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VBG-jon
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« on: August 20, 2009, 09:37:28 AM » |
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Jim says:
August 19, 2009 at 12:10 pm
HERE IS THE 2009 YEAR-TO-DATE BOX OFFICE PERCENTAGES BY STUDIO
STUDIO MARKET SHARE
View: YEARLY BREAKDOWN STUDIO LIST
2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000
January 1–August 16, 2009
Overall Gross: $6.908 billionRank Distributor Market
Share Total
Gross* Movies
Tracked 2009
Movies**
1 Warner Bros. 20.4% $1,412.5 24 15
2 Paramount 18.5% $1,275.5 13 10
3 20th Century Fox 13.1% $902.6 15 10
4 Buena Vista 12.4% $855.3 16 10
5 Sony / Columbia 11.3% $777.2 16 13
6 Universal 9.4% $647.6 15 11
7 Lionsgate 3.4% $236.3 8 6
8 Fox Searchlight 3.1% $212.9 8 5
9 Summit Entertainment 2.3% $160.0 8 6
10 Focus Features 1.5% $105.2 6 5
11 Paramount Vantage 0.8% $56.9 3 1
12 MGM/UA 0.6% $42.8 4 0
* In millions. ** # of total movies tracked that were released in 2009.
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Sony? says:
August 19, 2009 at 12:20 pm
So you see the problem.
You cannot fit every studios wishes by giving 20% to a company that only did 11%.
Hard to fit 220% of contracts into a machine!!!
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Michael says:
August 19, 2009 at 1:02 pm
Redbox has mentioned that the “early bird gets the worm” when it comes to contract negotiation, so that explains why Sony has the highest market-share in their kiosks. Lionsgate made a similar deal, too.
I do agree, though, that these contracts are probably not the best thing for consumers, unless of course they mean Redbox staying in business and keeping rentals at $1/night.
I am definitely not a fan of the deals they have made the require them to destroy – instead of resell – their old inventory. There are always compromises to be made, though, and we just need to hope they work out for the best, or do something about it.
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Sony? says:
August 19, 2009 at 1:07 pm
I can see why the other studios wouldn’t like this deal either!!!
Regardless of the early worm.
You lock yourself into a bad deal with a player in The NBA and you might not be able to sign the better free agents.
There is definitely a Finite amount of room in these machines and you can’t overpay for a lower player.
Regardless I hope things work out, but I can see why this is so messy.
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TulsaMJ says:
August 19, 2009 at 12:12 pm
Seems like what will happen if Redbox has to pull titles from a particular studio is that people will find out why (i’m sure Redbox will find a way for the kiosk to tell them what’s up) and it will draw negative attention to the studio itself. Right now people don’t generally know or care what studio makes what movie. I’ll bet if someone pulls their films from Redbox, people will start to care. I still think Redbox has just about all of the chips here… they give the public something they really want, their branding (primarily the huge red kiosks) is becoming more familiar and welcome all the time. Heck, you rent for a dollar and the late fee is essentially a dollar! The only way a movie studio will win in the court of public opinion is to give their movies away, which is of course absurd. And if one of the studios manages to win with a judge, they’re only going to rain down anger on themselves via the people. And the people are the ones with the money to spend. Not finding it in a Redbox won’t convince people to buy it in the store; if you wanted to rent it, you didn’t WANT to buy it.
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KenCA says:
August 19, 2009 at 1:50 pm
I don’t know why these studios seek Redbox to postponed new releases for 1 month after street date, but redbox customers would just wait another month for the new releases. it doesnt matter, because there already months in delayed while still at the box office, another month is not going to do any harm, in the meanwhile there’s are plenty to do in daily lives and a month goes quickly. In addition the DVD rental quality is much better than online and some SAT/CABLE providers on demand movies, one of the reasons why kiosk rentals particular Redbox becoming very popular.
In addition, I hope none of the studios that have agreement with Redbox not to make them destory old DVD, this is insane and not ecological wise. Go Green!
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Chris says:
August 19, 2009 at 2:22 pm
I can’t quote the statistics, but it’s been in the news that DVD sales are way down in recent months (years even?). The studios seem to think it’s “merely” because people are renting from RedBox instead. In reality, it seems there’s a recession bordering on depression in the world today. Luxury items i.e. entertainment tends to take a big, early hit when times are tough.
I agree with others here that preventing rental will not lead to sales. It will just lead to unhappy customers who will steer away from certain studios when these consumers begin making those big, fat dollars of old.
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kally says:
August 19, 2009 at 3:31 pm
I think it goes even beyond the economy. I think there are at least two additional factors here. 1) The video industry, like the music industry, is moving towards digital; and 2) consumers are also moving towards the idea of subscription services (Netflix) rather than ownership. Consumer preferences have changed and the DVD shelves at retail stores are shrinking. Redbox’s price point and convenient locations have positioned them for success. This is how they have bucked the trend. If the studios do end up delaying rental releases for one month, their DVD sales will continue to fall. Really no one wins in this scenario.
