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Big budget blockbusters like the long ranger and Pacific rim flopping of the box office -- summer is on track.
To be the best ever for movie studios joining us down and discuss that paradox and a great deal more.
Peter -- chairman CEO of Mandalay entertainment Peter good to have you -- this.
I I heard.
I don't know but I've heard so much -- leading into -- summer as I have this one.
And yet we do we learn that despite all these big blockbuster flops.
You guys -- make -- a heck of a lot of money.
-- the statistical probability small films big films the same but.
These studios have to make the big thumbs overheads -- -- on that massive in order to move the needle have to focus on ten balls franchises.
And you will have flocked there will be blood Lone Ranger certainly RI PD certainly Pacific -- all these films don't live up to expect -- is the worst yet.
Get written down immediately because they are flops you have to expect that.
But they have no choice but to make those if they want to.
Fund those big studios to have to make.
He's big pictures.
Big pictures in big pictures doesn't disqualify.
Anyone certainly Iron Man.
You know twelve when the -- The competition let's take a look at at a group of five.
Films this summer all of them are Israel look at this full screen Iron Man three as I said.
Bringing in 407 million.
Big budget of course all of these are big budget despicable me two men of steel.
All of those.
Are not exactly what would -- an original idea.
And once I kind of -- -- is -- is a movie fan and I get kind of irritated with.
The sequels and once has somebody gorilla like and -- I demand the sequel of -- want to just about everybody else.
But some of that stuff that I mean RI PD.
Our producer in his or her right mind thinks that is going to work.
The Lone Ranger worth the -- -- For crying out loud playing I don't know I mean this is just crazy stuff -- got great talents and upside down ideas.
What's thought Iraq.
Yeah how well your studio and our gore prevents -- the director and Jerry Bruckheimer the producer who brought you all the pirates won two with three they're gonna make another sequel next yeah.
He comes in with a picture and they got Johnny Depp playing it in in in that kind of -- -- It's you know maybe it's irresistible you have to you have to be kind of -- village idiot to say no when those that'll go -- down comes in so the studios are forced.
To go after these big pictures and the look for some certainty what do they look for proven IP -- an intellectual properties proven comic books.
Proven comma con events sequels remakes reboots.
That drive for a certainty in a business that is so much risk.
Is inevitable and what that means is when you get that franchise you make them like flap -- try to make them every two years.
And that goes on and on -- next year they said while we're gonna turn it down.
They're already announcing another pirates they're already announcing another fast -- there is they're already announcing another avengers and more -- more of the same.
It's inevitable the studios.
Have to go big.
All -- expect and and China the China movies were poor girl or are they playing.
In the production.
And the financing in these movies and that.
In what appears to be a change in the product for -- -- for an international audience.
Well look at this way so when I grew up in the business you didn't call it international -- the foreign -- foreign to most of the executives in the company right in -- -- A very small piece of the -- Today the international is 2.0 2.3 times the domestic box office so we're reviewing -- -- -- Seven billion people 300000007000000300.
Million where would you -- in your content and your business good -- -- towards the biggest broader audience.
And that's what -- going.
And and the China group home how big a play is it for -- Chinese market.
And and where are they intend forty years -- in the movie business.
The opening ten screen today they bought below is an AMC chain want ads they are very -- -- -- There it's a seduction running studio making a -- they have to think about China they want to use some capital to make the films from China.
So there's some influence from that market and it's still a market that's emerging.
But it's gigantic -- Russia you know is it isn't just emerging India.
He's a huge markets the seduction of these markets is enormous.
A lot of capital area so they play through -- they try to make some of the elements be influential than our markets will be better.
Not not not a bad time be a movie star producer perhaps a studio despite some.
Well gnashing of teeth and -- that we hear from time to time -- -- it's always great and instructive to talk with thanks for being with us.
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