No one cares about “old” movies.
Except consumers.
Their wishes, demands and collecting obsessions are
being serviced, but not by traditional sources.
These two things are … they built vast film libraries
hand-in-hand with a dominant theatrical distribution system.
VHS, followed by the DVD revolution, were both fed
by these film libraries that were owned — bought and sold over the years — by
the traditional “Hollywood” studios. 20th
Century-Fox, Metro Goldwyn Mayer, United Artists, Disney, Columbia Pictures
(Sony), Universal and relative newcomer Lionsgate. Collectively, they own the vast majority of the
copyrights for films of the sound era.
The “old” movies.
Sure, there was “Poverty Row” — Monogram, PRC, etc.
— and RKO, Republic, and others that have come and gone over the years (Avco/Embassy,
Allied Artists, American International, etc.).
Many of their film assets were bought up by the larger studios. A big chunk certainly has fallen into the
public domain (fair game for all).
The other half of this winning combination,
theatrical distribution, has been completely dominated by the “Hollywood”
studios.
Since 1997, the launch year of DVD (before this, films
that were released theatrically are classified as theatrical catalog, you know,
“old” movies), there have been 2,336 films released that have had ticket sales
of $25 million or more (recorded thru the July 21, 2023 weekend).
The “Hollywood” studios, along with distribution sources
that have been acquired or merged, accounted for all but 11 of these hit
films. That’s 99.5 percent of the pie …
that is absolute dominance of the theatrical distribution marketplace.
Billions of dollars, along with billions of dollars
in stockholder equity have been squandered by the rejection of the successful 100-year-old
distribution model.
And here is where it gets really ugly.
You know those “old” movie assets owned for the most
part by the “Hollywood” studios … the ones that made them all that money with VHS,
followed by DVD (1997) and Blu-ray (2006).
They are now being released by “helpers” to service the demands of consumers.
The numbers are stunning. Jaw-dropping!
The preliminary count of DVD and Blu-ray releases
for theatrical catalog category (sound era though 1996) for the first seven
months of 2023 stands at 6,312.
The “Hollywood” studios accounted for 95 SKUs, or
1.5 percent of the release pie.
These break into two groups, restocking of
traditionally replicated titles with new MOD offerings and Blu-ray editions (mainly
MOD also) of previously released titles on DVD. We can’t find a single “new” title among
the group.
Legit sources (boutique, independent, etc. … call
them what you will) chipped in for 256 DVD and Blu-ray releases during the
period. That’s a 4.1 percent share.
These releases largely come from about ten sources
(Kino Lorber, Criterion, Mill Creek, Arrow, Severin, MVD, etc.) and virtually
all of the theatrical catalog released from these sources have been licensed
from the “Hollywood” studios.
Legit and “Hollywood” studios combined for 5.6
percent of the total.
The balance?
The other 5,961 DVD and Blu-ray product offerings in this category are
from “helper” sources (pirates, bootleggers, etc.). 94.4 percent of all theatrical catalog
releases on DVD and Blu-ray during the first seven months of 2023 have been
pirated.
This is a direct result of a streaming obsession, coupled
with a lack of focus and the failure to enforce copyright protections. There really is nothing more to be said …
this is insane!!