For his Oppenheimer biopic deal with Universal, Chris Nolan said he needed $100 million plus (a) a $100 million marketing budget, (b) total creative control, (c) 20 percent of first-dollar gross, (d) a blackout period during which Universal would not release another movie three weeks before or three weeks after his release, and (e) a 100-day theatrical window.
A little more than two years ago N.Y. Times contributor Nicole Sperling posted an article about a conflict between Netflix and exhibitors over playdates for Martin Scorsese‘s The Irishman.
In the piece former 20th Century Fox distribution exec Chris Aronson stated that “more than 95 percent of movies stop earning their keep in theaters at the 42-day mark.”
In an 8.21.19 HE story about the story, I wrote the following: “Exhibitors fear that [Netflix’s] proposed 21-day window will persuade ticket-buyers to bypass The Irishman in theatres, as they would only have to wait three weeks to see it at home.
“90% of The Irishman‘s theatrical revenue will come from educated, review-reading, 35-and-over types who will want to immerse themselves in Scorsese’s wiseguy epic (it allegedly runs around three hours) and be part of the conversation, and most of these transactions will happen during the first three weeks, four at the outside.
“A portion of the under-35 megaplex mongrels may attend out of curiosity, but the bulk of the business will come from Scorsese loyalists and cultivated cineastes.
“So if Netflix wanted to be accommodating, they would agree to wait 45 days to stream — half of the window that exhibitors want. My hunch is that the deal with AMC and Cineplex will result in a 30-day delay. Somewhere between 30 and 45 == that’s where the peace lies.”
I’m astonished to read that Nolan believes that his Oppenhiemer-builds-the-atomic-bomb movie will be generating even modest theatrical revenue beyond the 42-day mark. Most movies that aren’t wowser-holy-shit blockbusters are usually “over and done” between the 14- and 21-day mark, 30 days at the outside.