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A Detailed Analysis on the Success and Failure Rate

in Entertainment Industry

Parth Sarthi Srivastava, Md.Waris Khan, Siddhanta Mishra, Sujay Hiremath


Reg. Nos. - 15BEE0142, 15BEE0092, 15BME0574, 15BCL0036
B.tech,, VIT University, Vellore-632014

Abstract: Making a successful blockbuster movie is the successful. Moving forward we will associate a feature film or
ultimate in project management. Movies have long had a large film production with the general term movie. This paper
mystique that has captivated many an audience. The work and seeks to provide an opportunity to explore practices and
preparation that goes on behind the scenes to make a successful processes utilized by movies, those that lead them and those
movie is a model we could all learn from. Each year in India, that participate in them by observing and commenting on what
thousands of films are released to domestic audiences in the hope makes them successful in meeting their goals and to uncover
that they will become the next “blockbuster.” The modern film and capture the significance of project management practices to
industry, a business of nearly 2.5 billion dollars per year, is a the motion picture industry. Our goal is to contribute these
cutthroat business. According to industry statistics, six or seven
findings to a wider project management community.
of every ten films are unprofitable, making the business risky at
best. Given this inherent risk, how do film studios decide which
films to place their bets on? Are there common factors, such as II. INDIA’S FILM INDUSTRY
critical reviews, movie rating, or production budget, which The Indian film industry is the largest in the world in terms
explain one film’s monetary success relative to another? This of number of films produced within between 1,500 to 2,000
question forms the basis of this research project. The interview of
films produced every year in more than 20 languages.
few pioneers in this field have also been given in this research
project.
Historically, the film industry in India has grown at a CAGR of
over 10%. Currently, the film industry grosses total revenue of
Keywords—Project Management, Blockbuster, Film Industry INR 138 billion ($2.1 billion). Going forward, the industry is
expected to grow at 11.5% year-on year reaching total gross
realization of INR 238 billion ($3.7 billion) by 2020. The key
I. INTRODUCTION growth drivers are expansion of multiplexes in smaller cities,
It is generally accepted that the project management investments by foreign studios in domestic and regional
profession exists within a spectrum of industries, ranging from productions, growing popularity of niche movies. The domestic
engineering and construction to information technology and box office contributes to the majority of the revenue,
manufacturing. Of course, other industries engage in project representing 74% of the total industry. Cable and satellite
management, but their practices may be less documented or rights and online/ digital aggregation revenues are the fastest
publicized. The motion picture industry, not often represented growing segments. The Indian film industry is dominated by
in the project management discourse, is an industry that is Bollywood, the Hindi film industry, contributing 43% of the
expected to provide a unique perspective for the study of revenue while regional and international films contribute the
project management. Project Management at the Movies has a remaining 50% and 7% respectively. Within the regional film
people focus which is one of the most difficult aspects of industry, Tamil and Telugu are the largest segments
managing any project (Standish Group, 1995). We chose to comprising approximately 36% of net box office revenues
research film project management due to its wide appeal yet followed by Bengali, Kannada, and Malayalam films.
limited presence among project management references, Currently, international films is a small, but growing segment,
academic sources, and published literature. A movie fits the driven by rising numbers of English and other foreign language
description of a project - Start, End, Unique Endeavour (PMI, speakers, as well as rising numbers of international movies
2004). But how often do we in the “real world”, detached from witnessing dubbed releases across the country.
the silver screen, consider what people in the movies do to
complete their projects. Movies however hold a mystique,
capture people's attention, motivate and excite. When you can
get people's attention they are better positioned to learn and
apply that learning. Examining project management from the
movie or feature film context can provide another valuable tool
in the development and adoption of project management
processes throughout organizations with the view to lifting
organizational project management maturity and increasing the
chances of successful delivery of projects that are deemed to be
The motion picture industry, not often represented in the
project management discourse, is an industry that is expected
to provide a unique perspective for the study of project
management. We chose to research film project management
due to its wide appeal yet limited presence among project
management references, academic sources, and published
literature. This paper attempts to uncover and capture the
significance of project management practices to the motion
picture industry. Our goal is to contribute these findings to a
wider project management community.

Project Scope

“Project scope management is primarily concerned with


Figure 1 : Film industry revenues ( INR BILLION) defining and controlling what is and is not included in the
project.” (PMBOK Guide).

