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S&P Capital IQ Equity Analyst Tuna Amobi talks about what studios can expect financially if their films win an Academy Award.
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-- this joining me now is tuna a -- entertainment and media analyst at S&P capital IQ.
Thanks for being here because there really isn't this a story it's a lot of glitz a lot of glamour but it turns -- -- nice cash windfall if you laugh and up -- land that's pretty ES statue.
Statues but numbers.
On paper form me as to what we can expect if you if what the studious -- expect that -- -- end up winning well -- You alluded to this year is actually -- first chino while that we're seeing the Oscar bounce whereby.
-- a lot of these films have gone ahead since the nominations were announced to actually.
You know performance.
Very exceptionally well the box off -- so while I don't think the correlation is being -- strong.
As it has been appreciate your.
Change -- -- getting nominated you start to see -- pick up.
That that that's right but not so much last -- to remember the the the last he had it very different crop of art house films that you had you know film -- descendants and ended up winning bodies -- -- winning a lot of those people were really seen by moviegoers.
Now fast forward this year I you've gotten a either a bunch of -- -- of films that -- widely acclaimed.
I think you've coming off of the fourth consecutive.
Record domestic box office a lot of this -- have very great international appeal.
I would argue that the reason why -- scene -- lot of films that commercial success.
I got nominated is that -- -- -- is actually looking to stem what has been a multi year ratings decline and we may just be lucky to how.
The ratings and prevent these days of the winner let's say the best picture out whichever film it is -- -- really get a big boost afterwards -- they already -- the but they would take priced in they they've gotten before the awards well actually starting to gate now and I think that a good.
Proportion off the balance that I eluded -- since the nomination when -- is actually.
Occurred.
You know about a third of the box office this films that are still plane have a card act and keep your mind some of -- spend actually.
Out of the theatrical channel in summer and indeed media etc.
But -- I think they'd -- it's very very favorable to be non.
-- tune and box top isn't only a small piece of the overall revenue stream -- dvds and of the digital.
And Ambac and tale of the very you can say.
Also highly impacted by this what so what are we talking about there.
So you're talking about you know very huge potentially home video market which is actually a major.
Op profit center for the studios so you can expect that the ultimate winner and in fact all of the nominees most of them will actually go ahead.
India home video channel to -- very -- rewards.
On still over I think there's all kinds of potential in -- merchandise in.
You know as -- does subscription video on demand Netflix it's that are -- -- all of these are all up potential very quickly anything's going to be the big winner.
Well I think -- Bentley I would go away if you know link then I'll tell you have to field for Ben Affleck who was that's left out of -- directed so -- is actually got -- someone that I thinks they're too I think he's going to be big winner this weekend to an MO BS and IQ.
