‘In the Heights’ Does Not Reach First Weekend Expectations of Earlier HBO Max Dual Release Titles
In spite of a relentless ad campaign and great critical reviews, “In the Heights” has failed to achieve its expected success both at the box office and streaming on HBO Max. The movie, an adaptation of Lin-Manuel Miranda’s Broadway musical, pulled in a paltry $11.4 million across its four-day opening weekend.
“In the Heights” is one of many 2021 Warner Bros. films that were planned to split their premiere between cinemas and HBO Max in a landmark arrangement to accommodate the effects of the COVID-19 pandemic.
Expectations were high for the film, especially considering the summer-time vibes of its musical subject matter and the buzz generated from the show’s Broadway incarnation.
“Wonder Woman: 1984” was the first film to cash in on the hybrid release strategy, and painted a very optimistic picture for the arrangement going forward.
“’Wonder Woman: 1984’ broke records and exceeded our expectations across all of our key viewing and subscriber metrics in its first 24 hours on the service, and the interest and momentum we’re seeing indicates this will likely continue well beyond the weekend,” said Andy Forssell, EVP & GM, WarnerMedia Direct-to-Consumer businesses, in a statement.
In the Heights
The story of Usnavi, a bodega owner who has mixed feelings about closing his store and retiring to the Dominican Republic or staying in Washington Heights.
The comic book film also achieved theatrical success, grossing $16.7 million across 2,100 cinemas domestically and $36.1 million globally.
“Godzilla vs. Kong,” according to WarnerMedia, claimed the largest streaming audience up to the point of its release on HBO Max and also generated $52 million at the box office over Easter weekend in spite of premiering at a time when lockdown and safety measures were still in full swing.
What this may ultimately mean is that the more things change, the more they stay the same. Movies with huge name-and-brand recognition will, unsurprisingly, pull in an audience. Niche films, in spite of mountains of goodwill and investment, will likely still face the same uphill battles with regard to viewers that they always have, whether they’re streaming, in the theater, or — apparently, both.
According to Warner Bros. president of domestic distribution Jeff Goldstein, “Our experience, which is backed up on ‘In the Heights,’ is that if the movie hits a high level in theaters, it hits a high level on the service. If it hits a low level in theaters, it hits a low level on HBO Max. They’re really very comparable.”
“It’s not really a box office vs. streaming problem,” says Shawn Robbins, the chief analyst at Box Office Pro. “‘In the Heights’ had a strong core fanbase, but it didn’t expand beyond that.”
“In the Heights,” in spite of a hefty social media ad campaign and acclaim, was most likely also bogged down due to its genre as a musical, and its case, of relatively unknown actors.
Changes in the way we consume media are also, apparently changing, once again. With restrictions on gatherings being lifted, there is a good chance that people are simply doing a whole lot of anything but watching more TV to make up for lost time.
“There was enthusiasm and hope that a movie like this would create huge interest in movie theaters because it benefits from the communal experience,” said Paul Dergarabedian, a senior media analyst with Comscore.
Max
Max is a subscription video streaming service that gives access to the full HBO library, along with exclusive Max Originals. There are hubs for content from TLC, HGTV, Food Network, Discovery, TCM, Cartoon Network, Travel Channel, ID, and more. Watch hit series like “The Last of Us,” “House of the Dragon,” “Succession,” “Curb Your Enthusiasm,” and more. Thanks to the B/R Sports add-on, users can watch NBA, MLB, NHL, March Madness, and NASCAR events.
So what does this mean for the future of hybrid releases? HBO Max’s agreement with Warner Bros. has worked out well for the platform, having added 2.7 million subscribers in the first quarter of this year, so it’s doubtful that a single misstep will result in a thorough reexamination of the strategy.
With a few heavy hitters, like the next entry in the “Matrix” and “Suicide Squad” franchises on deck, and a planned return to a more traditional release plan for 2022 in the wings, it would appear that all avenues continue to be open as streamers and movie studios alike continue to grope in the dark as they navigate an unpredictable market for the foreseeable future.