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Film Industry Sees Record Domestic Sales in 2012

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    Mandalay Entertainment CEO Peter Guber on the outlook for the movie industry.

  • Duration 4:41
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Good news the movie industry posted record sales for the domestic box office in 2012 thanks to growth in attendance.

So can the studios who make these movies maintain the momentum into 2013.

Let's ask Hollywood heavyweight peer group.

Here's the chairman and CEO of Mandalay entertainment a good friend of this program and its network courtesy of Peter so -- evergreen Goddard all three or four years we hear of this new gizmo new gadget that's gonna change is gonna kill the box office in Hollywood first of course who's a VCR than the DVDs.

Then streaming video this is gonna be out at this GSE meeting yes -- yes meeting next week.

I understand ultra -- But it never works the box office always surprised why is that.

Well because.

People like location based entertainment they want to go out of their home -- so much time to spend in the home.

And the young audience especially so.

They -- mobile as -- -- sometimes even cost out and like to watch movies in say it is without the people they disagree and agree with.

Well it all.

Sag members of the screen acting and screen actors' guild of course -- director's guild of America the after people they'll get dvds of the movies before they've even -- and I talk to everybody who watches in the -- -- -- is in the movie theater or.

Seen -- zero dark thirty in the movie theater there's still -- that experience.

Of being in a darkened theater with other people.

And I gigantic screen so if that's saves us is that the reason but sky -- the James Bond movie.

Broke the James Bond record broke that billion dollar mark which no other James Bond film has ever done because it was such a great big screen experience.

Whether this jury is one it was a really good film at the end of the -- that counts for a lot really really good felt -- watching sky fall on -- screen this thing.

I don't care warn you are all watching all the big giant experience films on screens that big.

Is not the same as being in a theater and having that experience it is something very unique and special.

That's what's driven these movie companies to these larger events you don't watch driving was daisy on that film on -- -- that screen or Rain Man up or in the small independent films that today populated the business.

But the big.

Money you make is in the big global franchises are best viewed in IMAX 3-D -- on giant screens.

The communal experience and that's what's kept the audience.

-- growing for the first time in two since 2000 joke and that's what's made the revenues so robust and I think that's what tells you what next year will be terrible.

Moderate Rain Man was one of mr.

Guber -- productions it was a great pick I saw sky fall on IMAX it was extraordinary nymex is no way can come close of that at home.

But let's talk about sequels for second Hunger Games that was actually my favorite movie in in the last I'd love -- -- and of course.

That's going to -- -- -- a sequel I think it's coming out in 2013.

You've done films that have been made industry -- like that man for -- but why you're making that man.

Did you think that it would be made into a sequel where you thinking ahead into the sequel.

Hey you invest so much money and so much time -- a project you just wanna get to the finish line sequel I mean -- playoffs the politics critical rules not all of.

You're trying to make -- America in the beginning and importing every ounce of Joe's.

And -- -- -- now the studio is always thinking about that because they're looking to build those franchises but you read it did not get your accent on the wrong -- -- quite elaborate -- a lot.

Up up up if I get that you definitely don't want the -- all right what looks good for 2013 from your experience -- Peter.

We found dead in my dear guess what it sounds like when you listen to the film's man of steel which is -- -- sounds like a sequel Hobbits sounds like a sequel sought -- sounds like a sequel I -- -- out what -- -- -- So the dark world sounds like a sequel Hunger Games sounds like a sickle cafeteria six sounds like disabled -- about three sounds like a sequel hello -- -- Hello Boston accent.

And -- -- when.

Are we going to see Sinatra.

You guys have been talking about Sinatra for a while we're we're dynasty Sinatra real good biopic on Sinatra I'm planning a sequel -- -- -- -- sick while not periods and I seriously any chance we'll see that in 2013%.

Ahead.

I think it's ahead you know but you know these things take a long time suggested there's a lot of moving -- a lot of people have to approve.

It's a true life story I live with the bad back him for nine years so it's not like these things -- spreads they're all marathons I want bad news.

There's part four all right thank you a theater you.

Yeah yeah that that happened -- Peter the Great to see a Mandalay entertainment chairman and CEO he owns a lot of sports teams do but we'll talk about that some -- -- -- -- -- -- Peter thanks again.

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