Scary and Profitable: Horror's Box Office Winners
A look at the highest-grossing horror films of all time.
Oct. 31, 2007 Special to ABCNEWS.com — -- Few horror flicks achieve blockbuster status, but plenty make frightfully good coin.
Scary movies have been around since a German vampire named Nosferatu made his silent-screen debut in 1922. Thanks to their generally low production costs and freakishly devoted audiences, many of these shock fests are goldmines, especially for smaller studios looking to build a rep.
The Halloween spirit helps too. Two weeks ago, stylish vamp flick 30 Days of Night, brainchild of Ghost House Pictures and Sony Entertainment, was the box-office leader with $16 million in ticket sales--trumping Ben Affleck's directorial debut, Gone Baby Gone ($6 million) and the Rendition ($4.1 million), starring Jake Gyllenhaal and Reese Witherspoon, both of which opened the same weekend.
"Horror is the genre that small distributors exploit to build their studio, like New Line in the 1980s [with The Nightmare On Elm Street franchise] and LionsGate now," says Brandon Gray, founder and president of Box Office Mojo, a movie-research company.
Click here to see the highest grossing horror flicks of all time at our partner site, Forbes.com.
While eight of the 10 highest-grossing horror movies appeared before 1980, studios are still gleefully butchering. One of them, LionsGate Entertainment, has made some 20 horror movies since 2000, including the grisly Hostel and Saw series. The fourth Saw installment is due out Oct. 26.
Most horror movies don't break the $100 million mark at the domestic box office, but they do appear quite profitable. "It doesn't cost a lot of money to create scares, and [the studios] don't have to higher elite talent," says Gray.
According to Box Office Mojo, the Saw movies have brought in $228 million in ticket sales so far, though the films only cost $15.7 million to produce (all dollars adjusted to current prices). Hostel has nabbed $64.9 million in receipts on just $15.1 million in production costs.
Production does not include marketing expenses, which could be a fraction of--or in the extreme, slightly more than--the production costs. That still leaves a heap behind. Throw in aftermarket sales from rentals and DVDs and many horror flicks look like cash cauldrons.
