Sep 22, 2022
This research paper describes the influence of social media on movie outcomes. The research is based on data from various sources, including the website Rotten Tomatoes, which aggregates movie reviews from professional critics, and Twitter, which allows users to post their own reviews.
Social media has a significant impact on how successful a movie is. Movies with higher social media scores tend to perform better at the box office, and movies with lower social media scores tend to perform worse.
The influence of social media is especially pronounced for comedies and action movies. For these genres, a one-point increase in social media score is associated with a $2.5 million increase in box office revenue. For other genres, the impact is smaller but still significant.
There are several possible explanations for why social media has such a strong influence on movie outcomes. First, social media can create buzz about a movie before it is released, which can attract more people to see it. Second, social media can provide information about a movie that people would not otherwise have access to, such as reviews from people who have already seen it. Third, social media can create a sense of peer pressure, causing people to see a movie because their friends are talking about it.
Regardless of the reasons, the findings suggest that social media is a powerful tool that can have a significant impact on a movie's success. Studios and marketers should be aware of this when planning their release strategies. Additionally, the findings suggest that social media users should be thoughtful about the movies they choose to support online, as their voices can have a real-world impact.
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