TENET AND THE EIGHT HUNDRED’S SUCCESS ADDS EXCITEMENT AMONG THE TRADE!

When the Coronavirus pandemic began to rapidly spread across the world in the beginning of 2020, a lot of films got postponed to next year or 2020-end. The belief was that even if cinemas reopen, it’ll be suicidal to release a film this year. This is because audiences might not turn up due to the fear of contracting the virus. Also, they argued that with just 50% occupancy allowed in cinemas as part of social distancing measures, the collections won’t be enough to recover costs. However, the success of some films across the globe has made it clear that films can succeed despite all these Covid-related limitations.

The first country to evoke hope was South Korea. We had discussed a couple of months ago that the thriller Alive has done very well in its first week. In its lifetime it managed to earn $13.4 million (Rs. 98.05 crore approx). Then July saw the release of Peninsula, a sequel to the worldwide 2016 hit Train To Busan. It has earned $32.4 million (Rs. 237.08 crore approx.), which is double of its budget. The reports however are mixed and it won’t collect as much as the first part - $98.5 million. But it has managed to do business that is double of its costs and moreover, it is still running well in many countries across the world. Lastly, Deliver Us from Evil, which released on August 5, is also running successfully, having earned $24.1 million.

Meanwhile, in Spain, a film called Padre No Hay Mas Que Uno 2 (Father There Is Only One 2) surprised one and all. It is the sequel to a hit film called Padre No Hay Mas Que Uno, released in 2019. Believe it or not, it did better than the first part despite releasing in lesser cinemas than part 1 and having restricted occupancy in theatres!

But it’s China that took the cake. A film called The Eight Hundred had a thunderous start and went on to become a huge grosser. It was released on August 21 and collected a huge $116 million in 3 days. As of August 30, it has amassed $277 million, which totals to Rs. 2026 crore approx.! It remains to be seen if it can break the record of Avengers: Endgame which had collected $614 million (Rs. 4492 crore approx.). Even if it doesn’t, the job is done for the film.

And last but not the least, the much awaited Tenet released in Canada and international markets on August 26. The trade had expected it to collect $25-30 million in the weekend but it has managed to earn $53 million. In South Korea, it has collected $4,359,632 (Rs. 31.90 crore approx.) in 5 days. In most major territories like the United Kingdom, France, Germany, etc, it has exceeded expectations. It releases in the USA today, that is September 3, while tomorrow, September 4, it’ll release in China. The collections are now expected to increase a lot once that happens. The reports, though a bit mixed, are mostly encouraging and that’ll further help the collections.

All these instances have proved that there’s a huge pent up demand to watch films. It also shows audiences are ready to come back to cinema halls if there’s an exciting film running. Yes, the collections in all countries, except China, aren’t record breaking due to fewer people in a screen at a time. But, it is believed that sooner or later, the films will manage to make up for it if it has merit.

It now remains to be seen when theatres start in India. The decision to keep cinemas shut as part of Unlock 4 guidelines have led to frustration among exhibitors. But there’s still hope that the government will allow them to resume operations by September-end. And if that happens, Tenet will be the first release in the country.

The talk in India may be be about OTT even though all films except DIL BECHARA have turned out to be disasters and in North America there are films going to PVOD but the box office is showing signs of life. There have been some very good numbers in South Korea over the last 4-6 weeks and now Spain which was hit hard by the Coronavirus pandemic sees the audience coming back to the theatres.

The local Spanish film PADRE NO HAY MAS QUE UNO 2 (Father There Is Only One 2) released at the end of July is doing extremely well despite many cinemas shut and capacity restrictions on all cinemas which are open. The film is a sequel to PADRE NO HAY MAS QUE UNO which opened last year and proved to be a huge HIT in Spain. The sequel has grossed around $5.5 million till date while the first film released last year had grossed $5.1 million in the same number of days.

This is 8% better with less cinemas on restricted capacity and in a country which is coming off one of the strictest lockdowns anywhere in the world. The situation with Coronavirus is not the best for cinema viewing but the audiences are still coming where there is good content showing. So there is huge pent up demand and this thing of watching movies at home is more talk rather than facts talking.

The pandemic hit Spain hard as the health system struggled to cope in April and May and there was fear no one would even turn up at the cinemas but this film has proved otherwise. PADRE NO HAY MAS QUE UNO 2 is a family drama and is on course to beat the final numbers of its first chapter and this is despite the pending situation with Covid 19 which gives hope to cinemas all over the world.