Why I Don't Like the 'Adjusted for Inflation' Box-Office Argument
It's not as black-and-white as it leads you to believe
Photo: Warner Bros.
On Friday I posted the Friday box-office estimates and inside of it I said how Gran Torino will become Clint Eastwood's highest grossing film of all-time, ahead of In the Line of Fire. Of course, the very first comment that comes in comes from Allan saying, "Adjusting for inflation, Every Which Way but Loose will remain number one."
Now, to be fair, Allan was not the only one presenting this little inflation case to me with regards to Eastwood. In his Box-Office Wrap-Up our very own Laremy Legel said, "As Brad has already noted, [Gran Torino] is on the way to being the biggest Eastwood flick of all time. However, I maintain 1978's Every Which Way but Loose is still way up adjusted for inflation."
In 1978 Every Which Way but Loose earned $85.1 million and according to Box-Office Mojo's inflation charts the average ticket price was $2.34 compared to the average price they have for 2008/2009 which is $7.20. Gran Torino currently sits at $97.5 million and only has $5 million to go to pass In the Line of Fire, but sure, if we went simply based on this little inflation rate then we could say Every Which Way but Loose has a case for being the top Eastwood film, but in doing so we would be forgetting about so many factors, primarily the entire history of film.
I look at the "adjusted for inflation" rule to be something akin to "1 + 1 = 2", but it isn't that black and white when it comes to films and their history. A real equation to come up with an accurate determination of which film is "technically" the box-office champion I would want it spelled out something like, "If you take the number divide it by five, add two, multiply by 30, get the square root and then put that to the power of ten." That would be a good start.
So often the largest case with box-office numbers involves Gone with the Wind since so many snobs hate the fact Titanic is the #1 box-office champion of all-time with its $600+ million. Including a couple of re-releases, Gone with the Wind must settle for #90 on the all-time domestic chart with $198.6 million. The adjusted for inflation rule tells us to take a look at ticket prices back in 1939, prices that say it cost only $0.23 to go see a movie compared to the $4.59 it cost to see a movie in 1997. As a result Box-Office Mojo adjusts those Gone with the Wind numbers for inflation and voila, the 1939 classic has now made $1,454,721,307. Not too bad, but let's look at this a little closer.
In 1939 going to the movies was considered an event. Gone with the Wind premiered in Atlanta, GA on December 15 as the climax of three days of festivities hosted by the mayor which consisted of a parade of limousines featuring stars from the film, receptions, thousands of Confederate flags, false antebellum fronts on stores and homes, and a costume ball. The governor of Georgia declared December 15 a state holiday. President Jimmy Carter would later recall it as "the biggest event to happen in the South in my lifetime." (source). If you thought Juno's staggered release in 2007 was effective, take into consideration it wasn't until January 17, 1941 that Gone with the Wind actually saw a wide release. Just looking at the number of release dates for the film at IMDb is blinding.
Photo: Warner Bros.
Next consider the fact that if you didn't see Gone with the Wind in theaters in the 1940s when it came to your town you were apt to believe you may never see it. Unlike today, when a film hits theaters on January 23 and you know you are days away from getting the DVD/Blu-ray/On Demand release date, there were no DVDs or home video sources. It wasn't until 1976 that VHS was introduced to the United States and all the way up until 1998 you couldn't even buy Gone with the Wind for an "affordable price" on VHS and that was the same day it debuted on DVD for the first time.
Before moving on let's take a quick look at a couple of comparison charts below:
Gone with the Wind (1939)
1939 – $189,523,031 (824,013,178 tickets)
1989 – $2,403,316 (605,369 tickets)
1998 – $6,750,112 (1,439,256 tickets)
TOTAL: 826,057,803 tickets
Titanic (1997) [41 Weeks]
1997 – $600,788,188 (130,890,672 tickets)
This is how Box-Office Mojo details these two releases and based on their inflation rates I have determined an approximate number of tickets sold. I was unable to find out how long Gone with the Wind ran in theaters back in the 40s, but I do know Titanic had a 41 week theatrical run and in that time finished at the top of the box-office 15 weekends in a row. This was a time when VHS was quite popular and DVD was coming into its own. When Gone with the Wind was released on VHS and DVD on October 27, 1998 Titanic had just finished its theatrical run the month prior and Gone with the Wind had had a successful re-release on the heels of being named to the AFI Top 100 at number four and has since fallen only two spots to number six.
Titanic would have its own DVD/VHS release just under a year after it left theaters whereas it took almost 60 years for Gone with the Wind to be available at an affordable price. Remember, when VHS first came out they were not cheap by any stretch and as you can read on this old press release offered by the Digital Bits, the 1998 $20 release was considered quite a big deal. Even the press release admits the film wasn't affordable prior to this release.
How do you compare and quantify 60 years versus only one? Is it simply a matter of saying it cost less back then and therefore inflation is all that matters? Or should we take into consideration films such as The Dark Knight were available on DVD, Blu-ray, On Demand, PlayStation store, iTunes and who knows what other formats when the film was still showing in 205 theaters?
Should we take into consideration people know a film will be available to own shortly after its theatrical run and they may not go see it just for that reason? How about Internet piracy? Sure, it doesn't exactly take away a large amount of the box-office dollars, but we have to admit it doesn't necessarily help. On top of all this television was hardly a household item. "In 1945 there were fewer than 7,000 working TV sets and only nine stations on the air in New York, Chicago, Los Angeles, Philadelphia and Schenectady, NY." (source) What else were you going to do but go see Gone with the Wind when it came to moving picture entertainment?
