Chapter 495 Annual Box Office Ranking
After more than three hours of judging, the awards for the 71st Academy Awards were announced one after another.
In the end, "American Beauty" won five awards including Best Picture, Best Director, Best Original Screenplay, Best Cinematography, and Best Editing.
After being nominated for the Academy Award for Best Director five times, Link lifted the Best Director Award for the first time. He also became the youngest best director in Oscar history, the first best director born after the 1970s, and the only filmmaker to have won Oscars in four categories: Best Director, Best Original Screenplay, Best Adapted Screenplay, and Best Editing.
"As Good as It Gets" won the Best Actor and Best Actress awards.
Julianne Moore won the Oscar for Best Actress, becoming the fourth person among Link's girlfriends to win the Oscar for Best Actress.
"The Last Tyrant" won the Best Sound Effects.
A Bug's Life won the Best Animated Feature Film Oscar. The Oscar for animated feature was established this year, and A Bug's Life is the first film to win the award.
After the Academy Awards, the media's evaluation of each award was both expected and unexpected.
As expected, before the awards ceremony, the media predicted that "American Beauty" would be the biggest winner of this year's Oscars. Compared with "American Beauty", other films released last year were inferior in level and influence.
This is unexpected, given what happened to Link in the past year, including his assassination attempt, his girlfriends giving birth to more than thirty children for him, and recent rumors that he was involved in Harvey's death.
The media speculated that Oscar voters might not vote for him.
As a result, Link won the award and became the youngest director in Oscar history at the age of 27.
After Link won the Oscar for Best Director, more film companies approached him to make movies, offering him higher pay than before.
Link did not refuse. He asked Aishwarya and other assistants to continue collecting scripts and wait until he had time to read them after finishing filming "A Beautiful Mind". As long as it was a blockbuster with good quality, he would take the job.
"My dear, don't forget our movie. The crew of "The King and Anna" is ready and waiting for you to have time to start filming."
Jodie Foster said as she held the little one.
"Don't worry, I haven't forgotten."
Link hugged the little one, said goodbye to his girlfriends, and took the heroine Jennifer Connelly back to the New York crew to continue filming "A Beautiful Mind".
In March, last year's North American movie box office rankings and Hollywood film company box office revenue rankings were released one after another by The Hollywood Reporter.
According to the newspaper's statistics, a total of 371 films were released in the North American film market last year, 27 more than in 1997, a year-on-year increase of 8%.
Last year, the total box office revenue of the North American film market reached 6.69 billion US dollars, an increase of more than 600 million US dollars over the previous year.
Among them, 16 films had a North American box office of more than 100 million US dollars, 3 more than last year, and 42 films had a North American box office of 50 million US dollars, 4 more than last year.
Last year, the top-grossing film in North America was the sci-fi movie "Armageddon," released by Disney.
The North American box office was 325 million US dollars and the global box office was 683 million US dollars.
The second place is "Tomorrow Never Dies", with a North American box office of 319 million US dollars and a global box office of 806 million US dollars.
The third place is "American Beauty", with a North American box office of 265 million US dollars. During the awards season, the film's box office increased by 20%. The subsequent North American box office is expected to be around 300 million US dollars.
Fourth place: "Rush Hour 2", with $237 million in North America and $453 million worldwide.
Fifth place: "There's Something About Mary", with $185 million in North America and $396 million worldwide.
The sixth to sixteenth places are "A Bug's Life", "Just Keep Going", "Doctor Dolittle", "Collision Impact", "Godzilla", "As Good as It Gets", "Lethal Weapon 4", "You've Got Mail", "Mulan", "Enemy of the State" and "Kill Bill".
Among them, there are 7 films produced and released by Guess What? - MGM Pictures, and there are 10 films in which Guess What? - MGM Pictures participated in the production and distribution.
Judging from these data, guess what - movies produced by MGM Studios almost monopolize the mainstream film market in North America, and movies produced by other film companies combined have slightly less box office share.
