And barring a miracle, box office analysts do not believe ticket sales will be able to make up much ground - even with blockbuster-hopefuls “Black Panther: Wakanda Forever” and “Avatar: The Way of Water” coming around the holidays.įor cinema operators in Augusta, Seattle and every North American city in between, the gripe is the same: there simply aren’t enough new movies to get revenues back to pre-pandemic levels. At this point, the overall box office is lagging 30% behind 2019, the last year before COVID, according to Comscore.
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But it’s a collective bummer to theater owners, who don’t have a ton of exciting options to offer their patrons as the summer movie season grinds to a halt. Given its new home at Netflix, it may not be surprising that “Knives Out 2” will not make much of a splash on the big screen. Even with a drop from the first film, it would be welcome business.” “It’s understandable that exhibition would want this movie. Gross, who runs the movie consulting firm Franchise Entertainment Research. “‘Knives Out’ was exceptional, and Rian Johnson is a sensational storyteller,” says David A. Then in early 2021, Netflix made an irresistible offer by plunking down $450 million for the rights to two “Knives Out” sequels to land on the streamer. Lionsgate and Media Rights Capital backed the first movie, which made a killing in theaters with $165 million in North America and $311 million worldwide. 23 on the streaming service, as well as “in select theaters on a to-be-announced date,” Netflix reported on Monday.īut, much to the chagrin of movie theater operators, the film is not expected to secure a significant theatrical rollout, at least not the kind that would have greeted the sequel to director Rian Johnson’s 2019 sleeper hit “Knives Out,” had Lionsgate been distributing the starry murder mystery. The highly anticipated “ Glass Onion: A Knives Out Mystery” will debut Dec.
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With a series of question marks on the calendar through the remainder of the year, there’s at least one movie that exhibitors expect to triumph. And after dining out in spectacular fashion for much of the summer, movie theaters are bracing for a starvation diet this fall. Since the pandemic, it’s been feast or famine at the box office.
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