We are currently heading into the second week of It’s theatrical run and it looks to be like there will be little to slow it down. Between the critical and audience success what could this mean for the future long and short term of the film scene? Today I’m going to throw my two cents forward and see if any of it pans out. So, without further ado let’s dig in.
This is probably the most obvious of all things being considered. It only covered about half of the original novel and the follow-up hinged on the success of part one. Director Andy Muschietti has already stated that the script is coming together and they’re hoping to start shooting next spring. In the meantime there has been speculation of which actors will play the adult iteration of The Losers Club. This itself could be a huge win or lose for the film. As most readers and anyone who has seen the 1990 miniseries know the latter half of the story isn’t quite up to par with the first. Finding the right actors for the respective roles will be a big hurdle the filmmakers need to clear. Fingers crossed everyone will measure up to the fine performances the kids gave in Chapter one.
-Stephen King Remakes/Adaptations-
It has been a mixed year for Stephen King on the big screen. While It proved to be a hit The Dark Tower landed with a bit of thud a little over a month ago. King’s works have always been ripe for adapting to the big screen, but this hit will guarantee stalled productions are going to move forward ASAP. There has been rumblings of Cujo and Pet Sematary getting updates and odds are last week meetings were held about getting them in front of the camera right away. As well there are quite a few other stories that King has written. Odds are they’ll soon get optioned and head into production. So, let the avalanche of Stephen King films begin.
A major rule in Hollywood is that horror films are one of the safest bets at the box office. They’re made cheap and can translate across most cultures. With It bringing in record numbers for horror/an R rated film/and a September release studios are going to take note. Any upcoming horror film will look at It’s marketing campaign and step up their game. Blumhouse has been working hard to make sure our local multiplexes are well stocked with decent horror and The Conjuring Universe doesn’t seem to be slowing down anytime soon. But to find another horror film that will do as big of numbers as It remains to be seen.
-Resurgence of the R Rating-
R rated films are still getting made, but there has been a rather sharp decline in their numbers. The PG-13 rating is far more profitable as it opens a film up to a wider demographic. It’s a simple fact that teenagers tend to have disposable income and are not likely to check reviews before purchasing a ticket. If The Bye Bye Man had an R rating odds are it wouldn’t have made nearly as much money as it did last January. And with DVD and blu-ray giving filmmakers a way to release a “harder” cut of their respective films it allows studios to appease filmmakers and double dip into consumer’s pockets. But with an R rated film being at the top of the box office for two weeks in a row studios might be more willing to let films get R ratings instead of cutting a scene or two to get that PG-13 rating from the MPAA.
-More Mid-Budget Films-
This is my biggest wish from It’s success. As of now a there is a huge gap that seems to widen every year with the films released. Either studios will craft blockbusters that have robust budgets somewhere in the area of 100-250 million dollars. Or they will go the polar opposite and make micro budget films with budgets between 1.5-10 million dollars. The idea is that blockbusters will be crowd pleasers pulling in 800 million to a billion plus in box office grosses. Whereas the low budget films are such small bets that if ten are made only one or two of them have to be hits in order to justify all ten getting made. In the meantime films with budgets between 20-80 million dollars are a dying breed. It’s hard to justify the budget when you tack on the marketing budget which can often cost nearly as much as the film being made. On a thirty-five million dollar budget It burst out of the gate and became a bona fide success. With a few mid-budget films being successes in recent years (i.e. Straight Outta Compton grossed 201 million against a 50 million dollar budget. Deadpool grossed 783 million against a 58 million dollar budget.) there is a chance that studios might understand that if a film is based off a property with recognition amongst most filmgoers they’d be willing to make films with these budgets. This would give filmmakers a chance to have a bit more money to make their films and give them a little more edge. On the plus side for studios, it would not be a large risk financially to make these films. Fun Fact: It, Straight Outta Compton, and Deadpool were all R rated. A little creative freedom within a reasonable budget could be a win-win for everyone involved.
These are my thoughts, but as usual what are yours? Do you think It’s success was deserved, or were you letdown? Are you looking forward to seeing more of Stephen King’s stories getting adapted to the big screen? Are there any of his stories that you would like to see get a remake? Do you think we’re in a golden age for horror films? Who would you cast as the adult version of The Loser’s Club? Let me know. Remember you can follow me on Twitter and Instagram @sdfilmthoughts. As always, thanks for reading.