The Business of Movie Merchandise

No longer is film merchandise merely a promotional tool used to boost the fortune of a film at the box-office. Worldwide, it has proved to be a successful hook for film studios, itself making healthy contributions to a film’s revenue streams and sometimes (albeit rarely) generating even more than the box-office collections themselves.

Consider this — tied along with the release of Harry Potter and the Sorcerer’s Stone, the worldwide sale/licensing of Harry Potter merchandise has touched US $ 1 billion - figurines, food tie-ups, posters, accessories, comic strips, stationery to magic kits and home furnishings featuring Harry and friends from the Hogwarts school.

And, who can forget Ghost Busters, Jurassic Park, ET-The Extra-terrestrial - ‘stuff’ that legends are made of, literally, for they stood out for their innovative merchandise, as much for their box-office collections.

Synergy is now the key, as web technology is linking the studios and merchandising in ways never thought possible before. Web viewers are already able to link from devoted sites to buy their favourite toys.

Cut now to the Indian film industry and the situation is totally different.