Beetlejuice Beetlejuice Triumphs at the Box Office
Tim Burton’s latest installment, “Beetlejuice Beetlejuice,” has achieved remarkable success by tripling its initial budget, reaching a significant global milestone. This legacy sequel to the 1988 horror-comedy classic brings back beloved characters, with Michael Keaton as Betelgeuse, Winona Ryder as Lydia Deetz, and Catherine O’Hara as Delia Deetz. Joining them are new cast members Jenna Ortega, Willem Dafoe, Justin Theroux, Monica Bellucci, and Arthur Conti.
Box Office Success
The movie opened with a bang, grossing $111 million, which already surpassed the original film’s worldwide revenue. According to Warner Bros. Pictures, by the end of its third weekend, “Beetlejuice Beetlejuice” is projected to earn a cumulative $329.7 million globally. With an international total of $103 million, it has not only crossed the $100 million mark overseas but also exceeded the $300 million milestone worldwide. This achievement means the film has earned more than triple its estimated $100 million budget, making it one of only twelve 2024 releases to reach such heights, following “Alien: Romulus.”
Significance of the Box Office Milestone
The Movie Is Likely Profitable
Given that “Beetlejuice Beetlejuice” has tripled its budget, it is probably already profitable. Typically, a film needs to earn two to two-and-a-half times its production budget to break even, considering promotional expenses and theaters taking a share of ticket sales. For this film, the break-even point would likely be around $250 million, a figure it has comfortably surpassed by nearly $100 million.
The production cost of the new film was significantly higher than the original “Beetlejuice,” which had a modest $15 million budget (approximately $42 million today when adjusted for inflation).
While “Beetlejuice Beetlejuice” has yet to crack the Top 10 releases of 2024, it seems poised to do so before concluding its theatrical run. However, whether it maintains its position in the Top 10 by year’s end remains uncertain, as it will face stiff competition from upcoming blockbusters like “Joker: Folie à Deux,” “Venom: The Last Dance,” “Moana 2,” “Wicked,” “Gladiator II,” and “Sonic the Hedgehog 3.”
Future Implications for Tim Burton
More Projects on the Horizon
The success of “Beetlejuice Beetlejuice” suggests that more projects from Tim Burton could be on the way, aiming to captivate the same audience that resonated with this film. Although a third “Beetlejuice” movie is not guaranteed, given Burton’s comments, collaborations between him and Jenna Ortega outside of their successful Netflix series “Wednesday” seem likely.
Source: Warner Bros. Pictures
Beetlejuice Beetlejuice
- Comedy
- Supernatural
- Fantasy
- Horror
Beetlejuice Beetlejuice is the sequel to the original Tim Burton classic that starred Michael Keaton and Wynona Rider in a horror-comedy that involved ghosts trying to scare off new homebuyers from taking their house. The sequel brings back Michael Keaton as the hilarious and sleazy ghost with selfish intentions, now joined by Jenna Ortega in a new role.
