Happy Monday, I guess. Thanks to everyone to stopped by the Watch Party. We watched American Ninja 2: The Confrontation, which is the one with the (none too impressive) genetically modified super ninjas. As with most of ’80s Cannon fare, it was quite dumb and quite fun. Next Watch Party is a week from Friday.
Speaking of, Christmas is two weeks from today. Crazy!
Remember when the Japanese auto industry started competing with the American auto industry and forced the latter to stop producing overpriced junk? Well, the number one movie at the box office this week was Miyazaki’s Boy and the Heron, and the number three film at the American box office was the Japanese-language only Godzilla Minus One. Due to the latter’s super cheap budget it will probably achieve the breakeven point just from the American release.
Budget’s a big deal. This year, only one (!) film with a budget of $200 million or more has made a profit. This isn’t just superhero stuff, as artier movies like Killing of the Flower Moon and Napoleon also had $200 million budgets. Bad idea. Admittedly, the fluke success of Oppenheimer means it would have made a lot of money even with a similar budget. However, it was all the more profitable with a comparative modest $100 million budget.
Disney in particular has lost well over a billion dollars at the box office this year due to films like Indiana Jones and the Dial of Destiny, The Marvels and Wish. Admittedly, Boy and the Heron and Godzilla Minus One aren’t going to make hundreds of millions of dollars, but they will return a multiple of their production budgets. Also, you know, they are great films that people will fondly remember all their lives.
We might be heading back to the ’70s, when there will be a mix of moderately expensive ‘blockbuster’ films and more mid and low budget fare in theaters (assuming theaters survive the transition.) This is all to the good, obviously.