Director Bong Joon-ho’s Hollywood movie “Mickey 17” is heading to online streaming platforms just a month after its release in theaters, following a weak performance.
According to Amazon Prime Video’s U.S. new releases list on June 6 (local time), “Mickey 17” will begin streaming on July 7 at 9 p.m. (U.S. Pacific time). It will also be available on other platforms like Apple TV and Fandango.
Box Office Mojo, a U.S. site tracking box office data, reported that the number of theaters showing “Mickey 17” has steadily dropped since it premiered in 3,807 cinemas across North America on the 7th of last month. So far, it has earned $44.68 million (around 65.3 billion won) in North America and $77.70 million (about 113.6 billion won) from other regions, adding up to a worldwide total of $122.38 million (around 178.9 billion won).
Advertisement 
As of the 6th, South Korea’s integrated ticketing system showed that “Mickey 17” had attracted 2,998,372 viewers, earning about 29.6 billion won in total revenue—lower than expected.
The movie reportedly cost $118 million (around 170 billion won) to produce, not including spending on marketing and promotions. Warner Brothers, the film’s investor and distributor, is said to have added another $80 million (about 116.9 billion won) for marketing efforts.
Considering the portion of ticket sales shared with theaters, “Mickey 17” is estimated to need about $300 million (roughly 438.5 billion won) in ticket revenue to break even.
Read More: ‘Mickey 17’ Projected to Lose $75 Million in Theatrical Run
Industry experts predict that “Mickey 17” will earn about $143 million (around 209 billion won) in ticket sales worldwide. If that’s the case, the movie could face losses of around $80 million (about 116.9 billion won). These days, many movies don’t make profits from theaters alone; instead, they recover some losses through TV and streaming platform deals. However, since a film’s box office results often impact the value of those deals, making up the losses for “Mickey 17” might be difficult.
Starring Hollywood actor Robert Pattinson, “Mickey 17” got a relatively low “B” grade in a CinemaScore survey taken shortly after its release.
Currently, on the U.S. review site Rotten Tomatoes, it holds a critic score of 77 (77 out of 100) and an audience score of 73.
These scores are much lower than Director Bong’s earlier films like Parasite (critics 99, audiences 95), “Mother (critics 96, audiences 89), and Memories of Murder (critics 95, audiences 92).
“Mickey 17” is Bong’s first new film in five years after winning four Oscars for “Parasite in 2020. It drew major attention in Hollywood because Warner Brothers made a significant investment and handled its distribution.
Source: Biz.Chosun