Hollywood just had its worst October since 1997. The month brought in only $425 million across all releases, the lowest haul in 27 years (if you don't count the pandemic-beleagured 2020). When you adjust the 1997 number for inflation, we're looking at losses that are even more stunning. This marks the second-worst October of the entire 21st century.Big oof.Disney's Tron: Ares led the pack of disappointments, managing to bring in just $68 million domestically despite its massive budget. The film is projected to lose Disney approximately $132.7 million when all revenue streams are accounted for, with a production budget that actually came in at $220 million (not the initially reported $170-180 million, per Deadline). Beyond Tron, the month was populated with unfortunate underperformers. Awards hopefuls like The Smashing Machine and Springsteen: Deliver Me From Nowhere failed to connect with audiences, while even moderately successful entries like Black Phone 2 couldn't make up for industry-wide losses.Industry analysts noted that apart from horror sequel Black Phone 2, there simply weren't enough genre films to draw audiences during what should be a lucrative Halloween season. - YouTube www.youtube.com Understanding the FailuresThe Tron: Ares flop may not have been a surprise to film fans, but it's still not great for the industry. And its failures are closely tied, many believe, to a reliance on tired IP and uncreative storytelling. One insider told Deadline, "There was no specific vision, to be honest. The idea that Disney would spend a quarter of a billion dollars on...
Published By: NoFilmSchool - Tuesday, 4 November