The movie projects begin with the initial idea inception stage
which leads to the full scripted storyline of the idea. This script
would then be pitched in front of Producers who would be
willing to finance this project. [Note: Unlike Hollywood, where
studio networks provide the funding, filmmaking in India is
primarily financed by individuals]

The definition of the scope of such a huge project is very


important as it clearly maps out what key activities should be
carried out for the planning, arranging, controlling and
implementing of the project successfully.

Hence, the scope of the project would involve activities which


would span from pre-production planning and arrangements,
scheduling and budgeting, to the actual shooting procedure, as
Figure 2: Category-wise Break-up of Revenue
well as post-production activities. Further, in terms of the
Source: Deloitte Report - Economic Contribution of the business context, this project would necessarily aim at
Indian Motion Picture and Television Industry producing the planned film (which is the end product) within
the scheduled time. Controlling the entire procedure of making
Maintaining the Integrity of the Specifications the film is divided into manageable sub-divisions and the crew
The template is used to format your paper and style the text. members are assigned their respective roles and responsibilities
All margins, column widths, line spaces, and text fonts are e.g. Set Building is to be supervised by the Art Director,
prescribed; please do not alter them. You may note Cinematography is to be handled by the Director of
peculiarities. For example, the head margin in this template Photography, who also co-ordinates with the related
measures proportionately more than is customary. This departments like Sound, Lights etc.
measurement and others are deliberate, using specifications
that anticipate your paper as one part of the entire proceedings, Based upon the scope definition, the Work Breakdown
and not as an independent document. Please do not revise any Structure (WBS) of the project is prepared, which enlists the
of the current designations. activities required to complete the project successfully. WBS is
just a list of activities and is not chronologically ordered as in
III. MOVIE PREPARATION IN PROJECT MANAGER’S VIEW the case of Project Network Diagram. The possible WBS
It is generally accepted that the project management diagram of this project is shown in Fig.3.
profession exists within a spectrum of industries, ranging from
engineering and construction to information technology and Fig3: Work Breakdown Structure of the Film Project
manufacturing. Of course, other industries engage in project
management, but their practices may be less documented or
publicized.
Project Stakeholders a) Director / Writer: - He invests his idea, skill, time and
effort in bringing the project to life. He is the driving
“Project stakeholders are individuals and organizations that are force and the head of the creative department.
actively involved in the project, or whose interests may be
affected as a result of project execution or project completion. b) Producer(s):- They invest the money and take care of
They may also exert influence over the project’s objectives and the financial aspect of filmmaking. Right from the
outcomes.” [PMBOK Guide] It is crucial to understand and location and equipment hires to paying bills for the
identify the stakeholders and determine their expectations and cast and crew members, they look over all of it.
requirements so as to ensure a successful project. The
stakeholders in this particular project can be: Table1 : Success/Failure Analysis for Stakeholders
c) Cast/Crew: - The 300 strong cast/crew members Movie Directors as Project Manager
spend a long 6 month away from their families in a
remote location until they complete their task. They When we think of movie directors, we think of the person
are also the active participants and executers of the running the show. They often get top billing along with the star
project. actor and can be the difference between success and failure.
Who you have leading and directing and who you have
d) Local Population: - The local population is also delivering the work is a critical success factor for a project. Is
significantly affected by such a huge project being the Movie Director the best person to describe as the project
undertaken in their vicinity. manager for a movie?
e) Law and Order: - The law and order of the location is In researching this topic we came to the view that the Director
also a stakeholder as it can affect the way the film is
has a strong visionary role, heads creativity, leads and directs,
produced. Any disruption to the environment, anti-
uses many project management processes, tools and
cruelty laws against animals etc are factors which
techniques. We would best equate the Production Manager as
influence the project.
the person filling the role of the “Project Manager” and the
Producer as filling the role of the “Project Director, Executive
or Senior Organizational Manager”.
These three roles, Director, Producer and Production Manager  Post Production (Editing and Revising the Shoot)
set the foundation for building a movie project and form the
The “Shoot” refers to the period when we “shoot” film, the
initial team or “crew”. It does not mean that there will not be traditional media for recording movie scenes. Thus we equate
examples of one person filling all three roles. However that the production phase where people are actively setting up,
brings risk. In movies that are the result of major productions acting out and recording movie scenes to the “Shoot”.
we observe that the risk is mitigated by clearly separating the
roles, making sure they are resourced and having good
communication processes in place to deal with the number of The period prior to the start of pre-production is an
people involved. important time. We can refer to it as Pre-Pre Production and is
generally encapsulated in the overall Pre-Production Phase
When we consider the A Guide to the Project Management when reported. The expected output of this period is a mandate
Body of Knowledge (PMBOK® Guide) processes they are not to proceed and get key personnel on board. It equates well to
limited to use by the person assigned the role of the project the PMBOK® Guide process output of a Project Charter (PMI,
manager, but valuable and scalable for use by other key project 2004). One of the key people to be employed by the Producer
roles as outlined above. of the Movie during this period is the Production Manager,
which we assigned the role of project manager earlier.ar.
The Person entrusted to deliver the movie, taking the planning
and making it a physical reality is the Production Manager. Project Network And Critical Path
This role best maps to responsibilities of a Project Manager in The entire project can be further sub-divided into two major
non movie projects and so will be a key focus and centre of subprojects. The first part is the Pre-Production Project, which
learning for our paper. ends with the Beginning of the Shoot. The second part is the
Shooting and Post-Production which ends with the final
IV. MOVIE PROJECT LIFE CYCLE element of the project, the Release of the movie.
Like any other industry there are set Project Lifecycle The structures in Fig.2 show various Stages of the Pre
phases that are adopted and form the basis for making a movie. Production phase of a Movie project lifecycle. It is depicted
There are set methods employed and processes used. here to provide an appreciation for the level and areas of
An indicative movie Project Life Cycle will have at least 3 activity required to manage a pre production phase of a movie.
Phases It has been constructed in a Work Breakdown Structure (WBS)
format (PMI, 2004, p379), to illustrate the power of visual
 Pre-Production (Planning the Shoot) techniques, like a graphical WBS, in quickly grasping the big
picture aspect of what is required on a single page. The Visual
 Production (The Shoot) format allows individuals to focus on the area they are most
interested in whilst considering the overall production. This is a
very powerful planning technique. project. Without the right minded resources, any project can
collapse and in case of this project, this is extremely essential.
Although, the project procedure begins with the Script Writing,
but from a management point of movie, the project initiation b) The sheer size of such a project demands a proper
start-point is after the Script is being given a go-ahead. The planning and scheduling to control the time and money
Project Network shown in Figures gives a graphical idea of the constraints effectively. Hence, project scheduling and planning

