Show Notes
The following summary outlines the discussion regarding current box office metrics and industry trends:
Defining a "Hit" vs. a "Flop": The speakers discuss the ambiguity of labeling films as hits or flops in the current market, specifically contrasting the $55 million domestic opening of F1—which is being widely labeled a hit—against similar openings for films like The Flash and Indiana Jones: The Dial of Destiny, which were labeled flops.
Potential Influencing Factors:
There is speculation that media bias or a desire for Apple to continue investing in theatrical film production might influence how F1 is categorized.
The speakers discuss whether "hit" status should be proportional to a film's budget.
Other factors considered include per-screen averages, international performance, and a film's ability to generate "legs" or cultural buzz.
Market Context: The speakers note that the box office climate has changed in a post-COVID world, suggesting that lower thresholds for success might be necessary as the industry adjusts to new realities. They also suggest implementing a tiered system to better categorize success, such as distinguishing between a "hit" and a "smashing success".
Full Transcript
[00:00]
So I would love to know from you at home, in your opinion, what is considered a hit now?
[00:05]
What is considered a flop?
[00:06]
I would love to know those numbers because does it change with the budget of a film?
