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Horror Hit 'Obsession' Becomes Highest-Grossing Festival Acquisition Ever

Source: The Hollywood ReporterView Original
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The horror film 'Obsession,' directed by Curry Barker, has officially secured its place in cinematic history by becoming the highest-grossing festival acquisition of all time. With a global box office haul of $225.5 million, the film has surpassed the long-standing record held by Michael Moore’s 2004 political documentary 'Fahrenheit 9/11,' which previously earned $222 million. Focus Features secured the rights to the project at the Toronto International Film Festival for approximately $15 million following a highly competitive bidding war against industry heavyweights like A24 and Neon.

'Obsession' has demonstrated remarkable staying power, defying typical box office decay patterns. The film achieved the rare feat of earning more in its second and third weekends than in its opening, a trajectory not seen since the 1982 release of 'E.T.: The Extraterrestrial.' Furthermore, its minimal 7 percent decline in its fourth weekend solidified its status as the most successful global release in the history of Focus Features, effectively eclipsing previous studio benchmarks.

This milestone highlights a significant shift in the value of festival acquisitions. While 'Fahrenheit 9/11' relied on political controversy and a Palme d'Or win to drive its success, 'Obsession' has proven that a well-executed genre film can achieve massive, sustained commercial appeal through word-of-mouth momentum. For Focus Features, the $15 million investment has yielded an extraordinary return, cementing Curry Barker’s status as a rising force in Hollywood and demonstrating the continued viability of theatrical horror as a primary driver for studio growth.

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