Project activities. is one of the critical activities.

The critical activities are the ones which contribute the c) Location Amenities and Set Design: Without proper
highest to the risk factor of the entire project. These activities amenities, the cast and crew member team cannot be kept on
typically involve high time and resource and rely a lot on other location. Set Design on the other hand serves the backdrop of
uncertain factors like weather conditions, irreplaceable the movie canvas which needs to be completed before the
resources (like the Technical crew, leading members of cast movie begins.
etc.). Further, these could also be such activities which are
mandatory to be completed for any other activity else to begin. d) Shooting: For obvious reasons, the shooting of the movie is
Considering this, the following can be termed as critical also one of the crucial activities because this is where all the
activities. planning is being implemented.

a) The appointment of the correct Cast and Crew The time scale shows the various activities and the time taken
members for the project is the most crucial activity for the by them.[Source:S.Bhatkal, The Sprit of Lagaan, 2001]
Based on this timescale [Gantt Chart, H.Maylor, Project Risk Analysis and Causal Map
Management], the critical path (the longest path of planned
activities to the end of the project, and the earliest and latest On further analysis of the Project, the correlation between the
that each activity can start and finish without making the issues and risks can be determined. The causal map figure
project longer) for the project network can be deduced as (below) shows how the risks and issues are related to each
shown in the figure below. other.
[The blocks in blue denote the risks and issues faced by the
project. The pink blocks denote the measures taken by the Data collected from the Interview
management to handle these risks and issues. ]

The management actions that would be undertaken to handle How much money is spent on promotion of the movie?
these issues and risks are shown in pink blocks in the above
Promotion is one of the key factors to make a film hit or flop.
fig. They are listed below.
Generally, distributors spend 1-2 Cr . on the promotions. Now
the amount distributors paid to the producers and promotion
• Supervise Health, Safety and Security amount, Sum of the both is the new cost of the film.
• Extra Effort by Asst. Direction Team to Control Extras
• Customisation and Rework
• Negotiate with Law Administrators How does producer of the film ensures its profit?
• Hire New Equipment Sometimes producers themselves are the distributors of the
• Control Budget for Post Production film. Sometimes Producers sell the film to the distributors and
secure their profit.

