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Eric Atreides

Best Picture Winner Parasite l October 11, 2019 (limited) l Neon l Palme d'Or winner from Bong Joon-ho

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https://deadline.com/2020/02/oscar-best-picture-parasite-1917-box-office-boost-1202855398/

 

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Box office sources believe that if U.S. distributor NEON spends more on ads (and they have every reason to), the final domestic tally for Parasite has a shot of surging 25% following tonight’s win, becoming potentially the 4th highest grossing foreign-language film of all-time, overtaking Eugenio Derbez’s Instructions Not Included ($44.4M), and filing behind Sony Pictures Classics’ 4x Oscar winner Crouching Tiger, Miramax’s 3x Oscar winner Life Is Beautiful ($57.2M)and Miramax’s Hero ($53.7M).

 

 

Parasite is currently booked at 1,060 runs in 174 markets, and grossed $1.5M over this weekend for a total today of $35.4M. Since Oscar noms were announced on Jan. 13, Parasite has surged 39% in its total cume since noms making a solid $10M over that period. Parasite has passed Miramax’s top grossing French film Amelie ($33.2M) and should soon overtake Guillermo del Toro’s Pan’s Labyrinth ($37.6M) which is currently the fifth highest foreign language film of all-time at the domestic B.O.

 

The pic, fueled by its critical momentum and the growing fanbase of Joon Ho, has become an anomaly for a foreign pic at the B.O., feasibly becoming the highest grossing South Korea release of all-time stateside. Parasite became the highest grossing Palme D’Or winner in France and North America in 15 years since the release of Michael Moore’s Fahrenheit 9/11 in 2004 ($119.1M domestic, $222.4M worldwide). Prior to Parsite, Joon Ho made the $70M feature Okja for Netflix, which got a world premiere at Cannes in 2017. The explosion of Parasite at the B.O. further underscores the power of specialty films on the big screen, both commercially and culturally, as streamers invade the space.

 

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I would like to think that 50 million in US is locked, but remember, film is already out on DVD/BluRey and all digital platforms. I can see it grossing 2-3 million next weekend, depending on expansion and then dropping slowly. My predicted US total is around 44 million $. WW... Hmmm... Japan seems to be helping a lot, and UK - I have no idea how will it play there. It shouldn’t gross under 185-190 million $ internationally. 

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Green Book a week before its Best Picture win and a month post that it added $14.5mn post $1.8mn weekend before Oscar win.

Feb 15-21 10 $4,512,285 -11% 1,650 - $2,734 $67,517,686 14
Feb 22-28 10 $3,691,925 -18.2% 1,253 -397 $2,946 $71,209,611 15
Mar 1-7 5 $6,442,260 +74.5% 2,641 +1,388 $2,439 $77,651,871 16
Mar 8-14 6 $3,691,160 -42.7% 2,097 -544 $1,760 $81,343,031 17
Mar 15-21 10 $1,936,925 -47.5% 1,320 -777 $1,467 $83,279,956 18
Mar 22-28 14 $938,580 -51.5% 841 -479 $1,116 $84,218,536 19

 

Parasite grossed $2.2mn last week, roughly half Green Book (President Day Week also 14th week not 17). Weekend will be $1.55mn, almost 80% of Green Book. Can it add $12mn to $47mn range closing.

Jan 31-Feb 6 14 $2,203,002 -22.2% 1,060 - $2,078 $33,972,282 17
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