Megamind Megaflop?
p2pnet view Movies:- It hasn’t been two weeks since DreamWorks Animation’s Megamind was reased for the Big Screen.
But “we estimate that fewer people in the US have seen the movie than any CGI-animated movie DWA has released since its 2004 IPO (excludes the Aardman joint-venture Flushed Away)”, says BTIG.
“While it is far too early to tell how Megamind will do overseas (most launches occur in December)”, key takeaways “from the disappointing US performance-to-date include, says the story >>>
Megamind DVD likely to be very weak given the film’s poor attendance to date, exacerbated by secular trends in home entertainment. Not only is consumer spending on home entertainment declining (click here for our 11/10 blog), but the family/animated category appears to be underpeforming the broader industry trends (see our 11/15 blog, click here). Furthermore, with Comcast set to launch robust on-demand streaming content on iPads and mobile devices in the next month (see our 11/16 blog, click here) and HBOGO launching broadly before year-end, we expect DVD purchase trends to notably worsen in 2011.
What to do, what to DO !?
“3D technology is not a driver of a film’s success, says BTIG. Rather, it’s “all about the content”.
The “dramatic rise in 3D screens has no correlation to a film’s box office performance” and, “3D pricing needs to come down, especially on animated/family friendly titles.”
Not only but also, “While it is possible less money could be generated at the box office, we believe lower ticket prices would expose more people to a given film – which should boost overall profitability”, says the post.
BTIG – Megamind Lowest Attended DreamWorks Movie Post-IPO, November 17, 2010
First they ignore you, then they laugh at you, then they fight you, then you win ~ Mahatma Gandhi
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November 17th, 2010 at 4:26 pm
Megamind was such a good movie, the soundtrack was really amazing
November 17th, 2010 at 7:22 pm
A couple of us Dads took our daughters to see it opening weekend.
Very funny, everyone enjoyed it.
November 18th, 2010 at 2:00 am
Megaflop? No way! We loved it!
November 18th, 2010 at 2:19 am
“3D technology is not a driver of a film’s success, says BTIG. Rather, it’s “all about the content”.
The “dramatic rise in 3D screens has no correlation to a film’s box office performance” and, “3D pricing needs to come down, especially on animated/family friendly titles.”
So they’re saying that a movie actually has to have good content and not just a cheap gimmick to be successful? Wow, nobody could have predicted that…
November 18th, 2010 at 11:04 am
” A couple of us Dads took our daughters to see it opening weekend. Very funny, everyone enjoyed it. ”
Glad you could afford enjoy it.
Most people in this economy prefer to spend it on food and utilities.
Of course the cartels will spin this as the evil ‘pirates’ fault, when the reality is so much more simple.
Fewer and fewer people can afford the excess cash for ‘entertainment’.
November 18th, 2010 at 4:50 pm
So uh, Megamind is now at th top of the box office with 29.1 million dollars. I think it was too early to call the movie a flop
November 20th, 2010 at 5:50 am
I just watched this a couple days ago, on a whim. I was expecting another lame kiddie-flick with no redeeming character, that you could laugh at only in terms of how painfully HORRIBLE it was. And no I DID NOT pay for it, why pay for something that is going to suck?
Boy was I surprised! I enjoyed the it soooo much that I looked up the movie listings to see how much it would cost to catch it on The Big Screen. It would cost $20…that is enough to feed me for a week. So I did not see it in the theater. $10 I could have done, maybe $15 if I skipped a couple meals, but $20 means NOT EATING for days…
The moral of our story: A good movie lost a customer/pirate who WANTED TO PAY FOR IT simply because the mafiAA execs decided to price it out of any reasonable range. In this day and age of republican economic malfeasance, who the FUCK can afford TWENTY BUCKS to see a movie?!