All articles tagged with #movieindustry
Universal's horror film "Night Swim" opened to a solid $5.2 million, aiming for a $12.5 million weekend, while "Wonka" continues to lead the box office with a $150 million domestic total. "Migration" and "Aquaman and the Lost Kingdom" follow, with the latter set to surpass $100 million in North America. Sony's "Anyone but You" shows unexpected growth, indicating a positive trend for the romantic comedy genre.
The movie industry is facing a significant shift as one-fifth of moviegoers have not returned post-pandemic, leading to unexpected box office results in 2023. Superhero movies are no longer guaranteed hits, with films like "The Flash" and "Aquaman and the Lost Kingdom" underperforming, while original films like "Barbie" and "Oppenheimer" have become cultural phenomena. The success of "Barbie" marks a historic moment as the first female-led, live-action movie to top global and domestic box office charts. Additionally, Taylor Swift's concert film and the animated "Super Mario Bros. Movie" have seen surprising success. The industry is grappling with how to attract audiences back to theaters in the face of streaming competition, with some analysts optimistic about recovery by 2025-26. Meanwhile, Universal has overtaken Disney in global box office market share for the first time since 2016.
"Aquaman and the Lost Kingdom," the sequel to the successful "Aquaman" film, has significantly underperformed at the box office, earning only 12% of its predecessor's total gross. With a worldwide total of just over $138.5 million compared to the original's $1.1 billion, the sequel faces a challenging path ahead, especially considering its poor performance in major markets like China and the short theatrical window before it moves to streaming. The film's struggle is seen as part of a broader trend of recent disappointments in the DCEU, and despite low expectations and negative reviews, there's speculation about star Jason Momoa's future in the franchise, potentially as a different character.
The superhero genre, once a box office guarantee, is facing a potential decline as audience tastes shift towards original content. Despite successes like "Guardians of the Galaxy Vol. 3" and "Spider-Man: Across the Spider-Verse," other superhero films like "The Marvels" have underperformed. In contrast, original films like "Barbie" and "Oppenheimer" have seen significant success, indicating a change in moviegoer preferences. Hollywood is now challenged to adapt and innovate beyond its reliance on sequels and remakes, as the industry still works to recover to pre-pandemic levels of ticket sales and output.