Math in the News: Issue 111--Summer Blockbusters

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The document discusses summer blockbuster movies. Some key points: - Summer is the peak movie season due to school being out and families looking for affordable entertainment options. - Blockbusters are big-budget films released in the summer that draw huge audiences and make substantial profits. They typically feature recognizable stars, special effects, and family-friendly content. - Examples of past summer blockbusters that fit this profile are provided. - Data on the budget and earnings of Avatar, a highly successful blockbuster, show it had a budget of $425 million and grossed $760.5 million, resulting in a profit of $335.5 million.

Education

$Summer: The Season of Blockbusters$

$What you will learn • Summary • In this issue of Math in the News we look at the statistics behind summer blockbusters • Solve gross cost/profit problems • Analyze data in graphical form$

$What Is a Blockbuster? • With movies, a blockbuster is a film that draws huge audiences and makes lots of money. • Summer has become the season where BIG movies are anticipated and released for hordes of moviegoers to see. Source: http://www.history.com/topics/black-history/muhammad-ali$

$A Brief History Get a brief history of movie blockbusters with this video. (Note: The video is preceded by a short ad.) • Yahoo News Story https://www.yahoo.com/news/the-summer- blockbuster-explained-katie-couric- 001218030.html?ref=gs$

$What Makes Summer A Good Time for Movies? • School is out, so theaters can count on bigger audiences. • Families need something to do with their free time. • It is an affordable outing. • Movies are good for all ages. • Summer is HOT. Source: http://www.investopedia.com/articles/investing/092414/what-drives-summer-blockbuster-movie-profits.asp; https://www.artinstitutes.edu/blog/the-science-of-summer-blockbusters$

$Summer Compared to Other Season A comparison of earnings between summer and fall shows the success of summer movies. Source: http://www.boxofficemojo.com/seasonal/?chart=byseason&season=Fall&view=releasedate $0.00 $1,000.00 $2,000.00 $3,000.00 $4,000.00 $5,000.00 $6,000.00 2011 2012 2013 2014 2015 GrossEarninginMillions($) Total Gross Earnings of Movies by Season Summer Fall$

$The Movie Industry Has Caught On… Hollywood production companies know that several qualities make for a blockbuster. Source: http://www.investopedia.com/articles/investing/092414/what-drives-summer-blockbuster-movie-profits.asp; https://www.artinstitutes.edu/blog/the-science-of-summer-blockbusters Family Friendly Recognizable Stars Big Special Effects$

$Past Blockbusters Do past blockbusters fit the bill? …..These do! What other summer movies fit the equation? Source: http://www.investopedia.com/articles/investing/092414/what-drives-summer-blockbuster-movie-profits.asp; https://www.artinstitutes.edu/blog/the-science-of-summer-blockbusters Family Friendly Recognizable Stars Big Special Effects$

$Follow the Money • Most important for production companies is the fact that these big summer movies tend to bring in big bucks. In fact, they bank on it. • Blockbusters are costly to produce. • Budget: the amount of money it takes to produce a film. • Gross earnings: The amount of money the film brought in • Profit: Gross Earnings – Budget • The goal of a blockbuster is to make a BIG profit. Sourcehttp://www.gq.com/story/manny-pacquiao-boxer; http://www.pinoygreats.com/$

$Profit Analysis Lets take a look at one of the Summer blockbusters and see how it did. (Source: http://www.the-numbers.com/movie/budgets/all ) Source: http://www.the-numbers.com/movie/budgets/all • WHAT WAS THE PROFIT OF AVATAR? Budget in Millions Gross Earnings in Millions Profit in Millions $425 $760.5 $? Avatar Profit Analysis$

$PROFIT ANALYSIS Profit = Gross Earnings – Budget Source: http://www.the-numbers.com/movie/budgets/all Problem: Avatar Profit? Solution: Gross Domestic Earnings (millions): $760.5 Budget: $425 Profit = 760.5 – 425 335.5 = 760.5 – 425 Avatar Profit = $335.5$

$Summary • This graph summarizes the relationship between profit and budget for the movie. • Do you think this is typical of most blockbuster movies? • What would it mean for the green section to be greater than 50%? $335.50 Avatar Budget in Millions Profit in Millions $425$

$Now It’s Your Turn • Analyze a blockbuster: • Pick one of your favorite blockbusters from the last few summers. • Visit http://www.the-numbers.com/movie/budgets/all . • Search your movie in the search box. • Or use the data from the next slide. • Look at the gross earnings and the budget, and create a pie chart to show the profit. Source: http://www.the-numbers.com/movie/budgets/all$

