Jul 1, 2008

critics predict flicks' tix

Small reason for optimism: with some careful calculations, Erik Lundegaard shows that critically acclaimed films actually outperform the dreck.
The numbers are starkest with limited-release films (fewer than 2,000 screens). Art-house films that critics loved, such as Away From Her and The Diving Bell and the Butterfly, averaged $3,113 per screen, while arthouse films critics were iffy about, such as Interview and Margot at the Wedding, didn't even do half as well, averaging only $1,322 per screen. Some people are paying attention.

Percentagewise, the critic effect is less pronounced for the supposedly critic-proof blockbusters, but it's still there. On average, the "fresh" blockbusters, such as Harry Potter and I Am Legend outperform the "rotten" blockbusters, such as Wild Hogs and The Bee Movie, by more than $500 per screen. Almost any way you slice it, if a majority of critics like a movie, chances are it will do better at the box office than a similar film the majority of critics don't like. Far from being elitist, movie critics are actually a pretty good barometer of popular taste.
More like a thermostat than a barometer, I'd reckon. Barometers measure; thermostats measure and influence.

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