Wednesday, November 30, 2022

Black Panther 2's Second Weekend: A Note

Here's the post I wrote after Black Panther 2's second weekend. I didn't get it posted in time, but thought it best to put it up here unamended, even if it is already a bit dated with the third weekend (the topic of an upcoming post) now behind us.

Black Panther 2 has taken in some $67 million in its second weekend--a 63 percent drop from its debut of a week before. This is, of course, no disaster for a highly anticipated and therefore front-loaded sequel coming off of an opening boosted by a holiday weekend release, which, seeing the film take in $181 million, was quite healthy.

But it's also not evidence of exceptional legs, either, a lack which matters the more because the big $180 million weekend was not all that was hoped for (actually on the low end of expectations), with this reflected in the film's take to date--$288 million in tickets sold in North America alone.

Compare that to the $403 million the original banked in 2018 in the same time frame. Given that Black Panther at that point had taken in about 58 percent of its total, the implication is that Black Panther 2, following the same trajectory, could yet take in $500 million. But that would be well short of the $700 million the original Black Panther took in (let alone the $820-$860 million with which we could credit it, should we adjust the numbers for inflation), while it stands to reason that, as sequels tend to do, the film will fade faster.

Again, I find myself thinking of the trajectory of Thor 4, which banked about two-thirds of its money in its first ten days ($233 million of its eventual $343 million take). If Black Panther 2 goes the same route that would mean the movie's winding up with that $430 million previously suggested as the low end of the range.

Assuming that $430-$500 million range the movie's even breaking the billion-dollar barrier globally seems in doubt now, and again the gross of $800 million or less still a plausible estimate of the low end of the range for the final take. Still making for a great hit by almost any other standard, where this franchise is considered it would, as about half what the original made in "real," inflation-adjusted terms ($1.4 billion in 2018 dollars, $1.6-1.7 billion in 2022 dollars), be something less than that. Indeed, in going by the rule of thumb that production budgets are matched by marketing budgets, and studios keep 40-50 percent of the take (while the contribution of subsidies and other supports is unknown), anything short of $1.2 billion is suspect as making for less than that profit on the basis of first-run release ticket sales on which producers bank.

All that being the case the executives, going by the usual calculus, would not rush to green-light another $250 million production under the Black Panther banner.

Still, the Marvel Cinematic Universe means that the executives will not abide by that usual calculus. A $250 million budget does leave some room to make a still-big movie with a smaller budget the next time around, while cross-overs and the like can easily tie up the next trip to Wakanda with other characters and plots for the sake of propping up the next release. The result is that even the underperforming Black Panther 2 described here may yet be followed up by a Black Panther 3 in some form, and sooner rather than later.

Black Panther 2's Third Weekend

As of its third weekend Black Panther 2 has taken in just under $368 million--by all conventional measures, a healthy sum indeed. But this is, again, a case of exceptional expectations--not least, given the response to the original Black Panther.

So how does it compare with the first film at the box office thus far?

At the same point in its release--17 days into its North American run--the first Black Panther had taken in $502 million.

So basically that movie had taken in 72 percent of its total North American gross ($700 million).

Assuming Black Panther 2 to be doing the same then it would be bound for something in the area of $510 million--a little higher than my prediction regarding the high end of the range, but not by much, while I think there is reason to expect that it will not hold up quite as well after this point. The main reason is that Black Panther 2 has had a boost from having two of its first three weekends be holiday weekends, with Thanksgiving coming just two weeks after its opener on Veteran's Day, giving it an upward nudge. As a result the next weekend may see a commensurate dip, enough of one that I still expect the film to finish up below the half billion dollar mark--while, with the overseas gross still likely to fall short of the domestic, this would work out to the film falling short of $1 billion at the global level (as against the $1.4 billion of the first film in 2018, and the $1.6-$1.7 billion to which this works out in today's dollars), with all that implies for the bottom line, and if not the prospect of a Black Panther 3, then at least its likely shape.

Tuesday, November 15, 2022

Is the Media Trying Harder to Convince Us That Cinematic Flops Have Been Hits?

Not long ago I wrote about how film critics have become much more prone to give good reviews of films this past decade or so--in spite of the fact that no one (well, not anyone sane) seems to think film has actually got better (and many regarding the situation as having got worse, artistically).

