3D Movies: Will they boost Box Office revenues or condemn it??

Source: Google Images

Over the last couple of years, movie theaters have seen a surge in the release of 3D movies since Avatar in 2009 which proved the technology to be excellent and worth it. This past summer, over 10 films released in the 3D format, but is it creating more revenue? The additional surcharge for the 3D ticket generates more revenue per ticket, but the fact is the public does not want to see every movie in 3D as movies are being converted quickly and many times poorly for a higher ticket price. The poor customer association with the technology is causing people to choose 2D screenings over 3D screenings of the same film, seen this summer with every 3D movie released. The final Harry Potter film, which grossed $169.2 million, generated only 43% of this figure from the ticket sales of its 3D screenings. The same percentage was seen with all of the summer’s top grossing films, which begs the question is 3D worth the extra surcharge of about $5. Based on this, 3D will most likely harm the box office as it’s over priced and not always worth the money, and especially with cheap movie streaming at home, less people will be attracted to pay to see 3D movies in theaters.

The Magic of the Name – Will the Harry Potter marketing machine survive now that the books and films are done?

Source: Comingsoon.net

The name Harry Potter is known across the world today, whether it is in relation to the extremely successful book series that has sold over 450 million copies worldwide or the highly popular film adaption series. The key to Harry Potter’s success is their marketing technique, and the power of the name Harry Potter itself. Harry Potter main marketing technique: ambiguity, which is avoided by most companies as it is seen as trying to reach too large of an audience. But luckily, the narrative of the Harry Potter story is so diverse and full of mystery that compels people of all ages to read it. Also, it has the entertainment that it is being marketed with, which increase customer association with the brand, and with the publicity it is gaining in the press (both good and bad) is increasing the public’s want for the product.  Some claim that the Harry Potter era will shortly burn out, but with new, expansive marketing including the launch of Pottermore, the release of the final film on DVD later this year, and the timed release of the Harry Potter novels in ebook format starting this October, but this increase in marketing after the films and books will attempt to keep the magic alive.

 

Silvercorp Metals Fraud? The Ethics of Lying

The situation is that an anonymous letter claiming that Silvercorp Metals, a Chinese mining company based in Vancouver, committed fraud while reporting their profits/losses for 2010. They are accused of reporting a profit in the United States for 2010 while reporting losses in China for 2010. The ethical dilemma here focuses on lying. Silvercorp Metals has been accused of lying, but are denying these claims and are posting reports on the internet proving these claims false. The ethical situation here is that lying in business is not good as it can provide ways to escape paying certain fees or taxes and becoming eligible for special circumstances that the company should not normally be eligible. That is the ethical dilemma if Silvercorp is indeed committing fraud. On the other hand, the ethical situation is that the creators of the anonymous letters are committing fraud themselves to discredit Silvercorp to knock Silvercorp down a level which puts them to some unknown advantage, which is bad business as they are gaining an advantage through lies and deceit. Either way, the situation is full of bad ethics that can sway either way depending on the outcome of the investigations being done by the FBI, and other government agencies.

http://www.businessweek.com/news/2011-09-14/silvercorp-denies-report-on-sales-says-fbi-seeking-authors.html