Universal’s gamble to bypass a theatrical release for “Trolls World Tour” and release it on demand instead appears to have paid off — big time. On Tuesday, the studio reported that the sequel to the 2016 animated hit has scored nearly 5 million rentals since its April 10 debut and earned close to $100 million in digital rental fees.
“Trolls World Tour” has already produced $77 million in revenue, more than the original 2016 animated movie did for the studio, an individual with knowledge of the figures told TheWrap. The original, produced with a $125 million budget, grossed $153.7 million domestically and $346.9 million worldwide. (The production budget on “World Tour” was about $90 million, the individual said.)
But unlike with theatrical grosses, which are split evenly with movie theaters, Universal retains roughly 80% of digital rental fees — which were set at a higher-than-usual level of $19.99 for “Trolls World Tour.”
Universal has also earned $60 million in $19.99 digital rentals from four other titles — “The Invisible Man,” “The Hunt,” “Emma” and “Never Rarely Sometimes Always” — that had been in theaters when cinemas nationwide shut down and were released early on demand, according to the individual.
“The results for ‘Trolls World Tour’ have exceeded our expectations and demonstrated the viability of PVOD,” NBCUniversal CEO Jeff Shell told the Wall Street Journal. “As soon as theaters reopen, we expect to release movies on both formats.”
On Monday, the studio in fact announced that Judd Apatow’s new Pete Davidson-led comedy “The King of Staten Island” would also bypass its planned June 19 theatrical release and premiere on demand instead.
The success of the digital-only release of a big studio film like “Trolls” could set the stage for further conflict between studios and exhibitors, which have long insisted on a 90-day window between the release of a movie in theaters and its availability to consumers at home. Those windows, which have been eroding in recent years, could collapse altogether in the current environment — and studios may be loath to restore them when the pandemic subsides and movie theaters reopen.
But while “Trolls World Tour” broke records in VOD sales on platforms like Amazon Prime, Apple and NBCUniversal parent Comcast’s Xfinity service, the film also benefited from a dearth of competition from new Hollywood studio product, a stuck-at-home audience looking for new content and a pricey marketing push that was initially intended for a full theatrical release.
As movies first started to shift on the release slate due to the coronavirus pandemic, Universal was swift to move up the at-home release of “Trolls World Tour” and planned to release the animated sequel day-and-date on VOD and in theaters over Easter weekend. Universal release the film in 21 drive-in theaters that have remained open across the country, but with traditional theaters shuttered across the country, the animated sequel effectively made its debut digitally.
Anna Kendrick and Justin Timberlake lead the voice cast of “Trolls World Tour,” which is a sequel to the 2016 DreamWorks Animation film from 2016 “Trolls.” Poppy (Kendrick) and Branch (Timberlake) discover that they are but one of six different Trolls tribes scattered over six different lands and devoted to six different kinds of music: Funk, Country, Techno, Classical, Pop and Rock. “Trolls World Tour” is directed by Walt Dohrn, who also served as co-director on the original film.
All the Hollywood Films Arriving on Demand Early Because of the Coronavirus
Since most U.S. movie theaters have shuttered in response to the coronavirus pandemic, studios are rushing out VOD home releases of movies that were only just in theaters.
Disney/Warner Bros./Universal
"Trolls World Tour"
The sequel to the 2017 animated hit announced it would be available for digital download on April 10 -- the same day it was supposed to land in theaters. Now it's a VOD exclusive.
Universal Pictures
"Birds of Prey"
The Margot Robbie spinoff of 2017's "Suicide Squad" debuted on demand on March 24. The film grossed $84 million since opening on Feb. 4.
Warner Bros.
"The Hunt"
The Universal/Blumhouse horror film was first delayed from release last fall due to controversy over its violent content -- and then sidelined after its March 13 opening by the coronavirus. It's available to stream now.
Universal Pictures
"The Invisible Man"
The Universal horror film starring Elisabeth Moss grossed nearly $65 million since its Feb. 26 release in theaters. It's available to stream now.
Universal Pictures
"Emma."
Focus Features' adaptation of the Jane Austen novel opened in limited release Feb. 21 -- and picked up $10 million in ticket sales until the pandemic shut down theaters. It's available to stream now.
Focus Features
"Bloodshot"
The Vin Diesel comic-book movie opened March 6 and grossed $10 million before theaters shut down. It's available on VOD now.
Sony Pictures
"I Still Believe"
Lionsgate's biopic starring K.J. Apa as Christian music star Jeremy Camp hit VOD on March 27 -- just two weeks after it opened in theaters.
Lionsgate
"The Way Back"
Warner Bros. released the Ben Affleck drama "The Way Back" -- which grossed $13 million in theaters since its March 6 opening -- on VOD less than three weeks later, on March 24.
Warner Bros.
"Onward"
Disney and Pixar’s animated feature was made available for purchase on Friday, March 20, and the film hit Disney+ on April 3.
Disney/Pixar
"Sonic the Hedgehog"
Paramount Pictures' "Sonic the Hedgehog" set a new record for video game adaptations with a $58 million domestic opening weekend on Feb. 14 and has grossed $306 million worldwide theatrically. It's available on demand now.
Paramount Pictures
"The Call of the Wild"
20th Century Studios' feel-good film starring Harrison Ford and a giant CGI dog is available on demand now.