These days it seems that the coddling of the film industry by the entertainment press extends to a similar bias in regard to appraisal not just of the quality of films, but their commercial performances--attempting to convince us that a move that, relative to the investment of resources in it and the expectations held for it, may actually have been a disappointment, was actually a success, more frequently than it might have done before. (Just off the top of my head I can recall such cases being made this year for The Batman and Thor 4 and Black Adam, with Black Panther 2 starting to seem to me a candidate for the same treatment.)

The motivation for this seems obvious enough. All other things being equal (for instance, if there isn't a bottom-line advantage in treating something as a failure, like the preference for taking a tax break on Batgirl to actually finishing and releasing the movie) no business wants its product, no Artist or Suit wants their creation, to be called a failure--and the press is highly accommodating that way. At the same time there is a desire to present films one personally favors--or wants to be seen as favoring--as successes; to depict the public as sharing their tastes and valuations. (Thus did the "woke" crow over Wonder Woman and Black Panther, while the right crowed over Top Gun 2, with neither much interested in the abundance of details of the films and their reception that complicate their triumphalism.) And the last three years have created enormous ambiguity about just what counts as a success. (People have very short memories--but the near-normal box office of the summer of 2022 was a long way from the still severely hobbled box office of 2021.) The result is that it was easier for people to come to the conclusions they wanted to draw.

Still, that what the mainstream of entertainment journalists says so often seems at odds with the reality--in this case, a more easily checkable reality than aesthetic appraisals (box office grosses and reported budgets are only part of the story, but plenty to enable even amateurs to make reasonable guesses about success and failure)--likely adds to the cynicism about the mainstream media and the bitterness of the culture wars in which argument about any given Friday's release has become so prominent.

Jack London's Anti-Nietzscheanism in Martin Eden

Jack London is said to have thought that, at least on the level of his intended conveyance of his critique of the individualistic outlook exemplified by the then-fashionable Nietzscheanism, his book Martin Eden was a failure. I understand his disappointment--but think that the point he was making was hardly obscure. Admittedly when I came to the book I already knew London's intent--from having read earlier works of his, like The Sea-Wolf (and his too little talked-about dystopia The Iron Heel, and his posthumously published The Assassination Bureau), and some of the associated criticism. Still, the critique of individualism seemed to me not just powerfully present, but often explicit. (Late in the book Martin's friend Russ Brissenden, telling Eden that his view of life simply will not do, says to him that "I'd like to see you a socialist before I'm gone," because "It will give you a sanction for your existence . . . the one thing that will save you in the time of disappointment that is coming to you," by "handcuffing him to life." The words prove prophetic by the book's close--as Martin's fate confirms what Russ said negatively.)

Still, I think that London's treatment of the theme here was less focused and forceful than it was in The Sea-Wolf in particular--the destruction of Wolf Larsen making a more powerful impression that way than the destruction of Eden. I suppose this had something to do with The Sea-Wolf being a shorter, tighter, more focused work, with a more conventional dramatic structure (and more melodramatic, rawer scenario) than Eden's long and comparatively formless struggle to make his way in the world as a writer (which was true to the "writing life," which gave that book's handling of the oft-treated theme a very, very rare truthfulness and force, but was not necessarily what makes for a dramatically satisfying work). The rhythm of the work, all the other things going on in it--the fact that Eden lacks an antagonist and foil to really compare with the challenge Humphrey Van Weyden presented him (Brissenden is too briefly present, too enfeebled, to be such a challenge)--worked against it.

All the same, a classic the book deservedly remains.

Is Black Panther 2 a Commercial Failure?

Hollywood's release schedule continues to normalize. The summer release schedule was thinner than usual (a mere four top-grade would-be action-adventure blockbusters), with the last released in July and the next three months, again, on the light side by the standards of 2019 and before. But from late October forward the slate, if not quite so packed with likely big winners as in some years (or it seems likely to be in 2023), does contain some plausible mega-hits. Most obviously there is Avatar 2, which seems far and away the film most likely to take the American and global box office crown away from Top Gun 2. However, there has also been the Veteran's Day weekend release, Black Panther 2--the follow-up to the #1 film at the American box office of its own year (2018).

That movie, of course, appeared just when Marvel was at about its peak as a commercial draw--the late '10s, circa what would have been regarded as the triumphant climax and conclusion to the Marvel Cinematic Universe had the franchise's runners opted to go out strong at the end of "Phase Three." And there was the promotion of the film as a civil rights "first" (which was a major reason why, in contrast with the rest of the world, Black Panther and not Avengers 3 was the highest-grossing movie in America in 2018). Neither factor can be considered operative with Black Panther 2's release, while the film may also be said to have had the disadvantage of replacing not only its lead actor, but its lead character (in yet another gender switch Black Panther's sister Shuri taking up his mantle).