What type movie generally makes a good impact on audience?


V. INTERVIEW A movie which makes you think, which leaves you in surprise
or which makes you slip into a feel or which makes you laugh
are the ones that will be successful. And many a times the
After many failure trials to reach to pioneers of this field, we
movie made on social cause and art also, becomes a hit.
got a chance to interview a theater and serial actor
Dr.Prasanna Ku. Mishra and Surya Rath a top leading director
and producer in Regional motion Industry. Also type of audience and place greatly influences the success
type of movie like old people like the devotional movies
whereas a kid or the youth may not like such movies.
Interview 1
Dr.Prasanna Ku. Mishra is a retired professor of OUAT(Orissa Major aspects in movie making?
University of Agriculture and Technology), Odisha and now  Story
leading his passion of acting and through local theaters and  Screenplay
serial. His major roles in theaters like ‘Balika Badhu’,
‘Kaliyug Rabana’, ‘Abasara’ , ‘Patent Medicine’ , ‘Bandhya  Acting
Gandhari’ are famous and his direction in ‘Uttarapurusha’  Casting of actors
brought the whole crew of the theater to get awards.  Direction
 Promotions

Are there any new marketing strategies that producers adopt


for success of their films?
If two or more films are releasing at the same time they try to
buy more screens to increase their profit.
How movie makers promote their movies?
 TV shows
 Trailers
 Press session
 Social media challenges
 Twitter

DR.PRASSANA KU. MISHRA


Interview II Actors are paid generally upon the reputation in the
Surya Rath is a top leading Producer and director of the industry, the entry level actor might get 20,000 per
Regional Entertainment Industry. Some of his major works are episode while a good established actor might get 60,000
‘Rajakanya’, ‘Maa’, ‘Jeje Maa’ etc. to 70,000 per episode.Supporting actors are paid 5-10k
per episode.

Q. How do channels and serial earn through TV series?


 TV serial producer have to give money to channel for
display of serial.
 If serial are of 30 minute, 10 mint advertising takes.

If TRP of serial is more, there will be more advertiser and


hence the serial will earn.Hence the money flow between
channel, producer of serial and advertiser.The money paid by
the advertiser is divided between the serial producer and the
channel in some ratio.

Q. How much advertisers are ready to pay for advertisement?


Generally it depends upon time and day when the
advertisement has to be broadcasted and the trp of TV serials
also matters. On day of cricket match they are ready to pay
around 3.5L to 4.5L for 10s

By doing some research online we got some data on


SURYA RATH advertisement

Q. What is budget allocation of regional serials?


Channel slat rate (local) 39,600.
Pre-production
Script writer with dialogs= 5,500.
Lyrics=1,000 - 7,000
Director=24,000.
Asst director=5,000-19,000
Music=14,000

Production
Location charges=14,500
Costumes charges =8,500.
Camera = 10,000
Asst camera = 1,250
Lightings = 2,500 - 12,250
Transport charges=6,000 VI. STRUCTURES AND METHODS FOR GOVERNANCE
Make up man with material=2,750 AND MANAGEMENT OF PROJECT
Food charges for around 30 members
Including snacks=5,150. The scope of a movie project is very large, and hence, each
activity has to be treated as a mini-project. Special care has to
Post- production be taken to ensure that the project was being run on schedule.
Graphic design and title=4,000. For this, call sheets were utilised to track records of attendance
Editing including Rerecording charges=10,000. of cast on time. Precise timings for breaks were allotted and
Producer margin 15%. 34,000 each activity was given a deadline. Project Scheduling,
Detailed Budgeting and Resource Controlling are
(All the above data is given per episode)
implemented to manage the project. Besides that, checkpoints
at strategic points are used to monitor the progress of the
Q. Generally how much actors are paid? movie.
The story is an integral part in people accepting the “Pitch” -
•Markers for Success The pitch can be described as the movie Business Case or
Proposal that outlines the movie in terms that a movie investor
Listed below are some of the key areas that we have identified can understand and be in a position to assess the merits of the
that have a strong focus in Movie projects and are markers for movie with the view of providing financial support or deciding
success. not to proceed.