20th Century
"Downhill"
Barely escaping an avalanche during a family ski vacation, a married couple (Julia Louis-Dreyfus and Will Ferrell) is thrown into disarray as they are forced to reevaluate their lives and how they feel about each other. It's available on demand now.
Fox Searchlight
"Never Rarely Sometimes Always"
"Never Rarely Sometimes Always" is the story of two teenage cousins from rural Pennsylvania who journey to New York City to seek an abortion. The film premiered at the Sundance Film Festival and walked away with a Special Jury award. It's available for VOD now.
Focus Features
"Endings, Beginnings"
"Endings, Beginnings," a romantic drama from Drake Doremus starring Shailene Woodley, Sebastian Stan and Jamie Dornan, opened early on digital on April 17 and on demand on May 1. It was meant to open theatrically on May 1.
Samuel Goldwyn Films
"To the Stars"
"To the Stars," a period drama set in 1960s Oklahoma that stars Kara Hayward, Liana Liberato, Jordana Spiro, Shea Whigham, Malin Akerman and Tony Hale, was bumped up to a digital release on April 24 and an on demand release on June 1. Martha Stephens directed the film that premiered at Sundance in 2019 and was meant to be released theatrically by Samuel Goldwyn Films.
Samuel Goldwyn Films
"Impractical Jokers: The Movie"
truTV's first-ever feature-length film arrived early on digital on April 1. Follow James "Murr" Murray, Brian "Q" Quinn, Joe Gatto, and Sal Vulvano, aka The Tenderloins, playing themselves in a fictional story of a humiliating high school mishap from the early '90s.
truTV
"Artemis Fowl"
Disney's adaptation of the Eoin Colfer fantasy novel "Artemis Fowl" was meant to debut in theaters on May 29 but premiered exclusively on Disney+. The film is directed by Kenneth Branagh and stars Colin Farrell and Judi Dench.
Disney
"The Infiltrators"
The theatrical release of Oscilloscope's docu-thriller "The Infiltrators" has been postponed, and the film was released on both Cable On Demand and Digital Platforms starting June 2.
Oscilloscope
"Working Man"
The March 27 theatrical release of "Working Man" has been canceled due to the theater closures, and the film premiered on May 5 via Video On Demand.
Brainstorm Media
"Jump Shot: The Kenny Sailors Story"
"Jump Shot: The Kenny Sailors Story," a sports documentary executive produced by NBA star Steph Curry, was made available for streaming on the new service Altavod between April 16-18 for $7.99 and is available for pre-order beginning April 9. 10% of all the proceeds will be donated to COVID-19 relief efforts. The documentary tells the story of the player, Kenny Sailors, who pioneered the jump shot, and it features interviews with Curry, Kevin Durant, Dirk Nowitzki, Clark Kellogg, Bobby Knight and more.
Photo by Rob Carr/Getty Images
"Scoob!"
Warner Bros. announced on April 11 that it would release the family animated film “Scoob!” for digital ownership and premium video on-demand on May 15, making it the second film (after Universal's "Trolls World Tour") to cancel a planned theatrical release and head straight to home release pandemic.
Warner Bros.
"The King of Staten Island"
"The King of Staten Island," the comedy starring and co-written by "SNL" star Pete Davidson and directed by Judd Apatow, skipped its theatrical release date of June 19 and opened one week early on VOD everywhere on June 12.
Universal Pictures
"The High Note"
"The High Note," the latest film from "Late Night" director Nisha Ganatra that stars Tracee Ellis Ross and Dakota Johnson, made its premiere on VOD on May 29. It was meant to open on May 8 theatrically.
Focus Features
"Waiting for the Barbarians"
Ciro Guerra's film starring Mark Rylance, Johnny Depp and Robert Pattinson was originally slated for a theatrical release but was picked up by Samuel Goldwyn Films to instead be released via cable on demand and on digital in August
Samuel Goldwyn Films
"Irresistible"
Jon Stewart's latest film, a political comedy called "Irresistible," will skip theaters and make its premiere online for on demand digital rental on June 26. The film from Focus Features stars Steve Carell and Rose Byrne and was meant to open in theaters on May 29.
Daniel McFadden / Focus Features
"My Spy"
The Dave Bautista action comedy "My Spy" was originally meant for a theatrical release from STXfilms and was due to hit theaters in March. Amazon then acquired the film from STX and will now release it on streaming on June 26.
Amazon Studios
"The One and Only Ivan"
The animated Disney film based on Thea Sharrock's best-selling children's book "The One and Only Ivan" is the latest feature to skip theaters and move to Disney+. The movie features the voice talent of Angelina Jolie, Danny Devito, Sam Rockwell, Bryan Cranston and Helen Mirren. The film was previously slated for theatrical release on August 14 but will now debut on Disney+ one week later on Aug. 21.
Disney
"The Secret Garden"
The re-imagining of the book "The Secret Garden" was meant to open in UK theaters in April but delayed its theatrical release until August. But STXfilms will now release the StudioCanal and Heyday Films movie on PVOD for $19.99 on August 7 in North America. "The Secret Garden" stars Colin Firth, Julie Walters and Dixie Egerickx.
STXfilms
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”Irresistible“ joins a list of big films heading to digital home entertainment platforms early
Since most U.S. movie theaters have shuttered in response to the coronavirus pandemic, studios are rushing out VOD home releases of movies that were only just in theaters.