Back in late 2009, early 2010 I was digging around a bit in the film industry analyzing numbers for a few different reasons. I shared my ideas with a few people but it didn't seem to click with anybody. Rather then pursuing any of my ideas further I shelved them as I couldn't afford at the time to do anything about any of it. Things just weren't working out well for me personally at the time.
In my research at the time I had found that since 1999 there had been five key films that were popular for their low production budget and handheld camera tactics. The budget for all 5 films in total is estimated to be around $56 million. The cheapest of which only weighed in at an estimated $15 thousand for production and bringing in over $100 million in domestic gross alone. To date, the total of all these films are estimated to have brought in over $783 million in worldwide box office gross. These films include "The Blair Witch Project", "Open Water", "Cloverfield", "District 9", and "Paranormal Activity".
I was doing this research in comparative terms of what was soon to be known as the highest grossing film of all time, "Avatar". In fact, the day I watched that film for the 1st time I went on a local forum and stated that it would soon be known as the highest or second highest grossing film of all time and was attacked for making such silly claims. Regardless of that and back on topic... comparatively to the prior films mentioned, this film had a production budget rumored to be over 400 Million.
It was my belief at that point that the race was on. The world was not only just ready for stereoscopic but it was also becoming foolish to excuse the gross/budget ratio's of low budget film-making with handheld camera tactics. The time has come to blend the two and whatever films are 1st to successfully do so will reap LARGE bennifits. While many might bash this strategy as almost backwards film-making progression, it's irrelevant. The numbers do the talking. Film goers are growing tired of Hollywoods predictable offerings. They want movies that can connect with them on a mental level. Something that's different and can plug them into another world for them to explore (3D) or give them something that questions their intelligence into believing something is real or not (hand-held tactics).
Does it take $400 million to make such a thing? No! Heck no... Although it does take more then just 3D and low budget, it takes a solid film idea. 3D movies are declining in interest the more needlessly 3D movies are released. Since last year I've watched numerous 3D films and the only ones to have really benefitted from 3D have been "Avatar" and "How to Train your Dragon". Not to strip "Up" from it's worthy position of being a solid 1st candidate for the idea. But folks, my solid plea is to "not just make a movie 3D because you can and it's popular". In doing so it's only going to alienate people from this amazing new tool. Use this technology sparingly and when appropriate. Ask yourself, "is this just gonna look cool or does it really add to the storytelling and experience of the film". 90% will just "look cool" and in doing so will add to the "gimmicky" title that many give stereoscopic.
But there you have it. I've been on record for the past 10 months, trying to get people to listed to me in regards to these investment and business strategies. After just reading that "Paranormal Activity's" new 3 million budget film has pulled almost 42 Million in just 3 days in comparison to "Red", a 58 million dollar film that has brought in only 44 Million in 10 days; I felt compelled to run my mouth a little.
As film-makers catch onto this idea you should be ready for a slew of sub-par low budget stereoscopic films coming our way but lets just hope that one of them... gets it right. You will know who holds the title when you see a low budget movie that can honestly claim that seeing it in 3D doesn't "just look neat" but was necessary to add to the story and experience.
What is my own plan? Well, personally I believe that there is a non-stereoscopic low budget film technique and strategy that has been overlooked. One that is less complicated, a lower risk, and much higher pay-off. When I can afford to pursue it I will do so or if a studio/invester would ever like to explore my thoughts then I am available via email. Until then, lets see if someone can get stereoscopic low budget film making done right.
Low Budget Stereoscopic FilmMaking - The Race is On!
D-BOX Motion Code Experience! Review.
Thoughts on Job's letter towards Adobe
While I agree with alot of points Jobs makes about Flash for the iPhone I would also like to call his bluff on one comment a little bit.
Microsoft Bing Boom. Are you ready for it?
As the tensions continue to peak between Apple & Google you need to take advantage of time and stake your claim in advance. Are you ready for Bing? People are well aware of Yahoo's offerings so their market share will stay consistent but rumor is that Apple is batting their eyes at Bing as the new alternative for iPhone and iPad. I realize that mobile browsers aren't the biggest opportunity compared to PC browsers but it is true that people will be introduced and familiarized with Bings offerings via iPhone and iPads, from that point forward the halo effect begins. Don't be fooled, Bing is actually a good Microsoft product for once that has some excellent offerings. Main problem with it is the results suck since their aren't alot of websites optimized for it.
