Old Movies Are Topping Box Office Due to the Lack of New Releases

Daniel Radcliffe, Rupert Grint, and Emma Watson in "Harry Potter and the Sorcerer's Stone"

American movie-goers are hoping that theaters will finally re-open this fall, but many projects postponed their release waiting for that moment to come. That didn’t stop theaters from re-opening in several other countries, but they ended up streaming old movies due to the lack of new releases.

This proved as a winning formula for several beloved projects, including Harry Potter And The Sorcerer’s Stone. It’s been recently reported that this movie neared a billion-mark on international box office thanks to its re-issue in China.

Harry Potter isn’t the first movie to find new fame in the post-lockdown era. Christopher Nolan’s Interstellar also found huge success after being re-issued in China, and so did several movies that come out earlier this year. Dolittle starring Robert Downey Jr. and Bloodshot starring Vin Diesel were considered box-office bombs when they first came out, but the reopening of theaters in China led to renewed interest in this action flicks.

This movie trend isn’t here to stay if theaters start re-opening as planned, allowing new releases to take charge. Christopher Nolan’s Tenet is expected to lead the way by premiering on August 26th in several countries around the world, a week before reaching China and the US.