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News: General

Studios Use Big Budgets To Boost Theater Attendance

Wednesday, March 09, 2016   (0 Comments)
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From The Wrap:

The large Hollywood studios continue to shift budgets toward high-cost tentpole films. In the last 15 years, average production budgets have gone up more than 50 percent (or approximately 3 percent per year). Films with budgets greater than $100 million now account for more than 15 percent of films.

As large studios pour more money into tentpoles, they are pulling back on small-budget films (those with a budget of $5 million to $20 million) and pushing medium-sized films (budgets of $50 million to $100 million) into tentpole territory.

- Read the full story at TheWrap.com



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