The Answer To The $200 Million Movie Question

from the there-is-no-$200-million-movie dept

Last month, at the CATO Institute conference on copyrights, someone from NBC Universal asked both Professor David Levine and me how NBC could keep making $200 million movies like King Kong without super strong copyright regulations. We each gave our answers that didn't satisfy some. However, as I noted in the recap to the event, the guy from NBC Universal was asking the wrong question. It's like going back to the early days of the PC and asking how IBM would keep making mainframes. The point is that $200 million movies may mostly be a thing of the past. The near immediate response from NBC Universal and other stronger copyright supporters is that this is a "loss" to society -- since we want these movies. However, that shows a misunderstanding of the answer. No one is saying to make worse movies -- but to recognize that it should no longer cost so much to make a movie. The same economics professor, David Levine, who was asked the question is now highlighting exactly this point on his blog. Last week there was a lot of publicity around a group of Finns who created a Star Trek spoof and are trying to help others make and promote inexpensive, high quality movies as well. Levine notes that the quality of the spoof movie is astounding -- not all that far off from what you'd expect from a huge blockbuster sci-fi picture, but was done with almost no budget at all. Given the advances in technology, the quality is only going to improve. So, again, it would appear that a big part of the answer to the $200 million movie question is simply that anyone spending $200 million on a movie these days is doing an awful job containing costs.

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  1. identicon
    flan4u, 15 May 2006 @ 9:45am

    What ever happened to Value?

    Wouldn't they make more money if they lowered ticket costs? Aside from the recent closing a a local drive in, I haven't been to a movie theater in years.

    I don't care what it cost to make the movie, I only care about the quality, and allot can be done for $40 million or less.

    I refuse to spend $16.00 to $20.00 + for two to view a movie one time in a theater, when I can buy the movie on DVD for that price and watch it as often as I want and with as many people as I choose. But over the past few years, their have been few movies even worth buying or even renting the DVD.

    Lack of quality, value, ridiculously overpaid actors and poor budget management is what will kill the movie industry, not the lack of copy protection regulations or DRM.

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