Glossary

1Box Office
Box office in the context of the film industry is the amount received by exhibitors from the theatrical audience vs rentals which is the amount paid by the exhibitor to the film’s distributor. The box office projection and analysis of these earnings is very important for the creative industries and often a source of interest for fans. This is predominant in the Hollywood movie industry. For movies released in North America, box office figures are usually divided between domestic, meaning U.S. and Canada, and foreign which includes all other international territories. Weekly box office figures are taken to be from Friday through Thursday to allow for the fact that most movies are released on a Friday. A large component of this is the weekend box office, defined as the box office receipts from Friday through Sunday. In particular, the weekend box office for the initial week of release, or opening weekend is often widely reported. However, additional revenue streams (such as home video and television) are rarely reported by major studios.
2Major Studio
A major film studio is a production and distribution company that releases a substantial number of films annually and consistently commands a significant share of box office revenues in a given market. In the North American and international markets, the major film studios, often simply known as the majors, are commonly regarded as the seven diversified media conglomerates whose various movie production and distribution subsidiaries command approximately 90 percent of the U.S. and Canadian box office.

The seven majors (and their publicly traded parent conglomerate/ticker codes):
Warner Bros. Pictures (Time Warner, NYSE:TWX)
The Walt Disney Pictures (Disney, NYSE:DIS)
Universal Pictures (Comcast, NASDAQ:CMCSA)
Columbia Pictures (Sony, NYSE:SNE)
20th Century Fox (20th Century Fox, NASDAQ:FOX & NASDAQ:FOXA)
Lionsgate Films (Lionsgate Entertainment Corp., NYSE:LGF)
Paramount Pictures (Viacom, NASDAQ:VIAB)
3Mini Major
Mini-major Studios (or “mini-major”) are the larger film production companies that are smaller than the major studios that attempt to compete directly with them.

The current mini-majors (and their publicly traded parent companies/ticker codes):

The Weinstein Company (Privately Held)
Open Road Films (Privately Held by AMC Theatres (NYSE:AMC) and Regal Entertainment Group (NYSE:RGC))
CBS Films (CBS Corp., NYSE:CBS)
DreamWorks (Privately Held (50%) by Reliance Entertainment)
DreamWorks Animation (DreamWorks Animation SKG, NASDAQ:DWA)
Gaumont Film Company (Gaumont, Euronext:GAM)
Metro-Goldwyn-Mayer Studios (MGM Holdings, Grey Market:MGMB)
4Completion Bond
Sometimes referred to as completion guarantee, is a form of insurance offered by a completion guarantee company and is often used in independently financed films to guarantee that the producer will complete and deliver the film.
5Content binging
Refers to the consumption of entertainment content in chunks.
6Film Fund
A slate film-financing model organized to finance, produce and distribute major motion pictures over a number of years, based on a portfolio approach to film investing, reducing risk given the portfolio covers a number of films, usually with guaranteed distribution.
7Film Financing
Is an aspect of film production that occurs during the development stage prior to pre-production, and is concerned with raising the necessary funds to finance production of a motion picture.
8Film development
The first stage in which the ideas, story concept and concept art for the film are created and the screenplay is written. This stage also includes, among others, marketing plans, preliminary location scouting, and preliminary casting. The development stage also includes green-lighting and financing the project.
9Film pre-production
The director is recruited. Preparations are made for the shoot, in which cast and film crew are hired, locations are selected, design and costumes made and sets are built.
10Film production
The raw elements for the film are recorded during the film shoot.
11Film post-production
The images, sound, and visual effects of the recorded film are edited, scoring of music and sound mixing are done, including the completion of all format deliverables.
12Green-light
In the context of the film and television industries, to green-light something is to formally approve its production finance, and to commit to this financing, thereby allowing the project to move forward from the development phase to pre-production and principal photography. The power to green-light a project is generally reserved to those in a project or financial management role within an organization.
13Government grants
Government programs to subsidize the cost of producing films.
14Wide release
A term in the American motion picture industry for a motion picture that is playing nationally (as opposed to a few cinemas in cities such as New York and Los Angeles). Specifically, a movie is considered to be in wide release when it is on 600 theaters or more in the United States and Canada.