Box Office Battle: Can The Black Phone 2 Save Blumhouse's Streak? (2025)

October's Box Office Blues: Can The Black Phone 2 Save the Spooky Season?

Imagine walking into a movie theater this Halloween, only to find the seats half-empty and the popcorn bucket feeling heavier than the ticket sales. That's the grim reality hitting cinemas right now, much like last year's dismal performance from Joker: Folie a Deux, which threw a wrench into October's earnings. Despite some promising releases, nothing seems to be capturing audiences' imaginations or wallets. Let's talk about two well-regarded films that starred big names: The Smashing Machine and Roofman. Both got solid reviews but tanked at the box office, barely making a splash. Then there's Disney's high-stakes gamble, Tron: Ares, which once again shows that certain franchises, no matter the budget, just don't resonate with the masses. It's niche at best, proving that bigger budgets don't always equal bigger crowds. No surprise then that Netflix is swooping in with a re-release of K-pop Demon Hunters this Halloween weekend—it's like a lifeline for theater owners desperate for a guaranteed crowd-pleaser.

But here's where it gets controversial: Is the movie industry relying too much on nostalgia and streaming giants, or should theaters fight back with fresh, original scares? Amid this eerie vibe, Blumhouse Productions is betting big on horror to turn the tide. Their upcoming flick, The Black Phone 2, hits theaters this weekend, and fans are buzzing with anticipation. The first Black Phone was a true underdog success—a 'sleeper hit' in industry lingo, meaning it snuck up on everyone with unexpected popularity. It raked in over $23 million just in its opening weekend back then, and kept going strong, totaling about $90 million in the U.S. and over $160 million worldwide, all on a modest $16 million budget. This proved Blumhouse's signature style—think low costs paired with clever, high-concept ideas—can deliver massive returns when executed perfectly. For beginners new to box office talk, this is like turning a lemonade stand into a lemonade empire: smart planning beats flashy spending every time.

Yet, Blumhouse hasn't been immune to hard knocks lately. They've stumbled with bolder, riskier bets like Wolf Man, Woman in the Yard, Drop, and the expensive sequel M3GAN 2.0, all of which flopped hard. So, is The Black Phone 2 the comeback kid, or just another gamble? We're predicting it'll shatter their losing streak with a solid $20 million opening weekend. That's a decent win, but—and this is the part most people miss—it might not have the same staying power as the original. Fans are scratching their heads over why Ethan Hawke's villain, The Grabber, is back from the dead, given his demise in the first film (check out our mixed review for the full scoop). Plus, Hawke's role feels smaller this time around, which could leave some viewers wanting more. On the flip side, Mason Thames, the young star from the first movie, is now a rising talent. He proved his chops in the live-action How to Train Your Dragon reboot, one of summer's big hits, and ironically, he's got another release, Regretting You, dropping next week. It's a reminder that young actors can carry a film, but will audiences forgive the sequel's plot twists?

Shifting gears to the rest of the lineup, Tron: Ares is expected to snag second place with around $15 million, though it could plummet 50-60% the following week. The signs are clear: this franchise might be on its last legs (for more on Jared Leto's take, see our deep dive here). Meanwhile, Good Fortune, starring Keanu Reeves as an angel, might hit the $10 million mark thanks to his star power. But reviews, including our own from TIFF, are lukewarm, and comedies haven't been box-office gold lately. Is Keanu enough to resurrect the genre, or are audiences too jaded?

In fourth spot, Amazon/MGM's After the Hunt, an awards contender, could open with about $6 million. Mixed feedback suggests it might be more of a streaming watch later on, as people often save star-studded dramas for home viewing. And rounding out fifth place, Roofman is forecasted to bring in around $5 million—another example of a film that got buzz but didn't translate to big numbers.

Here are our updated predictions for the weekend:

  1. The Black Phone 2: $20 million
  2. Tron: Ares: $15 million
  3. Good Fortune: $10 million
  4. After the Hunt: $6 million
  5. Roofman: $5 million

What do you think—will The Black Phone 2 really revive Blumhouse, or is horror's heyday over? Do you agree that sequels should stick closer to the source material, or is reinventing villains fair game? And with so many flops in October, should studios pivot to more niche hits like the original Black Phone? Drop your thoughts in the comments—we'd love to hear your take!

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Box Office Battle: Can The Black Phone 2 Save Blumhouse's Streak? (2025)
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