A) NBC has some sort of time machine which allowed them to skip ahead into the future, tape events, and then go back in time and use that tape.
B) The live wasn't actually live, but had a serious 30+ minute delay, which would mean you could see things on the 'Net feed a half hour to an hour before you could see them on TV.
Historically, it seems the greatest single barrier to entry for independent film producers was the cost of production; new technology is beginning to significiantly reduce some of the fixed costs associated with production.
How do you forsee the further reduction of production costs affecting the film business?
More specifically, do you believe the studio's roles will significantly change over the next 10 years? If so,how?
"Nowadays if a movie is good it makes a profit within a few weeks of its release. If it's not good, stop making bad movies then."
A commonly held belief used to justify piracy, but unfortunately it's untrue. Let's look at the new Iron Man movie, which most people would say has been a smashing success (all stats taken from the film's IMDB profile)
Production cost: $220 Million Marketing budget: $80 Million (Est.) Total Cost: $300 Million
Gross to Date: ~$300 Million Distributor's cut of gross (remember the theatre's need to pay their bills!) ~50% Net: ~$150 Million
So, two weeks after the biggest blockbuster of the summer, you're at a net loss of $150 Million.
In the film business, money is made in DVD sales / PPV / merchandising. You're lucky if you even break even from theatrical sales.
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...unless:
A) NBC has some sort of time machine which allowed them to skip ahead into the future, tape events, and then go back in time and use that tape.
B) The live wasn't actually live, but had a serious 30+ minute delay, which would mean you could see things on the 'Net feed a half hour to an hour before you could see them on TV.
Historically, it seems the greatest single barrier to entry for independent film producers was the cost of production; new technology is beginning to significiantly reduce some of the fixed costs associated with production.
How do you forsee the further reduction of production costs affecting the film business?
More specifically, do you believe the studio's roles will significantly change over the next 10 years? If so,how?
"Nowadays if a movie is good it makes a profit within a few weeks of its release. If it's not good, stop making bad movies then."
A commonly held belief used to justify piracy, but unfortunately it's untrue. Let's look at the new Iron Man movie, which most people would say has been a smashing success (all stats taken from the film's IMDB profile)
Production cost: $220 Million
Marketing budget: $80 Million (Est.)
Total Cost: $300 Million
Gross to Date: ~$300 Million
Distributor's cut of gross (remember the theatre's need to pay their bills!) ~50%
Net: ~$150 Million
So, two weeks after the biggest blockbuster of the summer, you're at a net loss of $150 Million.
In the film business, money is made in DVD sales / PPV / merchandising. You're lucky if you even break even from theatrical sales.