LOS ANGELES (TheWrap.com) - This is a second in TheWrap's array of Studio Report Cards.
PARAMOUNT:
Grade: A-
Paramount has dominated a domestic box office and is staid to constraint a worldwide climax from Warner Brothers, though a studio has had some-more success distributing films around failing partnerships with Marvel and DreamWorks Animation than it has had building a possess in-house franchises.
From "Transformers: Dark of a Moon" to "Paranormal Activity 3," Paramount has had a beast year during a worldwide box office.
In 2011, Paramount has fielded 9 films that have crossed a $100 million separator in domestic sheet sales, including 2010's "True Grit," that logged a bulk of a $250 million worldwide sum in this calendar year.
With $1.73 billion during a domestic box bureau so distant and dual tentpoles slated for a finish of a year, "Mission: Impossible -- Ghost Protocol" and Steven Spielberg's "The Adventures of Tintin," Paramount will positively finish Warner Brothers' three-year power atop a domestic box office.
And with $2.84 billion in unfamiliar income and $4.6 billion in tellurian increase to date, Paramount will also finish Warner's general and worldwide No. 1 streaks.
"Going into a summer, we positively felt like we had a series of large tentpole movies, and on balance, they all delivered," pronounced Don Harris, Paramount's boss of domestic melodramatic distribution. "They all non-stop during high numbers."
But there's something scarier on a setting than a flesh-eating visitor in J.J. Abrams' summer strike "Super 8": a approaching depart of partners Marvel and DreamWorks Animation, a group behind such new winners as "Thor," "Captain America: The First Avenger," "Kung Fu Panda 2" and "Puss in Boots."
Together, those films comprised 4 of Paramount's tip 5 grossing cinema this year.
Paramount gets placement fees from DreamWorks Animation and Marvel, though it doesn't possess a rights to a superhero and family films.
"Their large hits have been with third-party content," Marla Backer, an researcher during Hudson Square Research, told TheWrap. "I don't consider it's transparent they can say their position formed on a in-house calm that they produce."
Paramount's understanding to discharge Marvel films is over, and a agreement with DreamWorks Animation expires in 2012. Though Paramount perceived an 8 percent placement price for a efforts with a dual studios, a depart of Marvel and DreamWorks Animation will take a large cube out of a studio's marketplace share.
Emboldened by a assuage success of "Rango" ($245 million), Paramount recently launched a possess animation multiplication with an eye toward owning a family films it distributes outright. It expects to recover a initial film by a section in 2014.
"The DreamWorks understanding was low-risk, easy money, and as Warner Brothers and other places have discovered, it's not so easy to launch an animation pision," Backer said.
However, Paramount senses that after a series of years of portion as a placement residence for other companies, it has grown adequate of a possess egghead skill to pierce brazen though a comic book association and a animation studio.
To that end, it has high hopes that Pixar conductor Brad Bird ("The Incredibles") can energise a "Mission: Impossible" authorization after 2006's unsatisfactory third installment, and it already successfully rebooted a wilting "Star Trek" franchise. A supplement to a strike 2009 "Trek" film is due out in dual years.
Although "Transformers" star Shia LaBeouf has hinted he's finished roving shotgun to Optimus Prime, there's still gas left in a drudge franchise. After a critically derided second film, "Dark of a Moon" grossed $1.1 billion worldwide and was some-more enthusiastically perceived than a predecessor.
"No. 3 was a best of a three, and we consider that was a biggest tip for a success, was that it was a improved film than a supplement and a original," Harris said.
Outside of a line of tentpoles that Paramount planted opposite a summer and Christmas landscape, a studio had a good fibre of reduce bill successes.
Made for a cost of only $13 million, a studio's Justin Bieber unison film "Never Say Never," took in scarcely $100 million worldwide. Likewise, "Paranormal Activity 3" continued a ultra-low bill series' gusto for sweeping distinction margins. Produced for a tiny $5 million, a condemned residence crack racked adult $201.9 million worldwide.
There were mercifully few bombs. Yes, with a bill of $170 million, a $33 million grossing "Hugo" can safely be approved a flop. However, Paramount merely distributed a film, definition that writer Graham King has been left holding a bag on a Martin Scorsese family picture.
Likewise, an try to give a '80s dance film "Footloose" a 21st century facelift unsuccessful to invite audiences. The $24 million film danced a approach to a $62 million worldwide gross, definition don't reason your exhale for those fleet-footed denizens of tiny city America to leg it by a sequel.
Looking ahead, Paramount seems doubtful to transcribe a record ruinous success subsequent year during a box office. The studio has high hopes for a zombie film "World War Z" with Brad Pitt and "G.I. Joe: Retaliation," though though group in tights or other comic book films, it looks like a reduction powerful slate.
"From a longtime vital vantage point, it's impossibly critical to Paramount that 'Mission Impossible' work," Matthew Harrigan, an researcher with Wunderlich Securities, told TheWrap. "If a sideboard was that good stocked during Paramount, we consternation if there'd be another 'G.I. Joe' movie."
Yet, a studio owns some-more of a films it is releasing, definition that it stands to bank a bulk of a profits.
Of course, all that prerogative comes with a lot of risk.
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11:48 AM Wednesday, December 14, 2011