Friday The 13th fans have been waiting patiently, and sometimes impatiently, for any positive news pertaining to a new sequel developing for our beloved film franchise. The rebooted franchise enjoyed a healthy financial return to cinemas back in February 2009 with a final domestic U.S. total gross of $65 million (rounded figure) and an overall worldwide gross of $91 million (rounded figure) for Friday The 13th 2009. This is a Friday The 13th film, folks, and for it to come anywhere near the nine figure mark in total dollars grossed is astonishing. With a reported budget of $19 million, this was a huge win for Warner Bros. So the question is, why hasn't another film been given the go ahead for production? One major factor is probably that $19 million budget.
Jason Voorhees into the ultra-popular "found footage" arena that all studios are using as a go-to method for creating large profit margins for their film releases. It is a smart decision as these kind of films are cheap to create and make back at least twice their budget in the first weekend. Warner Bros. has been slow to get into this type of filmmaking, but with the success of their first "found footage" style movie Project X released last weekend, it looks as though the studio is ready to go all in with this profitable way of making films. In fact, they already ordered up a Project X sequel to go into production. So, where does this leave the Friday The 13th film franchise? We think it leaves the prospects of a sequel very good, and here is why.
Reported yesterday by Deadline New York, Warner Bros. has set up a first look deal with Primal Pictures, for which the company is charged with developing low budget films for big studio distribution, i.e. Warner Bros. In this situation, it looks as though we are in the midst of a resurgence of what Horror fans remember happening in the early 1980's, where big studios ordered up cheap slasher films for theater distribution in the hopes of bringing in large profits. This is the business model Paramount Pictures used to create the Friday The 13th film franchise and launch a new way of creating films in Hollywood.
If Warner Bros. was serious about looking at "found footage" for a Friday the 13th sequel in hopes of avoiding another $19 million budget like the 2009 film, then their new partnership with Primal Pictures could be a solution to help propel a budget friendly sequel into production without much risk. Time will tell, but these types of deals are worth looking at and being aware of as they usually lead to Horror fans getting to see something they love on the big screen once again.
Source: Deadline New York, Box Office Mojo