One Major Challenge for Low-Budget Movies: Limited Marketing Funds!
By Faisale Shefawe
Updated on 05/22/24 10:55 AM
Last year, a total of 504 movies were released in the US. The top movie of 2023, “Barbie”, grossed $1.45 billion worldwide with a production budget of $145 million and an estimated marketing budget of $150 million. The second highest-grossing film, “The Super Mario Bros.”, brought in $1.36 billion globally with a production cost of $100 million and an estimated marketing budget of $100 million. Large film production and distribution companies like Warner Bros. and Universal Pictures have realized they need to spend big on marketing to increase the chance of commercial success. Good scripts and famous casts alone cannot guarantee a box office hit. Small movie production companies need to understand that the marketing budget is just as important as the movie script.
Low-budget movie producers and investors often bet that the quality of their scripts and sometimes talented actors will make their movies commercially successful. However, it’s hard to sell good quality products without fully marketing them. Word of mouth is powerful, especially in the social media era, but it’s not the most effective way to push many to watch movies. There were a few low-budget movies that became successful last year. "Godzilla Minus One," directed by Takashi Yamazaki, grossed $115 million with a budget of $15 million. Another movie, "Evil Dead Rise," directed by Lee Cronin, made $146 million worldwide on a $19 million budget.
Not all heavily marketed movies become box office hits. Movies must be very entertaining to attract more viewers. Movies with high marketing budgets will flop if their stories or productions are unsatisfactory. For example, "The Flash," directed by Andy Muschietti, cost $190 million to make and $150 million to market, but the movie only brought in $273 million in worldwide sales. Another box office disappointment was "Indiana Jones and the Dial of Destiny." Directed by James Allen Mangold, it cost $300 million to produce and $100 million to market, and the movie only brought in $375 million worldwide.
Franchise movies like "Bad Boys" don’t need to spend a lot on marketing because actors like Will Smith and Martin Lawrence attract millions of fans to movie theaters. "Bad Boys for Life," which came out in 2020, brought in $425 million with a budget of $90 million.
There are many good low-budget movies out there, but they can’t reach many viewers because production companies spent all their money making the movies, hoping the story itself will reach the masses with little effort. To make a commercially successful movie, it must have a good script, gifted cast members, and an adequate marketing budget to push it to the public.