The Lionsgate studio managed to achieve global success when it released the films of the franchise Hunger Games. The problem is that in the recent history of the producer, productions already considered failures have accumulated due to poor attendance, as demonstrated by a report Variety.
Lionsgate’s bet has focused on releasing a series of comedies, dramas and horror films in 2024, trying to fill the gaps left by the major film studios, which have cut these productions.
However, films like “Borderlands” and “Megalopolis” failed at the box office, resulting in a run of seven releases without significant box office success between August and October.
Lionsgate’s seven consecutive box office failures
While Lionsgate maintains controlled budgets and sells international rights to mitigate losses, the recent set of failures could be troubling.
You don’t have to go that far to remember a successful film from the studio. Last year, the conclusion of another popular and acclaimed franchise was very well received: “John Wick: Chapter 4”, had great numbers, which gives a much greater contrast if we look at the current situation.
Even so, Lionsgate is praised for targeting specific audiences, such as religious people and minorities, with hit films like “Unsung Hero.”
Lionsgate shares are down more than 30% over the past year, and the studio is preparing to split from the Starz network. Future releases, including a Michael Jackson biopic and a new “Hunger Games” movie, could lead to the revival.
However, the difficult context of the film market affects not only Lionsgate, but also other studios such as Warner Bros. and Universal, which are faced with significant box office failures.
The post Studio That Made “The Hunger Games” Picks Up Box Office Failures appeared first on Olhar Digital.
Source: Olhar Digital
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
