




Did you ever think about what makes a film truly successful? Is success measured by the amount of box office ticket sales? Is it the amount of award nominations it receives? Is it the amount of awards brought home, or is it the net profit it turns.
Success must be measured with a very contradictious eye. It is a commonly shared belief that more often than not, critically acclaimed films are box office busts. With exception of movies like Lord of the Rings and Titanic, the foremost complaint was that the Academy Awards ignore box office hits to instead focus on prestige pictures that relatively few people see. That was until 2012.
This year, seven of the nine ‘Best Picture’ nominees did not have huge marketing budgets compared to the expensive blockbusters, but still did very well at the box office. Movies like Argo, the Iranian hostage film that is set to gross over $140 million. Even with the uncertainty of audiences’ acceptance of musicals, Les Miserables is set to clear $150 million.
Quentin Tarantino's Django Unchained also joined this list grossing $165 million along with Lincoln"($90 million), Zero Dark Thirty (soon to reach $100 million), and Life of Pi ($115 million in the United States and a remarkable $670 million worldwide). Even Oscar nominated films such as Beasts of the Southern Wild and Amour made a profit. Although the last two films mentioned will make approximately $12 million and $11 million respectively, they were extremely cheap to make and profit will soar pass budget. For example, ‘Beasts’ returned 12 times what the film cost to make.
So, what caused the change in the box office success of smaller budgeted films? Could it be that moviegoers are beginning to appreciate more artistic movies or that marketing people are getting more effective? Perhaps it is a combination of both?
One theory of the recent success of these expressive films is that producers are tapping into more strategic, multi-faceted marketing campaigns that are similar in style but more cost effective than those of the big-budget campaigns used to promote blockbusters. Let’s also hope it means peoples’ taste in good movies is getting more sophisticated.
The artistic movies may not always be able to compete with blockbuster films featuring explosions, killings, and scantily clad actors, but at least for one year, they are in the running.
Who are your picks to win Oscars?