Reading Day: #07:
Do Hollywood Stars Guarantee A film’s Success?
Big stars.
Big money. Big films? What is the formula for success when it comes to films?
No one is sure. Is it the stars? Maybe. Or maybe not.
There are
certainly benefits to using a star in a film. It makes the film easier to
market. Stars also help sell more tickets and drive DVD sales, which are a big
part of studio revenue. For example, the announcement in 2002 that Tom Cruise was
not going to star in the film Cold Mountain reduced the movie’s expected
revenue by $10 million. Then, later, the announcement that he was in talks to
play a leading role in the film The Last Samurai increased the film’s expected
revenue by $28 million.
However, a
star does not guarantee success. Bewitched (starring Nicole Kidman) cost an
estimated $85 million but only made about $62 million at the American box
office. Waterworld (1995) had Kevin Costner in it and cost $175 million to make
but only grossed $88 million at the US box office. The Adventures of Pluto Nash
(2002) starred Eddie Murphy and cost $100 million to make, but only earned
about $8.9 million worldwide. The Island (2005) had a production budget of $126
million and had stars Ewan McGregor and Scarlett Johansson in it, but only made
about $35 million. And Jim Carrey’s A Christmas Carol took just $30 million
after costs of more than $170 million. And there are plenty of examples of
films without stars that have made a lot of money.
ET: The
Extra-Terrestrial and the original Star Wars series did not need stars to make
them successful. Many low-budget films with unknown actors also make a lot of
money. The Blair Witch Project had a budget of about $500,000, but made more
than $248,639,099 worldwide. The comedy The Hangover had a little-known cast
but made $459 million at global box office. The adolescent vampire romance
Twilight took $186 million in the US despite starring unknown English actor
Robert Pattinson. Then there was Slumdog Millionaire which has no stars in it
at all but which made a lot of money and won a few Oscars as well.
In the end, if it is a bad film with a good
star, it will not make much difference. “Movies with stars are successful not
because of the star, but because the star chooses projects that people tend to
like,” said Arthur S. De Vany, a professor of economics at the University of
California. And as Sidney Sheinberg, the former president of MCA Universal, has
said, “The simple fact is that if you pay a star a great deal of money for a
film that people don’t want to see, then it
GLOSSARY
To drive v: if something "drives"
sales, it causes sales to increase.
Revenue n: money that is produced.
An
announcement n: something
that is said in public or to the media.
To
reduce vb: to
decrease.
In talks exp: if someone is “in talks”, they
are discussing something.
A
leading role n: the
main part in a film.
The box
office n: the money
made at “the box office” represents all the money made from people going to the
cinema.
To gross vb: to make an amount of money before
tax.
To earn vb: to make an amount of money.
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