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Summary
- Taylor Swift: The Eras Tour continues to dominate the box office, breaking records and becoming the highest-grossing concert film in history.
- Horror movies, including Five Nights at Freddy’s, had a strong presence in October, despite negative reviews. The genre’s popularity continues to raise the bar.
- Franchise films outperform standalone efforts, but The Creator, an original IP, is nearing the $100 million mark, showing promise for future original projects.
The October 2023 box office breakdown reveals that fall’s slew of movies had their fair share of both record-breaking moments and startling failures. For starters, it’s no surprise that Taylor Swift: The Eras Tour continued to reign supreme at the box office even as its limited four-week run comes to an end. Apart from Swift’s feel-good concert movie, horror flicks — both old and new — dominated October, which is hardly surprising given the month’s Halloween leanings. However, despite being panned by critics, the Five Nights at Freddy’s movie managed to topple end-of-the-month records and raise the lucrative genre’s bar even higher.
Of course, the month also saw its fair share of box office hold outs and flops. While both Barbie and Oppenheimer are still playing in theaters across the U.S., the latter didn’t quite hit the mark in regard to October 2023’s box office predictions and projections. Even Martin Scorsese’s latest critical darling, Killers of the Flower Moon, struggled in its opening weekend and beyond. By and large, franchise films continued to out-perform standalone efforts, though The Creator did reach an exciting box-office benchmark that’s sure to have a positive ripple effect for other new IP-based projects.
10 The Nightmare Before Christmas Re-Enters The Top 5 At The Box Office
Despite being released for the first time in 1993, The Nightmare Before Christmas “Sandy Clawed” its way into the top five at the box office. In the film, Jack Skellington (Chris Sarandon), the King of Halloween Town, stumbles upon a realm dedicated to Christmas. Fascinated by the spirited holiday, Jack tries to import the custom to his spookier neck of the woods. With 2023 marking the film’s 30th anniversary, Disney granted Nightmare Before Christmas a limited-run theatrical re-release ahead of Halloween. During its original run, the stop-motion movie made $50 million, but subsequent re-issues have brought that total draw up to $95.8 million.
9 The Exorcist: Believer Underperformed In Crucial Ways
Despite being the sixth installment in The Exorcist franchise, The Exorcist: Believer capitalizes on fans’ love of the original 1973 film. Drenched in nostalgia, Believer sees both Ellen Burstyn and Linda Blair reprising their iconic roles. Even so, it’s not enough to bolster the underperforming film. The sequel was one of the movies Taylor Swift’s Eras Tour scared off from a dueling release, but it’s hard to fully pin Believer‘s failures on the steep competition.
While the movie did top the box office during its opening weekend — and while it marks the best opening of any film in the franchise — Exorcist: Believer failed to make back its $30-million budget during its first weekend. Moreover, it cost Universal a staggering $400 million to acquire the rights to the franchise. A total $120.6 million draw isn’t anything to scoff at but, considering the upfront costs, it’s rather underwhelming. Plus, Universal was banking on the film’s sequel potential; while another Exorcist movie has been announced, the ill-will from critics and audience alike certainly won’t help any new installments make back those wild costs.
8 The Equalizer 3 Is (Still) The Franchise’s Lowest-Grossing Movie
Based on October 2023 projections, the Denzel Washington-led The Equalizer 3 seemed to be on track to become the action franchise’s highest-grossing installment. Unfortunately, that narrative didn’t quite pan out as expected. While the first Equalizer film made $192.3 million and the second grossed $190.4 million, The Equalizer 3 has brought in $185.5 million. While that’s a solid box office draw, it still makes the film the lowest-grossing of the trilogy. While the gap between the third and first films’ grosses isn’t massive, it’s unlikely that The Equalizer 3, which first hit theaters in September, will top its predecessors.
