Showing posts with label Ormax Media. Show all posts
Showing posts with label Ormax Media. Show all posts

After a record 2023, box-office kitty may decline this year

‘After a Record 2023, Box-office Kitty May Decline This Year’

Gross collections to fall 15% based on data from first three months of this year: Ormax Media
Javed Farooqui (THE ECONOMIC TIMES; April 20, 2024)

Gross movie box office collections for 2024 in India are projected to drop 15% to Rs. 10,360 crore on the basis of data from the first three months of the year, following a record high in 2023, research firm Ormax Media said in its latest box-office report. The Indian box-office collection reached an all-time high of Rs. 12,226 crore in 2023, registering a 15% growth over 2022. The previous box office record was Rs. 10,948 crore in 2019.

Hindi films had a 36% share of the box-office collection, followed by Telugu and Malayalam films with 23% and 16% shares, respectively. Both Hollywood and Tamil films had a 9% share of the box-office collection. The cumulative box-office collection registered 7% year-on-year growth to touch Rs. 2,590 crore in Q1 2024, despite a lacklustre performance in February. Seven films earned more than Rs. 100 crore at the box-office during the quarter.

"March has proven to be a healthy month for the domestic box-office with collections totalling Rs. 971 crore. The diverse lineup of films across languages includes Shaitaan, leading the pack with Rs. 173 crore," said Sanket Kulkarni, head of business development (theatrical) at Ormax Media.

He added Malayalam cinema continues its remarkable streak with Aadujeevitham - The Goat Life joining the ranks of successful films, bringing the total collections for Malayalam cinema to Rs. 405 crore, constituting 71% of the entire Malayalam box office in 2023.

"The net box-office collections have dropped by 20% to Rs. 900 crore in Q1 2024 compared to the same quarter last year. The second quarter is also looking unimpressive, with no major releases planned for May. With setbacks in two back-to-back quarters, we have large recoveries to make in the last two quarters of 2024," says film business expert Girish Johar.

In Q1, Fighter (Hindi) and Hanuman (Telugu) had the highest box office collections of Rs. 243 crore and Rs. 241 crore, respectively. Both Manjummel Boys (Malayalam) and Shaitaan (Hindi) had collections of Rs. 173 crore

Guntur Kaaram (Tamil), Godzilla x Kong: The New Empire (Hollywood), and Aadujeevitham-The Goat Life (Malayalam) collected Rs. 142 crore, Rs. 129 crore, and Rs. 102 crore, respectively. During the quarter, March saw the highest monthly box-office collections of Rs. 971 crore on the back of strong performances by Shaitaan, Godzilla x Kong: The New Empire, and Aadujeevitham.

In January, the box-office collections stood at Rs. 934 crore, with Fighter, Hanuman, and Guntur Kaaram dominating the list. February saw a modest box-office collection of Rs. 685 crore with just two films, Manjummel Boys and Teri Baaton Mein Aisa Uljha Jiya, attaining receipts of over Rs. 100 crore.

India's box-office collections reach an all-time high of Rs 12,226 crore in 2023

India’s Box-office Collections Hit a Blockbuster `12,226 cr in 2023

Hindi film industry bounces back with Rs. 5,380-cr mop-up last year: Ormax
Javed Farooqui (THE ECONOMIC TIMES; January 22, 2024)

Box office collection in India reached an all-time high of Rs 12,226 crore in 2023, exceeding the previous record of Rs 10,948 crore in 2019, and growing at a healthy 15% over 2022, according to the Ormax Box Office Report 2023.

This was the first time that box office collection surpassed Rs 12,000 crore, indicating a recovery in the Indian film industry, which had been battling a post-pandemic slump in business. Box office collections in 2022 were Rs 10,637 crore, just short of breaking the previous record set in 2019.

"One of the key drivers for the success of box office in 2023 is the industry’s ability to deliver event films that are a ‘theatre-worthy experience'—a must for the film to emerge as a theatrical success," said Ormax Media Head of Business Development (Theatrical) Sanket Kulkarni.

