April 30th, 2007

How to recover the high production cost for Spiderman 3?

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As you might already know, Spiderman 3 will hit the theaters this weekend. The first two editions were massive hits. The first movie surprised everyone when it ended its opening weekend with a whopping $114 million. It was the highest box office opening weekend ever before being surpassed by Pirates of the Caribbean: Dead Man’s Chest ($135 million).

The movie went on to amass more than $821 million worldwide. The sequel surprisingly grossed slightly less ($783 million) than the first one but was nevertheless a box office success. These numbers are mind boggling and Sony Pictures are definitely sitting on a franchise heaven. But the success of these movies emboldened them to throw oodles of cash in the production of the third episode of Spidey tales. Spiderman 3 reportedly cost almost $500 million including marketing and promotion costs. Whoa! Although the success of this movie is almost a given and Sony will definitely recover its investment, $500 million seems a bit too much to throw at a 2-hour flick. The management of the movie’s shooting was in total mess and the movie ran months off schedule. But I guess all will be forgotten when the movie turns a profit.

Apart from relying on box office receipts and DVD sales, how will Sony recover its costs? Through merchandizing, of course. Spiderman is a product that is easily marketable to kids and even geeks. Sony is pulling out all stops to market the movie and harness Spiderman’s merchandising power. Couple of weeks back I got this email from Amazon:

spiderman action figure

Now who could resist that awesome stuffed toy, rock-on pose and all. But that’s not all. Sony is leveraging the Spiderman brand in almost all forms - board games, graphic novels, video games, soundtrack album, toys, comic books, etc. Note the not-so-subtle “Shop Now.” Take a look at the various options that Amazon offers to help Sony recover its colossal investment:

Spiderman Products from Amazon video games board games graphic novels

I am sure Sony will have no problem recovering its money but I hope its free-spending ways doesn’t spread to its other movies where chances of recovery might not be assured. After all, big spending is a habit hard to lose.

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7 Responses to “How to recover the high production cost for Spiderman 3?”

  1. sqrl Says:

    Well, the spidey toy is a little freakish.. dont know if I’d buy it..and is my imagination or is toy Spidey a..ahem ..little person?

    BTW, my acceptance speech.. :)

    am waiting for ash’s comment on this one >:)

  2. Patrix Says:

    Sqrl, freaky? Well, at least it isn’t as freaky as the ‘Tiddy Bear’ :)

  3. The Piker Says:

    [Patrix]
    After a hiatus, here comes the deluge of posts! (Tempted to use the ‘lull before the storm’ analogy here) Anyway, I can’t wait for Spiderman-3.
    Btw, that tiddy bear was hilarious. Another one of those classic infomercials on TV. I wonder how people manage to manufacture ways to make your life appear ‘easier/better’ than it currently is.

  4. Patrix Says:

    Piker, the unfortunate part about this blog has been the sporadic manner in which content is updated. But I guess, it will do for now.

    Trust the ‘innovators’ to think of ways to make your life easier even when you think it is easy enough.

  5. sqrl Says:

    :O @ tiddy bear..is that even real?! I wonder if the manufacturer inserted some kind of wireless hidden camera in it…

  6. Patrix Says:

    Sqrl, trust me there is a market for even the weird stuff. Check eBay’s listings for a small sprinkling :)

  7. DesiPundit » Archives » Spiderman 3 Says:

    [...] Update- Can Sony recover the millions it has invested in Spiderman 3? Patrix explains how. [...]

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