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Over the weekend, two films made a splash, grossing hundreds of millions of dollars thanks to the vision of two relatively unknown YouTube content creators.
The horror film "Backstage," directed by 20-year-old Kain Parsons, grossed $118 million worldwide. The film, which cost $10 million to make as a spinoff based on a series of YouTube shorts, achieved the biggest opening in A24 history and made Parsons the youngest director ever to hold the No. 1 spot at the box office, Deadline notes.
Politics: Trump suddenly changed his position on statements about Iran: "We basically left their military alone.".
A24's success mirrors that of another YouTube content creator. "Obsession," the brainchild of 26-year-old Curry Barker, was produced by Focus Features for approximately $750,000 and has grossed $150 million to date.
According to Focus, ticket sales for "Obsession" have increased every weekend since its May 15 release, making it the first film to achieve such growth since "E.T." back in 1982.
The success stories of the insurgent movements stand in stark contrast to the success of other, potential blockbusters of the past.
This weekend, Disney's Star Wars franchise film, The Mandalorian and Grogu, saw its box office take fall 70%, landing it in third place behind Behind the Scenes and Whiplash.
Comscore's head of market trends, Paul Dergarabedian, told Variety that this doesn't necessarily have to be a dark moment for old Hollywood.
«"Time will tell whether this marks the beginning of a new era or a fundamental change in business, but this journey from YouTube content creators to the big screen should be viewed as complementary," he said. "It's a production process that didn't exist before.".
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