BET Networks Presents... REEL FACTS – Understanding AA Movie Consumers OVERVIEW STUDY BACKGROUND / METHODOLOGY Project Description Provide an in-depth understanding of African American movie goers and their consumption patterns versus general market movie goers. Areas probed include: Frequency of Movie Attendance Movie Going Experiences Movie Info Resources Genre Preferences Movie Decision Criteria Dollars Spent / Discretionary Buying Power Methodology Online panel questionnaire administered to 2,500 16-49 year olds in March-April 2011 among African Americans, Hispanics and Caucasians. Sample design ensured that respondent data was weighted to 2009 U.S. Census National Population estimates with key markers attached to age and gender. For all racial/ethnic groups, an over-sampling of those who saw a movie in a theater/multi-plex within the past three months was included to allow additional probes of frequent movie goer practices. A strategic, statistical technique (MAXDIFF/trade-off analysis) was employed to understand how movie goers weighed 15 crucial factors as part of their movie selection process. The MAXDIFF design/analysis explored aspects like movie theater/multi-plex location, word of mouth buzz, award nominations, preferred genres, IMAX screen or 3-D effect, opening weekend appeal among others. In the analysis, respondents are asked to identify important /least important factors in their movie decision-making. MAXDIFF elements are administered as a battery of 16 questions comparing four movie decisions respondents must make each time—this technique reduces respondent fatigue and insures an unbiased assessment of each individual factor in the design. BET vendors selected were Ipsos OTX for panel recruitment/ sample fielding and The Artemis Group for statistical analysis/weighting expertise. 2 Source: BET Networks’ REEL FACTS: A Movie Goer Consumption Study among Total Persons 16-49 (n=2,500) of African Americans, Hispanics and Caucasians weighted to 2009 US Census estimates, March –April 2011. Ethnicity Over-sampling quotas: AA (1250), Hispanics (625) and Caucasians (625). All data analyzed is statistically significant at the 95% confidence level. OVERVIEW MOVIE CONSUMERS’ SUMMARY: LIFE VALUES, BRAND AFFINITY & TECH INVOLVED Movie Goer Decision-Makers with Life Affirming Values Movie consumers enjoy the time they spend on entertainment activities. For them, movie going is an opportunity to express emotion, to relax and make connections with their friends and significant others. These consumers have life affirming values: 89% are dedicated to family 88% look to fulfill happiness 76% feel supportive of spouses/significant others 74% want successful and engaged kids 69% save their money to buy the items they want Heavy Spenders, Brand Loyal Platinum movie goers buy the products and services they want with their disposable incomes. They are fiercely brand loyal and are regular patrons of the movie theaters they frequent. 67% tell family and friends about the things they like and want 64% consider themselves highly selective ―best price advocates‖ 40% categorize themselves as avid ―brand conscious‖ shoppers Tech Savvy Movie Goers Are Media & Digitally Inclined Heavy usage of all types of media (TV, DVRs and digital activities which include music downloads, broadband videos, tagging, wikis, blogging, etc.) 67% own desktop/laptop computers 62% are heavy online users accessing 11+ hrs./weekly 64% are gaming/music video enthusiasts 37% are heavy TV/DVR viewers includes real time, time shifting usage for 11+ hours/per week Source: African Americans Revealed 2.0 Segmentation analysis linked to REEL FACTS: A Movie Goer Consumption Study of Platinum Movie Consumers weighted to US Census 2009 Estimates. 3 Phenomenal ―Word of Mouth‖ Ambassadors! 