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Here is Oscar nominees for best picture are all still in the theaters and the recognition could mean a boost at the box office Miramax's No Country for Old Men which won best picture last year.
Saw -- 20% of its 74 million dollar box office gross after its nomination.
And wind could bump up dvd sales line you escape its crash saw 143%.
Jump in sales.
After it won the 2006.
Title joining me now with more on the impact to the Oscars.
What they might have a movie revenues are Ryan cooler he is the president.
A distribution and visual and audio incorporated and -- -- was a former executive vice president of finance for New Line Cinema.
Good morning gentlemen thanks for -- here morning.
Right Michael let me start with you.
Talked about the significance.
Of dvd sales how many factoring as opposed to a movie being -- in this -- They're huge it at this point dvd sales account for them the biggest piece of revenue in terms of market by market for a film.
So and they provide a great deal profit.
So M Ryan let's -- down those numbers when you look at the costs associated.
With putting a movie into asked -- as opposed to.
Creating a dvd and selling it in the marketplace walked me through that revenue Max.
Well basically when you put movie through the theater it engrossed point ten million a hundred million.
And a lot of people don't understand is that when they say the movie makes a hundred million at the box office that's actually the total revenue at the theater which is not the revenue that goes through the studio because the studio and the theater split that revenue.
It depends on the week and what its release but 4575.
-- -- 5050 in the in the opposite 75 point 575.
Going to the theater.
And vice Versa.
It's yet to go ahead.
OK so basically after that then the title comes out on dvd which usually the studio get 60% of their income from the movie on dvd.
Like he said they do make more money on dvd when it's released on dvd and that's always the best push -- the best financial -- or -- him.
And right and -- understand also that.
A movie's first weekend release or first week I think it is can dictate -- that 25% of the movie sales is that correct.
That's correct in the theater and then after that goes to dvd and then obviously foreign markets cable and all that bring -- extra revenue was well.
But dvd is the biggest -- brings in about 60% of the overall revenue for.
Felt so Michael what got an Oscar nomination because one of the things we've seen is we talked about crash we talked about -- the the older the other movies that have won.
Many of which have been smaller sort of lesser known films.
What is an Oscar nomination get.
It's big I mean a lot of these pictures were released until December sometimes studios will release a picture just for a week in December and in one or two markets.
To build critical acclaim and word of mouth.
And then in January once the nominations and and Golden Globes and -- start happening they go wide -- spend a little more money and try to get the box office.
So Michael -- in this situation where.
Basically all of the movie is if I look at the list right now of the movies in just remind people.
It's The Curious Case of Benjamin Button slum dog millionaire FROST/NIXON milk and the reader.
All five of those movies are currently in eight years so how will that affect their dvd sales.
Once we get thrill of the Academy Awards.
It can only help you know they will they will stay in theaters longer they'll do better box office.
And then the dvd releases will come in the spring and they will have whatever word of mouth and momentum.
Carried over from the Oscars.
You don't think using mine one of the big talkers right now is is that man.
They just a re released the Dark Knight even -- it's already out on dvd what's the thought process behind that.
Well I'm sure that Warner did a lot of their own research on the title and said well what's -- gonna do with the gonna affect dvd sales or increase it.
And you know Warner does know and they've made the right decision and I'm sure it actually will help both and it's a win win for them they're gonna make the money theatrically and on dvd.
Which is not commonly done so it's that it they're gonna do great and it's been their best title and really boosted their Christmas sales and the Dark Knight is a phenomenal -- peace especially being on Blu-ray which has you know.
More of technical perfection to it.
Yeah I'm just -- Ryan Blu-ray vs traditional dvd sales how did they do last year and what are your expectations -- a difficult economy will dvds cells still be strong -- blue -- Well dvd sales.
Overall the dvd industry was down a little bit -- Blu-ray sales actually help to pick it up.
Overall with 750 million units sold.
Last year alone so that Blu-ray is the new format and a lot of people are just into that and it it is the future because it's it's a better quality of a dvd.
You know Michael I was looking at the list of the movies that are nominated and how much money.
They have raised in the -- so far and just to bring people up to date here and the -- world -- Twelve million dollars you know.
Worldwide here's the list to me ten million -- we're not talking about.
Much money it all mean look at -- 21 and and none -- movies would ever fall under anything near blockbuster status.
So can they make up for this in their dvd thing.
Absolutely I mean that's why the Oscar nominations are so important to those films and both films also cost a lot less than a blockbuster to make so it's a great thing for those pictures because now people will go see them.
I I I'm definitely did and I think I have three checked off on the -- to -- you say.
Aren't -- like on my my favorite conversation talk about move.
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