Happy Death Day in 2017.
However, The Last Jedi and Welcome to the Jungle remain strong holdovers despite already being in theaters for multiple weeks. The Last Key still has a good chance to turn a nice profit for Blumhouse and Universal, assuming its budget is around the $10 million spent for Insidious: Chapter 3 - which earned nearly $113 million worldwide. Nevertheless, the latest projections suggest that The Last Jedi and Welcome to the Jungle are too strong for The Last Key to overcome.
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As reported by overtook The Last Jedi at the domestic box office for the first time on Monday, but the two movies should expect a close battle - one that sees Insidious landing in a distant third place.
The Last Key adds to an Insidious franchise that Variety estimates has earned over $357 million worldwide. That's off combined budgets of around $16 million. The official budget for The Last Key isn't publicly known, but even with the combined budget of the first three films, its opening weekend would be a solid one in spite of finishing third.
Lin Shaye returns to star in the fourth Insidious movie after appearing in the first three. Leigh Wannell (Saw) once again wrote the fourth chapter after writing the first three. The big newcomer is director Adam Robitel, who wrote and directed 2014's The Taking of Deborah Logan. The team should still feel good about The Last Key's box office prospects, even with projections expecting the movie not to make a dent in the juggernaut that is The Last Jedi or the Dwayne Johnson-starring hit Welcome to the Jungle.
It may be a concern for Universal that Insidious: Chapter 3 had the lowest domestic box office total of the series with about $52 million. But it's likely that Insidious: The Last Key will be profitable if it approaches that benchmark. Blumhouse has become a pretty safe bet in the past year and change, and a loss to Star Wars: The Last Jedi or Jumanji: Welcome to the Jungle isn't exactly a shocker. But the hope for the studios is that the sequel can sustain its opening run and avoid a big drop-off after the premiere.
More: Insidious: The Last Key Trailer & Poster - Fear Comes Home
Source: Variety