78% of all AA buzz often/always comes from movie recommendations to family and friends Extreme Movie Buffs African Americans have no problem making that trek to the movie theaters accounting for 195 Million total visits annually Blockbuster Buying Power An impressive $6.3 Billion dollars of Buying Power. Here are some important dollar breakdowns you need to know… • Family outings greatest impetus for movie going – 35% market share of all AA movie revenue generated from parents taking their kids/family outings to the movies • Movie Dates account for a 31% market share of AA movie revenues generated by couples • Battle of the Sexes Revisited– AA men account for 60% (or $3.8 Billion) of movie expenditures while AA women tip the scales at 40% (or $2.5 Billion) • Gen Y Rules -- More than 50% of all AA movie expenditures are generated by 20-34 year olds Everyone loves the movies no matter your socio-economic background Movies are a universal entertainment source. In spite of the economic recession, households earning less than $30,000 contribute a 23% share of all AA spending at the movies 4 AA MOVIE GOER WHO IS THE TYPICAL AA MOVIE CONSUMER? AA Movie Goers are Young, Highly Educated, Affluent & Employed Movies are a popular entertainment past time among African Americans. Your AA movie consumers are more likely to be… Younger – 39% of AA movie patrons are Millennials 16-24 Educated – 30% are college graduates plus having obtained a BA/BS or advanced degree Affluent – 35% have incomes in excess of $50,000 plus Work Force Strong – 52% are employed either full or part time 5 Median Age 28 Median Income $38,651 # of Children under 18 2 Women 48% Men 52% 16-24 39% 25-34 25% 35-49 36% Less than $30,000 36% $30,000 - $49,999 29% $50,000 - $74,999 17% $75,000 Plus 18% High School & Under 34% Some College 38% College Grads Plus 28% Married / Significant Other 33% Single 67% Employed Full Time 37% Employed Part Time 15% Source: BET Networks’ REEL FACTS: A Movie Goer Consumption Study of African Americans, Hispanics and Caucasians weighted to 2009 US Census estimates, March –April 2011. All data analyzed is statistically significant at the 95% confidence level. *AA Movie Goers (n=1107) are respondents who have attended a movie theater/multi-plex at least once in the last 12 months. AA MOVIE GOER VISIT FREQUENCY – AFRICAN AMERICANS HAVE HEAVY MOVIE ATTENDANCE AA movie consumers have an insatiable appetite for entertainment - annually, our foot traffic to movie theaters/multi-plexes across the US averages 13.4 visits versus the general population. In every life stage, African Americans exceed the frequency thresholds of general market movie goers. Frequency: # of Visits/Annually 16 13 13 13 11 11 10 9 AA Movie Goers General Market Movie Goers 6 Source: BET Networks’ REEL FACTS: A Movie Goer Consumption Study of African Americans, Hispanics and Caucasians weighted to 2009 US Census estimates, March –April 2011All data analyzed is statistically significant at the 95% confidence level. General Market Movie Goers = denotes both Caucasian and Hispanic REEL FACTS study respondents. AA MOVIE GOER MOVIE GOING PATTERNS – EXPERIENCES COME IN A VARIETY OF WAYS Attending movies alone or with children are the top two responses chosen by African Americans accounting for nearly 50% (or 100 million movie visits) of all movie attendance by this group. Movie Going Patterns: Index Comparison 171 160 107 91 99 109 119 113 99 98 97 88 AA Movie Goers General Market Movie Goers 7 Source: BET Networks’ REEL FACTS: A Movie Goer Consumption Study of African Americans, Hispanics and Caucasians weighted to 2009 US Census estimates, March –April 2011. All data analyzed is statistically significant at the 95% confidence level. General Market Movie Goers= denotes both Caucasian and Hispanic REEL FACTS study respondents. AA MOVIE GOER