7 Oppenheimer Did Not Cross The $1 Billion Mark
Even though Oppenheimer debuted in U.S. theaters in mid-July, the film is still playing in venues across the world. Much like Barbie, a movie that crossed the $1 billion mark months ago, Oppenheimer is still reeling in profits. Although its revenue has, understandably, dropped steeply the longer it remains in theaters, experts believed Christopher Nolan’s three-hour epic would finally cross the $1 billion mark in October 2023. Unfortunately, that didn’t pan out and, as of the end of the month, Oppenheimer‘s global box office draw stands at $946.9 million.
6 PAW Patrol: The Mighty Movie’s Continued Gross Proves An Important Trend
Based on the ultra-popular PAW Patrol TV series, PAW Patrol: The Mighty Movie is a sequel film that blends superhero comedy with the franchise’s beloved canine cast. While not exactly a Barbenheimer replica, SAW Patrol — the dual opening of PAW Patrol and Saw X — gave Hollywood a big box office. When it released, PAW Patrol made $22.8 million, topping that weekend’s box office. Since then, it simply hasn’t slowed down. With a total worldwide gross of $166.6 million, The Mighty Movie proves that viewers are still taking their kids to theaters for family friendly content — even during the age of convenient at-home streaming.
5 Saw X Isn’t A Series’ Standout But It’s Box Office Draw Is Promising In One Key Way
A direct sequel to 2004’s Saw and a prequel to Saw II, the tenth entry in the long-running horror franchise had a lot to live up to at the box office. Bolstered by an impressive performance from Tobin Bell, Saw X film garnered a solid $18.3 million and has gone on to earn a worldwide gross of $93.5 million. Although its opening weekend is significantly lower than the Saw franchise average of $23 million, Saw X‘s opening weekend and October grosses are promising. Both figures put Saw X well above the series’ recent installments, Spiral and Jigsaw, hinting at a solid future for the franchise.
4 The Creator Neared A Big Milestone (For New IPs)
A sprawling sci-fi action flick, The Creator was significant before it debuted. Unlike most other big-budget movies, The Creator is an original IP — not a sequel, spinoff, or reboot. Although the movie is somewhat run-of-the-mill fare, its recent success still matters. Though its U.S. draw remains disappointing, The Creator has done better overseas. As of October 29, it made back its $80-million budget, boasting a solid $97.6 million worldwide total. It’s likely that The Creator will pass the $100 million mark soon — a milestone that will surely bolster the odds of Hollywood green-lighting other original IP-based movies.
3 Killers Of The Flower Moon Opened Below Expectations
Killers of the Flower Moon, Martin Scorsese’s three-hour Western crime drama, opened below its box office projections thanks in part to Taylor Swift: The Eras Tour. Projected to gross $20–25 million during its first weekend, Killers of the Flower Moon did fall squarely within that range, earning $23 million. However, the first disappointment came when it finished second on its opening weekend, falling short of holdover The Eras Tour. Although the film is the third-best opening of Scorsese’s, the steep drop between its debut and second weekend is incredibly telling.
2 Five Nights at Freddy’s Opening Weekend Set A New Halloween Record
A supernatural horror film based on the video game series of the same name, Five Nights at Freddy’s sees an aimless security guard (Josh Hutcherson) contending with murderous animatronics that roam the halls of a pizza parlor at night. With a massive built-in fan base and a Halloweekend release date, Five Nights at Freddy’s was set up for commercial success. Projected to gross around $50 million, Five Nights at Freddy’s garnered a whopping $80 million — a record for a film with a simultaneous streaming release. Moreover, the film holds the title of best opening weekend for a horror film in 2023 and marks Blumhouse’s best opening as well.
1 Taylor Swift: The Eras Tour Broke Concert Movie Box Office Records
As happens with almost any Taylor Swift project, The Eras Tour broke numerous box office milestones. In its first day, Taylor Swift: The Eras Tour grossed $39 million and went on to boast an opening weekend that totaled $92.8 million. The second-best October opening of all time, The Eras Tour had the best-ever opening weekend for a concert film. Now the highest-grossing film of its genre in U.S. box office history, it’s also the first concert film to spend two consecutive weeks on top. As of October 29, Taylor Swift: The Eras Tour‘s total worldwide gross stands at a staggering $203.4 million.
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