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Carson says:
August 19, 2009 at 3:36 pm
If Redbox loses and has to choose between raising prices or waiting 28 days, I would choose to raise prices, since I only use free codes anyways. I’ve been using redbox for about 2 years getting about a dvd per week and have yet to pay a single dollar…
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Carson says:
August 19, 2009 at 3:43 pm
BTW, thanks inside redbox!
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Bobby says:
August 19, 2009 at 4:10 pm
That does not necessary you will continue to receive free codes. As far I understand this month could be the end of it.
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FoxWins says:
August 19, 2009 at 5:52 pm
@Carson – Free dvds each week over the past 2 years? Nice. You’re the king of the Redbox cheapos. Interesting though that you would prefer higher prices over delayed availability. My guess is that the kind of people who rent from Redbox would favor the lower price.
@Mark – Nothing wrong with creating a website for PR. However, it smacks of desperation. If Redbox had a strong case, then why start a PR campaign? And why now, after 2/3 of its case just got dismissed? Redbox knows it’s going to lose in a court of law and is thus trying to move the battle to the court of public opinion.
@Mike – Not a shill for anything. I started commenting a week ago, and there’s really been nothing positive to say given recent news. Like I said, Redbox HAD a great business model, one that was subsidized by the studios willingness to offer wholesale prices. All good things come to an end, and Redbox will soon have to choose between offering $2 rentals on day 1 or $1 rentals on day 30.
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pissandvinegar says:
August 19, 2009 at 7:14 pm
@FoxWins- still not willing to be honest about your motives
…and yes there is an anger or jealousy driving you…
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FoxWins Is_a_Sphincter says:
August 19, 2009 at 9:09 pm
@FOXWINS – You’re a sphincter. Please continue to expand and contract and expel the vile Redbox hate that permeates your interior.
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Jon says:
August 20, 2009 at 8:06 am
You guys are funny. Alls everyone here sees (other then foxwins) is that yeah you get to rent a movie for a buck. Nobody here sees the effect Redbox is having on the entire video industry. First they are devaluing DVD’s saturating the market with previously viewed, They are destroying the movie rental business forcing store after store to close, They are devaluing the sell thru business. How is any of this good? So the studios make less money ok then they make less movies or cheaper movies. How can you honestly say that redbox growing at everyone elses expense is a good thing. I’m telling you that if you were trying to make your money at my expense I would not just stand by and let it happen. I applaude the studios for at least taking some kind of action to protect the movie industry from being destroyed all so red box can turn a buck. And if this is an honest forum all viewpoints would be welcomed and debated not called sphinctes that just shows a closed mind not an informed one!!!!! Everybody has a right to their own opinion and to voice it.Anyways the way I see it is Redbox has 2 choices change there model or don’t deal in day and date movies.
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John says:
August 20, 2009 at 8:31 am
Right on brother!
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John says:
August 20, 2009 at 8:33 am
Absolutely Correct!
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John says:
August 20, 2009 at 8:29 am
On the flip side…if Redbox wins, the studios could bring back tiered pricing…for example, charge $40 for a new release DVD….reducing the price back down to $20 in 30-45 days…even thought that’s an unlikely scenerio, if put in place it would force Redbox to raise prices,Slow down their growth and make them a non issue for the Bricks and Mortar stores…which by the way, add to the economy by paying employees to work at their stores.
Rev share, won’t work with the Red Box model….why would the studios take 37% of $1 when they can get 37% of $4 on a 2 day rental at Blockbuster…which by the way is increasing buys on Universal, Fox and Warner titles starting in Oct…..so as soon as the customer realizes they can’t get most New Releases at Redbox they’ll migrate back to bricks and mortar……
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Jim says:
August 20, 2009 at 8:52 am
Paramount is already beginning to experiment with tiered pricing, although on weaker titles ( Dance Flick on September 8th and Imagine That on October 6th.) , pticed at $27.99 each through VPD. Dance Flick will be available at retail in early 2010 and Imagine That will be available at retail either 4 or 8 weeks after the rental release date ov October 6th.
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Jon says:
August 20, 2009 at 9:27 am
I’ll be real curious how redbox will handle the circumstances they find themselfs in now. I don’t see how they can afford to purchase 50% of their titles retail operating on under a 2% profit margine. If they make $25 on an A title and have to purchase it at retail that slim profit margin they were working with soon becomes a negative # unless they slow their growth to deal with this. Then what comes into play is going to be the life cycle of these machines being around what 5 years, Having to pay employes to purchase-repackage-then stock these titles, and how the public is going to react to no more free codes and a more B-rated movie selection in the kiosk along with probabally not a very big copy depth of the A titles having to be bought at retail.I personally don’t believe whats left of the Universal Lawsuit is going to be settled anytime in the near future leaving redbox alot to deal with as far as staying viable. Even if Redbox does prevail the deals they are currently making now are still favorable to the studios. So win or lose these lawsuits I think Redbox loses. Paramont right now is the deciding factor on how bad those losing factors are going to be If they fall on the against side redbox is screwed if they fall on the for side redbox is screwed because paramount is going to get some favorable terms.
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