Kevin Costner mortgaged one of his properties to finance ‘Horizon’ but movie flops

A Quiet Place: Day One “It’s making waves at the box office. The film grossed an estimated $53 million in its first weekend in North American theaters, according to studio estimates Sunday.

It’s a much better franchise and a much bigger one than expected. Heading into the weekend, Day One was expected to hit $40 million, but audiences were clearly more excited to see the Lupita Nyong’o and Joseph Quinn-starring horror thriller released by Paramount. The same can’t be said for Kevin Costner’s film. Horizon: An American Epic – Chapter One“, which opened to $11 million.

However, “Quiet Place’s” win wasn’t enough to snatch the coveted No. 1 spot on the charts. That honor once again went to Disney and Pixar’s ” Inside out 2“, which added an estimated $57.4 million in revenue. Third weekend in theatersIts value exceeded one billion dollars worldwide.

There is a remote possibility that places will change when the actual data is released on Monday. But either way, it’s good news for movie theaters in a summer season that’s finally heating up but still lagging far behind last year (down 19%) and pre-pandemic standards (down 36% from 2019).

“Inside Out 2” continues to be a box office phenomenon, something the industry hasn’t seen since “Barbie” nearly a year ago. In just three weeks of its release, it has grossed nearly $470 million in North America and $545.5 million internationally, bringing its worldwide total to $1.01 billion. The sequel is the only film released in 2024 to cross the $1 billion mark, and it did so in just 19 days, a record for an animated film.

“The film’s incredible global success demonstrates once again that audiences around the world will respond to engaging, entertaining films, and that they want to enjoy them on the big screen,” said Michael O’Leary, president and CEO of the National Theatre Association, in a statement.

“A Quiet Place: Day One,” directed by Michael Sarnoski and rated PG-13, is also fast approaching a significant milestone out of the gates. Including $45.5 million from international screenings in 59 markets, the $67 million production has already grossed $98.5 million.

“There’s a lot of love for the A Quiet Place franchise,” said Chris Aronson, Paramount’s president of domestic distribution. “We’ve listened to the fans who wanted to expand the universe.”

In a rare feat for a third film, it opened higher than A Quiet Place ($50.2 million, opened April 2018), A Quiet Place ($50.2 million, opened April 2018) and A Quiet Place. A Quiet Place: Part Two ” ($47.5 million opening May 2021). John Krasinskiwho wrote and directed the first two, continues to serve as producer.

“It’s one of those rare horror franchises that has built an incredible reputation with audiences and critics alike,” said Paul Dergarabedian, senior media analyst at ComScore.

The film opened on 3,708 screens in the United States and Canada, with approximately 40% of its domestic earnings coming from “premium screens” including IMAX and other large formats. The film entered the market with mostly positive reviews (84% on Rotten Tomatoes); Audiences gave it a B+ CinemaScore and four stars out of five on PostTrak.

“We’ve put together a compelling package but I also think it shows that people want to go to the movies,” Aronson said. “The market really works when there’s choice and there’s something for everyone.”

Meanwhile, “Horizon” got off to a slow start. Although older audiences, the ones more likely to support Western epics, don’t usually rush out to see films on opening weekend the way people normally do to watch horror and superhero films, the road ahead won’t be easy: reviews have declined. It wasn’t great The film received a disappointing B- rating from CinemaScore.

The stakes are also a little different for “Horizon,” a $100 million production that Costner himself financed and partnered with Warner Bros. to distribute. It opened in 3,334 locations. It was a decades-old passion project that he mortgaged a property in Santa Barbara, California to finance and drove out of Yellowstone to complete the project. In a bold and unconventional strategy, “Chapter Two” hits theaters later this summer, on August 16. He also has plans for two more films.

“The Western genre is a very specific genre,” Dergarabedian said. “This will be a film about the long game.”

A quick look at the top 10 shows that audiences largely prefer franchises and “known merch” over the original. “Bad Boys: Ride or Die” is right behind “Horizon” on the charts, and has been in theaters for four weeks already.

“The audience in the summer wants what is tried and true, and they want what is familiar,” Dergarabedian said.

He was also impressed by the diversity of genres in the top 10, including two Indian films: Telugu-language sci-fi film “Kalki 2898 AD” at No. 5 with $5.4 million, and Punjabi-language “Jatt & Julian 3” at No. 9 with $1.5 million.

“If you can’t find something that appeals to you in the movie theater now, you’re not looking hard enough,” Dergarabedian said.

Estimated ticket sales Friday through Sunday in U.S. and Canadian theaters, according to Comscore. Final domestic numbers will be released Monday.

1. “Inside Out 2” grossed $57.4 million.

2. “A Quiet Place: Day One” with revenues of $53 million.

3. The film “Horizon: An American Epic – Chapter One” with revenues amounting to $11 million.

4. “Bad Boys: Ride or Die,” $10.3 million.

5. “Kalki 2898 AD” $5.4 million.

6. The Bikeriders, $3.3 million.

7. “The Garfield Movie,” $2 million.

8. “Kingdom of the Planet of the Apes” $168.1 million.

9. “Jatt and Juliet 3,” $1.5 million.

10. “Kinds of Kindness” $1.5 million.

CostnerFinanceflopsHorizonKevinmortgagedmovieproperties
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