Although Universal Pictures has been releasing a series of successful films recently, their latest release, “Renfield,” has not lived up to expectations. Despite being a horror thriller, the movie received mixed reviews from both critics and audiences alike, and unfortunately, it has been rejected by viewers at the box office as well. That’s an unusual occurrence for a Universal film, and it can be considered a box office failure after a long time.
Renfield Box Office Performance: Hit or Flop?
According to reports, “Renfield,” featuring Nicolas Cage and Nicholas Hoult, was released in over 3300 theatres in the USA on April 14, 2023. The movie had a disappointing opening day, grossed only $3.18 million. Its opening weekend was equally disappointing, grossing only $8.02 million at the domestic box office— it is one of the worst openings for a Universal film in recent years and is also poor for a medium-budgeted film. Overall, the horror flick has grossed $17.15 million domestically and $9.16 million overseas, making a global total of $26.32 million.
Hollywood sources report that “Renfield” had a production budget of $65 million before marketing expenses, and the makers spent a decent amount on marketing, but it was still below average. To break even, “Renfield” needed to earn at least $150 million. While $150 million is not an astronomical figure, still, it is an unfulfilled dream for an R-rated flick. In short, “Renfield” is a sure-shot box office disaster and a loss for both the makers and the distributor. Leaving $150 million, at the moment grossing $25 million at the box office also in under question, and it is an indication of what a big disaster the movie has turned out to be.
Despite being a smart production company, Universal has made a mistake by spending so much on “Renfield,” and the movie’s performance has indicated that it will result in a loss. Additionally, Nicolas Cage’s impact in the movie has been negligible, as he has not been able to make an impression on either the audience or critics. Even though “Renfield” is a flop, it does not seem to matter to anyone because Universal is still enjoying success with other projects.