Sun. Mar 29th, 2020

Box Office: ‘Parasite’ Heads for Huge $50M-Plus in U.S. After Historic Oscar Win, Already Crossed $200M Internationally

Bong Joon Ho’s Parasite continued to make headlines following its historic Oscar best picture victory.

Over the long Presidents Day holiday, the South Korean dark comedy-thriller made its biggest push yet in the U.S., expanding from 1,060 locations to 2,001. The move paid off as Parasite raced up the chart to No. 7 with $6.8 million — the film’s top weekend gross to date (indie distributor Neon first opened the film in select art house cinemas in early October).

Globally, Parasite celebrated its Academy Award victory by zooming past the $200 million mark for CJ Entertainment despite the fact that it opened in many key markets — including South Korea — months ago. This past weekend, it earned another $12.8 million for a foreign tally, through Sunday, of $161.1 million.

Its worldwide gross of $205 million includes $44.49 million in ticket sales in the U.S., where it now ranks No. 4 on the list of the top-grossing foreign-language films of all time after passing up Instructions Not Included ($44.47 million), not adjusted for inflation.

Box office analysts put Parasite‘s final U.S. gross at $50 million or more, the top showing for a non-English-language film since Zhang Yimou’s Hero 18 years ago. Overall, Hero ($53.7 million) ranks No. 3 behind Roberto Benigni’s 1997 hit Life Is Beautiful ($57.6 million) and Ang Lee’s Crouching Tiger, Hidden Dragon from 2002 ($128.1 million).

Some think Parasite could even approach $60 million.

In yet another milestone, Parasite passed 2017’s I, Tonya ($30 million) to become the top-grossing release in the three-year history of Neon, run by Tom Quinn, not adjusted for inflation.

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Written By: Tommy Lightfoot Garrett

Photographs are Courtesy:  Neon

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