IT, directed by Andy Muschietti has knocked another record out of the book as it reached a total gross of $500 million in the worldwide box office.
In what is another success for New Line and Warner Brothers, the movie has been a worldwide success on the back of a huge marketing campaign. The movie itself only took $35 million to produce, making this a strong contender for most profitable film of 2017.
“Crossing $500 million is rarified air for any film, but for a horror film it is history-making, and we could not be prouder. The filmmakers and cast did more than make a box-office hit; they created a communal, must-see moviegoing event that has reverberated around the globe and is still going strong. We congratulate Andy Muschietti, the extraordinary producing team and everyone involved in It on reaching this amazing milestone,” Warner Bros. president of worldwide marketing and distribution Sue Kroll said in a statement.
$500 million is rare for any film, let alone a horror one, and the movie has bested several classics such as $441.3 million earned by The Exorcist’(1973), not accounting for inflation. When adjusting for inflation, however, The Exorcist (1973) remains the record holder with more than $1.1 billion in global ticket sales. Muschietti’s movie is hardly done with its run and has yet to open in Germany, Italy and Japan.
Earlier this week, New Line announced that a sequel to It will hit theaters on Sept. 6, 2019.