"Elio" Ticket Sales Record Low
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animation sequelsCNBC
•Entertainment
Entertainment
Pixar's 'Elio' is emblematic of a bigger headwind for Hollywood
72% Informative
"Elio" tallied just $21 million in ticket sales during its first three days in theaters.
Animation as a whole has seen sequels outperform new stories in recent years .
The movie industry has long relied on franchise films to drive revenue at the box office.
"For audiences, sequels are comfort food," said Peter Cathy , chairman of Creative Creative Media.
Since 2016 , no more than five films in the top 20 highest-grossing domestic releases each year have been original titles.
The saving grace for original fare like "Elio" is the potential for a second wind.
The films could still have long runs in theaters, collecting ticket sales in the weeks after opening weekend .
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