Wednesday, May 6, 2020

Audience and Institution Practice Essay

Assess the importance of marketing in the media area you have studied.

 

            Marketing in the film industry is very important. It is used to promote and promote awareness for upcoming films that are going to be released. However, many question whether marketing is truly essential for films to grow and gain money.

               To start, without marketing, most films would not have the traction it has today. Marketing is important because it can grow the audience of the film, and it can help the movie do better in the box office. For example, Spider-man Homecoming made $880,166,350 in the box office. This would not happen without marketing. The marketing techniques Sony Pictures used to promote this film was using synergy, cross-media promotions, and merchandising. They used synergy by partnering with cinnamon toast crunch to promote their film while people eat the cereal. This important to the film company because many people buying this type of cereal would see this branding and it might have pulled more viewers which would result in more money. They used cross-media promotion by making a music soundtrack and releasing it the same day as the movie. This brought in viewers to the film by using music from the artist Michael Giacchino. Some of his fans might have liked the music and could’ve checked out the movie. The merchandising helped the most. The marketing team used toys to promote the movie by getting into a younger audience for the film. The marketing team also partnered with Sony’s gaming market to produce a game for the PS4. This created a buzz for the movie and increased profit for the film.

               Another example of films that use marketing techniques to help build profits is Furious 7 and Jurassic World. They are both distributed by Universal Studios and released in 2015. Together they made $3,185,448,308 in the box office. Marketing did play a big role in this. They both had trailers and posters informing audiences of the release and both used many other different marketing skills. They used video games to broaden the audience and that brought in many other viewers. However, they didn’t use all of the same marketing skills. Because Jurassic World wanted to have a broad audience, they merchandised toys and figurines to attract younger viewers. Furious 7, on the other hand, used shirts and accessories to gain traction. Both films also used cross-promotion to promote the film, but Jurassic World branded on food while Furious 7 partnered with a phone company. As you can see these efforts to market both films paid off greatly maximizing profits for Universal Pictures.

               The last example is Lego Movie 2: The second part. The sequel did not make as much money as its predecessor. It only made around $100,000,000 in the box office which was around 270,000,000 less than its predecessor. The marketing may have something to do with that. The marketing consisted of the basic things that every other movie does including its predecessor. It used merchandising and cross-media promotion. They only released Lego sets and a video game which resulted in the movie not standing out.  People were not motivated to watch the film because they thought it might be the same thing as the first movie. They also partnered with a few companies to promote the film, but it still did not perform like the prequel. The lack of marketing resulted in a huge setback for the film’s release.

               To conclude, marketing is essential in the film industry. I have watched all of the movies except the Lego Movie 2. The marketing was an influence on me because I watched most of those movies because of the trailers and the promotions and the Lego Movie 2 did not stand out to me as the others did. Most films do well because of the promotion and traction it gains and it would not be like that without marketing.