AFRICAN AMERICANS FLOCK TO MASS APPEAL GENERAL MARKET FILMS On average, 81% of the movies seen by African Americans in multi-plexes/movie theaters do not prominently feature an AA cast, storyline or lead Black star. Less than 19% (or 3 movies/per year) of the movies seen in the past year had an AA cast/storyline or lead Black star. Non AA Cast / Storyline / Lead Star AA Cast / Storyline / Lead Star 81% 19% Source: BET Networks’ REEL FACTS: A Movie Goer Consumption Study of African Americans, Hispanics and Caucasians weighted to 2009 US Census estimates, March –April 2011. All data analyzed is statistically significant at the 95% confidence level. 8 AA MOVIE GOER AFRICAN AMERICANS SHARE MOST RECENT FILMS SEEN IN 2010 – 2011* BET’s REEL FACTS’ respondents confirmed recent findings – only three (or 16%) of the Top films mentioned by AA movie goers in this study featured a predominantly Black cast/storyline/or lead actor. Traditionally, African Americans support films where their own images/likenesses are featured, but, REEL FACTS reveals that they are just as engaged with mass appeal General Market films as well. Our research shows that It’s about their interest in favorite genres first, followed by other criteria on their movie checklists: 9 Source: BET Networks’ REEL FACTS: A Movie Goer Consumption Study of African Americans respondents (n=1080) of the Top Films seen in 2010-2011 year to date*. All data analyzed is statistically significant at the 95% confidence level. Movies included on this list where Top Mentions by AA Movie Goers (only films mentioned 10+ times were included on this list.). AA MOVIE GOER CRUCIAL ―CHECK LIST‖ AA CONSUMERS USE TO PRIORITIZE MOVIE SELECTIONS African Americans 16-49 shared their ―Top Tier‖ and ―Secondary Tier‖ needs they assess as part of their movie selection and decision process, what follows are what AA movie goers consider most important / important criteria items: TOP TIER SECONDARY TIER • Preferred Movie Genre/ • Favorite Directors/Favorite Producers • Award Nominations • “Must See” Opening Weekend • Can’t Wait for DVD/Online Release • Predominantly Black Cast/ Favorite Movie Type • Favorite Star Featured • Large Screen/Surround Sound Experience • Word of Mouth Buzz • Family Friendly Movies 10 Storyline/Lead Black Actor • 3-D Special Effects • Must Be Seen on an IMAX Screen • In-Theater Dining Experience • Online Ticket Ordering Source: BET Networks’ REEL Facts: Movie Goer Consumption Study among Total Persons 16-49 (n=2,500) of African Americans, Hispanics and Caucasians weighted to 2009 Census estimates, March–April 2011. Top Tier/Secondary Tier Analysis Needs assessment is based on a Max Diff Trade-Off statistical technique where AA respondents are asked a series of questions based on most important/least important criteria utilized in their movie selection process. Statistical design gives equitable representation to all of the items provided to the respondent in the selection process of the administered survey. AA MOVIE GOER TV ADS #1 ENGAGEMENT VEHICLE TO REACH AFRICAN AMERICAN MOVIE CONSUMERS High engagement receptivity - for African Americans, TV is the most influential medium to capture movie goers’ attentions. When asked which info sources AA movie goers highly value, in every instance AA responses exceed those of General Market movie goers. Top 2 Box: % Highly Value 65 57 55 54 48 52 38 32 35 24 25 23 15 AA Movie Goers General Market Movie Goers TV Commercials 11 Movie Trailers Family/Friend Recommendations Movie Trailer Sites 15 22 19 14 Star Movie Studio Newspaper/ Facebook Promotion Sites Magazine Ads 11 Radio 15 9 Blogs 12 7 Twitter Source: BET Networks’ REEL FACTS: A Movie Goer Consumption Study of African Americans, Hispanics and Caucasians weighted to 2009 US Census estimates, March –April 2011. All data