Those fees go primarily back to the studio that set up the company in the first place, hence the incentive for inflating costs. The whole point of that company’s existence is to lose money by paying out fees.
Here’s how it works: A studio (e.g., Warner Bros.) sets up a separate company (e.g., Order of the Phoenix, Inc. “Hollywood’s lack of profits exists only on paper, the result of creative accounting practices … Instead of cooking the books to hide losses and inflate profits, Hollywood accountants inflate costs to ensure that even smash hits stay in the red.” Priceonomics writer Alex Mayyasi looked into this question in his 2013 post, “ Why Do All Hollywood Movies Lose Money?” His answer: lost $167 million on Order of the Phoenix (source: Deadline). One might reasonably assume that even with a reported production budget of $150 million, there’d still be plenty of room for that film to be profitable. (That’d be around $1.1 billion if we adjusted for inflation.) One of the most successful, no doubt, was director Christopher Nolan’s reboot of Warner Bros.’ Batman franchise, which started with 2005’s Batman Begins.Ģ007’s Harry Potter and the Order of the Phoenix, the fifth installment in the Harry Potter film franchise, made nearly $940 million at the box office. That’s why in addition to all of the sequels and prequels that studios have been rolling out, we’ve been seeing a major uptick in reboots. Familiar characters and storylines are simply a safer bet. So, given the choice of A) investing in a film with a completely original story that’s filled with characters no one’s heard of before, or B) investing in a film with familiar characters that have a proven track record of drawing people to the box office … the big studios tend to go with the latter option. “… every time you make a movie, you’re making a prototype product that you have no idea that anyone wants.” Why?īecause the big studios would rather bet on characters and storylines that moviegoers are already familiar with.Īs film producer and chair of the Peter Stark Producing Program at USC, Lawrence Turman, told U.S.
This lets us approximate how much an older film would’ve earned if it were released in theaters today.Īnd while the adjusted top 10 list probably makes the cinephiles of the world feel a little bit better about humanity, the reality is that the big Hollywood studios are currently churning out sequels and franchise films at an unprecedented rate. Sure, the events of 2 Fast rarely ever get mentioned again, and Roman and Tej morph into comic relief characters, but that’s what makes this one the hidden gem of the series.A note on adjusting for ticket price inflation: It’s calculated by dividing a film’s box office haul by the average ticket price from the year of its release, and then multiplying that figure by today’s average ticket price (which Box Office Mojo currently estimates at $8.34). We’re not quite at the stage where these characters are superheroes, with director John Singleton doing a great job with some fast racing. The pair make for delightful company as they go undercover to infiltrate another crew, this one in Miami – a natural fit for these movies. Tyrese is the movie’s second lead, with Roman being Brian’s old friend. As a result, 2 Fast 2 Furious feels more like a spin-off from the main series, but it does introduce some faces you’ll soon get very acquainted with: Tyrese Gibson’s Roman Pearce and Ludacris’ Tej Parker. Vin Diesel declined to return for the first sequel, instead reprising the role of Riddick from Pitch Black in the epic, critically mauled The Chronicles of Riddick. Following the events of The Fast and the Furious, Brian O’Connor’s on the run.
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