Joaquin Phoenix stars as Arthur Fleck in “Joker: Folie a Deux.”
Warner Bros.
Warner Bros. took an enormous swing with “Joker: Folie a Deux.” It is became an enormous whiff.
After the billion-dollar success of “Joker” in 2019 on a shoestring funds of simply $55 million, the studio greenlit a sequel, providing director Todd Phillips a considerably bigger funds of $200 million. As of Wednesday, the movie has garnered simply $53.8 million domestically, in accordance with Comscore. Its international haul stands at $166 million as of Sunday with updates anticipated over the weekend.
Panned by critics and audiences, “Joker: Folie a Deux” will not be anticipated to recoup a lot of its lofty manufacturing funds or the extra $100 million in estimated advertising and distribution prices by the tip of its theatrical run.
And it is not the one blockbuster-budgeted movie to disappoint on the field workplace this yr.
Different studios, together with Warner Bros., Common, Lionsgate and even Sony, have dropped a whole bunch of thousands and thousands of {dollars} on franchise options and star-studded ensembles — solely to see ticket gross sales sputter.
In fact, it is not an uncommon incidence within the theatrical business.
“A mixture of hits and flops are a trademark of each field workplace yr,” mentioned Paul Dergarabedian, senior media analyst at Comscore. “However, 2024, being topic to a wide range of distinctive challenges to each movie manufacturing and the discharge calendar, created an imperfect storm that led to a collection of inventive misfires and monetary failures.”
Moreover, as Hollywood contends with a rising streaming market and a extra fickle moviegoing public, these misfires might fear buyers.
“Earlier than the rise of streaming, assessing a movie’s monetary efficiency was seemingly clearer minimize than it has turn out to be in recent times,” mentioned Shawn Robbins, director of analytics for Fandango’s film division.
Due to streaming, Hollywood has shortened the theatrical window, bringing motion pictures to the house market a lot sooner than earlier than. Which means potential moviegoers, who may be on the fence about seeing a film or seeing it shortly, have a shorter time to attend earlier than they will view it from their sofa on a streaming service to which they already subscribe. And if that film has poor critiques, audiences have even much less incentive to exit to cinemas.
“In flip, this shift in dynamics and enterprise fashions may name into query what sort of field office-to-budget ratio constitutes a loss and what does not,” Robbins famous. “Some numbers are simpler to eyeball and determine as a monetary misfire with out a lot argument, to make sure. Others could also be much less apparent to discern in a continuously evolving international market.”
For instance, a straight-to-streaming film with a funds of $200 million could possibly be deemed successful for a studio, if it drums up sufficient views. In the meantime, a $200 million movie that goes to theaters and underperforms is commonly thought of a failure. That is very true when contemplating studios are additionally spending on advertising and promotion prices, often equal to half of the manufacturing funds, and sharing ticket proceeds with cinemas.
For firms equivalent to Netflix, Apple or Amazon which have larger cushions and stakeholders who’re historically extra snug with threat, big-budget movies going straight to streaming might not faze buyers. However for extra conventional media firms, which have lengthy traded off their successes on the field workplace, shareholders nonetheless need to see an enormous theatrical return on funding.
This is a have a look at a number of the largest box-office disappointments to date in 2024, based mostly on manufacturing budgets estimated by IMDb and box-office tallies thus far from Comscore:
“Joker: Folie a Deux”
- Estimated manufacturing funds: $200 million
- International field workplace: $166 million
- Launch date: Oct. 4, 2024
Warner Bros.’ “Joker: Folie a Deux” fell wanting opening weekend expectations earlier this month, securing simply $37.6 million domestically after preliminary field workplace forecasts referred to as for near $70 million in its first few days in theaters.
The movie picks up after Arthur Fleck’s arrest in “Joker” as he awaits trial at Arkham State Hospital. Audiences failed to attach with the sequel, which featured Girl Gaga, who performed a model of Harley Quinn, and her musical skills in a lot of scenes.
“Joker: Folie a Deux” suffered the most important second-week drop of any DC studios movie, a whopping 81% fall.
