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Why Hollywood Is Betting Big on ‘Wicked’

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November 25, 2024

TLDR: The movie musical 'Wicked' brought in a record-breaking $114 million during its opening weekend, thanks to an extensive marketing campaign by Universal and Comcast. This is part of a new trend in Hollywood.

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In the latest episode of The Journal, WSJ reporter Erich Schwartzel dissects the phenomenal success and massive marketing campaign surrounding the blockbuster movie musical Wicked, which raked in $114 million during its opening weekend. This extensive discussion reveals the new Hollywood playbook along with insights into how Universal Pictures is leveraging the film to create not just a movie but a cultural phenomenon.

The Unprecedented Marketing Blitz

Over the past year, the promotion for Wicked has been nothing short of aggressive:

  • Super Bowl appearances by the stars.
  • Prominent references and performances during the Summer Olympics.
  • Features on popular shows like The Today Show, showcasing interviews with the cast.
  • Merchandise ranging from Target clothing lines to promotional products available at Starbucks and even nail polish.

The marketing approach seems to be a calculated strategy to manufacture virality. As Schwartzel put it, it reflects a corporate machine striving for cultural saturation.

The Story Behind Wicked

Wicked wasn't always a guaranteed success. Initially opening on Broadway in 2003, this stage adaptation of Gregory Maguire’s novel—a retelling of The Wizard of Oz—faced skepticism. Despite its $14 million budget, the show had to prove its worth in a competitive environment:

  • The musical's special effects and memorable songs helped elevate its status.
  • Over 65 million people have watched it, contributing to $5 billion in ticket revenue over the years.

The unique plot reverses the classic narrative, portraying the Wicked Witch not as a villain but a complex character exploring themes of friendship and acceptance.

Why Wait to Make a Movie?

Despite the musical's success, there was hesitation to create a movie adaptation. Concerns included:

  • Cannibalizing ongoing Broadway ticket sales.
  • Risks of crafting a poor film that could alienate passionate fans.

Universal Pictures ultimately decided to invest time in selecting the right cast and ensuring the film met the expectations of its dedicated fanbase. After years of development, pop star Ariana Grande and Broadway talent Cynthia Erivo were chosen for the leading roles, generating considerable excitement prior to the film's release.

An All-Out Cultural Campaign

Universal's marketing campaign mirrors the strategies seen in recent hits like Barbie. Schwartzel highlights that modern viewers have less time for movies, making a saturated approach essential:

  • Wicked adapted its marketing to resonate across various platforms and events, from SNL to Thanksgiving Day Parades.
  • Partnerships have rolled out with numerous brands like Lexus, Build A Bear, and Ulta, broadening its reach above conventional advertising.

The aim? To ensure fans not only attend the film but engage friends and family, creating a community event around the release.

Potential Risks and Future Implications

While the marketing strategy for Wicked seems successful, it comes with potential risks:

  • Oversaturation could lead to backlash or viewer fatigue.
  • Navigating public sentiment is crucial; a miscalculation in audience engagement could backfire.

The podcast suggests that the outcome of Wicked may reveal broader truths about Hollywood’s future. If successful, it might solidify the repetitive cycle of musical adaptations, but failure could indicate a shift in audience preferences.

Conclusion

In conclusion, the discussion on Wicked serves as a microcosm of Hollywood's urgent need to adapt to changing viewing habits and crowd dynamics. With its blockbuster performance and unprecedented marketing efforts, Wicked stands at a crossroads of entertainment, demanding a cultural response that extends beyond a typical film release.

As audiences await Wicked Part 2, this episode not just entertains but challenges listeners to consider the evolving landscape of film, theater, and viewer engagement.

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