It was all about sequels in '24 - Deadpool, Godzilla, Inside Out 2 and others accounted for nine of the top ten grossers with Wicked being the only non-sequel to make it into the top ten.
Call them sequels, follow-ups, spinoffs, or offshoots 2024 stands in stark contrast to 2023 when the big bankers were Barbie, Super Mario Bros., and Oppenheimer - all non-sequels.
Disney, Universal, and Warner Bros. took credit for the top 2024 grossers, unfortunately the entire movie business has yet to fully recover from COVID and last year's industry strikes, and work stoppages took their toll. There were just not enough titles on exhibitors' marquees in '24. One bright spot was that both Apple and Amazon began to release films in cinemas as a way to bring attention to their streaming businesses. But the jury is still out on this tactic as the streamers need to produce quality films that people will pay to watch on the big screen.
2024 Studio Recaps
Disney: After a dismal 2023, Disney had a great comeback in '24, with three-billion-dollar blockbusters: Inside Out 2 ($1.7b), Deadpool & Wolverine ($1.4b), and Moana 2 ($1.0b).
Paramount: Although not boasting any billion-dollar hits, Gladiator II earned over $400 million, and Sonic the Hedgehog 3 should be one of the top gainers during this Christmas season. Additionally, a number of very low budget films grossed very well, including Mean Girls ($140 million on a $36 million budget), and Smile 2 ($137 million on a $28 million budget).
Sony: Not a great year for this studio. Its hits were Garfield ($257 million), Bad Boys ($404 million), Venom ($468 million), and It Ends with Us ($350 million). Sony had no big hits in 2024.
Universal: The bright spot for this studio was making musicals popular again. Although it had no blockbusters, its films did set the stage for follow-ups. Wicked ($525 million), Despicable Me 4 ($969 million), Kung Fu Panda ($547 million), and Wild Robot ($321 million).
Warner Bros.: Landed a few hits: Dune 2 ($714 million), Godzilla x Kong ($571 million), and Beetlejuice Beetlejuice ($457 million) otherwise its releases were lackluster if not out-right bombs: Furiosa ($173 million), and Horizon ($36 million) were but two examples.
Amazon MGM: testing the waters for films released first to the silver screen Amazon scored very well. The Beekeeper ($150 million) and other releases had solid returns given their very low production costs. Their big bomb was Red One, the Christmas action film which cost $250 million and will gross only $150 million.
Apple: Well, Apple may want to stick to making PCs and phones because, thus far, their movie making has had dismal results. For example, the star-studded Argylle grossed only $96 million and Fly Me to The Moon only $42 million. Apple needs to think through what kind of product it needs to produce for moviegoers and it's not all about filling your films with A-listers. With mega-bucks to spend Apple will stay in the fight.
Lionsgate: To say this studio had a bad year is an understatement. No film released by Lionsgate made any real dollars. None of its releases grossed over $35 million - '24 was a disaster.
We're all expecting 2025 to be a lot better at the box office than this year. We need to get back to the pre-pandemic admission levels and to get there we need, not only, more releases but releases that moviegoers want to view on the big screen
By: Jim Lavorato