Sunday, 8 April 2018

Final Data Report

In the past two decades, only two of the #1 highest grossing films in Canada and the U.S. were in a genre other than science fiction or fantasy. Of the top five highest grossing films in Canada and the U.S., only one of them, The Dark Knight, was a crime thriller.



Before I get into the nitty-gritty of why this is, it is important to go over some relevant box office terminology for the uninitiated. Luckily, Box Office Mojo has a glossary of terms that we can refer to. The terms I'm going to be focusing on, however, are "gross" and "ticket price inflation". "Gross" refers to a film's earnings at the box office in U.S. dollars. Usually, a film's total gross is split right down the middle and divided among the film's distributors and exhibitors (theatres). "Ticket price inflation" is an estimate of how much money a film would make if it was released in any other year than its initial release.

The only term that isn't defined by Box Office Mojo is "domestic" (as in "domestic box office" or "domestic gross"). The distinction of this term is important, as not a lot of people know exactly what it means. According to the "box office recording" of this Wikipedia article, "domestic" is defined as Canada and the U.S.

Now that I got that out of the way, I can move on to the question of why science fiction and fantasy films are so popular among us Westerners.

It should come as no surprise that the reasons why we gravitate towards science fiction and fantasy are due to either escapism or social commentary. Escapism is easy: life sucks and we need something to distract us from whatever the hell is screwing us over. Take Shrek 2, for example. It's not exactly deep, or influential, by any stretch of the imagination. It's dumb fun meant to cheer us up.

For the social commentary aspect, let's look at a film that's not on the bar graph: Starship Troopers. According to the Nerdist article, 7 Reasons Starship Troopers Was Way Ahead of Its Time, Paul Verhoeven's 1997 satirical cult classic deals with heavy themes such as fascism, the exploitative nature of reality TV, and colonialism. The article states, right at the beginning, "It's an overblown shiny action movie, parodying overblown shiny action movies and every thing they represent."

Like all cult classics, it was met with critical and commercial disdain, but has gained a more positive reception over the years, as audiences and critics have come to recognize what the film is trying to accomplish.

However, there is an elephant in the room that must be addressed: what is the #1 highest grossing film of each year, from 1997-2017, when adjusted for inflation? As mentioned above, "ticket price inflation" is an estimate of how much money a film would make if it was released in any other year than its initial release.



As you can see above, the #1 highest grossing film, when adjusted for inflation, is Titanic. Obviously, Titanic is neither science fiction nor fantasy. However, it is also directed by James Cameron, who is most well-known for his science fiction films. This could possibly give insight as to why it dominates alongside the other sci-fi and fantasy films on the graph.

It should also be noted that, as explained on this Box Office Mojo page, that ticket price inflation isn't an exact science, as it doesn't take into account certain factors, such as the economic conditions at the time, or the amount of films released that year.

Regardless of whether or not certain films are adjusted for inflation, the overwhelming amount of science fiction and fantasy films that have reached the #1 spot each year should be enough proof of both genres' popularity.

6 comments:

  1. I think the fact that you adjusted for inflation made a lot of sense and definitely added to the data. I also found how you broke down the genres interesting and doing that definitely gave you an angle to go with for the story.

    Wouldn't you consider Batman to be Sci-Fi/Fantasy though?

    ReplyDelete
  2. Hi Jared,

    It is interesting to see that Titanic could be considered the highest grossing movie based on its gross revenue adjusted for inflation. Also, your first chart offers a case for investors to invest in more sci-fi and fantasy movies since they yield a lot of profit and are preferred by North-American viewers.

    Also, I second Yaunna. How did you determine the genres for each movie?

    ReplyDelete
  3. Wow. Those are some interesting results. I guess it makes sense, considering how many super hero movies are produced these days. Like Yaunna, I would have thought of Batman as sort of in the Sci-Fi/Fantasy genre, but I suppose it isn't really. Either way it's interesting that films that aren't within that genre aren't brining in as much money. It's probably for the best that these films are so popular, though, considering how much is spent on their special effects, etc. Your charts are easy to read and you're report is well thought out. Good job.

    ReplyDelete
  4. I like how you clearly labelled and presented your data in two different charts. It's also interesting to see that titanic makes it to the top of the list when adjusted for inflation. I also liked how you specified the genres, as for Batman, I think it makes sense to have it labelled as "other genre" as it's more of a action/crime/superhero film and there's really nothing in it that I would consider as sci-fi.Whereas, American Sniper and Saving Private Ryan are more Drama/Action genres.

    ReplyDelete
  5. I think it's important to note that The Dark Knight is similar to a lot of the other films on this list, being not just a "crime thriller," but a comic book film like six of the other films. There are also four films based on books. I am curious as to why, when adjusted for inflation, the year's highest grossing movie changes for some years.

    ReplyDelete
  6. It is really interesting that super hero movies are so popular but on second thought it makes a lot of sense: parents, teens and kids are all fascinated with super heros, not to mention he ability to know what is going in a movie of that genre even if you’re watching it in a different language. Universal films like that should typically be at or near the top. Great work!

    ReplyDelete