It's just two weeks since the release and the adoption of Stephen King's ‘IT’ is now the highest grossing horror film of all the time. The movie which has earned an impressive $236 million domestically has to beat the 1973 horror classic ‘The Exorcist’ that earned $232 million, as per today’s price.
The Exorcist still holds the title for highest-grossing horror film globally by bringing in $441.3 million vs IT that has earned only $404.3 globally so far. IT cost an economical $35 million to make and is expected to shatter more records as it continues its box office run.
IT is the first in its genre to be made in 44 years even as the current crop of Hollywood film-making focus on ones that bring in huge on box collections. An assessment of the films in the past couple of years will reveal that superheroes, supervillains have taken up much of the screen space. Horror as a genre may have lost its identity.
The only genre bringing in the big bucks is a combination of science and horror called ‘the science fiction horror’. Resident Evil Franchise, Underworld Franchise, Alien Franchise, Predators are a few in a long list.
The original Horror genre that everyone relates to is supernatural elements with ghosts, grey eyes, witches, evil power and the dead walking. Hollywood has begun to rethink the genre, working on remakes of cult classics like a Nightmare on Elm Street (1984), Friday the 13th (1980), Halloween (1978), Child’s Play (1988) and now IT (1990).
All these remakes have performed well at the box-office, showing a potential for fiction-horror as a genre. Now 'IT' has joined the highest grosser of all time and is already sitting at the ninth highest-grossing R-rated release in history.The possibilities of more remakes and original content are now endless and will see filmmakers making a beeline for the genre. It may well be already underway with a new upcoming lineup such as IT Sequel, The Nun (2018), Halloween Reboot (2019) etc.