$Box Office Data Source: http://www.the-numbers.com/movie/budgets/all$

Math in the News: Issue 111--Summer Blockbusters

1. Summer: The Season of Blockbusters

2. What you will learn • Summary • In this issue of Math in the News we look at the statistics behind summer blockbusters • Solve gross cost/profit problems • Analyze data in graphical form

3. What Is a Blockbuster? • With movies, a blockbuster is a film that draws huge audiences and makes lots of money. • Summer has become the season where BIG movies are anticipated and released for hordes of moviegoers to see. Source: http://www.history.com/topics/black-history/muhammad-ali

4. A Brief History Get a brief history of movie blockbusters with this video. (Note: The video is preceded by a short ad.) • Yahoo News Story https://www.yahoo.com/news/the-summer- blockbuster-explained-katie-couric- 001218030.html?ref=gs

5. What Makes Summer A Good Time for Movies? • School is out, so theaters can count on bigger audiences. • Families need something to do with their free time. • It is an affordable outing. • Movies are good for all ages. • Summer is HOT. Source: http://www.investopedia.com/articles/investing/092414/what-drives-summer-blockbuster-movie-profits.asp; https://www.artinstitutes.edu/blog/the-science-of-summer-blockbusters

6. Summer Compared to Other Season A comparison of earnings between summer and fall shows the success of summer movies. Source: http://www.boxofficemojo.com/seasonal/?chart=byseason&season=Fall&view=releasedate $0.00 $1,000.00 $2,000.00 $3,000.00 $4,000.00 $5,000.00 $6,000.00 2011 2012 2013 2014 2015 GrossEarninginMillions($) Total Gross Earnings of Movies by Season Summer Fall

7. The Movie Industry Has Caught On… Hollywood production companies know that several qualities make for a blockbuster. Source: http://www.investopedia.com/articles/investing/092414/what-drives-summer-blockbuster-movie-profits.asp; https://www.artinstitutes.edu/blog/the-science-of-summer-blockbusters Family Friendly Recognizable Stars Big Special Effects

8. Past Blockbusters Do past blockbusters fit the bill? …..These do! What other summer movies fit the equation? Source: http://www.investopedia.com/articles/investing/092414/what-drives-summer-blockbuster-movie-profits.asp; https://www.artinstitutes.edu/blog/the-science-of-summer-blockbusters Family Friendly Recognizable Stars Big Special Effects

9. Follow the Money • Most important for production companies is the fact that these big summer movies tend to bring in big bucks. In fact, they bank on it. • Blockbusters are costly to produce. • Budget: the amount of money it takes to produce a film. • Gross earnings: The amount of money the film brought in • Profit: Gross Earnings – Budget • The goal of a blockbuster is to make a BIG profit. Sourcehttp://www.gq.com/story/manny-pacquiao-boxer; http://www.pinoygreats.com/

10. Profit Analysis Lets take a look at one of the Summer blockbusters and see how it did. (Source: http://www.the-numbers.com/movie/budgets/all ) Source: http://www.the-numbers.com/movie/budgets/all • WHAT WAS THE PROFIT OF AVATAR? Budget in Millions Gross Earnings in Millions Profit in Millions $425 $760.5 $? Avatar Profit Analysis

11. PROFIT ANALYSIS Profit = Gross Earnings – Budget Source: http://www.the-numbers.com/movie/budgets/all Problem: Avatar Profit? Solution: Gross Domestic Earnings (millions): $760.5 Budget: $425 Profit = 760.5 – 425 335.5 = 760.5 – 425 Avatar Profit = $335.5

12. Summary • This graph summarizes the relationship between profit and budget for the movie. • Do you think this is typical of most blockbuster movies? • What would it mean for the green section to be greater than 50%? $335.50 Avatar Budget in Millions Profit in Millions $425

13. Now It’s Your Turn • Analyze a blockbuster: • Pick one of your favorite blockbusters from the last few summers. • Visit http://www.the-numbers.com/movie/budgets/all . • Search your movie in the search box. • Or use the data from the next slide. • Look at the gross earnings and the budget, and create a pie chart to show the profit. Source: http://www.the-numbers.com/movie/budgets/all

14. Box Office Data Source: http://www.the-numbers.com/movie/budgets/all

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Math in the News: Issue 111--Summer Blockbusters

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