Today, the trouble is that the more things change, the more they stay in the same horizons. Now, filmmaking in India is a multimillion-dollar industry employing over 6 million workers and reaching millions of people worldwide. In 2008 industry was valued at 107.1 billion rupees.
With such a fortune and the employment of so many people at stake every Friday, it will be of immense interest to producers to know the probability of success or failure of a movie. Nevertheless, producers and distributors of new movies need to forecast box-office results in an attempt to reduce the uncertainty in the motion picture.
An attempt is made to predict the past as well as the future of a movie for the purpose of business certainty or simply a theoretical condition in which decision making [the success of the movie] is without risk because the decision maker [movie makers and stake holders] has all the information about the exact outcome of the decision before he or she makes the decision [release of the movie
One needs to know then the minimum sum of money he/she can accept to forgo the opportunity to participate in an event [make/distribute etc. movie] for which the outcome [success or failure of the movie], and therefore his or her receipt of a reward, is uncertain [the success of the movie.
For developing a model that can help to predict whether the movie flop, we propose that we need to create the historical data set relating to parameters that influence movie success and develop an algorithm to assign weights and develop a mathematical model to automate and predict movie success and finally evaluate the performance of the algorithm to know how good or bad our movie prediction system is.
- It is user-friendly.
- This application helps to find out the review of the new movie.
- Users can easily decide whether to book tickets in advance or not.
- Prediction of marketing budget.