Clear understanding of the vision - it's a movie A good story, whether it is the basis for a movie, solution
A Story offering by a consultancy firm or sales pitch for a new brand
A detailed Script - which can act as a pseudo Work of washing detergent, needs to be easily understood, address
Breakdown Structure (Written WBS) the needs or wants of its audience and make sense. If the story
Passion and Buy-in for the project holds together and exhibits these characteristics then decisions
Clear roles and responsibilities can be made more readily and risks can be reduced through
A story board - acting as visual guide of what is expected to be better understanding of the objectives and what may affect
created (Visual WBS) those objectives. People are trained to listen to stories from a
Focus on the Financials very young age and are good at retaining information more
Cross Plotting (Resource allocation and utilization) readily when they can recognize the pattern of a story within
Detailed Scheduling - Role of the 1st Assistant Director (AD) the material they are presented. The concept of a movie
- a powerful and dedicated resource and dedicated scheduler project is founded on the idea of a story. The story is what
Change Management (what is the impact and flow on effect) allows movie projects to engage the entire cast and crew and
Practical Risk Management -related back to the scope of the wider stakeholders groups in a common and non complex
Movie way, ensuring everyone is on the same page. If we know the
story we can foresee the ending and what needs to be done to
We will look to explore some of these in more detail and get us there. If everyone can see the happy ending then there is
provide points for contemplation and learning. By no means a better chance of one becoming reality.
are these the only areas that would need to be covered to allow
success. But we will limit our scope to these to illustrate that “…whatever the production, the medium, and the tools are not
we can look to movie projects for guidance and analogy the issue, it is the story that counts.” (Strain, 1998)

The list above has a central theme of “People”. We will Annabelle Sheehan - Head of Film and Television AFTRS
explore the following in more detail: wrote:

A Story “…Film and television productions that are successful have


Clear understanding of the vision - it's a movie been so because every crew member took on the story as their
A detailed Script - which can act as a pseudo Work ruler, their map, for every creative decision. (2003)”
Breakdown Structure (Written WBS)
•“Why” a Clear understanding of the vision?
•“Why” a Story?
“Because” to be engaged and motivated people seek to
“Because” people remember them and have had experience in understand the vision so they can make sense of what they are
interpreting them since a young age. Story telling has been contributing to and so feel that their endeavors are worth
engrained in many cultures for centuries. We like stories, they something to them. The vision is based on the leaders’
are one of the most basic but powerful communication interpretation of the goal and we need to consciously and
vehicles that we can use to sustain our message and meet our subconsciously decide if we will follow and how we can best
goals, especially when dealing with large numbers of people. do that. Knowledge with commitment is a model for success.

