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Boxoffice - July 2019

The Official Magazine of the National Association of Theatre Owners

The Official Magazine of the National Association of Theatre Owners

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SOCIAL MEDIA<br />

BY ALEX EDGHILL<br />

A BAD CASE OF SEQUEL-ITIS<br />

SUMMER <strong>2019</strong> IS A SEEMINGLY<br />

TROUBLED SEASON FOR SEQUELS<br />

With <strong>2019</strong> lagging behind last year in terms of box office earnings,<br />

many have singled out the recent string of underperforming sequels<br />

as the main culprit of the deficit. Why are so many of these once<br />

glitzy and glamorous sequels underwhelming at the box office?<br />

>> As is usually the case with the box office,<br />

memories are short and the huge recent successes<br />

of Avengers: Endgame and John Wick: Chapter 3<br />

– Parabellum must have already faded out of pundits’<br />

minds as the industry is swept up in negative<br />

headlines. One disappointing weekend is a miss,<br />

two becomes a trend, and by the third—the sky<br />

is falling!<br />

Let’s start with the positive. Lionsgate’s John<br />

Wick: Chapter 3 – Parabellum opened in mid-May<br />

to rave reviews (currently at 89% fresh on Rotten<br />

Tomatoes) and a stellar franchise-best $56.8<br />

million weekend bow, nearly doubling its predecessor’s<br />

debut. What is perhaps most impressive<br />

about the series is that it is barely five years old.<br />

The first film’s entire gross actually grossed less<br />

than Parabellum’s opening week. What sets this<br />

title apart from the early summer’s streak of disappointing<br />

titles? With its positive reviews and the<br />

social media buzz they engendered across the three<br />

major platforms we cover (Facebook, Instagram,<br />

Twitter), the film easily led all comparable titles.<br />

If no one is clamoring for your film online, it’s<br />

simply not going to do well—something especially<br />

true for sequels. Sequels are highly visible to their<br />

core demographics and, at least theoretically, are<br />

supposed to have higher awareness to generate a<br />

greater box office return. In this regard, Parabellum<br />

was a cut above the rest.<br />

Other results weren’t as favorable, starting with<br />

Godzilla: King of the Monsters, which opened to<br />

$47 million, almost half of what its predecessor<br />

made back in 2014. Critics were not helpful in<br />

this regard as its 40 percent fresh rating on Rotten<br />

Tomatoes was a far cry from the 75 percent the last<br />

one received. Though it did have some bright spots<br />

on Instagram, its overall buzz levels were lacking,<br />

and it failed to generate enough interest from<br />

casual fans.<br />

Next up, the pioneering franchise of comic<br />

book adaptations, Dark Phoenix, the closing<br />

chapter in Fox’s X-Men series. Critics weren’t kind,<br />

giving the title a 23 percent fresh on Rotten Tomatoes,<br />

a low for the franchise. Looking at its social<br />

media returns, it was clear it was going to have<br />

trouble generating revenue after it struggled to<br />

generate buzz ahead of release. The warning signs<br />

started in earnest with its most recent predecessor,<br />

X-Men: Apocalypse, which opened significantly below<br />

X-Men: Days of Future Past ($65 million versus<br />

$90 million). Dark Phoenix continued that trend.<br />

The Secret Life of Pets 2 was a follow-up to one<br />

of the most successful movies of 2016 but couldn’t<br />

PERFORMANCE OF SEQUELS AT THE BOX OFFICE SINCE MAY<br />

Movie Domestic Opening Int’l Opening Rotten Tomatoes %<br />

Men in Black: International $30.0 $73.7 24%<br />

Shaft $8.9 — 34%<br />

The Secret Life of Pets 2 $46.7 $11.6 57%<br />

Dark Phoenix $32.8 $103.7 23%<br />

Godzilla: King of the Monsters $47.8 $130.0 40%<br />

John Wick: Chapter 3–Parabellum $56.8 $36.5 89%<br />

106 JULY <strong>2019</strong>

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