According to the report, cinema footfalls rose 6% in 2023 to 943 million, though it lagged the pre-pandemic high of 1.03 billion in 2019.

Kulkarni said footfalls have remained below pre-pandemic levels as audiences have turned selective in their theatrical choices because of post-pandemic inertia and the rise of video streaming platforms.

The average ticket price (ATP) increased by 9% over 2022, from Rs 119 to Rs 130, owing to a growth in box office contribution from Hindi cinema, which has a higher ATP compared to South-language films.

After a lacklustre performance in the post-pandemic phase, Hindi films had a record year in 2023, with gross box office collection of Rs 5,380 crore, crossing the Rs 5,000 crore mark for the first time.

According to the report, Hindi cinema's box office share hit a pre-pandemic high of 44%, from 33% in 2022. Tamil and Telugu cinemas maintained their 2022 share with a box office collection of Rs 2,265 crore and Rs 1,961 crore, respectively in 2023.

Meanwhile, the share of Hollywood movies fell by 3 percentage points in 2022 due to the absence of a Rs 200-crore grossing film, with overall collection at Rs 1,139 crore.

Kannada cinema shed its box office share by 5% points to finish the year at Rs 312 crore due to the absence of big-ticket films.

Box office collections are getting increasingly skewed in favour of big-ticket films, with the top 10 films contributing 40% of the total box office receipts of Rs 12,226 crore.

Kulkarni said audiences are more likely to watch a film in a theatre if there is a compelling reason to do so. He added that franchise films are gaining traction and engagement across languages, accounting for 45% of theatrical box office collection, up from 17% in 2019.

Over 1,000 films were released in 2023; however, only five films crossed the gross box office of Rs 500 crore.

Shah Rukh Khan's Jawan was the highest-grossing film of 2023, making Rs 734 crore, followed by Ranbir Kapoor's Animal (Rs 645 crore), Shah Rukh Khan's Pathaan (Rs 636 crore), Sunny Deol's Gadar 2 (Rs 619 crore), and Prabhas' Salaar: Part 1 – Ceasefire (Rs 512 crore).

Interestingly, the top four films of 2023 are all original Hindi-language films. In comparison, South Indian films dominated the top ten list in 2022, with KGF - Chapter 2, RRR and Kantara collecting Rs 970 crore, Rs 869 crore, and Rs 362 crore, respectively.

Salaar: Part 1 – Ceasefire, Rajnikanth's Jailer, and Vijay's Leo were the three South Indian films that grossed more than Rs 400 crore at the Indian box office in 2023.

Ormax noted it sourced the box office data from credible industry sources, including producers, distributors, exhibitors, and trade analysts.

At Rs. 10,000+ crore, Indian box office scripts a blockbuster in 2022

National Cinema Day: '23 September on course to become the highest attended day of the year for cinemas,' say Multiplex Association of India

Second-highest collection sets stage for a record in 2023
Javed Farooqui (THE ECONOMIC TIMES; January 24, 2023)

Mumbai: Box-office receipts in India surpassed Rs. 10,000 crore in 2022, amounting to the second highest ever as filmgoers flocked to cinema halls with the easing of the Covid pandemic and potentially setting the stage for a record collection this year.

The gross box-office collection of Rs, 10,637 crore, according to a GroupM-Ormax Media report, was next only to Rs. 10,948 crore in the pre-pandemic 2019 and despite fewer than usual big-ticket releases by the Hindi film industry and theatre shutdowns in many parts of the country in January and February last year, said analysts.

Ormax Media CEO Shailesh Kapoor said 2023 looks even more promising given that the content pipeline for domestic and Hollywood films has streamlined after two years of Covid-19-led disruptions.

“2023 could be the best year ever for the film industry due to a strong content line-up across Hollywood, Bollywood and regional cinema,” Kapoor said.