In spite of all that the movie seems to be selling a lot of tickets at the North American box office--if not so many as some of the more bullish initial projections (which ran as high as $225 million), then at least enough to make the bottom end of that range ($180 million), and leave the film's backers with what would ordinarily be regarded as a respectable sum banked at this stage of the game. Still, the film is a long, long way from matching the gross of the original--$700 million back in 2018, which adjusting for inflation is more like $820-$860 million today (depending on whether one goes by the Consumer Price Index generally or ticket prices specifically), and it is far from clear that it will close the gap, some projections anticipating the film's run ending with just half that $800 million+ figure in North America (a bit north of $400 million). Meanwhile the international box office (which, again, was less enthusiastic about the first movie than the North American, treating the movie as a regular Marvel film, not the milestone it was in the U.S.) would seem unlikely to compensate--especially with, once again, the Marvel movie not playing in China (where the first Black Panther film had made $100 million).

Accordingly it seems likely that the movie will end up with a good deal less banked than the original--maybe even falling short of the $1 billion mark that the first so easily crossed at the global level (and that in today's depreciated dollars, never mind any adjustment for constant dollar values). Indeed, given the likelihood of the gross being at the lower end of the range, and the reality that the first film did a bit less than half its business abroad, even with China included (just 49.3 percent), a Black Panther movie making, for example, $430 million in North America during a global release not unlike that of the last time, but with China out of the picture, might not unreasonably be expected to finish up under the $800 million mark globally.

Of course, having produced that number one is left with what they are to make of it. Judging the success and failure of particular films is a lot harder these days than it was a mere few years ago. This is partly because the bar for success has been raised so high by a handful of really big movies, and it must be admitted, by the immense resources and hype put into far more movies than can possibly attain that bar (the studios unavoidably making a great many gambles they know will not pay off much, or at all, even at the blockbuster level, because commercially blockbusters are their least-worst option). Part of it is, too, that the box office, like everything else in this age of pandemic, recession, inflation and war--of life as itself the Disaster Movie--becomes more volatile. And admittedly it still feels strange to me to call a movie that grosses $800 million (something maybe a dozen films do a year) a flop. Still, a sequel's making just a bit over half of what the original did is not usually considered a spectacular success. Indeed, thinking of this as a matter of Black Panther 2 making the same money as Thor: Love and Thunder did (and less globally than the original made domestically in inflation-adjusted terms) drives home the sense of, if a flop only in a very relative and marginal sense, at least less than might have been not unreasonably hoped for by the film's backers.

Additionally, with this coming on top of the performance of Thor 4--and Shang-Chi--and The Eternals--and Black Widow--reaffirms a sense of Marvel's "Phase Four" being on the whole a disappointment compared with the preceding phases, and very plausibly Marvel's passing the peak of its box office power.* Marvel's Phase Five, which will debut in February 2023 (with Ant-Man 3, and two more major releases in just the next five months), may restore the franchise's fortunes, but I have to admit that I am not too optimistic about that, the essential material simply too played out (indeed, the making and reception of Thor 4 seemed to me a textbook example of what happens when one exploits a character for far too long). And so a giant Marvel is likely to remain for quite some time--but a giant in decline. Just like that other Disney property, Star Wars. However, where Marvel was in the ascendant as Star Wars was declining (this tendency arguably evident from 2002, when for the first time a year with a main line Star Wars movie saw it fail to claim the #1 spot at the box office, beaten out for the top spot by the first Sam Raimi Spider-Man) no other franchise, no other genre, even, seems to be in the ascendant now--with this fact alone sufficient to compound the shakiness of the film industry in our time, especially insofar as it seems to be doubling down on its commitment to big theatrically released films.

* Yes, yes, the $1.9 billion-grossing Spider-Man: No Way Home was admittedly an unqualified success--but the only one, and an anomaly in many ways, not least the special multiverse premise that brought together the three 21st century big-screen versions of the character, which may be virtually unrepeatable. And the more modest performances of not one, not two, but three Marvel films since testifies to its not having set things aright by itself.

Thursday, November 10, 2022

Did the Smart Phone End the Young Adult Fiction Boom?

