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Speed Racer's Box Office Flop Explained

By Josh Tyler: 2008-05-12 04:02:27

Speed Racer's Box Office Flop Explained The final numbers aren’t in yet, but it doesn’t matter. Speed Racer is officially a tremendous flop. Early estimates indicate that it only made $20 million opening weekend, and even that as it turns out, may be generous. By way of comparison, Iron Man made $100 million its opening weekend, and $50 million this weekend. Those are the kinds of numbers you expect from a summer blockbuster people actually want to see.

Over the next days and weeks as Speed Racer quietly slips out of theaters, there’s going to be a lot of talk as experts point fingers and try to figure out what the hell went wrong. However to me, the answer seems obvious.

Speed Racer is first and foremost a kids’ movie. That should have worked for it. It’s been months since we’ve had an even halfway exciting kids’ movie, and usually when that happens the next one to show up in theaters makes a mint. Speed Racer had the jump on all the other summer children’s films. It was the first. It should have been sold out with Mom’s dragging hordes of pre-teens in to see the Wachowski brothers’ brightly colored racing movie.

Except whoops. They forgot to tell parents that this was a kids’ movie.

Sure the trailers had a lot of bright colors and vroom vroom noises, but it was never entirely clear that this was a movie for kids. Most of the ads touted that it was the latest from the creators of The Matrix, a series of films known for being R-rated and violent. Others were attached to corporate sponsorships for boring, adult things like insurance. Few of the most heavily used advertisements were clearly geared towards youngsters. Instead, nearly all of the trailers and TV spots seemed to be struggling to strike a confused middle ground, in a weird attempt to appeal to everyone, while all they really accomplished was to appeal to absolutely no one.

Warner Brothers never quite caught on to the fact that adults were not going to be interested in this thing, no matter how they advertised it. Maybe their researchers spent too much time on fanboy sites like the increasingly out of touch AICN, allowing the niche audience there to convince them that there was this huge fanbase for Speed Racer, when in fact it’s a crappy cartoon which most people barely remember, and of those that do few think of it all that fondly. Note to Warner Brothers: Harry Knowles likes a lot of crap. He doesn’t really represent the mainstream, he doesn’t even represent the mainstream geek crowd, he represents a tiny subset of people which apparently, are worth about $20 million at the box office. That’s who you got into the theater this past weekend. The very small crowd that comprises Speed Racer fans, and a few stragglers who weren’t already totally disillusioned by the way the Wachowskis' ruined The Matrix.

Speed Racer blew it in marketing. They needed to sell this thing solely to pre-teens, and they didn’t. The result was a movie which adults had no interest in and parents were never quite sure was meant for their kids. Welcome to flop city Speed Racer. You had it coming.



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  1. R Says:

    Josh,
    You hit the nail on the head. Making a movie about a crappy cartoon will only yield a crappy movie. I remember the cartoon and even as a kid I thought this was nonsensical garbage I think what possessed the Wachowskis to undertake such a project was nothing but pure ego. Opinions aside they cleaned up on the matrix franchise (Star Wars of the modern day) and I suspect they decided that they could take the Speed Racer cartoon and turn it from a proverbial lump of coal into a diamond…

  1. Rory Conaway Says:

    I agree that the marketing screwed up. However, the entire concept of the movies was screwed up and the execution was even worse. To start with, either make it a cartoon or make it real life. The integration of the two was horrendous. The car racing scenes were terrible from the standpoint of too much faked action that moved way too fast, too hard to track what was really going on. It was well over the top in glitzy cartoon graphics. I was hoping for a real life version of speed racer more than a cartoon. All in all, a stupid movie that had nothing for adults or kids. It needed much more clever writing, less glitz, less cartoon, and more realistic type of action. Matrix 3 was the downfall and this was the result. Oh well, maybe they will get the Hulk right the second time also.

  1. Mikey Says:

    Absolutely correct regarding the wacky marketing...being 'all things' rarely works in any walk of life.

    But that's certainly not to say that this movie is bad. In fact, any adult fan of film as an "art form" (or any of us with a living, breathing kid still inside) will find this movie vivid and exhilerating beyond belief.

    I knew what I was getting into 45 seconds into 'Speed Racer', and the smile on my face didn't leave for 2 hours and 15 minutes.

  1. Charlotte Guymon Says:

    My only problem with "Speed Racer" was that if it was for kids, it was too long.

    Critics are part of the reason "Speed Racer" failed because people don't want to spend money on a movie that isn't good. The biggest problem was that the critics love to write long reviews and negative reviews can use all of their nasty vocabulary than their stunted knowledge of a good vocabulary. Also they are like sheep...one noted critic leads all the other critics' reviews as they are afraid not to follow along, and sound like they don't know what they are talking about.

    Also we are so used to seeing so much filthy material on TV and in films that when we see something that is old fashioned just good fun filming we don't know how to just "kick-back" and enjoy it without analyzing it to death, and trying to find out why it should be seen, or why oh why it has failed to be a success.

    A lot of people I know have quit going to movies because of the material that is shown. The movie industry is not doing so well in the US and why they don't wise-up that people don't like the material that is shown is a mystery.

  1. Gordon Wily Says:

    I agree that marketing was not well played. And yes, it didn't seem to be advertised as a children's film too much. However, I really don't see how anyone could watch any of the trailers and see it as anything but. Citing the older cartoon series should only cement that impression.

    That would be like analyzing Tim Burton's Willy Wonka remake and stating that nobody really knew whether it was supposed to be a children's movie, especially given Burton's history of dark films. Except people had a clue.

    I also think stating the AICN website as some kind of 'test center' cornerstone is presumptuous, and also very much 'out of date'. I don't know that many people who see the site as anything more than a load of noisy sheep who are only interested in voicing hipshot opinions. I don't think you did your analysis any facors by including that comment, Josh.

    I think using the term 'crappy' to describe the film is abit shallow and condemning, especially if you're going to rate it as a kid's film, in accordance to what kids like. As for the older series, I don't recall many franchises from that era of the 60s that aren't going to look incredibly dated and tacky. So, again, a poor reference, really.

    On the other hand, the Transformers movie was somewhat 'crappy', too, so maybe there's truth in the theory. The lesson being, don't appeal to an audience that's older than their 30's, for an aged children's show. All of Speed's audience would be in their 40's or 50's.

  1. Willow Says:

    I think there are a lot of people who wanted the movie to be good, but were so disenchanted by it they didn't bother to see it. That feeling seems to happen more than not lately.

    My daughter had a birthday recently and we had a party for her at a movie theater. We could have chosen Speed Racer, but instead we opted to bring in a DVD of Alvin and the Chipmunks. Cat in the Hat was even on the short list while Speed Racer was never even in consideration simply because the ads for it made it look like some hyper, violent, extra loud movie. Maybe it was good, but I agree, the marketing for the movie was what killed it even before it had a chance.

  1. max Says:

    the color was too bright,it hurts my eyes!! talk about crappy movie,i even saw people leaving the cinema after watching 15 minutes of this horrendous garbage called "speed racer"!!

    ps: my frens & I left after the 1st race.we decided it was way too much for us!This movie sux big time!!

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