Box Office Analysis: Seeing Movie Business Through Data

Source: www.imperialtheatre.com Though we usually strive to focus on specific areas or a niche zone for in depth analysis, this time wanted to direct your attention towards a bigger picture. We believe that talking about this particular topic would help you to understand many of our future analysis, and also gives us a way to introduce you to the idea that on-the-surface stats are rarely descriptive enough to understand the situations. Today, we are going to show you a little bit of how movies have been doing over the years since records have been kept, or rather, records that IMDB has. For our analysis, we have used the list of movies in IMDB’s records till the end of 2016. Though the original dataset has 5043 movies, we had to remove duplicate entries, and even remove movies that had insufficient information and would not contribute well to our analysis. Even though there are many different categorizing levels for genres, we decided to use only a handful of primary level g

The film industry uses box office revenue, or, the amount of money generated through movie ticket sales, to measure the commercial success of the films it produces. The global film industry shows healthy projections for the coming years, as the global box office revenue is forecast to increase from about 38 billion U.S. dollars in 2016 to nearly 50 billion U.S. dollars in 2020. Figure: Box office revenue in America from 2000 to 2019 (in billion U.S. dollars) Data Source:  Domestic Movie Theatrical Market Summary     However, the statistic above presents data on the annual box office gross revenue for the last 20 years in the US. In 2018, 11.96 billion U.S. dollars was earned at the box office which is a growth of over 2.2 million over the past decade. In 2019, the country has made 11.18 billion U.S. dollars so far. Ticket sales account for a sizable portion of the film industry’s total revenues. Over 1.3 billion tickets were sold at the American box office in 2018. The

The (lack of) prevalence of women on the film set has been a topic of much debate. While the movie business has been making progress in the right direction on this account, true gender equality is still some way off. This blog is inspired by some articles which claim to observe some interesting parallels between a movie’s lead gender and its success at the box office. Female-led films outperform at box office , Films with female stars earn more , and  Movies Starring Women Make More Money are just some of the headlines that have spawned in this study’s wake. This blog post reports our findings concerning the casting of females in movies. Here, we considered movies released between 2014 and 2017 inclusive. The 541 movies were labeled with the lead character’s gender. We created three separate categories: male-led, female-led, and movies with neither a clear male or female lead. This last category mainly encompasses movies having an ensemble cast containing both actors and actresses

Many of us have been an enthusiastic fan of movies and like to explore great movies through looking at different film ratings and reviews websites such as IMDb, Rotten Tomatoes, etc. While reviewing the top movies list, we might be wondering, what are the primary factors that influence a movie’s success? Is it budget, box office, language, or movie genre? Hence, we, the three movie lovers and data lovers too, decided to conduct a statistical analysis regarding the influential factors of a movie’s success. We looked at IMDb  Top 500 Greatest movies of all time   and created our dataset. Our categorical variables   consist of information on certificate, genre, country, and language. ​Numerical variables   consist of information on duration, rating, vote, gross, and budget. There are 9 different certificates, 21 languages and 29 countries in total. Some movies’ gross and budget information were not available and we ignored those movies. There are some sources of noise   in the