Kapoor added that the box-office collection could hit Rs. 11,000-12,000 crore this year. GroupM-owned Interactive Television managing director Ajay Mehta said, “Definitely, 2023 has the potential to become the biggest year in terms of box-office collection on the back of a strong content slate. The fact that audiences are receptive to south Indian films that are dubbed in Hindi is an encouraging sign for the industry.”

Junglee Pictures CEO Amrita Pandey said four key trends emerged in 2022 in the Hindi film industry. “Movies across genres have done phenomenally well in theatres. The focus has shifted from star driven system to content-driven system. Trailers need to be fully authentic and true to the movie. The box office has been super polarized with a few Hindi movies that got big theatrical admissions have done spectacular business and the other movies have all seen underwhelming admissions,” she said.

Hindi films had a 33% share of the box office in 2022, according to the report, followed by Telugu (20%) and Tamil (16%). KGF - Chapter 2 topped charts with a box-office collection of 970 crore, followed by RRR (869 crore) and Avatar: The Way Of Water (471 crore).

The report highlighted that Hindi and Hollywood films underperformed in 2022 compared to 2019 even as the four southern film industries surpassed their 2019 collections, led by Telugu and Kannada films.

Hindi films saw a 27% decline in box-office collections, compared with 2019, to Rs 3,513 crore, whereas Telugu and Tamil box office collections jumped 53% and 18% to 2,145 crore and 1,724 crore, respectively.

Kapoor attributed the drop in collection for Hindi films to fewer mega releases in 2022 than in a normal year. “Disruption in flow of Hindi film releases is reflected in footfall and box-office collection,” he said, adding that “recovery in business was still strong considering the talk about the impact of over-the-top (OTT) platforms on cinema,” he said.

Dil Bechara was the top film of 2020; Akshay Kumar’s Laxmii got great viewership-Shailesh Kapoor


As movies traded theatres for OTT in the past year, Ormax changed the post-release conversation from box-office collection to viewership figures. Here’s the man who made it happen
Letty Mariam Abraham (MID-DAY; July 23, 2021)

Shailesh Kapoor, 45
The IIM Calcutta alumnus led his team as they launched Ormax Stream Track, a weekly listing of top 10 originals (films and series), in March 2020

What’s the first day collection?’

‘Will the film reach the coveted Rs 300-crore club?’ 

No sooner would a Khan- or Kumar-starrer hit the screens than all eyes would be on its opening collections, with trade analysts keenly following its daily performance to see whether the film sets a new box-office record. With theatres shut down since March 2020 and films trading the big screen for an OTT release, box-office became a thing of the past. But did our ‘kitna banaya’ obsession end? Not really. The conversation merely shifted, thanks to Ormax Media.

Founded in 2008, the media research and tracking firm recognised the need-gap in the industry and launched Ormax Stream Track last March, evolving from a B2B company to the new-age OTT box-office in one swift move. “When studios started announcing their films for the web and there was [substantial] growth in the OTT-viewing audience, we decided to focus all our attention on [this product]. We were already engaging in [tracking] for some studios or platforms, but the lockdown gave us momentum to build on new ideas to measure [the reach of] OTT,” begins Shailesh Kapoor, CEO, Ormax Media.

With Stream Track, Kapoor — a product of IIT Delhi and IIM Calcutta — brought about two significant changes. First, not only films, but also web series became a part of the rat race as Stream Track shared its listings of top 10 originals (films/series), week on week. Secondly, it added a new dimension by focusing on viewership patterns rather than viewership measurement. 

“Our job is to analyse what is happening around, and how people can use the data to make better content. For instance, we collected data from audiences for Scam 1992: The Harshad Mehta Story. Basis our research, we figured that around 23 million in India have watched the show, but Sony LIV’s official subscriber base is only around two million. So, even if the two million subscribers and their families watched the series, the total figure comes to about six-to-seven million. There is a gap of 16 million, which means that a lot of people have watched it via piracy through apps like Telegram. That is how we gathered the insight that piracy is much bigger than what it was in films,” he explains.

