or storyline β and are meant to draw audiences into the cinema.
James Cameron, director of Avatar: Fire and Ash, is often cited as the poster child for this approach. His films have consistently broken box office records, and his latest offering is no exception. The challenge, however, lies in replicating this success without relying on gimmicks or pre-existing franchises.
One strategy gaining traction is redefining event movies as experiences that make a novelity of the cinema trip itself. This can be achieved through carefully curated pairings of films, such as Barbie and Oppenheimer, which have proven to be successful releases in recent months.
Another tactic is tapping into live-entertainment participatory vibes by leveraging Broadway adaptations and sing-along theatre energy. The success of Disney's Wicked films demonstrates that audiences are willing to pay top dollar for this type of experience.
A more nuanced approach involves experimenting with lower-budgeted, high-concept releases that can turn a profit in theatres rather than being relegated to streaming as loss leaders. Paramount has shown remarkable commitment to this strategy, with horror film Smile proving to be an exception to the rule after racking up impressive box office numbers despite its budget.
The goal, then, is to create a more varied and diverse slate of releases that not only attracts large crowds but also fosters community within cinemas. By doing so, movie studios can reclaim their place as cultural institutions rather than mere entertainment hubs.
In an era dominated by streaming giants like Netflix and Amazon Prime, the box office has become increasingly elusive. Movie studios are frantically searching for ways to reinvigorate the theatrical experience, while the very fabric of cinema itself is being tested.
At the heart of this struggle lies the concept of "theatricality," a term that has been bandied about by industry execs in recent years. It refers to the unique qualities that make a movie an event β be it its visuals, performances, or storyline β and are meant to draw audiences into the cinema.
James Cameron, director of Avatar: Fire and Ash, is often cited as the poster child for this approach. His films have consistently broken box office records, and his latest offering is no exception. The challenge, however, lies in replicating this success without relying on gimmicks or pre-existing franchises.
One strategy gaining traction is redefining event movies as experiences that make a novelity of the cinema trip itself. This can be achieved through carefully curated pairings of films, such as Barbie and Oppenheimer, which have proven to be successful releases in recent months.
Another tactic is tapping into live-entertainment participatory vibes by leveraging Broadway adaptations and sing-along theatre energy. The success of Disney's Wicked films demonstrates that audiences are willing to pay top dollar for this type of experience.
A more nuanced approach involves experimenting with lower-budgeted, high-concept releases that can turn a profit in theatres rather than being relegated to streaming as loss leaders. Paramount has shown remarkable commitment to this strategy, with horror film Smile proving to be an exception to the rule after racking up impressive box office numbers despite its budget.
The goal, then, is to create a more varied and diverse slate of releases that not only attracts large crowds but also fosters community within cinemas. By doing so, movie studios can reclaim their place as cultural institutions rather than mere entertainment hubs.