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Hannah Montana release savvy or sneaky?
Jeremy Herron
NEW YORK—Hurry, hurry, hurry! The movie event of the year! One week
only! It’s one of the oldest tricks in the marketing book — the
limited-time offer — and The Walt Disney Co. worked it to perfection
last weekend when tweens spent $31.3 million to see the studio’s latest
hit, “Hannah Montana & Miley Cyrus: Best of Both Worlds Concert.” But
now that the 3-D film’s run has been extended, were parents duped into
rushing their kids to the theater? Or was it just another case of
Disney’s marketing mastery?
Dan Smith, marketing professor at Indiana University’s Kelley School of
Business, called the strategy “a legitimate tool.” “When you create that
kind of buzz and combine it with scarcity, you’re going to drive up
demand,” Smith said. “The model strikes me as not much different from a
rock concert.” As most media companies are ceding control of when and
where consumers can watch shows or listen to music, Disney is managing
its content as tightly as ever. And based on the movie’s results — the
“Hannah Montana” film set a record for any movie opening on a Super Bowl
weekend — people are falling over themselves to keep Disney’s schedule.
“When you have a successful franchise, setting the time table and
controlling the distribution just develops an appetite for more,” said
Michael Kupinski, media analyst and head of research at Noble Financial
Group. “No one is as good at this as Disney.” The company rode the
strength of its “Pirates of the Caribbean,” “High School Musical” and
“Hannah Montana” franchises to a 9 percent increase in fourth-quarter
revenue and better-than-expected earnings.
Disney says it planned all along for a one-week run for the “Hannah
Montana” film, envisioning it as an extension of the wildly popular
concert tour that played to sold-out arenas across the country last
year. Disney has also used limited-time offers to sell anniversary or
special versions of its iconic animated movies, from Snow White to
Pinocchio, and has changed the terms to meet demand.
The studio extended the “Hannah Montana” run on Saturday, giving theater
operators the option to show the film for as long as they like. Disney
said it responded to “astounding” demand on the opening weekend.
But the company also knew long ago the movie would be a smashing
success. Advance ticket sales were higher than for any movie that was
not a sequel, and the fifth-highest ever, according to online ticket
seller Fandango. In fact, it has been the top-selling movie at the
service since the tickets went on sale Dec. 1. Fandango alone sold more
than $9 million in advance tickets for the weekend shows of “Hannah
Montana,” nearly a third of the total box office. Disney says it told
theater operators well in advance the company would extend the run if
demand was high.
The company says it wasn’t trying to manufacture scarcity to drum up
demand. “We were trying to make it like an event, like a concert,” said
Mark Zoradi, president of Walt Disney Studios, Motion Picture Group. “If
we were trying to make it scarce we would have had a more limited
release,” he said. The movie ran on all of the country’s 683 public
screens equipped to handle 3D films, and averaged $45,534 per screen
over the weekend. A typical blockbuster opens in 3,000 theaters and
averages about $7,000 at each, according to industry statistics. Most
movies are released as broadly as possible, Smith said: “You want a
large number of people to see it quickly just in case it doesn’t fly.” |