Despite initial claims back in mid-July when Paul Feig’s Ghostbusters reboot debuted to $46 million at the domestic box office that a sequel was a given, it now looks like Sony Pictures will not be moving ahead with a follow-up after all.
As of August 7, Ghostbusters had earned just under $180 million at the global box office, including $117 million earned domestically. While the film has yet to open in a few foreign markets, box office analysts predict that it will have a hard time getting to even $225 million, which is a problem when the studio has said that it would have to make at least $300 million just to break even.
According to The Hollywood Reporter, Feig’s female star-driven Ghostbusters will suffer a loss of at least $70 million, though Sony has both denied this figure, arguing that it doesn’t account for “multiple revenue streams, including consumer products, gaming, location-based entertainment, continued international rollout, and huge third-party promotional partnerships that mitigated costs.” The studio has also not yet admitted that a sequel is off the table. That being said, it’s telling that a studio rep has claimed that they are actively pursuing an animated Ghostbusters feature with plans for a 2019 release, as well as an animated TV series, Ghostbusters: Echo Force, due out sometime in early 2018.
“Ghostbusters is on ice until further notice,” says box-office analyst Jeff Bock. “I just can’t fathom the creative talents behind it — Feig, McCarthy, Wiig, etc. — slogging out another one when the reception to the first one was so mediocre.”
Well, this must be cause for celebration for all of the Ghostbros who came out of the woodwork to bemoan the reboot as some sort of attack on their childhoods. It’s a shame really, as Feig’s film is actually better than it has any right to be and is one of the funnier films of the year. It would have been nice to see the director and his cast take another run at it and really try to differentiate the sequel a bit more from Ivan Reitman’s original film. Considering how abysmal this year has been for blockbuster movies in terms of quality and box office returns all around though, it’s really no surprise to learn that Ghostbusters is yet another casualty of Hollywood’s brand recycling.
(Source: The Hollywood Reporter)