Final Global Box Office and the likehood of a Sequal?

[BishopShouldGo]

In the words of Jackson, "Good luck with that".

[echobbase79]

I'd say the film has one more week in US theaters before showings will drop to about a couple a day. It will gone in two.

[𝔗𝔥𝔢 𝔈𝔦𝔤𝔥𝔱𝔥 𝔓𝔞𝔰𝔰𝔢𝔫𝔤𝔢𝔯]

Real bunch of party poopers around here. Tajikistan's numbers aren't even in yet. We may yet get our six sequels/prequels/in-between-quels. 

[Ingwar]

As I wrote before, franchise is dead but only for now.

Movie business is a long-term investment. Studios are like casinos. At the end of the day they always win. Covenant might be a flop at theatres but eventually it will make money. DVD/Blu-Ray, streaming, television and so on. Plus it's franchise film which means that people who aren't initiated in Alien universe might do it. They will watch Alien, Aliens and so on. Money will flow.

[𝔗𝔥𝔢 𝔈𝔦𝔤𝔥𝔱𝔥 𝔓𝔞𝔰𝔰𝔢𝔫𝔤𝔢𝔯]

Sure, but the trick is convincing your shareholders and co-financiers that they should finance a new Alien film that will likely only see returns on their investment in several years time. There's much more lucrative IP's and franchises to put one's money in where one can get quick returns.

The only way out of the current situation is to either drastically cut your budget to around $60 million (or below) or go PG-13. The last option is not really desirable but both Scott and Blomkamp can still do wonders with very little money.

[skhellter]

Reboot incoming.



Just let Alex Garland handle it.
Natalie Portman to star.

[Ingwar]

The only way out of the current situation is to either drastically cut your budget to around $60 million (or below) or go PG-13. The last option is not really desirable but both Scott and Blomkamp can still do wonders with very little money.

Scott is not interested in doing that with cut budget and PG-13 and Blomkpamp? ... Covenant killed his project.

[Prof. a]

There is a lot of doom and gloom on the boards but there are some over-exaggerated reactions to the box office. According to box office sources (such as Box Office Mojo), the film has a worldwide total of 160 million. While this is not a tremendous success, if it reaches the 180 million mark, that would be in break-even territory. It is rare for films to triple or quadruple its production budget.

While Chinese box office receipts are not very helpful (American firms recoup only 25% of the box office in China), they will add to the total.

I see that many people are blaming Fox, Fassbender, Scott, or whoever for not meeting financial expectations. However, that ignores box office trends for the last several years. Only a handful of films generate most of the box office revenue today. Most movies account for only a small minority of the box office tickets sold. Prices have been rising (including 3D add-ons) while American movie attendance has been declining or flatlining for over a decade. These are major movie business trends that are affecting the industry at large - Alien: Covenant is only one example of a larger issue in film economics. This is not specific to this movie - the industry and business is undergoing massive changes and will have to evolve within the next decade or so.

[BonesawT101]

I definitely see a sequel getting made. Albeit with a smaller budget again.

[Darth Vile]

Sure, but the trick is convincing your shareholders and co-financiers that they should finance a new Alien film that will likely only see returns on their investment in several years time. There's much more lucrative IP's and franchises to put one's money in where one can get quick returns.

The only way out of the current situation is to either drastically cut your budget to around $60 million (or below) or go PG-13. The last option is not really desirable but both Scott and Blomkamp can still do wonders with very little money.

However, we shouldn't underestimate the studios desire to keep a franchise alive, regardless of relative box office returns. Covenant has done enough to justify a sequel. It will return a profit... be it in 6 months or 2 years... Fox get to have a film in the No.1 position, albeit briefly, their stock rises and the film itself fuels interest in all the ancillary material and media... everything from game licenses to audio books etc. etc.

[𝔗𝔥𝔢 𝔈𝔦𝔤𝔥𝔱𝔥 𝔓𝔞𝔰𝔰𝔢𝔫𝔤𝔢𝔯]

The only way out of the current situation is to either drastically cut your budget to around $60 million (or below) or go PG-13. The last option is not really desirable but both Scott and Blomkamp can still do wonders with very little money.

Scott is not interested in doing that with cut budget and PG-13 and Blomkpamp? ... Covenant killed his project.

Scott did Alien on what? $30 to 40 million (adjusted for inflation). He's not adverse to going low/mid-budget,  A Good Year ($35 mil), The Counselor ($25 mil), Body of Lies ($70 mil) etc. Has he said anywhere that he won't do a medium budget Alien film?

Blomkamp won't do PG-13 Aliens but he won't need to with a budget below $60 million.

[KikReask]

It's definitely not the number Fox wants to see, I'm sure we'll get at least one more sequel, but I doubt we'll get all of the three films Scott wants to make after Covenant. It still made more than it's relatively low budget, but so far it's a hell of a lot less than the equally mixed received Prometheus made.

Best case scenario, Ridley gets to tell this story to it's full conclusion, worst case scenario, Fox will think that what the fans really want is that Alien 5 film they cancelled. And I can do without another semi reboot that tries too hard to please the older fanboys, I've already seen The Farce Awakens and wouldn't want that for Alien.

[That Yellow Alien]

All things considered, AC is doing ok, especially considering the competition. There clearly is an audience for Alien movies, but it is a niche audience and always has been.

I think Fox needs to reevaluate the direction of this franchise, spend less, and try to make good, scary creature features. That is what this franchise is about. Start small and build up.

Or, considering the downward trend in theater attendence, they can do an Alien tv series on Netflix or something. I'd be down for that.

[N-Shifter]

There will be one more movie to finish up the prequel trilogy, that's the very least that will happen.

[reecebomb]

The bad word of mouth is one of the main reasons why this fails at the box office and of course the abysmal marketing strategy.