“People are catching up on films,” is how one arthouse executive described the current moment in specialty, which echoes the slowdown in studio wide releases.August can be slow ahead of a trio of festivals – Venice, Toronto, New York – and a ramp up to awards season.
It can also offer an less obstructed runway for specialty films to cross over (Gwyneth Paltrow in Emma). This summer has been slow, but strong word of mouth has boosted select films.
Warner Bros.’ Elvis for one, is at $143 million, pushing five times what it made opening weekend. Focus Features’ Mrs.
Harris Goes To Paris opened at $2 million but will cross $10 million. RRR is a phenomenon, passing $11M.
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