For comparability, its predecessor snapped up $96.2 million throughout its opening weekend and $248.4 million globally in its first three days.
“Joker: Folie a Deux” didn’t lure again its most ardent followers or encourage new moviegoers to flock to cinemas. Critics broadly panned the flick, which at the moment holds a 33% ranking on overview aggregator Rotten Tomatoes and a uncommon “D” on CinemaScore.
“Borderlands”
- Estimated manufacturing funds: $115 million
- International field workplace: $32.9 million
- Launch date: Aug. 9, 2024
Attempting to capitalize on the recognition of video game-based motion pictures, Lionsgate shelled out $115 million for director Eli Roth’s adaptation of “Borderlands.”
The movie touted an all-star solid of Cate Blanchett, Kevin Hart, Jack Black, Jamie Lee Curtis and up-and-comer Ariana Greenblatt, however fell flat with audiences. Blanchett portrayed an notorious bounty hunter who varieties an unlikely alliance with a ragtag staff of misfits whereas on a quest to seek out the lacking daughter of probably the most highly effective man within the universe.
“Borderlands” generated a ten% ranking on Rotten Tomatoes from 161 critiques and stalled out with simply $32.9 million in international ticket gross sales.
Nonetheless from Lionsgate’s “Borderlands.”
Lionsgate
“Argylle”
- Estimated manufacturing funds: $200 million
- International field workplace: $96.2 million
- Launch date: Feb. 2, 2024
Common’s “Argylle” equally had a stacked solid — Bryce Dallas Howard, Sam Rockwell, Henry Cavill, John Cena, Dua Lipa and Samuel L. Jackson, amongst them — however didn’t drum up box-office curiosity.
The movie facilities on Howard as reclusive writer Elly Conway, whose best-selling espionage novels begin to mirror the covert actions of a real-life spy group.
After spending round $200 million on manufacturing and an estimated $100 million on advertising efforts, the movie generated simply $96.2 million worldwide.
A lot of the movie’s points stemmed from poor critiques — it garnered a 33% ranking on Rotten Tomatoes — for what some referred to as a convoluted but predictable plot.
“The Fall Man”
- Estimated manufacturing funds: $125 million
- International field workplace: $180.9 million
- Launch date: Could 3, 2024
Common’s “The Fall Man” was truly very well-received by critics, incomes an 81% ranking on Rotten Tomatoes. Nevertheless, even the dynamic duo of Ryan Gosling, contemporary off “Barbie,” and Emily Blunt, one of many stars of “Oppenheimer,” wasn’t sufficient to attract audiences out to cinemas.
The movie, a love letter to stunt performers based mostly on a tv present from the ’80s with the identical identify, facilities on Gosling’s Colt Seavers, a battle-scarred stuntman who’s drawn again into the film business after the star of a movie directed by Seavers’ former love curiosity Jody Moreno (Blunt) goes lacking.
“The Fall Man” tallied simply $180.9 million globally. Its manufacturing funds was $125 million, not together with advertising and distribution prices. The shortage of main franchise attachment and area of interest storyline seems to have narrowed the viewers.
Ryan Gosling stars in Common’s “The Fall Man.”
Common
“Madame Net”
- Estimated manufacturing funds: $80 million
- International field workplace: $100 million
- Launch date: Feb. 14, 2024
Sony’s Spider-Man universe movies have been hit-or-miss on the field workplace for years. For each Venom or Spider-Verse success there is a “Morbius” or a “Madame Net.”
With an 11% rating on Rotten Tomatoes, “Madame Net” sparked the unsuitable form of viral consideration after its launch. Memes flooded social media websites poking enjoyable on the solid’s picket performances, gaping plot holes and poorly redubbed dialogue.
“Madame Net” follows Cassandra Webb, a New York Metropolis paramedic with clairvoyance. Webb’s visions warn her a couple of risk to a few younger girls, who every will acquire spider powers sooner or later.
