Hit movie study

Is there a formula for a hit movie?

What separated each year's top 40 at the US box office from every other film released that year: the story, the package, the money and the people.

6,707 films · 1,492 top-40 hits · 40 years

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Every widely noticed US release, one row each

Did a film make its year's top 40 at the US box office? Each year about 37 films in the list did and about 130 didn't, so every hit is compared with its own year. The hit rate, 22.2%, is almost the same as the song study's 23.1%.

6,707US-released films, 1980–2019 (about 200 of each year's most-voted on IMDb)
1,492made the year's top 40 US grosses (Box Office Mojo)
110/120synopses correct when checked against Wikipedia (none wrong)

The story (47)

Genres, sequel or remake, source, audience, tone, setting, spectacle, lead, ending, romance, running time, rating. Coded for every film from general knowledge, blind to box office.

The package (7)

Budget, major studio, summer / holiday / off-season release, US production.

The people (4)

The lead star's and director's previous top-40 hits and non-hits, counted before release.

Money and machinery first, then a big, happy story

Logistic regression with a fixed effect for each year and standard errors clustered by lead star. Only features that survive Benjamini–Hochberg correction are listed. "Budget not published" is partly a consequence of success, because hits get their budgets reported, so read it as a caveat, not a lever.

Odds ratios for significant features
Odds ratios with 95% intervals, log scale. Blue raises the odds, orange lowers them.
FeatureOdds ratio95% CIUnit
Budget (log)2.472.01–3.04per SD
Sequel / spin-off2.301.82–2.89yes vs no
US production2.041.60–2.59yes vs no
Major studio2.021.73–2.35yes vs no
Genre: animation1.991.30–3.04yes vs no
Summer release (May–Jul)1.841.52–2.24yes vs no
Genre: family1.711.14–2.56yes vs no
Running time1.691.52–1.88per SD
Happy ending1.671.35–2.07yes vs no
Spectacle: high1.661.28–2.16yes vs no
Star's prior hits1.171.09–1.26per SD
Genre: sci-fi0.680.51–0.89yes vs no
Audience: adult0.630.48–0.83yes vs no
Setting: period0.600.47–0.77yes vs no
Budget not published0.240.18–0.31yes vs no
Unrated0.120.04–0.40yes vs no

Picks the bigger hit six times in seven

Every film was scored by a model trained on the other 39 years. Within a year, the full model ranks a real hit above a non-hit 86% of the time. The song model managed 65%. The IMDb rating is hindsight, because audiences rate films after seeing them, so it's reported separately.

AUC by feature set
Out-of-sample AUC within year. 0.5 is a coin flip.
FeaturesLogisticBoosted trees
Story only0.803
Package only0.845
People only0.704
Story + package0.862
Story + package + people0.8620.854
All + IMDb rating (hindsight)0.8860.882

Is it just the money?

Budget does most of the work, but the story stands up on its own. Among films with a published budget, budget alone scores 0.80 and the story alone 0.79; together, 0.84. Dropping the leaky "budget not published" flag leaves 0.85. Among studio-scale films only, the full model scores 0.80.

CheckFilmsWithin-year AUC
Content: factual codes only (genre, sequel/remake, source, rating, runtime)6,7070.776
Content: judgement codes only (audience, tone, setting, spectacle, lead, ending, romance)6,7070.747
Studio-scale films only (major studio, or published budget >= year median): all three3,5890.801
Studio-scale films only: content only3,5890.749
Hit = top 20 (not top 40): all three6,7070.886
Hit = top 60: all three6,7070.847
Without the "budget not published" flag6,7070.851
Published budget only: all features / budget alone / story alone5,1120.839 / 0.799 / 0.785

The top-scored 10% of films are hits 79% of the time

79%of top-decile films made the top 40 (3.53× the 22.2% average). Songs: 46.1%
73%of all hits sit in the top 30% of scores
5 of 671films in the bottom decile became hits
Lift chart
Left: hit rate by score decile (out of sample). Right: share of all hits captured moving down the ranked list.
DecileFilmsHitsHit rateLiftCumulative % of hits
167152778.5%3.53×35%
267134150.8%2.28×58%
367021632.2%1.45×73%
467116224.1%1.09×84%
56719914.8%0.66×90%
66707010.4%0.47×95%
7671436.4%0.29×98%
8670223.3%0.15×99%
967171.0%0.05×100%
1067150.7%0.03×100%

Budget matters more every decade; spectacle matters less

Odds ratios by decade
The same model fitted in each decade. * = p < .05; † = no hits in that group.