analyzed is statistically significant at the 95% confidence level. General Market Movie Goers= denotes both Caucasian and Hispanic REEL FACTS study respondents. AA MOVIE GOER AFRICAN AMERICANS NEVER TIRE OF THEIR FAVORITE MOVIES… Repeat Movie Goers 9% more likely to see the ―same‖ movie again at a multi-plex movie theater Multiple Repeat Movie Goers 62% of African Americans initiate ―repeat viewings‖ of a movie multiple times 122 109 100 12 100 Source: BET Networks’ REEL FACTS: A Movie Goer Consumption Study of African Americans, Hispanics and Caucasians weighted to 2009 US Census estimates, March –April 2011. All data analyzed is statistically significant at the 95% confidence level. General Market Movie Goers= denotes both Caucasian and Hispanic REEL FACTS study respondents. AA MOVIE GOER AA MOVIE CONSUMERS PACK BOX OFFICE POWER Annually, African Americans contribute $6.3 Billion dollars of their discretionary spending to movie studio coffers. Repeat Viewings $513 Million Alone $550 Million With a Date/Spouse/Significant Other As a Family Outing $1.2 Billion As a Birthday Party or Group Activity $526 Million 13 $6.3 Billion With a Date/Spouse/ Significant Other $1.9 Billion With Friends $1.1 Billion With Children $1.1 Billion Source: BET Networks’ REEL FACTS: A Movie Goer Consumption Study of African Americans, Hispanics and Caucasians weighted to 2009 US Census estimates, March –April 2011. All data analyzed is statistically significant at the 95% confidence level. AA Movie Goer Buying Power= denotes the discretionary spending calculation that consists of the avg. AA respondent dollars spent / per visit multiplied by the number of times respondents attend movies /per year sized to the AA 16-49 population. 3 Distinct Levels of Movie Goers Movie studio coffers are filling up with African American dollars: • Standard consumers attend the movies once every three months (equivalent to1-4 times/annually) • Gold consumers go to the movies 5-12 movie visits/yearly going more than once every three months • Platinum consumers are avid movie goers; attending movies more than 1+ times/monthly (on average, Platinum movie patrons go to the movies more than 2 times/monthly which is equivalent to 28 times during the course of a year) Platinum Movie Goers are Valuable! • 51% of Platinum consumers have children at home • 84% of Platinum consumers create worthy movie buzz sharing their opinions about movies they’ve seen with friends and family • Repeat visitors galore 74% of Platinum movie goers are more likely to see the ―same‖ movie again at theater/multi-plex • 81% of Platinum movie goers are multiple ―Repeat Movie Goers‖ Platinums have explosive buying power This groups spends roughly $5.0 Billion dollars at the box office. Important facts you need to know… Family Outings/Kids going to the movies account for a 36% market share; while, movie dating contributes 30% of all movie revenues generated Movie Genres Galore – Top 5 Movie Genres Gross among Platinums Comedies ($3.6B); Action/Adventure ($2.8B); Animation/Anime ($1.2B); Sci-Fi/Fantasy/Horror ($1.2B); Drama ($1.1B) and Mysteries/Suspense ($1.1B) 14 PLATINUM REEL FACTS – UNDERSTANDING MOVIE GOER THREE DISTINCT MOVIE GOER TYPES AA movie goers have an unquenchable thirst for going to the movies — in REEL FACTS, BET Networks uncovers three distinct levels of avid movie patrons: Definition: attends movies once per quarter; equivalent to 1-4 times/yearly ———————————————— 29% of AA movie goers are considered Standard patrons Definition: attends movies more than once per quarter; equivalent to 5-12 times/yearly ———————————————— ———————————————— 36% of AA movie goers are Gold Patrons 11.1 Million movie visits ———————————————— ———————————————— 42 Million movie visits $290 Million ———————————————— $1.2 Billion 15 Definition: attends