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$200 Million ‘Joker’ Sequel Is a Box Office Bust - Update in OP, lower than expected $37M
Posted on 10/6/24 at 12:55 pm
Posted on 10/6/24 at 12:55 pm
LINK
UPDATE
‘Joker: Folie à Deux’ Lower In Opening With $37M+ After ‘D’ CinemaScore – Box Office
quote:
The opening weekend of “Joker: Folie à Deux” was nothing to sing about.
The highly anticipated musical sequel to the 2019 hit “Joker” from Warner Bros.’s movie studio delivered just $40 million at the domestic box office in its opening weekend. That performance fell short of already modest industry projections that it would gross between $50 million and $60 million.
Its box-office sales are a far cry from the original’s nearly $100 million opening. The first installment went on to gross more than $1 billion globally.
With a production budget in the $200 million range—more than three times what the original cost—“Joker: Folie à Deux” is looking like a critical and financial disappointment for Warner Bros. Discovery. That figure doesn’t include the tens of millions spent on marketing.
“The movie didn’t land with audiences the way we wanted it to,” said Jeff Goldstein, Warner Bros.’s president of domestic distribution.
UPDATE
‘Joker: Folie à Deux’ Lower In Opening With $37M+ After ‘D’ CinemaScore – Box Office
quote:
The opening for Warner Bros‘ Joker: Folie a Deux was even lower at $37.8M this weekend versus the $40M that the studio reported yesterday morning. Sunday came in at $6.2M, -45% off Saturday’s $11.3M. The movie cost $190M+ before P&A.
Overseas was better as we told you yesterday with a $81.1M take, however, just like domestic, prospects aren’t bright. More on what went wrong with this film under the David Zaslav led Warner Bros. Discovery conglom here. As we told you, the studio gave filmmaker Todd Phillips to make the movie he wanted, but at a much higher greenlight price of $190M+, a that’s 171% above the original 2019 movie’s $70M, which had two co-financiers, Village Roadshow and the then Bron. Joker 2 only had one co-fi partner, Domain at 25%.
This post was edited on 10/7/24 at 1:10 pm
14
Posted on 10/6/24 at 12:59 pm to Major Dutch Schaefer
I'm not surprised. It's a movie no one asked for nor wanted.
Posted on 10/6/24 at 1:00 pm to RollTide1987
quote:
I'm not surprised. It's a movie no one asked for nor wanted.
And it just looks stupid. Ridiculously stupid.
Posted on 10/6/24 at 1:07 pm to Major Dutch Schaefer
quote:
The movie didn’t land with audiences the way we wanted it to,” said Jeff Goldstein, Warner Bros.’s president of domestic distribution
Posted on 10/6/24 at 1:22 pm to Major Dutch Schaefer
WB should change its name to Hold My Beer
Posted on 10/6/24 at 1:28 pm to Major Dutch Schaefer
Word of mouth is also going to destroy it. Gonna drop like a stone next week.
Posted on 10/6/24 at 1:36 pm to Major Dutch Schaefer
A few box office guys on Twitter saying the actual numbers may actually fall into the 30s. It would fall under Morbius’s opening weekend if so.
Loading Twitter/X Embed...
If tweet fails to load, click here.This post was edited on 10/6/24 at 1:38 pm
Posted on 10/6/24 at 1:42 pm to Kinderman
Actuals will be 37-38 mil
Posted on 10/6/24 at 1:49 pm to Major Dutch Schaefer
quote:
With a production budget in the $200 million range
I don’t see how they spent this much. Phoenix got $20m. Gaga got $12m. There’s no way you need $168m for an asylum and a courtroom.
Posted on 10/6/24 at 2:02 pm to Esquire
Phillips has said it's bullshite, so we have to wait and see who's telling the truth
Posted on 10/6/24 at 2:08 pm to RollTide1987
quote:I think saying nobody wanted it is a bit off but the moment they announced it was a fricking musical it cut any interest fans of the original had in half. Just a colossal frick up. It’s like someone had their heart set on Lady Gaga playing Harley Quinn and she would only come on if it was a musical. So they did it.
