With extremely weak domestic ticket sales over the weekend for “R.I.P.D.” and “Turbo,” Hollywood has now sustained six big-budget duds since May 1, the start of the film industry’s high-stakes summer season. The other failing movies have been “After Earth,” “White House Down,” “Pacific Rim” and “The Lone Ranger.”
What does this mean for Hollywood? No lesser a power than Steven Spielberg has predicted a wholesale shift in studio strategy.
“There’s going to be an implosion where three or four or maybe even a half-dozen mega-budget (aka “tent-pole”) movies are going to go crashing into the ground, and that’s going to change the paradigm,” Mr. Spielberg said at a University of Southern California media event last month.
What’s needed, some studio executives said, is a recalibration of the kinds of movies being put into production...which is the entire raison d'être for Medient Studio’s “risk reduced” movie making approach.
MDNT’s entire business model is based on making 6-8 modest budget films based on genre’s that the WORLD likes…and at a price that AFTER tax credits and 35% lower production costs (from their world class movie studio under construction in Savannah Georgia) can make lots of money without $100M theatre sales.
Here is our investment thesis on Medient Studios….which at $2 a share is up 500%+ from our initiating coverage at @20 cents.
Big budget stumbles make Medient Studio’s look like the next big thing in movies!
Share This Article
Founder and Editor-in-Chief for NBTEquitiesResearch.com. Contributor and Anchor for the Fox News Channel and Fox Business Network 2000-2013. Chairman & CEO of NBT Group, Inc., a boutique private capital investment bank and investor relations organization.
- Login to post comments
