Indie market bounces back with "Twilight" and "King's Speech"
LOS ANGELES (TheWrap.com) - Thanks to beast hits like "The Twilight Saga: Breaking Dawn -- Part 1" and art-house breakouts such as "The Artist," many of a vital players in a eccentric film marketplace racked adult an considerable year notwithstanding a industry-wide box office decline.
The tip 7 indie studios grossed $1.57 billion during a domestic box bureau so distant this year, compared to $1.52 billion in 2010, according to Boxofficemojo.com.
Theatrical revenues grew while studios continued to feat video on direct and digital video as a new source of revenue. Barely a week goes by though one or some-more of a indies signing a new streaming agreement with a likes of Netflix or Hulu.
So who's heading a pack? Summit dominated marketplace share interjection to a latest installment in a tween fear romance, "Twilight." Relativity announced itself as a vital actor on a scene, though subsequent year will need to find a new source of financial subsidy in sequence to stay there.
The Weinstein Co. re-emerged from a 2010 refinancing with a breeze during a behind interjection to Colin Firth's stuttering sovereign in "The King's Speech."
Fox Searchlight is translating a vicious raves for Alexander Payne's "The Descendants" into plain box bureau returns.
New entrant FilmDistrict scored a low-budget strike with a $54 million domestic grossing fear film "Insidious," though overspent on Johnny Depp's "The Rum Diaries, with usually a measly $13 million during a domestic box bureau to uncover for a troubles.
Likewise, Focus Features topsy-turvy out a genre strike with a $40 million grossing "Hanna," though couldn't seductiveness audiences in a $19.4 million grossing Roman epic "The Eagle."
Not each studio was a winner. Lionsgate, with a dear fibre of box bureau misses, saw a numbers tumble to earth. But shelter might be usually around a dilemma in a form of a certain dystopian immature adult novel, "The Hunger Games."
Here's a demeanour during a tip 4 indie studios:
SUMMIT
"The Twilight Saga: Breaking Dawn -- Part 1" powered a studio's slate, grossing a bloody good $658.4 million worldwide -- and counting -- on a $110 million budget. The culmination to a sex and blood sucking array hits subsequent summer, during that indicate a studio will be hard-pressed to find an equally essential array of projects to reinstate it.
After all, that film accounted for some-more than 50 percent of Summit's $1 billion worldwide gross.
The rest of Summit's line-up was something of a churned bag. Cancer comedy "50/50" rode clever reviews to a $34.9 million domestic sum while "The Three Musketeers" deflected vicious knocks to shelve adult $139 million worldwide. Also behaving solidly was a mind-bending thriller "Source Code," that generated $146.7 million globally on a $32 million budget.
However, Nicolas Cage's "Drive Angry 3D" grossed a scanty $10.7 million on a $9 million budget, and Mel Gibson's "The Beaver" couldn't overcome a star's argumentative open picture to bank a awful $8.7 million on a $21 million budget.
Maybe it's time to start plotting "The Twilight Saga: The Early Years."
LIONSGATE
"The Hunger Games" can't come shortly adequate for Lionsgate after a awful 2011.
The studio was strike tough by a array of flops final summer and fall, after audiences deserted "Conan a Barbarian," "Warrior," "The Devil's Double" and "Abduction" in brief order.
Given that those films represented 50 percent of Lionsgate's melodramatic slate, a bad grosses were magnified. Last year, a studio expelled almost some-more films -- 14 melodramatic releases in total, among them such moneymakers as "The Expendables" and "The Last Exorcism."
The year wasn't a sum rinse with a studio fielding dual plain performers with "The Lincoln Lawyer" ($58 million, domestically) and "Tyler Perry's Madea's Big Happy Family" ($53 million, domestically).
Still, melodramatic revenues plunged from $510.8 million domestically to $175.7 million this year.
"On a film side, it was one disaster after another," James Marsh, an researcher during Piper Jaffray & Co., told TheWrap. "There's a outrageous volume roving on 'Hunger Games.'"
Most analysts trust subsequent spring's "Hunger Games" will be a company's tip grossing film of all time and could launch a multi-part franchise.
The studio and a batch have been re-energized in new months now that Carl Icahn has deserted his prolonged station try antagonistic takeover try of a studio and sole substantially all of his batch in a company.
The studio has finished an consultant pursuit of monopolizing digital streaming and other choice home-entertainment platforms by deals with Netflix. In particular, "Margin Call," a financial meltdown play constructed with Roadside Attractions, has turn an doubtful strike for a studio, grossing $5 million domestically and $5 million on day-and-date video on demand.
Also on daub are a supplement to "The Expendables," Arnold Schwarzenegger's vast shade lapse in "The Last Stand," and a Cameron Diaz and Jennifer Lopez regretful comedy "What to Expect When You're Expecting."
RELATIVITY
The finish of Relativity's initial year as a bone-fide film prolongation and placement association was injured by a array of executive departures and reports of financial difficulties.
That said, a studio fielded a series of plain box bureau performers, including "Immortals," a studio's sword-and-sandals epic has grossed $195 million worldwide to date with vital territories nonetheless to open including Spain and Latin America.
The pill-popping thriller "Limitless" was a warn strike final spring, racking adult $165.4 million globally on a $27 million prolongation budget.
Not that Relativity didn't have a share of duds. Family comedy "Judy Moody and a NOT Bummer Summer" grossed a squalid $15 million on a $20 million budget, while a long-shelved "Take Me Home Tonight" grossed a insignificant $6.9 million domestically. ("Judy Moody" was financed by Smokewood Entertainment, not Relativity.)
More discouraging is a intensity depart of Relativity President Steve Bertram, who might leave a association when his agreement is due adult during a finish of a year. His exit would be a latest in a fibre of exits among a studio's tip ranks. CEO Ryan Kavanaugh's inability to find a new devotee to reinstate effusive financier Elliot Management is another concern.
But a studio is unapproachable that in a initial year each one of a home-grown projects possibly pennyless even or done a profit.
THE WEINSTEIN CO.
"The King's Speech" has been a stately leader for a Weinstein Co.
Snatching Best Picture from a hold of "The Social Network" reaped vast pidends for a indie studio, with a play raking in $414.2 million worldwide.
The rest of a studio's line-up hasn't been scarcely as impressive, nonetheless Harvey and organisation clearly consider they might have another Best Picture leader on their hands with "The Artist." The black-and-white wordless film -- bought for a strain (get it?) during a Cannes Film Festival -- has grossed $15.4 million worldwide so far, though business should ramp adult if a film is an Oscar winner.
Thanks in vast partial to that small bullion statue, a studio some-more than quadrupled a prior year's box bureau take, earning $547 million as against to a $89.7 million banked in 2010.
Although "Scream 4" signaled that that a bottom has substantially depressed out of a fear film franchise, it still was essential with a $97 million worldwide sum on a $40 million budget. Ditto for "Spy Kids: All a Time in a World," that grossed a medium $74 million, though usually cost $27 million to produce.
The jury is still out on "My Week With Marilyn," that has grossed scarcely $10 million so far, though could supplement to a take if it picks adult awards attention.
Looking ahead, a studio has Quentin Tarantino's worker epoch spaghetti western "Django Unchained," Brad Pitt's crime thriller "Coogan's Trade," and Shia LaBeouf's breach play "The Wettest Country in a World."
"We're really focused -- that's a message," David Glasser, TWC's arch handling officer, told TheWrap. "There's a need and a enterprise for a kind of cinema that we make."
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