With the audience slowly returning to movie theatres post the COVID-19 pandemic, media consulting firm Ormax Media has announced the relaunch and expansion of its film campaign tracking and box office forecasting tool Ormax Cinematix (OCX). OCX was launched in 2010 for the Hindi film industry, and expanded to cover the Hollywood sector in India in 2014. In its new avatar, OCX will track theatrical films in nine language, namely Hindi, English, Tamil, Telugu, Malayalam, Kannada, Marathi, Punjabi and Bengali.
OCX
uses consumer research across India to measure the performance of upcoming film
releases on three parameters: Buzz, Reach & Appeal. A statistical model
uses these parameters to estimate the First-Day Box Office (FBO), a forecast of
the opening day collections of all the films being tracked by the tool. Over
the last few years, FBO has established itself as a highly credible currency in
the film industry, with 83%
accuracy since 2018.
With
the expansion to regional languages, Ormax Media has reiterated its focus on
regional content. Earlier this year, the company had extended its television
character popularity tracking tool Ormax Characters India Loves to Tamil,
Telugu, Marathi and Bengali GEC categories.
Speaking
about the new version of OCX, Shailesh Kapoor, Founder & CEO - Ormax Media,
said: “Ormax Cinematix has been an industry benchmark for the Hindi film
industry for more than a decade, and is used by studios to take key business
decisions related to marketing, distribution and acquisition of films. With an
expansion into nine languages, the tool will now be available for producers
across India. This expansion reiterates our commitment towards increasing our
focus on language markets in India in 2021”.
OCX
has been the film industry’s go-to tool for first-day box office forecasts over
the last decade. At the time the tool hit the pause button in March 2020 when theatres were closed due to the lockdown,
more than 30 studios and producers
were subscribers of the tool, including Yash Raj Films, Dharma Productions,
Disney, Viacom 18, Sony Pictures,
T-Series, Zee Studios, Balaji Telefilms and Excel Entertainment, among others.
Speaking
about the expansion of the tool, Gautam Jain, Partner - Ormax Media, said:
“Pan-India films, which cut across languages, are an emerging trend. This year
itself will see several films that will travel across languages, such as KGF
Chapter 2, Radhe Shyam and RRR.
Ormax Cinematix needed a multi-language expansion to keep up with this trend.
With nine languages being covered now, we are confident that our first-day box
office (FBO) forecast numbers will be as looked forwarded to by producers,
directors and actors in the regional markets, as they have been by those in
Bollywood”.
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