FIGURES AND TABLES

Figure 1.

Worldwide filmed entertainment revenue by window
Source: Company Reports, JP Morgan and Procinea Estimates

Figure 2.

Average cost of major studio feature films for films released in 1997–2005
Source: Motion Picture Association of America

Figure 3.

First cycle feature film revenues and expenditures
Source: Procinea Management, LLC

Figure 4.

Distribution of target universe ROI for films released from 1997 to 2004. ROI=(Total Revenue/Total Cost)- 1, Movies released from 1997 to 2004

Figure 5.

Film revenue versus production cost

Figure 6.

Film revenue versus production cost and director skill

Figure 7.

Distribution of residual log revenues

Figure 8.

Consistent abnormal revenue of Genres

Figure 9.

Distribution of dollar forecast errors from three models

Figure 10.

Model selectivity for films released from 1997 to 2004

Table 1 - Average residual revenue and fraction of movies by rating and season.

Table 2 - Residual revenue as a function of Metascore.