Why ‘Charlie’s Angels’ Failed Its Latest Box Office Mission

Why ‘Charlie’s Angels’ Failed Its Latest Box Office Mission
Charlie’s Angels” latest box-office outing was anything but heaven sent.

Sony’s reboot failed to meet even the studio’s cautiously low expectations, debuting to a franchise-eviscerating $8.6 million in North America. Given that the film failed to make up much traction overseas, launching with $19.2 million, including a disappointing $7.7 million in China, it seems likely the Angels just completed their final mission. One plus for Sony: its potential financial losses will be minimized through co-financiers Perfect World Pictures and 2.0 Entertainment, which put up half of the film’s $48 million budget.

However, “Charlie’s Angels” serves as the latest painful reminder that brand recognition isn’t always a sure-fire draw. “Charlie’s Angels” is Hollywood’s third attempt in the last three weeks — following “Terminator: Dark Fate” and “Doctor Sleep” – to dip back into the well with little to show for it. Box office analysts see “Charlie’s Angels,” like other high-profile misfires this
See full article at Variety - Film News »

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