I enjoy reading Tagline for the sharp cinematic analysis, but I particularly dig it for its frequent schadenfreude. Today they have a look at recent box office returns:
For a flick that was marketed as consisting pretty much of our Jude parading his way through a variety of stylish duds and sexy ladies, ‘Alfie’ somehow managed to cough up an estimated budget of $60 million. Throw in a (conservative?) chunk of change for that aforementioned marketing – say, $30 million? – and you have one hefty bill for basically securing a couple of pic-heavy interview spreads in style magazines. And, the all-important box-office? A trifling $11 million in ten days, in this, a season when the (apparently) execrable – and similarly budgeted – ‘Bridget Jones: The Edge of Reason’ can make $8 million in one week and on just 530 screens. Or, when ‘Seed of Chucky’ can also rustle up $8 million in its opening weekend.
That’s great. Alfie is such a shoddy-looking, transparent star vehicle. The marketing material seemed to yell “hey, 18 to 35-year-old women, yield to our will and pound, panting and sweating and lemming-like, at the cinema doors!” One of the reasons Alfie failed, I’d bet, is that not a single dollar was spent marketing the film to men. And, as you may know, genders often attend movies together. Besides, apparently the original is a decent-enough film.
In the end it will probably make back most of its investment. It’s already made an additional $9,060,365 overseas for a total of over 20 million and still has the remained of its theatrical run, PayPerView, rentals, sales, and possible TV runs left to regain its funds.
Plus, I don’t think that the studio spent $30 million on advertising, which seems extreme.
P.S. Thanks for mentioning HSX.com back in February. I’ve been enjoying it since then and have accumulated 44 million.
Thanks for that, Jeff. You’re right, they probably will make their money back. However, I’ve read that the marketing budget is typically half the production budget again, so I don’t think $30 million is too far off the mark. This article says:
“Now, production budgets regularly run upwards of $150 million and their marketing campaigns add another $50 million to $80 million to the tab.”
So, that suggests that the typical marketing budget might be 33% to 55% of the production budget.