We’re nearly halfway through 2009 and, although there has yet to be a major break-out hit on the level of Iron Man or The Dark Knight, there have definitely been a few success stories. And, let’s be frank, a few failures. Keeping that in mind, we asked ourselves – which movie studios should be happiest at the mid-term point of 2009? Who should give their marketing team a July bonus? And which studios have been producing with the most consistent level of quality? To determine who makes the grade, first, we took all of the major films released and averaged their Rotten Tomatoes percentage to determine the critical response to their releases. Yes, it may not be the most scientific way to decide if a studio has had a “good” or “bad” year so far, but it does give something of a quality gauge for a studio’s output from a critical perspective. (Plus it’s just a deliciously dorky thing to do.) Then, using the RT score and our own opinion of a studio’s output, we gave each studio – well, each studio that has widely released at least three films so far in 2009 – a critical grade.
Of course, critically acclaimed films are only half the battle. We also looked at all box office grosses to date and gave a grade for financial success. We then averaged the two for our 2009 Mid-Term Studio Report Card, ranked by overall grade using reviews and grosses for films released through 6/12/09. (Some of you are shaking your heads right now and others – probably fantasy sports fans – are smiling and thinking “Groovy…”) So, now that you understand our criteria, here’s how the major movie studios have been making the grade so far in 2009.
[Note: We excluded small studios like IFC Films and Magnolia because they didn’t have any widely released films in 2009 so far. The threshold for inclusion was at least three films (so Weinstein didn’t make the cut) with at least one having been widely released. With the last standard in mind, the inclusion of Sony Pictures Classics could be considered questionable, but Rudo y Cursi has played on a few hundred screens at once, so they barely made it in.]
1. Focus Features

Focus Features had a limited output in the first half of 2009 (as they usually do), but they produced the best foreign language film of the year to date in Sin Nombre, arguably the best animated film of ‘09 in the beautiful Coraline, and are currently marketing one of the best performances of the year from Maya Rudolph in Away We Go. The box office jury is still out on the latter (although we expect it will do reasonably well), but the company found a way to push Coraline to an astonishing $75 million domestically, making it the second highest grossing film in the history of the studio (after Brokeback Mountain), and all three films register as “Fresh” on Rotten Tomatoes with a stunning 80% average. We wish more people got out to see Sin Nombre (and wonder if the marketing push couldn’t have been better there) and Away We Go is good-not-great, but Focus Features undeniably had a strong first half of ‘09 for what they delivered with Coraline alone. Let’s hope the second half is just as good. Critics (80% average): A-. Box Office: B+. Overall: A-.
2. Sony Pictures Classics

The art branch of Sony has been producing some seriously high quality films this year, but they still struggle a bit with people going to see them. Still, you have to admire the output, one that has averaged an amazing 83% on Rotten Tomatoes, in terms of what it has brought to the world of cinema. Sugar, Tyson, Rudo y Cursi, Adoration, Every Little Step, and Moon are some of the most beloved films of the year for a good reason. But the studio hasn’t been able to get any of them to even $2 million at the box office with only one (Rudo) crossing the $1 million mark. We know there’s a ceiling for small films that seems to be getting even shorter, and it’s a depressing commentary on how few people are willing to see such well-reviewed films, but SPC needs to do something different in their marketing department. There’s no reason Sugar couldn’t have been a breakthrough hit if more people had the chance to see it and Tyson could easily appeal to a wider audience. Let’s hope they find a way to get the great Moon to as wide an audience as possible. Critics (83% average): A. Box Office: B- Overall: B+
3. DreamWorks

Critics and audiences loved Monsters vs. Aliens and I Love You, Man with both films getting great reviews and fantastic audience response. DreamWorks promoted the crap out of both movies, propelling Monsters vs. Aliens to the #2 position on the year to date and nearly $200 million domestically. I Love You, Man didn’t deliver quite as well as the studio hoped that it would at the box office, but critics adored the comedy that will clearly have a long life on DVD. The biggest problem for the studio was how to handle the long-delayed The Soloist, which didn’t thrill too many critics and couldn’t even make $40 million domestically. What was once one of the most anticipated films of the end of 2008 became one of the bigger bombs of 2009, but MvA and I Love You were enough for more than a passing grade on first term. Critics (60% average): B. Box office: B. Overall: B.
4. Paramount

