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‘Beetlejuice Beetlejuice’ Hands Warner Bros. a Lifeline

The movie has made roughly $190 million in its first 10 days, giving the studio a needed hit after a summer of misfires.

Warner Bros. managed only a 4.7 percent share of domestic movie-ticket sales over the summer. By that measure, it was Warner’s worst performance since analysts started to compile seasonal box office data in 1982.

A haze of despair had settled over the studio by mid-August. Warner Bros. Discovery, the studio’s parent company, had announced yet another round of layoffs. Then it botched the renewal of a crucial television rights deal with the National Basketball Association, prompting investors to flee. Shares were trading in the $6 range, down 90 percent from March 2021.

So the horror comedy “Beetlejuice Beetlejuice,” which arrived in theaters from Warner on Sept. 6, in some ways became a flash referendum on the studio’s future. Some people in Hollywood were starting to wonder aloud if there would even be one, at least without a merger with a competitor.

Talk about the undead: “Beetlejuice Beetlejuice” collected $111 million in its first weekend in North America, one of the best results on record for September. The PG-13 sequel, directed by Tim Burton, has now been No. 1 for two weeks in a row. It took in another $52 million over the weekend, for a 10-day domestic total of roughly $190 million.

Worldwide ticket sales will total about $250 million through Sunday, according to box office analysts. The film cost $99 million to make.

“Dancing in the hallways, smiles on faces,” said Michael De Luca, one of Warner’s top film executives. “There is really nothing better for morale than a hit.”

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Source: Movies - nytimes.com


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