Most OTT platforms refuse to share viewership figures, but Kapoor says they depend on online and telephonic consumer surveys to understand the offerings that viewers are aware of, and have watched through the week. “We have an analytics algorithm in the back-end, which converts all that data to give us an estimate. Listed companies like Netflix in the US, as per protocol, have to release the number of subscribers in their quarterly report. In India, ZEE5 is one of the companies that publishes its subscriber figures.”

So, which film fared the best in 2020? “Sushant Singh Rajput’s Dil Bechara was the top movie, but that was largely because it was free and due to its timing. Akshay Kumar’s Laxmii got great viewership, owing to the actor’s popularity. Among web series, Scam 1992 and Special Ops had high viewership. This year, The Family Man 2 has been a huge success, and Pagglait did well among films.”

Presenting lockdown list - Dil Bechara, Special Ops emerge most popular film and show

Dil Bechara had reportedly registered 95 million viewers in the first 24 hours of release
As stay-at-home period runs into its sixth month, viewership tracking firm reveals Dil Bechara, Special Ops have emerged most popular film and show
Mohar Basu (MID-DAY; August 26, 2020)

Gulabo SitaboIn a domino effect of sorts, the Coronavirus lockdown caused a shift in the entertainment consumption patterns of the Indian population. A country that has had more than its fill of dramas about shape-shifting serpents and family feuds turned to digital entertainment, thus discovering the grim journey of Hathoda Tyagi or rooting for Sushmita Sen as the unlikely queen of a drug cartel. As we enter the sixth month of lockdown, it is only fitting to determine which series and direct-to-web releases grabbed maximum eyeballs and dominated the mainstream consciousness.

Special Ops dropped online a week before the nationwide lockdown was imposed;Refusing to divulge numbers, Shailesh Kapoor, CEO, Ormax Media, reveals that direct-to-web releases, though a recent phenomenon in the Hindi film industry, found an eager audience. "Dil Bechara has been the top film by a wide margin, followed by Gulabo Sitabo, Extraction, Shakuntala Devi and Gunjan Saxena: The Kargil Girl, in that order. These are based on estimates," he says. The results are arrived at basis the social media buzz generated by each offering, its reach and appeal.

Even as Paatal Lok captured the imagination of the country post its May 15 release and Jitendra Kumar sealed his position as an Internet star with the endearing Panchayat, Kapoor reveals that it is, in fact, an espionage thriller that tops the list of the most-watched Indian web series. "Disney+ Hotstar's Special Ops fared the best. Amazon Prime's Paatal Lok comes second, followed by Voot Select's Asur." Amazon Prime's Panchayat and Disney+ Hotstar's Aarya round off the top five shows.

He observes that TV consumption increased by 40 per cent during the lockdown, with viewers tuning in to news on a daily basis. The top five television offerings between April and June, when old shows were being rerun, were Ramayan (Doordarshan), Mahabharat (Doordarshan), Taarak Mehta Ka Ooltah Chashmah (Sony SAB), Mahabharat (Star Plus) and Shri Krishna (DD). "With fresh episodes being aired from July, Kundali Bhagya has become the most-watched show followed by Taarak Mehta..., Anupamaa, The Kapil Sharma Show and India's Best Dancer."

Extraction round off top three films

Viewers showed up in unison to watch Sushant Singh Rajput's last offering Dil Bechara-Ormax

Sushant Singh Rajput in Dil Bechara
With an estimated 95 million viewers logging in to watch Sushant Singh Rajput's last offering, viewership tracking firm says response to Dil Bechara unlike anything they've seen
Mohar Basu, Uma Ramasubramanian (MID-DAY; July 27, 2020)

Albeit playfully, Sushant Singh Rajput found himself appealing to fans to purchase tickets for a previous release, Sonchiriya, if they wished to see him 'survive in Bollywood'. Unfortunately, it took his demise to assemble cinephiles for a final outpouring of love, as they whole-heartedly celebrated his swansong, the Friday release, Dil Bechara.

