In the wake of “Barbenheimer”, many are hoping Hollywood will draw a lesson other than greenlighting more toy adaptations and the inevitable Barbie sequel.
“Everyone came out this weekend for two ORIGINAL, smart, quality movies,” wrote Clare Binns, managing director of indie distributor Picturehouse, on Twitter. “It’s what audiences want. Reboots, superheroes and films with bloated budgets that often cover a lack of ideas – time to take stock. No algorithms this weekend.”
Lately, some of the movies’ biggest franchises have shown signs of wear and tear.
Indiana Jones And The Dial Of Destiny, coming 42 years after Raiders Of The Lost Ark, has failed to ignite in theatres. It’s made US$335 million worldwide with a budget more than double that of Barbie, which cost US$145 million.
The 10th Fast And The Furious movie, Fast X, was a dud domestically, though international sales have been robust. In three days, Barbie already surpassed its total North American haul of US$145.9 million.
The seventh Mission: Impossible film, Dead Reckoning Part One, fell shy of expectations before getting blown away by “Barbenheimer.” It declined 64 per cent in its second weekend.
Meanwhile, recent Marvel films and DC movies haven’t approached the kinds of grosses once assured of comic-book adaptations. Marvel's Guardians Of The Galaxy Vol. 3, with US$843 million worldwide, has been a big seller but movies like Ant-Man And The Wasp: Quantumania and The Flash have fallen well shy of expectations.
The nostalgia business isn’t going anywhere, nor is Hollywood’s dependence on remakes and sequels. In last year’s top 10 films at the box office, one movie was a reboot (The Batman) and the rest were sequels.
But such overdependence on more-of-the-same was sure to run out of steam one day – and this year’s best performers are coming from some new places.
The Super Mario Bros Movie (US$1.3 billion worldwide) isn’t anyone’s idea of cutting-edge cinema but it reflects Hollywood’s new embrace of the giant gaming industry.
The year’s second-biggest hit, Spider-Man: Across The Spider-Verse (US$375.2 million domestically) is yet one more Spider-Man movie. But it and its predecessor,“Into The Spider-Verse, are hellbent on upending comic-book convention and expanding the notion of who can be a superhero.
Originality can be riskier for studios, but the payoff can be immense – just ask James Cameron. His reigning franchise goliath, Avatar, reached US$2.3 billion with Avatar: The Way Of Water, a futuristic, sci-fi epic that essentially created its own IP.
What else is working? Movies that appeal to audiences that have historically been underserved. Creed III, starring Michael B Jordan, blew past expectations in March and ended up with more than US$275 million globally on a US$75 million budget. Sound Of Freedom, from the faith-based distributor Angel Studios, has made US$124 million in three weeks – though its distributor is using an unusual “Pay it Forward” purchasing programme.
And of course, horror remains the easiest money. Insidious: The Red Door is just the latest in long, bloody line of low-budget, high-performance Blumhouse titles. It's made US$156 million worldwide on a US$16 million budget.
Barbie and Oppenheimer are widely expected to play strongly for weeks. They've reminded everyone of the limitless cultural potency of the movies. When stars, marketing muscle and filmmaking vision collide, anything can happen. And, sure, it doesn't hurt when their names make a funny smushed-together nickname.
Whether that momentum will dissipate in the waning weeks of the summer will be left up to a series of releases – Teenage Mutant Ninja Turtles: Mutant Mayhem, Haunted Mansion, Gran Turismo, Strays, Blue Beetle – that may struggle to keep the spark alive. Meanwhile, the ongoing strike by actors and screenwriters has begun to play havoc with the fall movie schedule. Hollywood remains locked in battle over its future.
Since the pandemic, studios and theatre owners have tried various ways to bring back moviegoers to cinemas after the rush to streaming platforms – everything from Tom Cruise jumping off a cliff to US$3 tickets for a day. But it could be that what moviegoers are most craving is the chance to see something new.
Mark Harris, author of the Hollywood history Pictures At A Revolution: Five Movies And The Birth Of The New Hollywood, believes a developing shift has “become undeniable”.
“In Pictures At A Revolution I wrote that an unexpected big hit is much more disruptive to the Hollywood system than a big flop is,” Harris wrote on Twitter. "That’s where we are: TWO surprise smashes that suggest you get people back to the movies by giving them what they haven’t seen, not what they have."