Despite Toy Story 4's Success At The Box Office The Studios Are Still Down From Last Year
According to a report from the Los Angeles Times, Toy Story 4 and Child's Play were the winners at the box office this weekend, ending a three-week decrease in box office numbers. However, in spite of the aforementioned films' success, the numbers are still below last year claims the LA Times.
Estimates from Comscore had Toy Story 4 raking in an estimated $140-$150 million, however, Toy Story 4 only made approximately $118,000,000. Globally, the film earned $238 million around the world, taking in an estimated $120 million at international box offices.
While Toy Story 4 didn't do as well as industry insiders had hoped, Cathleen Taff, the distribution chief of the studio, said the film had a "huge debut," and that it was the "third biggest opening of the year." Cathleen commented on the love for the Toy Story characters.
Toy Story 4 grossed $30,000,000 less than the Jurassic World film, Jurassic World: Fallen Kingdom , from 2018. It was the number one movie at the same time last year. The LA Times reported the year-to-date comparison, thus far, between 2018 and 2019 is down 8.9%.
With Josh Cooley sitting in the director's chair, Toy Story 4 cost $175 million to $200,000,000 to create and it was loved by industry critics and audiences alike. Thus far, the movie has an 'A' grade on Cinemascore, which ranks moviegoers opinions, as well as a 98% rating on Rotten Tomatoes.
The first Toy Story film, released twenty-four years ago in 1995, opened with a $29,000,00 opening and went on to accrue $373,000,000 worldwide. Toy Story continued its reign of popularity with the next installments, including 1999's Toy Story 2 as well as 2010's Toy Story 3.
Child's Play was in second place this weekend, opening with $14,000,000 in total, just $2 million below estimates. It was reported yesterday that Mark Hamill, most famous for starring as Luke Skywalker in the Star Wars franchise, voiced the killer doll.
Despite the fact Child's Play performed reasonably well at the box office, its reviews weren't quite as strong. While major studios were able to score a win at the box offices this week, the trend downward is a sign of change in how consumers view their content.
Some industry experts believe the time for studios to shine in traditional theaters and in the box office is coming to a gradual close, as streaming technology increases in popularity, as are home theater systems.