As of 6/12/09, Paramount can lay claim to the biggest movie of the year. Star Trek is in the top ten all-time for the studio already and will likely get to the #7 spot in the history of the company (and that includes DreamWorks films), right behind Indiana Jones and the Kingdom of the Crystal Skull. Up has a good chance of moving past Star Trek on the yearly list (and The Hangover might even do it too) but there’s no denying that the roughly $250 million the film will bring in has satisfied the company and rebooted the franchise. Oh yeah, and it’s great. Star Trek is a critical and financial ‘A’. What about the rest of the studio’s output? If you add the studio’s #2 & #3 highest rated films on the Tomatometer – Hotel for Dogs and Imagine That – they barely surpass the Star Trek total of 95%. They did find a way to get the moderately received Hotel for Dogs to nearly $73 million but Eddie Murphy’s latest was another bomb and the less said about Dance Flick the better. Critics (53% average): B-. Box office: B. Overall: B.
5. Disney

Pixar’s Up looks like it’s going to beat the last two Pixar movies at the box office and is easily the most critically acclaimed film of the year with an insane 98% on Rotten Tomatoes. The wonderful flick alone earns Disney/Pixar a double-A on their report card. A more complex aspect of Disney’s first term comes when you look at the other films that Disney released – Hannah Montana: The Movie, Race to Witch Mountain, Confessions of a Shopaholic, Jonas Brothers: The 3D Concert Experience, and Earth. It’s not exactly a stellar line-up (with perhaps Earth excepted). Shopaholic, in particular, was a massive critical bomb with less than one out of four (23%) recommending the Isla Fisher film which could only scratch and claw its way to $44 million (although the $101 worldwide makes that financial picture a bit rosier). The much bigger bomb was the Jonas Brothers concert film which could only muster $19 million – $12 million less than the Hannah Montana concert film made in its opening WEEKEND. And then there’s Hannah. Her concert film makes $65 million and we think expectations were high that her feature film would shatter that or at least produce High School Musical 3 type numbers. Thus, the $78 million gross for Hannah Montana: The Movie has to be seen as a slight disappointment (although the budget must have been low). And then there’s Race to Witch Mountain. The $66 million for that film paled next to their last Rock family movie outing with The Game Plan making $90 million. But, once again, Disney keeps costs low and makes a reasonable amount at the box office and everyone’s happy. Critics (53% average): B-. Box office: B. Overall: B.
6. Universal

Universal had one of the most interesting first terms of any studio in that they couldn’t seem to find a way to have a film that was both critically well-received and that audiences wanted to see. Duplicity, State of Play, and Drag Me to Hell were massively well-received by critics, but their combined grosses don’t equal the $150 million plus of the critically loathed Fast & Furious. Just kick-starting that franchise back to such financially successful life earns Universal a few points, but how on Earth did both Duplicity and State of Play fail to cross $50 million? Is there really that low an audience for films aimed at adults? To be honest, the critical success of those films (and the great Drag Me to Hell) would have probably placed Universal in the #3 or 4 spot after the first term but then they had to go and release arguably the biggest bomb of the summer, Land of the Lost. At least that time there was some agreement. Both critics and audiences hated it. Critics (60% average): B. Box office: C. Overall: B-.
7. Warner Brothers

Thank God for some drunk guys in Vegas. Without The Hangover, Warner Brothers would have had a horrendous first half of the year. They can lay claim to two of the bigger bombs – Terminator: Salvation and Watchmen – and most of their other product failed to connect. Observe and Report couldn’t cross $30 million. The $65 domestic take for Friday the 13th has to be a bit disappointing (compared to the $81 million of the Texas Chainsaw remake of a few years ago) and even the $62 million domestic take for the highly promoted 17 Again is a bit lackluster. But nothing compares to the $108 million domestic take of Watchmen, a total that we can guarantee you the studio thought would be twice as high. But fate is a funny thing. The fact that The Hangover will be the highest grossing film of first term 2009 for the studio (and possibly all studios based on its trajectory) – it has already passed Watchmen and Terminator – is remarkable and amazing. And WB deserves a ton of credit for how well the film has done – screening it for word-of-mouth well in advance, advertising the hell out of it, and releasing it at just the right time in the season. The Hangover is a critical and financial ‘A’ for the studio. The rest? Ouch. Critics (52% average): C+. Box office: C+. Overall: C+.
8. Lionsgate

What would Lionsgate be without the Jigsaw killer and Tyler Perry? Every year, the latter gives the studio a fall boost and the former usually has a first-half film that rakes it in, no more than 2009’s Madea Goes to Jail, which made an amazing $91 million domestically. As for the critics, they pretty much hate everything that comes out from the studio. Their films with the highest acclaim were My Bloody Valentine 3D and Crank 2. Wow. And the fact is that for every Valentine or Haunting in Connecticut, both of which crossed a very respectable $50 million domestically, there is a New in Town (a dismal $17 million) or a Battle for Terra ($2 million). Critics (38% average): C-. Box office: C. Overall: C.
9. Sony

