Oscar Winner ‘Parasite’ Was Failure at Box Office

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By Douglas A. McIntyre Published
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Oscar Winner ‘Parasite’ Was Failure at Box Office

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“Parasite,” the surprise Best Picture winner at the Academy Awards, has been a particularly poor performer at the box office. The South Korean film, which was released on November 8 in the United States, has done domestic ticket sales of just over $35 million.

As a contrast, “Joker,” was another candidate for Best Picture, had domestic box office sales of $335 million, the top among the Best Picture nominees. “Parasite” ranked only sixth among these films.

The “Parasite” win shows that box office success may mean little or nothing when the Academy’s members pick the top film. Ticket sales were not even lifted by strong reviews. “Parasite” received a 99% rating among critics tallied by review site Rotten Tomatoes. It received an audience score of 92%. Both figures are unusually high.

The movie, with the South Korean title “Gisaengchung,” uses English subtitles for audiences in the United States, which makes the movie an even less likely success. It is already available to stream and on DVD and Blu-Ray, which is unusual for a film released so recently.

“Parasite” joins a list of other Best Pictures that did poorly at the box office. “Rebecca” did $6 million in 1940. The year before, “Gone with The Wind” did $198 million. “Gentleman’s Agreement” did $7.8 million in 1947. The year before, “The Best Years of Our Lives” did $26.3 million. “Gigi” did $7.3 million in 1958. Best Picture “Ben-Hur” did $73 million in 1959. “A Man for All Seasons” did $28.4 million in 1966, the year before “The Sound of Music” did $163 million. “Braveheart” grossed $75.5 million in 1995. The year before, “Forrest Gump” grossed $330 million.

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Does a good box office showing help a movie win the Academy Award for Best Picture? Apparently not.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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