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Thursday, May 27, 2010

Is this it?

If numbers were any indicator, then certainly the aura of the king of pops, Michael Jackson just refuses to die. The 112-minute film, This Is It (documentary shot out of Jackson’s rehearsals for his comeback concert) has exceeded expectations; the sales figure of $101 million worldwide in the very first week is simply mind-boggling with fans packing theatres across borders. However, released in India on October 28 in at least 150 theatres (as a strategic move to combat Aladin & London Dreams), the movie has not replicated its global success in home market. Ticket sales though encouraging have not been as expected with estimates suggesting only 2,000 tickets sold initially. Blame it on the online ticket sales for the predicament, but given that Indian moviegoers still prefer counter sales, Sony Pictures Entertainment can expect the sales number to surge.

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Source : IIPM Editorial, 2010.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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