When I went to see the Harry Potter premiere this last Thursday the last thing on my mind was blogging but when I started looking at our recent power points in my Survey to Professional Media class, I came across the slide on Collecting Money.
In this slide, many things were discussed directly and indirectly, were the main topics. I learned that direct is buying media products directly (books, magazines, DVDs, Internet or cable subscription, movie tickets, etc). However, indirect is buying advertised products.
So basically, buying any forms of mass media — generate revenue both directly and indirectly — like magazines, major movie premieres, or cable companies. They charge subscriptions, sell advertising, or even the un-noticeable movie advertisements.
This one slide made me think back to watch Harry Potter and The Deathly Hollows. I recently read an article called ‘Harry Potter’ Has $330 Million Debut Weekend by Brook Barnes, on November 21, 2010.
Through reading this article I was informed that the seventh Harry Potter movie opened to a jaw-dropping $330 million in ticket sales, globally, just over the weekend. Proving that the Warner Brothers marketing and distribution departments, stepped it up to the plate and hit a home run, yet again.
That total easily made “Harry Potter and the Deathly Hallows: Part 1” No. 1 in North America generated a $125.1 million. It is the second-biggest domestic opening for the entire Harry Potter franchise; adjusting for higher ticket prices, “Harry Potter and the Goblet of Fire” sold $127.4 million over its first three days in November 2005.
The strong results for this film obviously reflected the continued popularity of the J. K. Rowling’s Harry Potter books. It seems as though every single one of these movies has also earned strong reviews in all of the box office.
But just as important was the strenuous yearlong, full-court press by Warner’s global marketing chief, Sue Kroll, to position the “Deathly Hallows” as a must-see event for both children and adults, alike. These advertising campaigns played up the sophisticated, yet darker elements of the plot. Harry, Ron, and Hermione are now all grown up and that good-versus-evil battle is becoming extremely intense.
The marketing materials also showed some type of edge into the different types of franchise by taking risks like identifying the film only by the letters “HP7” and posting posters and billboards with what looked like blood; especially posters like the one that depicted the Hogwarts castle in flames.
“It paid off to the point that was unexpected, about 25 % of the North American audience for “Deathly Hallows” was in the 18-to-34-year-old age group,” according to Dan Fellman, Warner’s president of domestic distribution. “No other franchise has been able to age and expand the audience this way,” Mr. Fellman said. Thus, young and old media professionals should observe how things affect one another in marketing.
Generation Y, definitely took full advantage of this movie, considering the intensity of how many people from this age group attended or supported the movie/books.
The Harry Potter series will finally conclude with the 3-D release of part 2 of the “Deathly Hallows” on July 15, 2011. This franchise, that is overseen by Alan F. Horn, Warner’s chief operating officer, has generated $6 billion at the global box office and billions in television, DVD, and merchandise sales.
“The success of “Deathly Hallows” just how big a hole Warner, owned by Time Warner, will have to fill once the series ends,” box office analysts said.