Posts Tagged ‘technology’

“Avatar” Brings NewsCorp Into The Film Business In A Big Way

Friday, November 13th, 2009

Avatar is one of the most expensive movies ever made, but will it earn for its investors?

  • Avatar is a new film about a foreign planet and the humans who naturally want to invade it. Director James Cameron (Titanic and Terminator) has worked on the movie for 15 years.
  • Although the film is being released through 20th Century Fox, the film company is carrying a small percentage, as little as 40%, of the production budget. Private equity groups pick up at least 60% of the budget.
  • Because the marketing campaign and technology used in the film are so wide-scaled and elaborate, companies such as Panasonic and Weta Digital have contributed to production and promotion in exchange for advice and cross-marketing opportunities.

Facts & Figures

  • Avatar has an estimated $500 million budget attached to it, including a $150 million marketing campaign.
  • Highly complicated and advanced technology was used in the creation of Avatar, and the creators of that technology will turn their involvement in the film into an advertisement for their emerging business and technology.
  • Because the film is showing in 3-D, ticket prices will be about 30% higher than in conventional theaters.

Best Quote

“We’re turning it into a business, as opposed to a path where everybody’s supposed to service ‘Avatar.’” – Vince Page, Co-Developer of Digital Technology for “Avatar’s” production.

Twitter Needs Novelty

Tuesday, June 23rd, 2009

As the times change, we expect our favorite web programs to keep coming up with new ways to impress us, right? But this article explains how Twitter has actually been stagnating over time.

  • Although Twitter is enjoying more and more popularity, it has not been significantly updated or enhanced for two years.
  • Instead of developing new updates for Twitter on its own, the company has relied on third-party applications to improve its service.
  • It makes sense for Twitter’s board and co-founders to focus on managing its exponential growth, but that doesn’t mean they can’t also focus on innovation.

Facts & Figures

  • Because Twitter gets so much traffic, it is plagued by periodical crashes. This problem had previously been addressed, but a popularity spike in the last few months has seen its return.
  • Twitter currently has 43 employees, up from 20 in previous years.
  • It would cost Twitter a projected $4.3 million annually to sustain itself at its current size. The company has already raised more than $55 million.

Best Quote

“For the entire history of the company, most of the resources have gone to managing growth, and that is still the case. If it weren’t growing nearly as fast, we would be building a lot more things.” – Evan Williams, Co-Founder and CEO of Twitter