'Obsession' Surpasses 'Blair Witch Project' as Highest-Grossing Festival Acquisition, Nearing $300M Globally
By
Anthony D'Alessandro
Summary
Focus Features/Blumhouse's horror film 'Obsession' has reached a global box office of $286.5M, making it the highest-grossing film ever acquired at a film festival, surpassing 'The Blair Witch Project's $248.6M. The film, starring Nikki and Bear in a toxic relationship, was acquired after its festival premiere and has captivated audiences worldwide from the UK to India, Mexico, and Saudi Arabia.
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Key quotes
· 3 pulledFrom UK to India to Mexico and Saudi Arabia, moviegoers are transfixed by Nikki and Bear's toxic relationship as Focus Features/Blumhouse's Obsession now counts a running global cume of $286.5M.
That arguably makes it the highest grossing movie to ever be picked up at a film festival (that is after being auctioned post premiere; not a market package ala when Paramount acquired Denis Villeneuve's Arrival out of Cannes), beating Blair Witch Project's reported final global of $248.6M.
That found footage horror pic was acquired out of Sundance 1999 for $1M+ by Artisan.
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