Hollywood's 2003 summer session won't go down in history as one of the more profitable ones. Several big-budget flicks like The Hulk, Gigli, and Charlie's Angel's: Full Throttle met with disappointing numbers despite massive amounts of pre-show publicity and big-dollar talent. Movie executives are casting about, trying to find a reason for the low turnouts, and they've found a scapegoat. It's your cellphone--well, you and your text-messaging-enabled cellular phone.
That's right, text messaging is now responsible for the downfall of Hollywood, or so says Rick Sands, COO of film studio Miramax. "In the old days, there used to be a term 'buying your gross,'" stated Sands. "You could buy your gross for the weekend and overcome bad word of mouth, because it took time to filter out into the general audience." What Sands is essentially stating is that information flows much faster than it used to, and word of a movie's onscreen palatability now travels in hours, not days or weeks.
Text messaging is the key, complains Sands, because moviegoers are "txting" their friends while still viewing the movie. As a result, second week falloffs for films are at 51%, up from 40% 5 years ago. Movie execs are griping that their films aren't given a second chance because the movie comes and goes through the theater so quickly.
That's right, text messaging is now responsible for the downfall of Hollywood, or so says Rick Sands, COO of film studio Miramax. "In the old days, there used to be a term 'buying your gross,'" stated Sands. "You could buy your gross for the weekend and overcome bad word of mouth, because it took time to filter out into the general audience." What Sands is essentially stating is that information flows much faster than it used to, and word of a movie's onscreen palatability now travels in hours, not days or weeks.
Text messaging is the key, complains Sands, because moviegoers are "txting" their friends while still viewing the movie. As a result, second week falloffs for films are at 51%, up from 40% 5 years ago. Movie execs are griping that their films aren't given a second chance because the movie comes and goes through the theater so quickly.
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