A24 Releases $200 Million Movies Now

Key Points:

• A24's horror film "Backrooms," directed by 20-year-old YouTube creator Kane Parsons, has become a global hit, grossing $213 million worldwide in just its second weekend, marking the first A24 film to surpass $200 million globally.
• The film opened at number one in 42 international territories and set records for A24's best openings in the UK and 40 other countries, outperforming previous A24 successes like "Marty Supreme."
• Despite a 68% domestic drop in its second weekend, "Backrooms" is expected to maintain strong long-term prospects, signaling A24's ability to produce blockbuster-level hits with modest budgets and niche IP sources.
• A24 is also investing in bigger projects like Alex Garland's upcoming "Elden Ring" adaptation, indicating a shift toward larger-scale productions while maintaining the studio's signature taste and subversiveness.
• This success marks a new era for A24, transitioning from indie sleeper hits to major commercial successes, though the nature of their next breakout film remains uncertain.