Into The Cineverse With ‘Terrifier 3’s Distributor: How A Six-Figure Investment Turned Into Tens Of Millions In Box Office
deadline.comAs Smile 2 takes over the top spot at the box office this weekend, it is starting to sink in across the industry that defending champ Terrifier 3 has already racked up almost $30 million since its October 11 debut.
After dealing an embarrassing blow to exponentially pricier rival Joker: Folie à Deux, the threequel’s economic model has put it on course to deliver a level of profit that is, well, terrifying.
Cineverse, the film’s distributor, says it put just $500,000 into marketing and promotion for the release. Additional costs to acquire rights were covered by a loan of up to $3.666 million, which was collateralized by the breakout success of Terrifier 2 and the outlook for the latest installment.
The lender will receive 15% of royalties once they come in across the full waterfall, up to a cap of about $6.4 million. As to the final production budget, writer-director Damien Leone and producer Phil Falcone have said it ended up in the low-single-digit millions.
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