A whopping 95 million viewers logged on to Disney+ Hotstar within the first 24 hours of the film's release to bid adieu to the actor. The kind of traction that Mukesh Chhabra's directorial debut garnered outshone that of any other film, says Ormax Media, a viewership tracking and consulting firm.

Gautam Jain, partner at the organisation, tells mid-day that while the figures are an estimate, they could confirm that the opening was a massive one. That the makers decided to make the film available for viewing without a cost, also enabled them to achieve such a viewership. "If one wants to, comparisons could be drawn [between the viewership] of Dil Bechara, and that of [the much-acclaimed series] Game of Thrones, and this was possible even though the latter had a pre-existing viewer-base, while the film [did not]. Then again, Hotstar promoted Dil Bechara from the onset, marketing its release date and time well in advance. Viewers showed up in unison to watch it."

Trade analyst Taran Adarsh is certain that the film would have fared just as well as it did, had it released in theatres. "I would have preferred watching it on the big screen. It is beautiful, especially its ending. A good film will always find appreciation; [as it did with] films like Anand [1971], and Ankhiyon Ke Jharokhon Se [1978], which also had similar emotional content."

Jain admits that a release of this order introduces more viewers to the streaming platform. "Not every Dil Bechara-viewer will become a [Hotstar] subscriber, but the number of people who are familiar with the platform has now increased," he adds.

mid-day reached out to Disney+ Hotstar to procure the official viewership data on the film, but did not receive a response.

Tracking A Film
* Ormax Stream Track records how often a film is being discussed across various social media platforms. It tracks a film from four weeks before its release, and continues to do so for four week after.

* Tracking involves keeping a tab on the number of times the film is mentioned, how often its songs and trailers are viewed, and how many hashtags are used.

* The system uses these measures to assign a number to it. This is called unaided recall. Before Dil Bechara, Gulabo Sitabo garnered the maximum buzz. Its unaided recall, a week before its release, was 22. That of Dil Bechara was higher, at 23.

* This difference becomes more evident when they measure the next two parameters, reach (the number of people who eventually watch the film), and appeal (those who like it). In terms of appeal, Dil Bechara stood at 82, while Gulabo Sitabo was at 66. The company says no film has got a score above 80.

Salman Khan consistently tops a monthly list of male stars, for 5 years

Salman
Chaya Unnikrishnan (DNA; October 18, 2015)

Ormax Media has just released its list of top 10 male and female stars ranked according to their popularity. While Salman Khan is the numero uno among male actors, Katrina Kaif has emerged as the top female star. What’s interesting is that Salman has topped the list for five years continuously. Says Shailesh Kapoor, CEO, Ormax Media, “We started the survey in 2010 and it’s a monthly list. Every month we interview close to 3,500 theatre-goers across 29 cities and ask them to name two of their favourite stars — male and female. Based on that, we draw a list of top 10 stars. It is a measure of their popularity. Salman has remained on top since then. The No 2 star keeps oscillating between Akshay Kumar (he has a strong equity in small centres, single theatres and among males), Aamir Khan and Shah Rukh Khan (who are more popular among females), but the gap between Salman and the No 2 star is vast.” As per the recent score averaged over three months Salman is ahead of Akshay Kumar with 46 per cent shares while the Khiladi has 23 per cent.

Amongst the girls, it’s Katrina, who has been topping the list for five years, except for two months — May and June 2015 — when Deepika Padukone overtook her. However, the two are racing neck-and-neck. While Kat has cornered 34 per cent shares, Dippy has 33 per cent shares.

Another interesting finding Kapoor came across was that an older star like Amitabh Bachchan is ahead of Gen Next stars like Ranbir Kapoor and Shahid Kapoor, while Madhuri Dixit and Kajol rank ahead of Sonam Kapoor and Shraddha Kapoor. “It shows that the fan following is built over the years. Also, if a film or show of the star is in the news, there is an impact, but it is only 10-20 per cent. The star may move from No 4 to No 3 for a month or two, that’s all. The rest of the ranking has remained pretty much stable.”