Redbox Marketing 101
People who know me personally or follow me on twitter much would know how much a fan I am of the REDBOX. Although I understand the industry controversy over cheap distribution as much as I did the locked iTunes Store pricing… it is here to stay! Consumers have caught on to it strongly and frankly, they demand it. Any studios unwilling to work with the company are just getting left in the dust, losing money, and fighting against the inevitable. As a consumer, if I don't see your video at the Redbox… I'm not going to rent it anywhere. It's not a matter of hunting it down at a local Hollywood video store and the studio still winning my money and proving any points to RedBox, I just simply won't rent it. It's out of my way and not how I plan on renting. I'll wait until its cheap enough to purchase at the store, download, etc.
A little off topic but I'd also like to add that any independent film makers not rushing to a RedBox distributer to attempt to make some sort of distribution deal is simply not a smart one in my opinion. That is the absolute first step I'd take to get my film seen at a National level.
Back on topic, the ease of use that RedBox has created for consumers is above all the main reason its been so widely adopted. It's not necessarily about the cheap $1 rental but about being so quick, easy, available at grocery stores, no contracts, you name it. There are so many wonderful qualities of the RedBox. Not to mention being able to hunt a film down in advance and see which store that host the RedBox and movie of your choosing. Then being able to reserve that flick online with a couple clicks or on your iPhone app just makes things even easier!
So, we have an amazing product with a GIANT user-base. So much in fact that every-time I go to the grocery store at about 5pm, I have to cross through the congested dvd rental line just to exit the store with my groceries. The RedBox is that busy and they have 2 of them side by side! So, RedBox is great… can't get much better aside from selection. So what's the point of this blog post other then fanboyism over a revamped Coke machine? MARKETING! And not on the RedBox side…
Convenience store marketing 101 would teach you to put your most popular products towards the back of the store or position in such a way that a customer would need to walk past a series of popular impulse buying products. Now, I wouldn't say to put a RedBox machine all the way in the back of your store making it inconvenient for those in a hurry to rent or return a dvd as that could lose your stores battle to other local stores with the easy RedBox rentals. However, the grocery stores are positioning these machines right beside the entry door to the store surrounded by Rug Doctor rentals and change-to-cash machines. How many people are renting a Rug Doctor or doing change-to-cash on IMPULSE??? None! There is no sense in wasting the space surrounding the machine with such products. The RedBox is a destination AND a impulse experience meaning that people are traveling to the store ONLY for that purpose or renting off impulse when they see it. Grocery stores are loosing serious money off of all these people traveling to this destination product. Not only that but they make it a turn-off to impulse buy due to the fact that it's at the front of the store and if your in a hurry returning or renting a dvd then you don't want to grab a candy-bar on your way past because you know that you will have to walk all the way around to the checkout counters just to buy 1 silly candy-bar and thats not worth it. Grocery stores need to re-arrange their layouts to make these distribution boxes within a quick walking distance to the doors… but also ON THE WAY to the checkout counter and having their best impulse products displayed along the way.
As it stands right now, the grocery store loses my money as a consumer daily because they position that machine right beside the door and I run in and out of their in a hurry. Great! I'm happy with that and I'm sure RedBox is thrilled with this as well because it makes their product easier and faster to get too. But why is the grocery store so willing to only make a few cents off each rental when they could convince me to drop a few bucks on the way to that machine? With a dying economy like the one we live in now I'd expect a grocery store that is housing local jobs (and laying off a bunch) to be smarter then this. They have a golden product that is so incredibly versatile that it gives them a huge opportunity to impulse purchases. The increased sales from repositioning a few items could easily help budget in another 1-2 local jobs based off the profits alone! But they don't. Their corporate marketing specialists don't see to have a clue in how to treat their most popular product. What a waste…
Comments always welcomed. As long as they agree with mine : p