REPORT: Movie Box Office On Track for Lowest in 25 Years… Spielberg-Lucas ‘Blockbuster Implosion’ Omen Prevails
eports now, according to Exhibitor Relations: if things continue as they have, this will be the lowest box office in a quarter century. While there have been bright spots (“Dunkirk”) and surprises (“Baby Driver”) the failures have outweighed everything.
Start with a total write off on “King Arthur” and go from there. Then go to “The Dark Tower.”
One terrible new failure: “Nut Job 2,” they say, is the biggest loser ever in wide release (4000+) studio movie. It made just over $8 million this weekend.
Four years ago, at a USC symposium, famed and very successful directors George Lucas and Steven Spielberg warned the film industry that reliance on blockbusters– tent pole movies that failed would cause an implosion. At first no one took them seriously. But now maybe we’re seeing what they meant.
Spielberg said at the time: “That’s the big danger, and there’s eventually going to be an implosion — or a big meltdown. There’s going to be an implosion where three or four or maybe even a half-dozen mega budget movies are going to go crashing into the ground, and that’s going to change the paradigm.”