The movie, which value round $80 million to supply, managed to scoop up round $100 million in ticket gross sales globally. Nevertheless, after advertising prices and splitting receipts with cinemas, the movie didn’t make again its funds.
“Furiosa: A Mad Max Saga”
- Estimated manufacturing funds: $168 million
- International field workplace: $172.4 million
- Launch date: Could 24, 2024
Warner Bros.’ “Furiosa: A Mad Max Saga” was a long-awaited prequel from the thoughts of George Miller. Nevertheless, regardless of strong critiques — a 90% “Recent” ranking on Rotten Tomatoes — the movie didn’t explode on the field workplace.
A prequel to 2015’s “Mad Max: Fury Street,” the movie explores Furiosa’s formative years after she is kidnapped by a tyrannical warlord and makes an attempt over a number of years to get again house.
The movie’s manufacturing did profit from in depth authorities subsidies for filming in Australia, which lessened the monetary blow, however “Furiosa” generated solely $172.4 million throughout its international run. Its manufacturing funds was estimated at round $168 million with out advertising bills.
For comparability, “Mad Max: Fury Street” snared $368 million throughout its international run in 2015.
Chris Hemsworth stars because the villainous Dementus in Warner Bros.’ “Furiosa: A Mad Max Saga.”
Warner Bros. Discovery
“Megalopolis”
- Estimated manufacturing funds: $120 million
- International field workplace: $9.2 million
- Launch date: Sept. 27, 2024
“Megalopolis” was a ardour venture for writer-director Francis Ford Coppola, who had been stewing over the movie’s idea because the late ’70s. He self-financed the movie, shelling out $120 million on manufacturing.
The movie is about in an alternate model of Twenty first-century New York Metropolis referred to as New Rome. It follows an architect named Cesar Catilina (Adam Driver) as he makes an attempt to revitalize town by constructing the futuristic utopia referred to as Megalopolis all whereas dealing with corrupt management bent on shutting down his plans.
The “overstuffed opus,” as Rotten Tomatoes critics referred to as the piece, had a sizeable solid of heavyweights along with Driver — Dustin Hoffman, Giancarlo Esposito, Laurence Fishburne and Jon Voight amongst them — however appeared to attract in solely Coppola’s largest followers. “Megalopolis” tallied simply $9.2 million globally.
The movie was distributed by Lionsgate. It’s unclear if the advertising and distribution prices had been cut up between Coppola and Lionsgate or if the studio took on the monetary burden.
“Horizon: An American Saga — Chapter 1”
- Estimated manufacturing funds: $100 million
- International field workplace: $38.2 million
- Launch date: June 28, 2024
One other ardour venture, “Horizon: An American Saga — Chapter 1” from Kevin Costner confronted difficulties on the field workplace. The function collected solely $38.2 million on the international field workplace throughout its run in theaters. Its poor efficiency led Costner and Warner Bros. to postpone the discharge of a deliberate sequel, “Chapter 2,” which had been set for about six weeks after the primary hit theaters.
“Chapter 1” follows a number of totally different narratives of individuals exploring the American West and pioneering new territory, together with a gruff cowboy performed by Costner, who finds himself on the run with a prostitute and a younger boy after killing a fellow gunman.
Costner produced, wrote, directed and starred in each movies, spending an estimated $100 million on the 2 initiatives. Two extra chapters within the saga are nonetheless in improvement with an undisclosed funds.
Western movies are a troublesome promote at fashionable field places of work. The traditional style is beloved by movie buffs, however is not an enormous draw for moviegoers. The very best-grossing Western on the field workplace is Quentin Tarantino’s 2012 movie “Django Unchained,” which generated about $450 million globally, in accordance with Comscore. Costner’s “Dances with Wolves,” from 1990, is the second-highest with $424.2 million in international ticket gross sales, not adjusted for inflation.
Whereas 2013’s “The Lone Ranger” tallied $260 million worldwide, no different Western movie has garnered greater than $250 million on the international field workplace.
Disclosure: Comcast is the mum or dad firm of NBCUniversal and CNBC. NBCUniversal owns Fandango and Rotten Tomatoes.
