Business when The movie took place

2. Box Office
Grossed $14,600,000 it’s opening weekend
$70,000,000 overall
Rentals it made $32,500,000
Budget 14.6 million
Filmed March 16-June 10, 1992
Released February 12, 1993
Groundhog Day was the #1 movie for two weeks

3. 1990s
Box office sales decreased in the early 90s due to
the economic recession but increased by 1993.
Average film ticket $4.25-5.00
Quality meant expensive special effects
Chase scenes, high tech graphics
Higher cost for celebrities, agency fees, production
costs, promotional campaigns, CGI (computer
generated images), threats of actor and writer
strikes

4. The Digital Age
2/3 of households owned at least one VCR in
1991.
Rentals and purchases of video tapes were
higher in sales than movie theater tickets.
Members of the Academy of Motion Pictures
viewed Oscar-nominated films on videotape in
1994

5. Digital Development
The home-video market became a major factor in total revenue for a
film
Doubled the total income for a film
An important digital development was the DVD (digital versatile disc)
Held 10 times more information than the CD
DVD players outpaced VHS sales when they emerged in 1997.
Many produced films went directly to DVD or cable without
appearing in theaters.

6. Changes in the Major
Studios
1990 – Warner Communications and Time Inc.
merged to form Time/Warner
Largest communications merger to date
Late 1990 – Japanese corporation Matsushita
Industrial, Inc. acquired MCA/Universal for $6.1
billion.
1994 – Viacom bought Paramount Pictures
Disney became the first studio to gross $1 billion at the
box office

7. International
Even after Groundhog Day was released in the
United States, it continued to be released
overseas a year later.
Argentina, Sweden, Australia, Germany, Finland,
UK, Denmark, Spain, Netherlands (1994)