Saturday, 21 January 2012

Hollywood

Hollywood is a district in Los Angeles, California, United States. Today Hollywood is one the giant film makers and distributors of seversl mainstream blockbustes like Repo man, The social Network. Holly wood caters several media houses and film makers including three largest film making industries in Hollywood are Paramount, Columbia and Warner Brothers.

Hollywood . has had a profound effect on cinema across the world since the early 20th century. Its history is sometimes separated into four main periods: the silent film era, the classical hollywood cinema, New Hollywood and the current period. Since the 1920s, the American film industry has grossed more money every year than that of any other country.

The major film studios of Hollywood are the primary source of the most commercially successful movies in the world, such as Gone with the Wind (1939), Star Wars (1977), Titanic (1997), and Avatar (2009). Today, American film studios collectively generate several hundred movies every year, making the United States the third most prolific producer of films in the world — the first being India and the second being Nigeria. (source: wikipedia)

Hollywood

The sign, located at the top of Mount Lee, is now a registered trademark and cannot be used without the permission of the Hollywood Chamber of Commerce, which also manages the venerable Walk of fame.
The first Academy Awards presentation ceremony took place on May 16, 1929 during a banquet held in the Blossom Room of the Hollywood Roosevelt Hotel on Hollywood Boulevard. Tickets were USD $10.00 and there were 250 people in attendance.
The period between the years 1927 (the effective end of the silent era) to 1948 is considered the age of the "Hollywood studio system", or, in a more common term, the Golden Age of Hollywood. In a landmark 1948 court decision, the Supreme Court ruled that movie studios could not own theaters and play only the movies of their studio and movie stars, thus an era of Hollywood history had unofficially ended. By the mid-1950s, when television proved a profitable enterprise that was here to stay, movie studios started also being used for the production of programming in that medium, which is still the norm today.(source: wikipedia)

Modern Cinema

The drive to produce a spectacle on the movie screen has largely shaped American cinema ever since. Epics which viewed on new widescreen processes had been increasingly popular from the 1950s onwards. Since then, American films have become increasingly divided into two categories: Blockbusters and independent films. Studios have focused on relying on a handful of extremely expensive releases every year in order to remain profitable. Such blockbusters emphasize spectacle, star power, and high production value, all of which entail an enormous budget. Blockbusters typically rely upon star power and massive advertising to attract a huge audience. A successful blockbuster will attract an audience large enough to offset production costs and reap considerable profits. Such productions carry a substantial risk of failure, and most studios release blockbusters that both over- and underperform in a year
Studios supplement these movies with independent productions, made with small budgets and often independently of the studio corporation. Movies made in this manner typically emphasize high professional quality in terms of acting, directing, screenwriting, and other elements associated with production, and also upon creativity and innovation. These movies usually rely upon critical praise or niche marketing to garner an audience. Because of an independent film's low budgets, a successful independent film can have a high profit-to-cost ratio, while a failure will incur minimal losses, allowing for studios to sponsor dozens of such productions in addition to their high-stakes releases.
American independent cinema was revitalized in the late 1980s and early 1990s when another new generation of movies like:Do the Right Thing; Sex, Lies and Videotage; Clerks; and Reservior Dogs. In terms of directing, screenwriting, editing, and other elements, these movies were innovative and often irreverent, playing with and contradicting the conventions of Hollywood movies. Furthermore, their considerable financial successes and crossover into popular culture reestablished the commercial viability of independent film. Since then, the independent film industry has become more clearly defined and more influential in American cinema.

To a lesser degree in the early 21st century, film types that were previously considered to have only a minor presence in the mainstream movie market began to arise as more potent American box office draws.

Modern cinema


Source: http://www.the-numbers.com/market/

 

The drive to produce a spectacle on the movie screen has largely shaped American cinema ever since. Spectacular epics which took advantage of new widescreen processes had been increasingly popular from the 1950s onwards. Since then, American films have become increasingly divided into two categories: Blockbusters and independent films. Studios have focused on relying on a handful of extremely expensive releases every year in order to remain profitable. Such blockbusters emphasize spectacle, star power, and high production value, all of which entail an enormous budget. Blockbusters typically rely upon star power and massive advertising to attract a huge audience. A successful blockbuster will attract an audience large enough to offset production costs and reap considerable profits. Such productions carry a substantial risk of failure, and most studios release blockbusters that both over- and underperform in a year.

Hollywood Film Budgeting: 

The average cost of  making a hollywood film is now 100 million.
According to Jack Valenti, the average cost of releasing a movie reached $102.8m in 2003. This increase came due to US box office takings fell slightly to $9.5bn (£5.2bn) - but 2003 it sill managed to be the second-highest total in history.
source: http://news.bbc.co.uk/2/hi/entertainment/3564377.stm

However because of Hollywood's secretive nature, one cannot tell the exact budgeting of a film. Spider-Man 3 officially holds the record with an acknowledged cost of $258 million, while both sequels of pirates of the Caribbean (2007 onwards) were made on a combined budget of $450 million, making them the most expensive production. Many films released recently for example the dark knight and avatar have also had a huge budget for production in more recent years. More recently there have been reports that Avatar is the most expensive film ever made with speculation that it cost $280 million.

source: http://www.thecirculation.info/2012/02/top-10-most-expensive-big-budget.html

Below is a PDF file of list hollywood film's operating budget obtained from hollywoodfilmoffice.com

Hollywood comparing budget


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