However, other film companies also have the opportunity to catch up. As long as they are willing to follow the example of Disney, Columbia Pictures, and New Line Cinema and strengthen their cooperation with Guess What? Pictures, they will have the opportunity to launch blockbuster movies such as "Armageddon", "Godzilla", and "As Good as It Gets" in the future.
On the list of Hollywood film studios with the highest box office revenue, guess what - MGM released 21 films last year, with a total box office revenue of $2.06 billion, $400 million more than last year.
It accounted for 31% of total box office revenue in North America last year.
The global box office was US$3.513 billion, more than US$500 million more than last year, accounting for 24% of the global box office market.
In second place is Disney Pictures, which earned $733 million in North America and $1.52 billion worldwide last year thanks to 16 films including "Armageddon," "Mulan," and "Enemy of the State."
However, Disney Pictures had the participation of Guess What Pictures in two of its best-selling movies. After the box office revenue comes back, Disney Pictures also has to share the profits with Guess What Pictures. Disney Pictures earns less than what is on paper.
Columbia Pictures came in third, earning $516 million from films like "Godzilla," "As Good as It Gets," and "Urban Legends," with global box office revenue of about $1.12 billion.
Like Disney, it also has to share profits with Guess What Pictures.
The box office revenues of several other film companies were relatively poor, with a significant decline compared to previous years.
What is even more unfortunate is that this downward trend is continuous, having started in 1994, and until now several companies have not found a way to recover.
As a result, Barry Diller had to announce his resignation from 20th Century Fox, and News Corporation appointed Bill McNicol as the new president of Fox.
In addition, there are rumors of leadership changes at Universal Pictures, Paramount Pictures, Warner Bros. and other companies. Investors behind several companies are very dissatisfied with the performance of several presidents and hope to improve the company's situation and make more money by appointing new management.
"Boss, now all the film companies are looking for us to cooperate with scripts. Recently, we have received 12 large projects with production costs exceeding 100 million yuan, and 36 projects with production costs exceeding 50 million yuan. What should we do? I need you to make the decision."
While Link was filming, he received a call from Daniel DeVito and James Schamus, telling him that the steps in front of MGM Studios were about to be trampled down, and Warner Bros., Disney, Columbia, Paramount, etc., all came to him with script projects seeking cooperation.
Because the production budgets for these projects were too high, they couldn't make up their minds and needed him to make the final decision.
Link had no choice but to ask them to first review film projects with production budgets between 100 million and 50 million, and find projects with unique features and market potential to cooperate with.
For large projects with a production cost of more than 100 million US dollars, he will personally review it after the film is completed.
"Boss, eight projects are too many. They will hinder the production and distribution of our company's films. Should we reduce cooperation with other film companies and then gradually increase them later?"
Daniel DeVito asked with some hesitation.
Based on Link's previous decision, guess what - starting in 1999, MGM Studios will produce and release about 20 films each year, with the remaining 8 film projects being co-produced with other film companies.
Guess what - the MGM board and management were not happy about this decision, as it would make other companies make more money and the company less.
They would rather Link be more dictatorial and take up all the box office share in the North American market.
Finally Link convinced them.
Link believes that a single tree cannot support spring. Whether in the North American film market or the world film market, having only the Guess What - MGM Studios movies is not enough. A monopoly will lead to a shrinking film market, a reduction in the variety of films, a monotonous content, and a lack of competitiveness of film works.
In the short term, the company's profits will increase, but in the long term it will hinder the healthy development of the film industry.
Cooperating with other film companies can not only prosper the film market, but also increase the variety of films, allowing a hundred flowers to bloom. In the long run, the company can gain more benefits.
Link convinced everyone and pushed for the resolution to be passed in the company.
After other film company executives learned of his attitude, they cooperated with him in a more positive manner.
"Eight projects is not a lot, so we should take our time. If the production department is too busy, we can appropriately reduce the number of independent films produced by the company and concentrate on making high-quality films."
Link said.
Daniel DeVito said he understood and would strengthen the coordination of the production department to ensure the smooth progress of all work.
Link put his phone down and continued filming the movie.
(End of this chapter)
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