2017 was one of the biggest years for horror ever, at least when it comes to box office receipts. Not only did IT haul in a massive $700 million worldwide, but smaller releases like Get Out, Split, and Annabelle: Creation all made huge bank too.
While it remains to be seen if 2018 will play host to a horror release even approaching the success of IT, the first major fright flick of the year just opened to quite the impressive total. The fourth entry in the Insidious franchise, The Last Key explores the tragic backstory of psychic investigator Elise Rainier (Lin Shaye).
The Last Key isn’t exactly a hit with critics, but as is often the case, horror fans really didn’t seem to care what the critics thought. While Insidious 4 didn’t quite top the weekend – that honor went to The Rock’s Jumanji: Welcome to the Jungle – the sequel did at least knock off Star Wars: The Last Jedi to take the #2 spot.
As usual for the series, Insidious: The Last Key was made on a pretty small budget of only $10 million. While industry projections placed The Last Key around the $20-24 million opening weekend mark, the film outperformed those expectations, earning $29.2 million, and nearly tripling its budget.
That nearly $30 million haul makes The Last Key the second-highest opening in the franchise, behind Insidious: Chapter 2’s abnormally high $40.2 million. The sequel also picked up an additional $20.1 million overseas this weekend, for a worldwide total so far of $49.3 million.
If Insidious: The Last Key continues at this pace, it will likely cross the $100 million mark worldwide once again, making it another highly profitable installment in the franchise. While The Last Key seemingly wrapped up Elise’s story, it wouldn’t be too surprising to see Insidious 5 in a few years.