You can't have a movie without a story and similarly if you •“Why” a detailed script?
can't tell the story of what your project is about in an IT or
Business project you are already setting yourself up for “Because” without breaking the story down into smaller
failure. pieces that we can structure and derive what we and others
need to do, by when and at what cost, we can't see the forest
Understanding the story and being able to tell it to a varied for the trees and we roam in the wilderness lost. Note that you
audience will be one of the over riding success measures you need a story to break down. We don't start with individual
can apply. The better you can tell it, the more engaged your pieces acted out in a random fashion. Well successful project
audience and the more likely your stakeholders are to don't.
remember your message, and act in your interests.
An approach to solving many large problems is to break them depending on the phase of the project but must maintain its
down into smaller parts. This approach is used in many areas cohesive story.
of project management. I most associate it with the term
decomposition (PMI, 2004, p358) and very evident when •Clear understanding of the vision
creating work break down structures (WBS) to identify and
organise the project deliverables to define the total scope of a As with the story, understanding the vision is a key success
project (PMI, 2004, p379). As with our PMBOK® Guide view measure in any project. The fact that the central premise of
of the WBS as the corner stone to any project the Script plays movie projects is a movie means that it is an easier sell to get
a similar role in movie projects. people to understand what you are trying to achieve and get
them on board.
A WBS can be used to lead to decisions regarding, resources
both human and equipment and their location. Identify risks Project managers, Executives and leaders of all shapes and
and leads to the create of workable and logical schedule and sizes often struggle to convey and maintain a consistent vision
validates then sets a realistic budge to meet the agreed scope it of what the project is about which outlines where it is at
defines. present and where it is heading. To be engaged and motivated
people seek to understand the vision so they can make sense of
So does a Script lead to decisions involving Cast and Crew, what they are contributing to and so feel that their endeavours
equipment, Locations, Budgets for Production and ability to are worth something to them. Regular communication of a
set a schedule. I wish to note that the WBS and a Script are not vision, allows participants to re-evaluate their commitment, re-
substitutes for one another. You can have a script and also enforce it or remove it. Providing a controlled vehicle for this
create a dedicated WBS that includes other movie deliverables communication will allow the correct messages to be sent and
that are not directly evident in the script. These are planning received as intended allowing the participant to make a choice.
tools; you are free to use them in many different ways for the
best benefit of your project. As with a WBS, a script does not There is a communications exercise that simulates a project,
have to be so detailed that every possible deliverable is listed assigning roles and responsibilities to the participants whilst
and catalogued. They are tools in their respective areas of use hindering the ability to communicate through the various
that can assist us to define what it is we are delivering and communication paths by restricting communication via a
how it fits together. I would also note that though we can more designated path and only allowing written communication via
than likely equate the Script to a Project Scope Statement notes to be passed through a central point. No verbal
(PMI, 2004, p370) as they share similar characteristics. I communication is allowed. The project has an achievable goal
would for the benefits we gain by analogy equate it more to and is time limited.
the WBS for its work package/planning item like structure (A
scene being equated to a WBS Work package and or WBS In my experience observing and debriefing participants, one of
planning item, depending on the level of detail). the key lessons that this exercise highlights is that people
working in projects regardless of the rhetoric they speak,
A Script can drive the creation of a WBS; it can be an input to experienced or novice in the field of projects, behave in
the Create WBS process and an output of Scope Definition similar ways. People seek out information that provides a
(PMI, 2004, p49) which will lead to eventual development of context to the engagement that will allow them in the first
a schedule. In movies the Script acts a pseudo WBS that helps instance to make a decision as to whether they wish to
to identify activities in order to deliver the footage for a scene, contribute. If this information is lacking or not clear, their
guide the sequencing of those activities based on the ability or willingness to contribute to the goal is hampered.
dependencies identified relating to the scene, estimating the Lack of the communication of a clear vision can result in un-
resources needed to carry out the required activities and focused enthusiastic or disgruntled activity in some cases;
depending on the availability of the resources estimating the apathetic inactivity in others.
duration required to carry out filming of the scene. These
processes outlined align with those we recognize in the VII. CONCLUSION
PMBOK® Guide, (PMI, 2004, p70). Project Management at the Movies examined what movies do
to run their projects, considering some key markers that we can
The power of the script lies in the fact that it is already a story. look for to signal a good chance of successful delivery of the
It lays out scene by scene what is needed to complete the story movie. However like movies, having the film wrapped up and
and allows the reader to extract the information they need to in the can, distributed and in the theatre does not mean it will
do their part. be accepted and the investors will get the return on investment.
Its can be a difficult world out there.
This is how we would like Project Managers to view the use
of a WBS. The WBS should always tell the story of what is Similarly when we manage our projects we should keep in
being created, it can be scaled and set at different levels mind that just running the project and ticking all the boxes,
“doing the right thing; does not always bring success. It is a
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and after the book is closed. [4] Collins, Alan, Hand, Chris, and Snell, Martin C. (2002) What Makes a
Blockbuster? Economic Analysis of Film Success in the United
It is encouraged to research and compare practices used in the Kingdom. Managerial and Decision Economics. 23(6), 343-354
areas described as Markers for Success and throughout Movie [5] Deuchert E., Adjamah, K. and Pauly, F. (2005). For Oscar Glory or
productions with the view of identifying elements that can Oscar Money? Journal of Cultural Economics, 29(1), 159-176.
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Industry: Does Star Power Reduce the Terror of the Box Office?
American Economic Association Annual Meeting, 1-51.
[7] Holbrook, M. and Addis, M. (2008). Art versus Commerce in the Movie
VIII. REFERENCES Industry: a Two-Path Model of Motion-Picture Success. Journal of
Cultural Economics, 32(1), 87-107.
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http://www.boxofficemojo.com/ Study of the Film Industry. The Journal of Business.72(4), 463-492.
[2] Brewer, S.M, Kelley, J.M., and Jozefowicz, J.J. (2009). A blueprint for [9] “The Internet Movie Database” IMDB. 1990-2011.
success in the film industry. Applied Economics, 41(1), 589-606. http://www.imdb.com/
[10] Walls, W.D. (2009). Screen Wars, Star Wars, and Sequels. Empirical
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