Money became destiny

Budget's odds ratio per SD went from 1.4 in the 1980s to 3.47 in the 2000s and 3.03 in the 2010s.


Spectacle stopped standing out

2.54 in the 1980s, 1.11 by the 2010s, once nearly every big film had it.


Sequels never went out of style

2.63 in the 1980s, 2.91 in the 2010s. Romance went from 1.93 in the 1990s to 0.46.

The model's ten favourites: 9 hits and one famous flop

The template is a big-budget summer family sequel from a major studio. The one miss is Heaven's Gate (1981), the $44m western that nearly sank United Artists. The model saw a big, long, prestigious studio epic, just as its backers did.

#FilmTop 40?FranchiseBudgetLogline
1The Blues Brothers (1980)Yes, #9started one$27mTwo musicians on a mission from God.
2Toy Story 3 (2010)Yes, #2sequel$200mThe toys face being left behind as Andy grows up
3Angels & Demons (2009)Yes, #21sequel$150mA secret society threatens to destroy the Vatican during a conclave.
4Mission: Impossible - Fallout (2018)Yes, #8sequel$178mEthan Hunt races to stop a nuclear attack after a mission fails.
5Avengers: Endgame (2019)Yes, #1sequel$356mThe Avengers' final battle to undo Thanos's snap.
6Heaven's Gate (1981)Nooriginal$44mThe Johnson County War between settlers and barons.
7Toy Story 4 (2019)Yes, #3sequel$200mWoody meets a spork toy and an old friend.
8Superman II (1981)Yes, #2sequel$54mSuperman loses his powers as super-villains invade
9Incredibles 2 (2018)Yes, #3sequel$200mThe Incredibles' mom takes the spotlight while dad does the parenting
10True Lies (1994)Yes, #3remake$115mA spy husband's secret life collides with his marriage.

10 story factors; spectacle pays most

Factor analysis (varimax) on the 46 story codes. Odds ratios are per SD of factor score, within year. As with the songs, the factors predict a little less well than the raw codes (AUC 0.729 vs 0.802). Open a factor to see the films at each end.

Factor loadings heatmap
Loadings of each story code on each factor; bold values are |.35| or more.
F1 Family & animation · odds ×1.34 · kids & family audience, animation, rated G, non-human lead

High end

  1. Balto (1995)
  2. The Tigger Movie (2000)
  3. The Chipmunk Adventure (1987)
  4. Tom and Jerry: The Movie (1993)
  5. Care Bears Movie II: A New Generation (1986)
  6. The Pebble and the Penguin (1995)
  7. The Care Bears Movie (1985)
  8. The Secret of NIMH (1982)

Low end

  1. Superman III (1983)
  2. Ant-Man (2015)
  3. Men in Black (1997)
  4. Men in Black 3 (2012)
  5. Men in Black II (2002)
  6. Men in Black: International (2019)
  7. Bulletproof Monk (2003)
  8. The Return of Swamp Thing (1989)
F2 Spectacle vs talk · odds ×2.0 · effects-driven action and adventure vs low-key drama

High end

  1. Avengers: Endgame (2019)
  2. Black Panther (2018)
  3. Valerian and the City of a Thousand Planets (2017)
  4. Aquaman (2018)
  5. Batman Forever (1995)
  6. Oblivion (2013)
  7. Thor: The Dark World (2013)
  8. Star Wars: Episode II - Attack of the Clones (2002)

Low end

  1. My Girl (1991)
  2. Because of Winn-Dixie (2005)
  3. War of the Buttons (1995)
  4. Sylvester (1985)
  5. Flowers in the Attic (1987)
  6. Russkies (1987)
  7. My Father's Glory (1991)
  8. A Dog's Purpose (2017)
F3 Light comedy vs dark · odds ×1.18 · comedy, light tone, happy ending

High end

  1. Personal Services (1987)
  2. Private Parts (1997)
  3. Tag (2018)
  4. Nacho Libre (2006)
  5. Action Point (2018)
  6. Mike and Dave Need Wedding Dates (2016)
  7. South Park: Bigger, Longer & Uncut (1999)
  8. The Informant! (2009)

