These high-budget blockbusters won't be able to recoup their production and marketing spending if they don't go to theaters.įor comparison, "The Love Birds," an R-rated comedy that has skipped theaters and will arrive on Netflix at the end of May, had an estimated production budget of $16 million. "Minions" hauled in $1.16 billion globally and 2017's "Despicable Me 3" garnered $1.03 billion in total.ĭisney's "Mulan," Sony's "Ghostbusters: Afterlife," MGM's "No Time to Die," Paramount Pictures' "Top Gun: Maverick" and more have all found new release dates. "Furious 7," which was released in 2015, hauled in more than $1.5 billion globally, and "Fate of the Furious," released in 2017, had $1.24 billion in ticket sales.Įven Universal's "Minions: The Rise of Gru," an animated family film, which was delayed because its production schedule was interrupted due to the coronavirus social distancing restrictions shutting down its French studio location, is still seeking a theatrical debut once it is able to be completed. Universal's "F9," the next installment in the "Fast and Furious" franchise, moved to 2021 so that it could have a global theatrical release. "It's vitally important for the majority of big budget, high-profile films to await the return of movie theaters around the world and that's why we are seeing so many films pushing their release dates down the road," Paul Dergarabedian, senior media analyst at Comscore, said. "Avengers: Endgame" currently holds the record for the highest-grossing film of all time and the studio saw success with another female superhero flick "Captain Marvel," which tallied $1.13 billion in ticket sales globally in 2019. Patience means profitĭisney has a proven track record at the box office with its Marvel films. Representatives for Hasbro, which has the master toy license for the Trolls brand, declined to comment. Not having the toys align with the movie release could mean a massive loss in sales. Merchandise is a key piece for family film releases. "I'm sure that that merchandising has a lot to do with animated films skipping the window." " have a very long shelf life and exhibition is a much smaller percentage of the mix," Michael Pachter, analyst at Wedbush, told CNBC via email. Many of those items, which include dolls, plush and even apparel, were already shipped to retailers and are either on shelves or ready to be placed on shelves. These kinds of movies are in high demand with parents, but also, for "Trolls" in particular, had merchandise and toy deals tied to the films. A lot of families are home so that's why you are seeing titles like "Trolls World Tour," "Scoob!" and "Artemis Fowl" choosing to go home during this time." "What we are seeing in terms of the films that people are watching at home is that they are family movies," Erik Davis, managing editor at Fandango, said.
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