Traditionally, memorial day weekend is the start to the summer for most people in the U.S. including the box office, but recent years have seen some of the years bigger films open as early as April and this years box office suffered, heavily. It suffered so bad in fact, that this is the lowest box office turnout we've had for the four day weekend since 2001. It was so slow that not even a Disney movie could turn out their expected profit but the real problem here is the remake of the 1982 horror classic, Poltergeist, that managed to bring in a fair 28 million dollars (which, against a 35 million dollar budget isn't so bad,) the problem is this films underwhelming debut spells trouble for another remake, Stephen King's "It." True Detective director, Cary Fukunaga, stepped away from the project this past weekend citing, "budgetary disputes," as being part of the reason he left. Various sources have also claimed that New Line, the company behind the remake, was afraid to give the project too much money because of the low earnings that came in from Poltergeist. Regardless of what happened behind the scenes, it seems as though for the moment that the project is shelved, indefinitely. So only time will tell if we will get to see Pennywise again.
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