There are two primary factors why horror will always be popular with movie studios. The first is that the horror audience is fiercely loyal. The second is that by and large, good horror movies can be made on the cheap.
For example, 47 Meters Down only cost about $5 million to produce, but went on to earn over $60 million at the box office. Amusingly, the film came close to going direct to video before being saved by Entertainment Studios.
Now, a sequel called 47 Meters Down: Uncaged is headed to theaters, although it’ll now be swimming into multiplexes nearly two months later than originally planned. I guess killer sharks operate on their own schedule.
As revealed by Bloody Disgusting, 47 Meters Down: Uncaged has been delayed from an announced June 28th theatrical release to an August 16th release. No reason was given for the move, but one can take a good guess.
It’s likely that 47 Meters Down 2 was bumped back in order to avoid heavy competition. Annabelle 3 releases on June 28th, while MGM’s Child’s Play remake comes out on June 21st. No other horror comes out on August 16th.
Only loosely connected to the original, 47 Meters Down: Uncaged focuses on a group of teens who go diving in remote underwater ruins, only to encounter a species of man-eating sharks rarely seen by surface dwellers.