North America's box office has suffered its worst monthly total since the late 1990s, with October earnings plummeting to $425 million. This dismal figure is a far cry from previous years, with only the COVID-19 pandemic in 2020 managing to scrape together a mere $63 million.
The lack of big-budget blockbusters is often cited as a major contributor to this decline. The latest effects movie, Tron: Ares, failed to impress, grossing just $67 million domestically and a paltry $133 million worldwide on an estimated budget of $180 million. Notable "awards season" films such as Dwayne Johnson's wrestling drama, Julia Roberts' #MeToo thriller, and music biopic Springsteen: Deliver Me from Nowhere also fell short of expectations.
Horror movies, which are typically a surefire hit in October, also failed to deliver this year. The lead horror release of the season, Black Phone 2, managed an underwhelming $8 million over Halloween weekend, while another highly anticipated film, Shelby Oaks, grossed a mere $770,000 from its wide theatrical release.
The poor box office performance was compounded by other factors, including the timing of the Halloween holiday and baseball's World Series. Cinemagoers were likely distracted by the baseball finale on November 2nd, which may have contributed to the lackluster weekend numbers.
According to analyst Jeff Bock of Exhibitor Relations, "The major releases this month failed to deliver." He attributes the poor performance to the absence of compelling horror movies, stating that a successful horror release should be a "no-brainer."
However, one film did buck the trend: Taylor Swift's The Official Release Party of a Showgirl. Despite only having one weekend in theaters, it took in $34 million between October 3rd and 5th, demonstrating that even low-budget releases can find success with savvy marketing.
The lack of big-budget blockbusters is often cited as a major contributor to this decline. The latest effects movie, Tron: Ares, failed to impress, grossing just $67 million domestically and a paltry $133 million worldwide on an estimated budget of $180 million. Notable "awards season" films such as Dwayne Johnson's wrestling drama, Julia Roberts' #MeToo thriller, and music biopic Springsteen: Deliver Me from Nowhere also fell short of expectations.
Horror movies, which are typically a surefire hit in October, also failed to deliver this year. The lead horror release of the season, Black Phone 2, managed an underwhelming $8 million over Halloween weekend, while another highly anticipated film, Shelby Oaks, grossed a mere $770,000 from its wide theatrical release.
The poor box office performance was compounded by other factors, including the timing of the Halloween holiday and baseball's World Series. Cinemagoers were likely distracted by the baseball finale on November 2nd, which may have contributed to the lackluster weekend numbers.
According to analyst Jeff Bock of Exhibitor Relations, "The major releases this month failed to deliver." He attributes the poor performance to the absence of compelling horror movies, stating that a successful horror release should be a "no-brainer."
However, one film did buck the trend: Taylor Swift's The Official Release Party of a Showgirl. Despite only having one weekend in theaters, it took in $34 million between October 3rd and 5th, demonstrating that even low-budget releases can find success with savvy marketing.