Motion Picture Industry

In: Business and Management

Submitted By stirms74
Words 1080
Pages 5
Motion Picture Industry
November 24, 2013
Traci Wells
MTH 410
Marilyn Simon

Motion Picture Industry Creating a major motion picture to release to the masses can be a difficult task for any movie maker. Certain methods can be used to support and reassure the movie makers will have a return on their investments. The most effective method is the use of descriptive statistics, including the average, median, mode, range, and deviation of Opening Weekend Gross Sales (OWGS), Total Gross Sales (TGS), Number of Theatres (NOT), and Weeks in Top 60 (WIT60). Using a sample of 100 movies from 2005 it was found that all four variables were closely tied to determining a movies success. Using the date, the OWGS can help movie makes anticipate how much money a movie will make over its entire time in theatres. While this method isn’t always accurate, using the data from the 100 movies we see that the movie that had the best OWGS (Star Wars: Episode III) also had the most TGS, even though it wasn’t in the most NOT’s nor did it have the most WIT60. However, the NOT’s and WIT60 are also a factor. In the table below we can see the correlation between these factors. Star Wars: Episode III should be considered a high performance outlier due to its substantial TGS over all other movies regardless of the NOT and WIT60. Motion Picture | Opening Gross Sales | Total Gross Sales | Number of Theaters | Weeks in Top 60 | Star Wars: Episode III | 108.44 | 380.18 | 3,663 | 19 | Harry Potter and the Goblet of Fire | 102.69 | 287.18 | 3,858 | 13 | War of the Worlds | 77.06 | 234.21 | 3,910 | 19 | Wedding Crashers | 33.90 | 209.22 | 3,131 | 23 | Batman Begins | 48.75 | 205.28 | 3,858 | 18 | Mr. and Mrs. Smith | 50.34 | 186.22 | 3,451 | 21 | Walk the Line | 22.35 | 113.63 | 3,160 | 13 | Flightplan | 24.63 | 89.69 | 3,424 | 21 | Monster-in-Law | 23.11 | 82.89 | 3,424 | 16…...

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