I'm not surprised. It's a movie no one asked for nor wanted.
Posted on 10/6/24 at 2:20 pm to RLDSC FAN
quote:
Actuals will be 37-38 mil
And estimated around $120m worldwide. For a movie this divisive and poorly reviewed, it still made more drastically underperforming in its opening weekend than Civil War did in its entire theatrical run. Civil War is A24’s second highest grossing movie ever after EEAAO. This is why the big studios don’t want to take risks with new IP.
Posted on 10/6/24 at 2:32 pm to Esquire
Civil War also cost only $50 million to make and ended up being a mediocre film with poor word of mouth. Had the audience actually enjoyed it word of mouth likely would have allowed it to make more cash. But with movie tickets being so expensive these days, no one wants to pay $12 a pop to see a bad movie.
They'll wait for streaming and save money.
They'll wait for streaming and save money.
This post was edited on 10/6/24 at 2:33 pm
Posted on 10/6/24 at 2:43 pm to Major Dutch Schaefer
People already didn't want a sequel, and then they went and made a retarded sequel. No one has any interest in this... I'm legitimately confused who the market for this film is
Posted on 10/6/24 at 3:10 pm to RollTide1987
quote:
Civil War also cost only $50 million to make and ended up being a mediocre film with poor word of mouth. Had the audience actually enjoyed it word of mouth likely would have allowed it to make more cash.
A24’s highest grossing movie, Everything Everywhere, only made $144m worldwide and it won Best Picture. Joker will have that beat by next weekend. Unless a big studio can get Nolan, there is no incentive to risk telling a new story when rehashing old IP has such a high floor, even when the audience knows for a month that it’s going to be complete arse. Until the big studios can get their accounting under control, the top 20 highest grossing are all going to be sequels or reboots unless it’s a Nolan year. With Disney paying $200m just to get RDJ and the Russos back, I don’t see this getting fixed any time soon.
This post was edited on 10/6/24 at 3:14 pm
Posted on 10/6/24 at 3:45 pm to Esquire
They didnt, hollywood accounting.
If they really did, I would love to see an actual itemized breakdown.
If they really did, I would love to see an actual itemized breakdown.
Posted on 10/6/24 at 3:47 pm to Esquire
quote:
Everything Everywhere, only made $144m worldwide and it won Best Picture.
It also only cost around $20 million to make. Therefore movies like that don't require much to turn a profit. Joker 2 needs to make at least $400 million just to break even on its $200 million budget.
This post was edited on 10/6/24 at 3:51 pm
Posted on 10/6/24 at 4:01 pm to RollTide1987
This was such an unforced error. They never intended for there to be a sequel. This is looking more like self-destructive behavior on the part of the studios, it makes no sense. What the hell were they even thinking?
If I didn’t know better, I would say they went out of their way to throw away a bunch of money so people could just do something and get paid while also unraveling the success of the first movie.
If I didn’t know better, I would say they went out of their way to throw away a bunch of money so people could just do something and get paid while also unraveling the success of the first movie.
Posted on 10/6/24 at 4:02 pm to RollTide1987
quote:
Joker 2 needs to make at least $400 million just to break even on its $200 million budget.
There's no way to make a profit on a $200m production with $400m worldwide receipts. The entire marketing spend would be a loss in that case.
Spend $200m? You need about $500m in receipts to get back to zero and then you can talk about profit.
This is simplistic as it does not factor in things like secondary market (which streaming has neutered and especially for a movie that is no particularly popular), merch, etc., of which this film will have little.
Simplistic but still fairly accurate.
Posted on 10/6/24 at 4:04 pm to SouthEasternKaiju
quote:
This was such an unforced error. They never intended for there to be a sequel. This is looking more like self-destructive behavior on the part of the studios, it makes no sense. What the hell were they even thinking?
I like the "meta" nature of it a METAphor if you will - it is sort of like the Joker character from the first film was the director of the sequel. And instead of seeing it as a steaming turd, he thinks he made the new Citizen Kane or 2001.
#Meta
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