What's Happening?
'The Conjuring: Last Rites,' directed by Michael Chaves, has set a new record for the biggest global opening of a horror film, surpassing previous records held by 'It' and 'It: Chapter Two.' The film, part of Warner Bros. and New Line's paranormal franchise, earned $194 million worldwide in its first weekend, with $110 million from international markets and $84 million domestically. This marks the ninth entry in the 'Conjuring' series, which stars Patrick Wilson and Vera Farmiga as paranormal investigators Ed and Lorraine Warren. The franchise, created by James Wan and produced by Peter Safran, is the highest-grossing horror franchise in history, with over $2.3 billion in earnings.
Why It's Important?
The success of 'The Conjuring: Last Rites' underscores the enduring popularity of horror films and the 'Conjuring' franchise. It highlights Warner Bros.' ability to produce commercially successful films, contributing to the studio's streak of seven consecutive films opening above $40 million. This achievement is significant for the film industry, as it demonstrates the potential for horror films to achieve blockbuster status, influencing future productions and marketing strategies. The film's success also reflects the audience's continued interest in supernatural themes and established franchises.
What's Next?
Following the record-breaking opening, Warner Bros. may continue to invest in the 'Conjuring' franchise, potentially exploring new sequels or spin-offs. The film's success could lead to increased interest in horror films, prompting other studios to develop similar projects. Additionally, the positive reception may encourage Warner Bros. to maintain its strategy of releasing high-budget horror films, capitalizing on the genre's profitability.
