Will ‘Hamilton’ be a hit for Disney +? It will be difficult to say


Now, the filmed version of the musical will premiere on Disney + this weekend, but it can be difficult to determine if it will be a huge success.
Unlike Broadway movies or shows, there is no box office for streaming services. Netflix (NFLX) And Disney + generally keep audience numbers secret, and even when they offer a rare glimpse, the data often lacks context and third-party verification.
“Audience data for broadcast services is a highly sought-after but rare product,” Paul Dergarabedian, senior media analyst at Comscore (SCOR), he told CNN Business. “At this point, you’re more likely to see a unicorn than to see full audience data shared by streaming services.”
This makes it almost impossible to determine what is a hit in the broadcast world. While “Hamilton”, with its rabid fan base, best-selling cast album, captive audience, and Disney’s advertising machine, should be an easy decision, no one will know for sure unless Disney (DIS) decides to say that.

And that may not happen.

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“I don’t think there is a strong incentive to be more public about audience data,” said Zak Shaikh, vice president of programming and entertainment at research-based media firm Magid.

After all, audience is not really important to services because most trust a subscription business model. Still, having a branded movie like “Hamilton” on the service draws attention to Disney +, which in turn could draw more subscribers.

While keeping buttoned data is nothing new for services, transparency around data transmission is drawing more conversation as the pandemic changes to Hollywood. Movies like “Artemis Fowl”, “Scoob!” and “The King of Staten Island” recently overlooked cinemas closed by coronavirus and went on to a digital release.
“Hamilton” did this too. According to Deadline, Disney reportedly paid $ 75 million for the movie rights to the play and said in February that it would release the movie in theaters on October 15, 2021. Then the coronavirus occurred.

As these major releases change from theatrical plans to digital releases, their audience changes from transparent to opaque.

And the line between “what is successful and what is not getting too blurry” in the streaming world, said Shawn Robbins, chief analyst at Boxoffice.com.

That opacity doesn’t always work in favor of a service or studio, because box office totals and TV ratings are more than a metric of success. They provide marketing opportunities to promote a movie or television show based on popularity, according to Robbins. That’s why the big summer movie commercials always tell you to watch “World’s No. 1 Movie!”

“Retaining the data can protect the reality from disappointing results, but it also means that successes cannot be measured or leveraged,” Robbins said. “The box office data has become similar to baseball statistics. A studio can use a movie’s opening weekend to promote how popular a player’s popularity skyrockets when they hit 50 home runs in one season.”

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While some services like Netflix have begun rolling out ratings for their most popular content, Robbins adds that the numbers can be “confusing and confusing.”

Ultimately, true transparency may require advertisers to introduce streaming services into it, said Shaikh, the Magid analyst.

“As the world of streaming becomes more crowded, advertising-based services will begin to play a bigger role,” Shaikh added. “And advertisers may well require that this data be public, so to help make comparisons between pieces of content.”

Until then, the broadcast success of “Hamilton” and movies like this will be open for interpretation.

“Clearly it is about the large number of subscribers and not the success of individual titles that are important to broadcasting companies,” said Dergarabedian, an analyst at Comscore. “But as more services and content come online, it would be up to the industry to embrace the power of data to influence consumer behavior.”

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