“It’s been a bad year,” Magnolia Pictures President Eamonn Bowles says
Unless you’re Disney, releasing the umpteenth iteration of a money-printing hit, or you’re some other version of a franchise blockbuster derived from beloved IP, you likely haven’t had a great run at the box office so far in 2019. (In fact, Jordan Peele’s horror film “Us” is the only original screenplay among the top 10 grossers of the year so far.)
As bad as things are for the five major studios and longtime mini-major Lionsgate, the situation is worse for independents and the specialty divisions of the majors heading into this month’s Toronto Film Festival. Indie film releases made up approximately 11% of the 2019 domestic box office to date, which comes to approximately $890 million out of the $7.8 billion that all of Hollywood has amassed. By the end of last year, indie films made up 13% of the overall box office total.