movies 1+ times monthly: at least 13 times/yearly. On average, Platinum consumers attend movies at a minimum 28 times/yearly ———————————————— 35% of AA movie goers are Platinum patrons ———————————————— 142 Million movie visits ———————————————— $4.9 Billion Source: BET Networks’ REEL FACTS: A Movie Goer Consumption Study of African Americans, Hispanics and Caucasians weighted to 2009 US Census estimates, March –April 2011. All data analyzed is statistically significant at the 95% confidence level. Standard Movie Consumers (n=231); Gold Movie Consumers (n=441); Platinum Movie Consumers (n=430). PLATINUM AA MOVIE CONSUMERS REVEAL MOVIE GOER PREFERRED MOVIE GENRES AA Platinum movie goers favorite genres exceed General Market Platinum movie goers in six key movie categories while delivering comparable results among the Comedy and Sci-Fi/Fantasy/ Horror movie categories: % Preferred Movie Genres 75 67 63 55 35 34 28 30 23 22 17 16 AA Movie Goers General Market Movie Goers Action Adventure 16 Commedy Drama Romance 26 Sci-Fi/Fantasy/ Horror Animation/ Anime 24 16 14 Children/Teen/ Family Fare Mysteries/ Suspense Source: BET Networks’ REEL FACTS: A Movie Goer Consumption Study of African Americans, Hispanics and Caucasians weighted to 2009 US Census estimates, March –April 2011. All data analyzed is statistically significant at the 95% confidence level. AA Platinum Movie Goers (n=430). And General Market Movie Goers (n=384). *AA Platinum Movie Goers (n=430) are respondents who have attended a movie theater/multi-plex on average 28 times at a minimum during the past year. PLATINUM AA PLATINUM MOVIE GOERS HAVE A LOVE AFFAIR MOVIE GOER WITH THEIR FAVORITE GENRES Courting AA movie goers’ top tier prospects— these Platinum consumers (5.1 Million) are a great ―hyper target‖ opportunity for advertisers. Their profiles reveal a lot about them and the genres they’re most interested in: SCI-FI/ COMEDY ACTION ADVENTURE DRAMA FANTASY/HORROR 3.4 Million 16-49 Yr. Olds 67% of AA Platinum Movie Goers Median Age Median Income 17 23 $46,224 3.2 Million 16-49 Yr. Olds 63% of AA Platinum Movie Goers Median Age Median Income 27 $47,377 1.7 Million 16-49 Yr. Olds 34% of AA Platinum Movie Goers Median Age Median Income 27 $44,989 1.5 Million 16-49 Yr. Olds 30% of AA Platinum Movie Goers Median Age Median Income 27 $44,251 # of Children Under 18 1.0 # of Children Under 18 1.0 # of Children Under 18 2.0 # of Children Under 18 1.0 Women 45% Women 38% Women 51% Women 37% Men 55% Men 62% Men 49% Men 63% 16-24 55% 16-24 44% 16-24 45% 16-24 41% 25-34 23% 25-34 25% 25-34 24% 25-34 24% 35-49 22% 35-49 31% 35-49 31% 35-49 35% Less than $30,000 31% Less than $30,000 23% Less than $30,000 27% Less than $30,000 29% $30,000 - $49,999 25% $30,000 - $49,999 32% $30,000 - $49,999 32% $30,000 - $49,999 35% $50,000 - $74,999 22% $50,000 - $74,999 22% $50,000 - $74,999 15% $50,000 - $74,999 17% $75,000 plus 22% $75,000 plus 23% $75,000 plus 26% $75,000 plus 19% High School /Tech & Trade/Middle School 30% High School /Tech & Trade/Middle School 28% High School /Tech & Trade/Middle School 32% High School /Tech & Trade/Middle School 37% Some College 40% Some College 39% Some College 34% Some College 35% College Grads Plus 30% College Grads Plus 33% College Grads Plus 34% College Grads Plus 28% Married / Significant Other 31% Married / Significant Other 35% Married / Significant Other 37% Married / Significant Other 35% Single 69% Single 65% Single 63% Single 65% Employed Full Time 45% Employed Full Time 48% Employed Full Time 44% Employed Full Time 36% Employed Part Time 11% Employed Part Time 13% Employed Part Time 15% Employed Part Time 18% Student 28% Student 22% Student 23% Student 21% Source: BET Networks’ REEL FACTS: A Movie Goer Consumption Study of African Americans, Hispanics and Caucasians weighted to 