The fact that the mighty Sony had a worse first term than the often troubled Lionsgate is an amazing fact but they released six major films and none registered as “Fresh” on Rotten Tomatoes. And all but one of their films could be considered a bomb. In fact, if it wasn’t for a pudgy mall security guard, Sony would be even further down this list. Paul Blart: Mall Cop was the pre-Hangover sleeper of the year and proved that Kevin James can actually be a movie star by making $146 million domestically. But the rest of Sony’s slate? The International couldn’t cross $30 million. The Pink Panther 2 didn’t make HALF of the first film. The less said about Fired Up the better. And even The Taking of Pelham 123 was greeted with a nationwide should shrug. Angels & Demons? Critics hated it and the film is going to struggle to cross $140 million domestically or $80 million less than the last film. That’s a bomb. (Although, to be fair, the worldwide gross of Angels will certainly turn a nice profit.) Critics (37% average): C-. Box office: C-. Overall: C-.
10. New Line

What will happen to New Line? The studio that is essentially a part of the Warner Brother machine had one nice hit in He’s Just Not That Into You ($94 million) but Inkheart ($17 million) was a total disaster and Matthew McConaughey proved that he needs Kate Hudson to find box office gold with Ghosts of Girlfriends Past performing worse than Maid of Honor or What Happens in Vegas from last summer. The fact is that the studio hasn’t delivered a $100 million performer yet this year and is performing like a company on its way out more than a vibrant branch of one of the biggest studios in the world. Critics (37% average): C-. Box office: C-. Overall: C-.
11. Summit

The house that Twilight built is clearly waiting for the next film in that franchise to turn around their 2009, but they threw four films into the marketplace in the first half of 2009 and critics hated 75% of them and audiences only saw 25%. Not a great term. The one that connected with audiences was Knowing, but even that could only get to $80 million after a huge opening. And The Brothers Bloom connected with a lot of critics, but audiences never found the much-delayed film. As for Push and Next Day Air, everyone except the people who made the films ignored those two. As for their second term of ‘09, Summit is the player to watch as far as moving up this list with The Twilight Saga: New Moon a virtually guaranteed performer at the box office and the studio releasing one of the best films of the year, The Hurt Locker, next month. Critics (34% average): D+. Box office: C-. Overall: C-.
12. Fox

Fox can tout three of the top ten films of the year – X-Men Origins: Wolverine, Taken, and Night at the Museum: Battle of the Smithsonian – but there has rarely been a major studio to have such a critically reviled season. They released ten films and not a single one of them could cross Rotten Tomatoes’s 60% “Fresh” threshold with Taken being their most critically acclaimed film of the year. The critical and financial success of Taken along with the box office take of their summer hits would have placed Fox much higher if they hadn’t also released total junk like Street Fighter: The Legend of Chun-Li, Miss March, 12 Rounds, Bride Wars, and Dragonball: Evolution. And even their summer “hits” have fallen a little flat. Origins will make less than the last X-Men film and Museum 2 won’t match the first film. Critics (28% average): D. Box Office: C-. Overall: D+.
13. Rogue

Universal’s “youth-skewing” mini-studio released three films under their own banner this year, so they get their own report card. The films? The Unborn, Last House on the Left, and Fighting. Ugh. We liked Last House but most critics weren’t kind to it and audiences really stayed away, bringing it to only $33 million domestically. That’s less than My Bloody Valentine 3D or even The Haunting in Connecticut. It bombed. So did Fighting with only $23 million. The $42 million for The Unborn is pretty respectable, especially when one considers the film was so bad that it should have gone straight to video. January horror movies to counter-program against awards season films is a financially viable market that studios like Rogue knows how to play well. Critics (31% average): D. Box Office: D+. Overall: D+.
14. Screen Gems

What can you say about Screen Gems? Their three films this year? Not Easily Broken, Underworld: Rise of the Lycans, and Obsessed. The latter two didn’t screen for critics and the first one barely screened for paying audiences. The third Underworld film made less than the first two (although will get close to $100 million with worldwide gross, keeping the studio from an F at the box office for the first term). The $68 million for Obsessed has to be seen as a success but the critics who eventually saw it, hated it (18%). Critics (29% average): D. Box Office: D+. Overall: D+.
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