As most people know the Harry Potter film that was supposed to come out at Christmas was moved to next summer by Warner Bros.
The official reason is that the Writer's Strike prevented production of any major films for Warner to play next summer. This is a bit of a crock as the writer's strike affected mostly TV and other elements that work on a shorter timeline. Most movie stuff was already done.
There is word in the industry about the real reason. It has to with investors and their short sighted vision. Warner has had an extraordinary, unrepeatable, year with Dark Knight making over $500 million and several other films such as Get Smart doing well. If you added the Harry Potter film to the mix there would be at least another $200 - $300 million.
All this would add up to an enormous amount of revenue for 2008. There's no way 2009 could come any way close and Warner stock would get hammered. Investors seem to only look at the numbers and don't take into account real world variables like having the second biggest hit of all time in one year.
Moving the Harry Potter film moves a couple hundred million from 2008 into 2009 hence leveling things off a bit.
I find it funny and weird how business people and investors think.
The official reason is that the Writer's Strike prevented production of any major films for Warner to play next summer. This is a bit of a crock as the writer's strike affected mostly TV and other elements that work on a shorter timeline. Most movie stuff was already done.
There is word in the industry about the real reason. It has to with investors and their short sighted vision. Warner has had an extraordinary, unrepeatable, year with Dark Knight making over $500 million and several other films such as Get Smart doing well. If you added the Harry Potter film to the mix there would be at least another $200 - $300 million.
All this would add up to an enormous amount of revenue for 2008. There's no way 2009 could come any way close and Warner stock would get hammered. Investors seem to only look at the numbers and don't take into account real world variables like having the second biggest hit of all time in one year.
Moving the Harry Potter film moves a couple hundred million from 2008 into 2009 hence leveling things off a bit.
I find it funny and weird how business people and investors think.
1 comment:
i hear it was poetponed because they didnt want to lose money to the twilight movie that was comming out in december and took harry potters release date when it was moved to a summer release
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