Wednesday, April 27, 2016
The Global Film
The image above is the movie poster for Terminator: Genisys. In this new global economy, exports are a big part of determining the success level of an economy. Now determining what America's largest export is, is difficult but most sources seem to believe it is agricultural products. However, surprisingly the second largest American export is entertainment, including film, tv, and music. The impact of American films and the global economy can be found in the box office and locations where the movies were made. Most films that are successful will make their money back in the domestic box office. Terminator: Genisys is seen as a failure of a movie because it made back only 58% of its production value. It was panned by critics, yet the studio was, for a while, planning to make a sequel. This is because while the movie only made 89 million dollars in the US, it made 350 million dollars in the global box-office. Early in Hollywood's history, if a movie did not do well in the United States there was no chance that a sequel would be made. However, now movies can do well in the foreign box office and earn a sequel. Transformers: Age of Extinction is another movie that did not do well in the US, making only 245 million dollars, while it destroyed in the foreign box office, making 858 million dollars. The majority of this money is coming from Chinese audiences and Paramount has said they are aiming to film more of the upcoming series in China to bring in more of the Chinese audience.