Movie Marketing The Next Big Thing
The movie business isn’t all sunshine and roses. It requires a lot of decision-making. Especially in the marketing of a film. Learn about what movie marketing is and how it helps in selling tickets. #ThinkWithNiche
Movie marketing or film promotion plays a big role in deciding the fate of a film. Many producers and distributors firmly believe that a one-minute teaser has the power to make or break a film. Such is the magnificence of marketing in the film and entertainment business. But over the years movie marketing has hugely shifted gears and has slowly emerged as a whole industry of its own. Today, PR, prints, advertising, promotional events, social media marketing all come under the huge shade of movie marketing.
An indicator of this huge shift in the film promotion business is in the marketing budget of a film. Earlier producers used to set aside 70% of the film’s budget for marketing and promotion. So say if a film costs 100 million dollars, its marketing budget will be around 70 million dollars. But these numbers have become a thing of yore. Today many big production houses and distributors are even ready to spend more money than the budget of a film, simply on its marketing and promotion. Few recent examples of this trend are small films like The Purge, Insidious 1 and 2, Sinister, Skyline. All these films were made under a 5 million dollar budget but had marketing budgets over 20 million dollars.
Major Reasons Behind The Surge In Movie Marketing-
1. Large Market
Movies are a primary source of entertainment for a large number of the population. For many, there’s nothing like the experience of watching a great film on the big screen. And producers know this. They know the potential business a good film can make. This is why they are ready to spend a huge amount on a film’s marketing. If it works, there’s no saying how much they can easily make from just one film. A good example of this is Paranormal Activity. The film, which was made on a minuscule budget of 15,000 dollars, ended up earning around 200 million dollars. That’s the power of a well-thought-out movie marketing strategy.
2. Huge Competition
There has been a substantial rise in the number of films that are released every year, which is around 220 films in 52 weeks. This means that when an average person goes to a cinema hall, they have two to three movies available to them. This is what makes movie marketing a must if one intends to sell their film successfully. Movie marketing allows producers to tell people about their films and arouse curiosity in them. A great marketing strategy can result in a huge box-office figure. It’s as simple as that.
3. Influx of Internet And Social Media
The rise of the internet and social media users around the world has compelled producers and distributors to use the medium to spread the word about their films. Now social media is an expensive medium when it comes to marketing. From releasing teasers, trailers, behind-the-scenes videos, and songs on YouTube to creating a whole Instagram page of a film, all of it requires a huge marketing budget. Today the first-day collection of a film is calculated by the number of views a film’s trailer gets on YouTube. That’s the power of social media.
4. OTT Platforms
It’s not hidden anymore that after OTT, movie marketing has taken a whole new meaning. Now film promotion doesn’t merely stop at the trailer and poster reveal. No! Since OTT has entered the entertainment market, it has also made content creation part of movie marketing strategies. What is content creation you ask? All the YouTube video collaborations with different famous YouTube or Instagram collaborations where you see influencers promoting a Netflix show or film, that is content creation in movie marketing.
5. Brand Integrations
Last but not the least, we have brand integrations. Brands have a huge reach and hold over the market. Therefore they are ideal to collaborate with when you are making a film. Brand integration thus allows films to have a larger reach. Billboards, televised ads, etc. all work wonders for the marketing of a film.
Movie Marketing is a huge industry now and if you are looking to pave your way into this business, there are tons of great opportunities that are waiting for you.