I'm not saying Gone with the Wind wouldn't probably beat any film ever at the box-office, because it probably would if it were released in any given year, but let's remember what movie we are talking about here and on top of the DVD, VHS, etc. kind of considerations let's go back to the idea of what a movie once was.
Photo: Paramount Pictures
In 1953 Roman Holiday was released, a romantic-comedy starring Audrey Hepburn as a princess and Gregory Peck as an average Joe. Hepburn is a five-time Oscar nominee with one Best Actress Oscar to her credit. Gregory Peck is also a five-time Oscar nominee and he too has one Oscar win to his credit. 51 years later we have a film starring Mandy Moore and Matthew Goode called Chasing Liberty, a similar little class based rom-com… Of course the difference being Chasing Liberty wasn't nominated for any Oscars and instead of 12-time Oscar nominee William Wyler directing you have a guy who hasn't had a single major feature film release since. Oh, and Moore isn't Hepburn and Goode is nowhere near Peck. It was a different age of film and one where silly little rom-coms were treated as real films and not quick grabs at money. The A-list stars found their way into films such as Bringing Up Baby and Arsenic and Old Lace (see these two movies!). Who does that today? Maybe George Clooney?
Hell, in the early '60s there was a traveling road show for How the West Was Won in which a tent was driven from city-to-city to show the film in Cinemascope and people would get dressed up and drive out to massive fields to see it. When was the last time that happened? When was the last time a film was released with an Overture, Intermission and an Entr'acte on a massive level for that matter (no, Che doesn't qualify)? Even Fox decided not to release the much better director's cut of Ridley Scott's Kingdom of Heaven because of its length. Harry Potter and the Deathly Hallows will be broken up into two films for monetary reasons, when I think we all know how much fun it would be to even see the final installment of a film franchise as childish as Potter with an Intermission as part of one big feature. Potter night at the movies! I'm there… in theory only of course.
Movies aren't as much of an event anymore as much as they are a simple diversion. It's not, "WE'RE GOING TO THE MOVIES!" as much as it is, "idk… might go see movie…wryd?" sent from your BlackBerry. Movies are a dime a dozen now and instead of the latest Howard Hawks screwball comedy starring Cary Grant and Katharine Hepburn we get Paul Blart: Mall Cop winning two weekends in a row.
As for that Clint Eastwood argument, here's a quick glimpse:
Every Which Way but Loose (1978)
1978 – $85,196,485 (36,408,754 tickets)
Gran Torino (2008)
2008/2009 – $97,576,000 (13,552,222 tickets)
Based on Box-Office Mojo numbers it looks like Torino will be lucky to sell half the tickets Every Which Way but Loose sold, but how many times will it be watched On Demand, rented on DVD, bought on DVD, Blu-ray and iTunes or traded online via torrent files (which were actually online before the film even hit limited release)? I imagine by mid-July Gran Torino will be available on DVD and Blu-ray while Every Which Way but Loose will need to simply be content with its 2002 DVD release.
Photo: Walt Disney
But where does the Every Which Way but Loose argument fit in with the Gone with the Wind discussion when it comes to inflation? Looking at those ticket sales for Gone with the Wind, sure, call it the ticket champ of all-time; 826,057,803 tickets is impossible to compete with and an amazing feat. However, we are talking about the grand of the grand. Just look at the top ten films in Box-Office Mojo's Adjusted for Inflation list. Star Wars, The Sound of Music, E.T., The Ten Commandments, Jaws, Doctor Zhivago, The Exorcist and Snow White; we are talking about genre defining films here. These films were released and people hadn’t seen anything like them.
There comes a time, though, when that list just becomes nothing more than just another list and I don't think it is as black-and-white as, "Well, adjusted for inflation Movie X has made more than Movie Y." The history of cinema has gone through so many changes and they have all affected how we watch movies and have made it impossible to simply say adjusting for inflation gives you an accurate comparison.
Another comment mentioned on my Clint Eastwood article that got me thinking about this comes from a poster named Helgi. She goes on to say:
Hi everybody. I just wish that when reporters talk about box-office they would talk about actual numbers, adjusted for inflation, just like Allan points out. It's plain silly to compare movies any other way. The No 1 all-time movie (Gone With the Wind) was made in 1939. Then the ticket cost about 10 cents. Now it's close to 10 dollars. The No 1 movie in 2008 (Dark Night) makes it at no 30 on the all times list, the real one. It's about as popular as Bambi was, and doesn't even reach the heights of The Godfather (1972), let alone movies like Jaws and Star Wars, which made about the double amount of money as Dark Night did this year. All other talk is silly and nothing but hyperbole for the living moment, but that just doesn't give the right picture.
As far as her comments go I am talking about "actual numbers" considering adjusted numbers are not actual. However, I can't do anymore than offer this article as a commentary on my thoughts on the inflation rule because to ask someone to do it every single time they talk about the box-office is just as silly as it is to never mention it at all. So here I am, mentioning it and giving you my opinion on what I think it all means. I know about it, but when it comes to the numbers they are what they are, place an asterisk next to them if you like for your own awareness but things change and records are made to be broken it's up to us to decide just how aware of all the factors we choose to be. Perhaps people do actually think Every Which Way but Loose would make $262,143,028 if it was released right about now, but that's when the conversation of timeliness comes into play as once again another wrinkle in the argument comes to the fold.
Of course, I come to this conclusion with only a limited knowledge of film history as I strive to learn more. Perhaps one day I will be able to bring a richer argument to the table. For now this is what I can offer. However, the one thing I am sure is that the history of film is a complex one while "adjusted for inflation vs. actual" is an argument that really has nothing left to add.