Aamir Khan's recipe for India's biggest blockbuster


In the weeks before the release of "Dhoom 3", actor Aamir Khan got a message from his dentist, who was concerned that his patient's new film wasn't being promoted enough.

That was exactly what Khan, who plans the marketing of his films as meticulously as he prepares for roles, wanted to hear.

"When people are concerned enough about your film that they ask you why they aren't promoting it more, you know you've achieved what you wanted," the 48-year-old Bollywood star told Reuters in an interview.

As each big-ticket Indian film tries to outdo previous box-office records, shouting about the latest premiere has become routine.

Before "Chennai Express" opened in cinemas last year, actor Shah Rukh Khan appeared on popular reality TV shows, toured several cities and ensured newspaper coverage for the film. "Chennai Express" became the highest-grossing Bollywood movie, raking in 2.27 billion rupees ($36.6 million) in domestic ticket sales.

Six months later, "Dhoom 3" - the third instalment of Bollywood's only action franchise - has surpassed that record, netting at least 2.7 billion rupees ($43.5 million) by employing the opposite strategy. In the run-up to the film's release, the lead stars didn't do any road shows, and hardly any interviews or appearances on TV shows.

Instead, Aamir Khan was spotted in public wearing a fedora - which his character sports in "Dhoom 3" - for nearly a year before the film's release. Production house Yash Raj Films didn't release the official soundtrack, distributing 30-second video snippets instead.


"What was really innovative was that they held back on the music. Most movies rely on music videos for free play on radio and music channels, which ensures traction, but they took that risk," said Shailesh Kapoor of Ormax Media, a media research firm.

Kapoor's firm estimates that 420 seconds of "Dhoom 3" footage were distributed in the form of trailers and song promos before the film's release, compared with 700 seconds on average for big-ticket Bollywood movies. "Chennai Express" handed out 820 seconds of footage.

"We want you to enjoy this film in the theatre. If I have seen the song on TV 20 times and on YouTube 20 times, when it comes in the film, I have lost interest in those five minutes. But when you are seeing it for the first time, your curiosity is piqued," Khan said.

The other reason to skimp on music previews, Khan said, was to draw repeat audiences to cinemas with the spectacle of elaborate song sequences.

"These are the two things you do - you release the songs, you get them popular and you get a big first day. You go on big-ticket shows, you create awareness of a film, and you get a big opening. We got a big opening without that - that means our tests were correct. And 36 crores (360 million rupees or $6 million) is a huge opening. You cannot go higher than that," he said.

Figures released by Yash Raj Films this week show that "Dhoom 3" grossed more than 5 billion rupees ($80 million) worldwide, a first for an Indian film.

Aamir Khan often teams up with film producers to brainstorm on marketing strategies. In 2008, the actor ensured that ushers and food vendors at cinemas playing arch rival Shah Rukh Khan's "Rab Ne Bana Di Jodi" sported haircuts like his character in the film "Ghajini", which released the same year.

In 2009, Aamir Khan announced a nationwide treasure hunt for fans to find clues to the character he was playing in "3 Idiots". He was also one of the first Bollywood actors to promote films through reality TV shows, a formula he rejected for "Dhoom 3".

"The marketing team at YRF (Yash Raj Films) was terrified. They were convinced we were doing something disastrous. They wanted to go all out, and I am not blaming them," said Khan.

Kapoor of Ormax Media said heavily promoting a film like "Dhoom 3" could have increased expectations or given away a plot twist, affecting ticket sales after the first weekend.

"But since there was so much mystery surrounding the plot and the film, it carried on. It is only now, in the third week, that the content is catching up, and collections are falling," he said.

Bollywood might need to take a leaf out of the actor's book. For an industry that relies heavily on the first weekend for most of its revenues, marketing is a crucial tool, and not too many films innovate in that department.

"We need to realize that marketing a film is as important as making it," said Khan. "People think...our story, concept is unique, but when it comes to marketing, we will do the same thing that 25 other people are doing. It doesn't work like that."

INDIA TODAY