‘PANTHER’ SUCCESS A TRUE SUPER STORY
Smash proves ‘diversity does, in fact, sell’ tickets
NEW YORK — A lavish, headline-grabbing premiere. Lightning word-of-mouth stoked by glowing reviews. Packed movie theaters with sold-out shows, long lines and fans decked out as characters from the film.
The phenomenon of “Black Panther” had the look and feel of a classic, bona fide blockbuster en route to its record-setting $201.8 million debut over the weekend, or an estimated $235 million
Friday through yesterday. Much has been made about the film industry’s struggles to tap into pop culture the way it once more regularly did — that TV and streaming options and a dearth of fresh ideas have diminished the power of the big screen.
But when Hollywood does manufacture a mustsee theatrical event, it has increasingly been propelled by the power of inclusivity. Just as Jordan Peele’s Oscar-nominated “Get Out” ($253 million worldwide on a $4.5 million production budget) and Patty Jenkins’ “Wonder Woman” ($821.1 million) did before it, “Black Panther” captured the zeitgeist by the potent combination of topnotch filmmaking (the film stands at 97 percent fresh on Rotten Tomatoes), studio backing and an audience hungry to see itself represented on the big screen in a way it seldom has before. At the box office, inclusion is paying — and often, it’s paying off big time.
“Diversity does in fact, sell,” said Darnell Hunt, a professor and director of social science at UCLA whose research has detailed the connection between diversity and bottom lines. “In hindsight, it’s kind of a no-brainer. The American public is about 40 percent people of color now, and we know that people of color over-index in terms of media consumption. The patterns we’ve been seeing are only becoming more pronounced as time goes on.”
“Black Panther” debuted with $361 million in worldwide ticket sales, setting up the $200 million film for a theatrical run that should easily eclipse $1 billion. History is assured. Just months after Jenkins helmed the biggest box-office hit directed by a woman, Ryan Coogler will set a new mark for films directed by an AfricanAmerican. The debut, the best ever for February, is the fifth highest of all time, not accounting for inflation.
At a time where hits are hard to come by for Hollywood, diversity in storytelling is proving to be not only a just cause, but a box-office imperative.
“If you want to succeed on the global stage, certainly in the tent-pole business, you have to have diversity in storytelling, in the characters that you put in front of the camera, in the artisans you put behind the camera — to be able to get that better, richer storytelling and to drive huge results,” said Dave Hollis, distribution chief for Disney. “The results speak for themselves.”