Why Amazon Is Far From Profits

A documentary about First Lady Melania Trump surpassed most estimates for its opening box office revenue. Here’s a look at what may have helped the film’s success, why the film can’t be called a success story for Amazon.com Inc (NASDAQ:AMZN) yet, and the early international box office figures being turned in. ‘Melania’ grossed an estimated…


Why Amazon Is Far From Profits

A documentary about First Lady Melania Trump surpassed most estimates for its opening box office revenue. Here’s a look at what may have helped the film’s success, why the film can’t be called a success story for Amazon.com Inc (NASDAQ:AMZN) yet, and the early international box office figures being turned in.

‘Melania’ grossed an estimated $7 million in its opening weekend, which beat expectations that were in the $2 to $5 million range. The film also posted one of the best opening weekends for a documentary in decades.

The film was helped by several items that may not have been factored enough into estimates. ‘Melania’ performed well in Republican states and rural small-town areas, as reported by Deadline.

Don’t Miss:

Also helping the film was a mostly female audience, with some groups attending the film together. Women made up 72% of the audience, with people aged 55 or older also representing a large percentage of the film’s audience. Overall, it was older women in small towns that helped propel the film’s box office.

The film outperformed in states like Texas and Florida, where President Donald Trump has performed well in elections. Big cities such as New York and Los Angeles saw the film underperform.

Amazon spent $35 million on the marketing efforts of the film, which included buying ads on social media platform X, putting an ad on the outside of the iconic Las Vegas Sphere venue and buying prime advertising slots during NFL Playoff games before the film’s release.

Also likely helping the film’s marketing was tweets made by Trump multiple times before the film’s Friday premiere and X owner Elon Musk retweeting a post about the film. Trump and Musk are two of the most followed accounts on X and their sharing of the post was huge marketing for the film.

Trending: It’s no wonder Jeff Bezos holds over $250 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here’s how everyday investors are getting started.

While “Melania” may have outperformed in its opening weekend, now comes the even tougher part: staying power. The film opened in more than 1,700 locations in the U.S., a large number for a documentary.

Source link