2009 US Census estimates, March –April 2011. All data analyzed is statistically significant at the 95% confidence level. *AA Platinum Movie Goers (n=430) are respondents who have attended a movie theater/multi-plex on average 28 times at a minimum during the past year. PLATINUM AA PLATINUM MOVIE GOERS HAVE A LOVE AFFAIR MOVIE GOER WITH THEIR FAVORITE GENRES This is the ideal way to reach engaged movie consumers in a welcoming environment – they are more apt to respond to integrated ad messages because of their connections to these genres: MYSTERIES/ SUSPENSE ROMANCE ANIMATION/ANIME CHILDREN/TEEN/ FAMILY FARE 1.3 Million 16-49 Yr. Olds 26% of AA Platinum Movie Goers 1.2Million 16-49 Yr. Olds 23% of AA Platinum Movie Goers 838,000 16-49 Yr. Olds 17% of AA Platinum Movie Goers 806,000 16-49 Yr. Olds 16% of AA Platinum Movie Goers Median Age Median Income 18 28 $48,412 Median Age Median Income 22 $42,320 Median Age Median Income 24 $38,312 Median Age Median Income 27 $47,446 # of Children Under 18 1.0 # of Children Under 18 2.0 # of Children Under 18 1.0 # of Children Under 18 2.0 Women 53% Women 55% Women 38% Women 61% Men 47% Men 45% Men 62% Men 39% 16-24 44% 16-24 57% 16-24 47% 16-24 46% 25-34 24% 25-34 23% 25-34 22% 25-34 24% 35-49 32% 35-49 20% 35-49 31% 35-49 30% Less than $30,000 25% Less than $30,000 30% Less than $30,000 33% Less than $30,000 23% $30,000 - $49,999 27% $30,000 - $49,999 32% $30,000 - $49,999 38% $30,000 - $49,999 31% $50,000 - $74,999 21% $50,000 - $74,999 14% $50,000 - $74,999 13% $50,000 - $74,999 10% $75,000 plus 27% $75,000 plus 24% $75,000 plus 16% $75,000 plus 36% High School /Tech & Trade/Middle School 20% High School /Tech & Trade/Middle School 33% High School /Tech & Trade/Middle School 49% High School /Tech & Trade/Middle School 32% Some College 37% Some College 30% Some College 34% Some College 35% College Grads Plus 43% College Grads Plus 30% College Grads Plus 17% College Grads Plus 33% Married / Significant Other 42% Married / Significant Other 38% Married / Significant Other 31% Married / Significant Other 43% Single 58% Single 62% Single 69% Single 57% Employed Full Time 50% Employed Full Time 38% Employed Full Time 33% Employed Full Time 43% Employed Part Time 17% Employed Part Time 13% Employed Part Time 24% Employed Part Time 21% Student 15% Student 32% Student 28% Student 26% Source: BET Networks’ REEL FACTS: A Movie Goer Consumption Study of African Americans, Hispanics and Caucasians weighted to 2009 US Census estimates, March –April 2011. All data analyzed is statistically significant at the 95% confidence level. *AA Platinum Movie Goers (n=430) are respondents who have attended a movie theater/multi-plex on average 28 times at a minimum during the past year. PLATINUM AA PLATINUM MOVIE CONSUMERS ARE MOVIE GOER CRITICAL FOR STUDIOS TO EMBRACE Their discretionary spending speaks volumes about the movie genres they love – AA Platinum movie goers’ provide their own box office stimulus package to the movie studios /distributors: Repeat Viewings $302 Million Children/Teen Family Fare $835 Million Animation/ Anime $1.2 Billion Sci-Fi/Fantasy Horror $1.2 Billion 19 Action Adventure $2.8 Billion Romance $1.6 Billion Comedy $3.6 Billion Drama $1.1 Billion Mystery/Suspense $1.1 Billion Source: BET Networks’ REEL FACTS: A Movie Goer Consumption Study of African Americans, Hispanics and Caucasians weighted to 2009 US Census estimates, March –April 2011. All data analyzed is statistically significant at the 95% confidence level. AA Platinum Movie Goer Genre Buying Power= denotes the discretionary spending calculation consists of the avg. AA Platinum movie patrons dollars spent/per visit multiplied by the number of times respondents attend movies/ per year based on the favorite genres selected sized to represent the AA 16-49 population.