Low end

  1. The Lovely Bones (2010)
  2. The Prestige (2006)
  3. Flowers in the Attic (1987)
  4. A.I. Artificial Intelligence (2001)
  5. Hugo (2011)
  6. The Woman in Black (2012)
  7. Lust, Caution (2007)
  8. The Great Gatsby (2013)
F4 True story · odds ×0.96 · biopics and period true stories

High end

  1. Battle of the Sexes (2017)
  2. In Love and War (1997)
  3. Eddie the Eagle (2016)
  4. Secretariat (2010)
  5. Wyatt Earp (1994)
  6. Miracle (2004)
  7. Rush (2013)
  8. The World's Fastest Indian (2006)

Low end

  1. Abandon (2002)
  2. Siesta (1987)
  3. The Circle (2017)
  4. Before I Fall (2017)
  5. Enemy (2014)
  6. La Cérémonie (1996)
  7. The Deep End (2001)
  8. Out of Blue (2019)
F5 Adult & dark · odds ×0.71 · adult audience, R-leaning, darker endings

High end

  1. Ghost in the Shell (1996)
  2. I Love You Phillip Morris (2011)
  3. Man Bites Dog (1993)
  4. Mind Game (2005)
  5. Batman: The Killing Joke (2016)
  6. Twin Town (1997)
  7. The Personals (1982)
  8. Turbo Kid (2015)

Low end

  1. Before I Fall (2017)
  2. The Boy (2016)
  3. The Circle (2017)
  4. You Got Served (2004)
  5. Body Rock (1984)
  6. The Uninvited (2009)
  7. Nerve (2016)
  8. Flowers in the Attic (1987)
F6 Romance · odds ×1.0 · romance drives the plot

High end

  1. The Little Mermaid (1989)
  2. Anastasia (1997)
  3. Howl's Moving Castle (2005)
  4. Aladdin (1992)
  5. The Princess and the Frog (2009)
  6. Pocahontas (1995)
  7. Corpse Bride (2005)
  8. Tarzan the Ape Man (1981)

Low end

  1. Varsity Blues (1999)
  2. Win Win (2011)
  3. Mystery, Alaska (1999)
  4. Dope (2015)
  5. With Honors (1994)
  6. ATL (2006)
  7. Staying Together (1989)
  8. Kikujiro (2000)
F7 Horror · odds ×0.82 · horror, dark tone, shorter running time

High end

  1. Silent Hill: Revelation (2012)
  2. Red Riding Hood (2011)
  3. Paranormal Activity 4 (2012)
  4. One Missed Call (2008)
  5. Ouija (2014)
  6. Prom Night II (1987)
  7. The Grudge (2004)
  8. Shutter (2008)

Low end

  1. Red Cliff (2009)
  2. The Green Mile (2000)
  3. The Last Samurai (2003)
  4. Drishyam (2015)
  5. State of Play (2009)
  6. The Shawshank Redemption (1994)
  7. The Man in the Iron Mask (1998)
  8. SuperFly (2018)
F8 Ensemble / co-leads · odds ×1.07 · two-handers and ensembles over one lead

High end

  1. Scooby-Doo 2: Monsters Unleashed (2004)
  2. Turbo: A Power Rangers Movie (1997)
  3. Mighty Morphin Power Rangers: The Movie (1995)
  4. Bumblebee (2018)
  5. Star Wars: Episode VIII - The Last Jedi (2017)
  6. SpaceCamp (1986)
  7. The Brady Bunch Movie (1995)
  8. Star Trek Beyond (2016)

Low end

  1. Quest for Camelot (1998)
  2. The Little Mermaid (1989)
  3. Thumbelina (1994)
  4. Rainbow Brite and the Star Stealer (1985)
  5. Anastasia (1997)
  6. Maid to Order (1987)
  7. The Last Unicorn (1982)
  8. Maxie (1985)
F9 Rated PG · odds ×1.06 · the PG rating itself

High end

  1. Life of Pi (2012)
  2. Greystoke: The Legend of Tarzan, Lord of the Apes (1984)
  3. A Passage to India (1985)
  4. The Right Stuff (1984)
  5. Gettysburg (1993)
  6. The Chronicles of Narnia: Prince Caspian (2008)
  7. Contact (1997)
  8. Percy Jackson & the Olympians: The Lightning Thief (2010)

