Since KPop Demon Hunters got here out in June and took the world by storm, followers have been clamoring for extra. Netflix certain want to, given how nicely this one movie’s carried out, however it appears to be a query of whether or not the celebrities will align for it and Sony to make a sequel collectively.
In a latest story from Puck’s Matt Belloni, he lays out among the movie’s financials, specifically that it price Sony over $100 million to supply, and solely about $20 million goes to the studio, even with the movie’s transient, upcoming theatrical run. (It could possibly additionally launch the movie in China, ought to the federal government enable it.) Sources advised the reporter the deal between studio and streamer permits for Sony to make extra KPop films, and it’s already getting into negotations with co-directors Maggie Kang and Chris Applehans. Netflix isn’t obligated to renegotiate, so if that occurred, the sequel could possibly be shopped round elsewhere or come to the massive display.
Why didn’t Sony simply put out KPop Demon Hunters in theaters itself? Per Belloni, it made two deals with Netflix in 2021: one deal, a “direct-to-platform” association, made so the streamer may greenlight and launch a minimal variety of Sony-made films for animation and live-action, and Sony could be paid a $20 million premium on high of every movie’s particular person finances.
With all this laid out, it’s a query of what’ll occur with KPop Demon Hunters 2, distribution-wise. Business folks advised Belloni they doubt the primary film would’ve taken off like this if it got here to theaters first, largely as a result of unique animated films have had a tough go in theaters, and KPop itself steadily constructed up momentum over time. However Netflix’s dislike of theatrical releases has simply resulted in Stranger Issues creators Matt and Ross Duffer going over to Paramount, and Sony is aware of tips on how to market and distribute films for the massive display. Whether or not Netflix comes alongside for the experience, it most likely gained’t be lengthy earlier than we’re listening to from Huntr/x once more.
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