Between the late 1990s and the mid-2010s there would seem to have been an extraordinary boom in Young Adult (YA) fiction. Hence phenomena like Harry Potter, hence Twilight, hence The Hunger Games. At its climax in the early-to-mid '10s, when College Humor brought us its famous Young Adult Plan for rescuing the economy, superstars of YA like Suzanne Collins, Jeff Kinney, Rick Riordan, Veronica Roth and John Green dominated the bestseller lists, collectively accounting for an astonishing 18 of the 30 places on the combined 2012, 2013 and 2014 Publisher's Weekly lists of those years' top-selling novels.

Then they didn't, the young adult titles seeming to fade from the lists. Many of those authors were still writing, but not making quite the same mark--while new superstars were simply not appearing.

There are likely a good many reasons why this happened--like those books tending to have just a few themes that people got tired of pretty fast, like young-people-rebelling-against-extremely-bleak-dystopian societies, with this seeming the more likely in as, at least in the view of this longtime science fiction reader, they just didn't have very much new to say, or anything very deep to offer. (I might add that as the country's polarization got harder to ignore, publishers--and writers, whose self-censorship should never be underestimated--became less comfortable with such themes, dealing with them in the vague, noncommital ways of the boom period novels.)

But I suspect that far and away the most important factor was the change in media technology, and especially how the Internet, and its ever-lengthening range of entertainment options, became far more portable than before, providing all those alternatives to reading in situations where reading had once been the main source of diversion (like during that commute), and all of this having that much more effect on the younger crowd (which had had less time to form reading habits)--with the smart phone critical here. In the form in which we know it the smart phone made its first appearance in June 2007, by way of the iPhone, after which the devices proliferated rapidly. According to the Pew Research Center's polls four in ten people had one less than five years later (January 2012), half had one a year after that (January 2013), two-thirds sixteen months after that (67 percent in April 2015), and a year and a half or so later, three-quarters (77 percent in November 2016). And while that data set focuses on adults other Pew Research Center data indicates that "teens" were very much included in the trend, with devices scarcely less ubiquitous in that demographic than among their elders, while their use of them became notoriously intensive (45 percent admitting to being online "almost constantly" according to the 2018 survey, with all that implies for when anyone would read anything).

Correlation is not causation--but the YA bubble bursting as the market became saturated with smart phones seems to me no coincidence, people with the devices in hand little inclined to put them down to pick up a book--and constantly tempted to do everything but read a book off of them, the more in as the devices are so much better-suited to just about anything but long-form reading (which, frankly, are easier diversions for most anyway). Young adult books were a predictable early casualty because, again, the young never had the chance to build up the reading habit their elders did--but it seems to me unlikely in the extreme that the changes in cultural life will cease there.

Wednesday, November 9, 2022

George Carlin's Comment on "Offensive Language," and the Train Wreck of the English Language Today

I have in the past had occasion to remark George Carlin's remarks about the word "lifestyle"--which seem to me to absolutely hit the mark.

This is even more obviously the case when we look more broadly at the "language policy" he spelled out for the same performance, satirically rejecting a vast number of other usages.

Notably these usages he rejected were, some inane slang aside, just about all corporate buzzwords, especially as they relate to marketing and management ("I will not say impacted when I mean affected. There will be no hands-on state-of-the-art networking . . ."); and "New-Age lingo . . . support-group jargon from the human potential movement" ("I will not relate to you and you will not identify with me . . . There'll be no sharing, no caring . . . and we definitely will not spend any quality time . . .")

These may seem two different sources of befoulment of the English language, but one can argue that they are actually just one common source. The corporate idiocies and the New Age idiocies of that generation are virtually inextricable. This is not simply because of the innumerable influences they exercised on each other (with corporate gurus displaying their superficial "out-of-the-boxness" by flogging New Age concepts to business-suited executives, with New Agers displaying their utter conventionality by taking lessons from the corporate folk they implicitly put on a pedestal--profits, profits, profits, that is the kind of hippies they are), but because they were both dimensions of one phenomenon pushing the culture in a single direction, and all of this summed up in the inanity of today's cynically promoted vulgarized pop version of "mindfulness," which I think can be usefully compared with what C. Wright Mills called the "sociological imagination." That sociological imagination connected the individual life with the broader life of society and humanity--sees in the "private trouble" the "public issue." The so-called "mindfulness" I am talking about, and the whole mentality it reflects, does the opposite. It endlessly induces the public to understand public issues as only private troubles, to be dealt with privately--the New Age-ism just another "management technique" applied to the public for the sake of the crassest profiteering in the large and the small.

The result is a grotesque mockery of all that ever meant anything in genuine mindfulness.

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