2015’s Goosebumps movie, based on the legendary series of children’s horror books by R.L. Stine, received a largely positive critical reaction and enjoyed mild success at the box office (it earned a worldwide sum of $$150.17 million against a production budget of $58 million). While it didn’t make as big of a splash as some folks may have liked, there remains a large and devoted fanbase who cite R.L. Stine’s work as one of the inspirations that got them into the horror genre when they were youngsters. According to today’s news, we will soon see much more of Stine’s literary work on the big screen in the near future!
What do four of the six highest grossing major film studios of 2016 have in common? They each released a horror film that made enough money to compensate for another big budget box office flop on their roster.
Hollywood accounting is “creative” to say the least, but the general rule of thumb is that a tentpole film needs to earn two times its estimated budget worldwide in order to outweigh production and marketing expenses and begin to make money.
According to Box Office Mojo, Sony’s The Magnificent Seven earned approximately $160.4 million on an estimated budget of $90 million. Ghostbusters (2016) earned approximately $229 million on an estimated budget of $144 million. read more