Everyman suffers box office slump as Joker sequel disappoints
Share:
Everyman Media Group shares plunged on Friday as the cinema group highlighted the box office failure of the new Joker movie after posting a disappointing sales performance. The London-based business noted its performance was weaker than expected during the fourth quarter, partly after the poor showing of psychological thriller Joker: Folie à Deux.
Starring Joaquin Phoenix and Lady Gaga, the much-anticipated sequel to 2019's Joker was largely panned by critics and a commercial disaster, with worldwide ticket sales barely exceeding its production costs. In the UK, the film only grossed £10million during the first month after its release, while its predecessor earned an equivalent £58.3million throughout its entire run.
Following this, Everyman saw trading impacted by a congested calendar of five blockbuster releases in five weeks, resulting in titles competing against each other. Poor showing: Joker: Folie à Deux was largely panned by critics and a commercial disaster, with worldwide ticket sales barely exceeding its production costs.
Among the high-profile films to hit screens in November and December were the musical fantasy adaptation Wicked, animated movie The Wild Robot, and the sequels Moana 2 and Gladiator II. Everyman said its customers spent less on average during the period because of the larger proportion of family-friendly movies that came out.
