Chennai, March 17, 2021: 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”.
About Ormax Media:
Headquartered in Mumbai, Ormax media is India's first specialized media analytics & consulting firm. Using its proprietary consumer research, forecasting and data analytics tools, Ormax media provides strategic solution for businesses operating in media & entertainment sector in India, in areas such as content testing, campaign tracking, brand equity research, audience and category understanding among others. Since its inception in 2008, Ormax media has built a slate of more than 20 proprietary products in the areas of forecasting, modelling and business analytics that are used extensively by the industry as a gold-standard in decisions related to content selection, brand & content strategy and strategic business investments.
Ormax Media partners with more than 85 leading media & entertainment brands in India, including Star India, Viacom 18, Zee, Sun Network, Times Network, Sony Pictures Networks, Amazon Prime Video, Disney+ Hotstar, Yash Raj Films, Dharma Productions and many others.
For more information, log on to: https://www.ormaxmedia.com/
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