In the vast entertainment landscape, consumers should be able to get their entertainment options in all formats.
It's all about price.
But when it comes to the
Oscar-award-winning "The Hurt Locker, theater owners have made sort of an old-time stand. It's based on the fact the movie has
already been in DVD release since January. When that happens, there is no turning back to theaters.
So you can forget about the Oscar revenue effect for "Hurt Locker." The movie has been
playing in 300 theaters, not anywhere near the 3,000 it could be playing in, if it were at a wider screen release from a big studio.
It comes from upstart Summit Entertainment, the company
that brought the recent "Twilight" movie to the big screen.
One major question: Where was the planning on this? The movie got much buzz early in the year. Maybe there was little expectation
it would reach this kind of level. The same thing happened to 2006 Best Picture Oscar winner "Crash" from Lionsgate.
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Are theaters owners short-sighted? Perhaps they, and Summit, should
find a way to adjust their business model --- a better price break for theaters owners, for example -- to gain the scale Summit is looking for, if not to curry more favor for Summit's next
release.
With schedules already set for other releases, some theater owners may not be to blame. But considering how many flops there are, you would think they would take a chance on what
should be more of a sure thing.
In television, it's the content owners who are being cautious -- at least about digital distribution. For premium TV digital area Hulu, content owners can
hold back -- Viacom did this recently with "The Daily Show with Jon Stewart" and "The Colbert Report" -- because there isn't enough money to be made.
Time Warner and CBS also won't go
near Hulu - because viewers are getting the stuff for free, and because Hulu's advertising model doesn't generate enough revenue to make it worthwhile.
But maybe this too is backwards. By
many estimates, the Internet doesn't hurt TV; it helps it, as a marketing tool. Movies on DVDs? "Hurt Locker" did big DVD business. Doesn't that say something about what it might do elsewhere?
Down the road, everyone wants more bucks -- content owners and distributors. Perhaps all will have to do with somewhat less on a per-viewer, per theater-goer basis, with the risk of gaining
more in the long-term.
Still, it's strange that only a fraction of movie-going consumers can get to see the latest Best Picture winner on a big screen.
The potential?
Hmm... Nielsen says 41.3 million viewers watched the Oscars on ABC. I'm sure there's a significant percentage who are interested in a movie they probably didn't know about a couple of months ago -- a
film to be seen in its intended original format.