Low end

  1. Bugs Bunny's 3rd Movie: 1001 Rabbit Tales (1982)
  2. Rugrats in Paris (2000)
  3. The Chipmunk Adventure (1987)
  4. Alvin and the Chipmunks: Chipwrecked (2011)
  5. Tom and Jerry: The Movie (1993)
  6. Cats Don't Dance (1997)
  7. Fantasia 2000 (2000)
  8. Winnie the Pooh (2011)
F10 Crime thriller · odds ×1.04 · crime and thriller vs drama

High end

  1. The Getaway (1994)
  2. Miss Bala (2019)
  3. Suspect (1987)
  4. The Sweeney (2013)
  5. Dead Man Down (2013)
  6. D.O.A. (1988)
  7. The Girl with the Dragon Tattoo (2011)
  8. Wind River (2017)

Low end

  1. Metropolis (2002)
  2. The Congress (2014)
  3. The Lion King (2019)
  4. Nausicaä of the Valley of the Wind (1987)
  5. The Lego Movie (2014)
  6. Logan (2017)
  7. A Scanner Darkly (2006)
  8. Bicentennial Man (1999)

Twelve kinds of film; the serious adult drama is the hardest sell

Gaussian-mixture clusters on the factor scores. Lift compares each archetype's hit rate with films from the same years. The archetype audiences love most, serious adult drama, hits at 0.37× its share, even though a higher IMDb rating raises any film's odds (×2.94 per SD, with hindsight). The box office rewards reach, and the rating rewards craft.

Archetype lift and share by decade
Left: hit rate relative to films from the same years. Right: each archetype's share of each decade's films.
ArchetypeAvg yearFilmsLiftBest-known
PG adventure crowd-pleasers20015342.03×Star Wars: Episode V - The Empire Strikes Back; Back to the Future; Star Wars: Episode VI - Return of the Jedi; The Truman Show
G-rated animation19982011.74×WALL·E; Finding Nemo; The Lion King; Toy Story
Effects blockbusters20039851.68×The Dark Knight; Inception; The Lord of the Rings: The Return of the King; The Lord of the Rings: The Fellowship of the Ring
Live-action family films19981661.09×Home Alone; Home Alone 2: Lost in New York; The Goonies; Finding Neverland
Comedies19977821.00×The Big Lebowski; The Hangover; Ted; Superbad
Crime & action thrillers19996220.81×Se7en; Memento; V for Vendetta; Kill Bill: Vol. 1
Romances & romcoms19996020.80×Forrest Gump; Good Will Hunting; Slumdog Millionaire; Amélie
Couples & relationship films19994180.75×Eternal Sunshine of the Spotless Mind; Silver Linings Playbook; The Notebook; La La Land
Mid-range dramas19984580.65×Million Dollar Baby; Arrival; Juno; Rain Man
True stories & period pieces20036100.64×Schindler's List; The Wolf of Wall Street; Goodfellas; Braveheart
Horror20016250.59×The Silence of the Lambs; Black Swan; Aliens; World War Z
Serious adult dramas20006840.37×The Shawshank Redemption; Fight Club; Pulp Fiction; Inglourious Basterds

Films are far easier to call than songs

Both studies use the same design. Songs are cheap to make and compete on sound; films are expensive, and most of the bet is placed before anyone sees them.

Songs (1960–2010)Movies (1980–2019)
Hit rate23.1%22.2%
Within-year AUC0.650.86
Top / bottom decile hit rate46.1% / 8.5%78.5% / 0.7%
Strongest predictorArtist's previous top-10 hitsBudget
The product alone0.62 (sound + genre)0.80 (story codes)
VerdictNo formula. An entry ticket.Not a formula. A business model.

The Choice Engine

Pick a film you love, and the engine ranks every other film by how much someone who loves it would value them. It uses a quadratic consumer-surplus score whose shadow prices come from the hit model, with plain cosine similarity alongside as a baseline. A switch adds the business side (budget, studio, release window, track record), and an era dial favours films from the reference's years. Every card shows a synopsis, a logline and hit-signal chips.

Open the Choice Engine →

The verdict

Not a formula. A business model.

Money decides most of it

Budget, a sequel, a major studio and a summer date. The top-scored decile hits at 3.5× the average rate; the bottom decile almost never hits.

The story still counts

Big, light, happy, family-friendly and effects-driven. The story codes alone reach AUC 0.80. Adult, period and dark films swim upstream.

Quality is the multiplier

Within a package, better-rated films do better. But the best-loved archetype hits at 0.37× its share.