Are horror movies seeing a massive slump? A veritable market correction? That’s what the Los Angeles Times thinks. Says the Times, “Last year, the studios released 23 horror movies. This year the tally will be 42, nearly double, and too often the take at the box office has been anemic, leaving studios and distributors with lots of red ink gushing through the bottom line.”

The paper cites The Reaping, starring Oscar winner Hilary Swank, as an example. Sources say it cost $65 million to make. But it only pulled in $25 million in U.S. box office sales.  That’s just one example. The graveyards are littered with horror movies that tanked.

But Dimension’s CEO Bob Weinstein tried valiantly to put things into perspective.

"There became a glut of so many horror movies, and I think the audience is oversaturated," says Dimension Co-Chairman Bob Weinstein, who launched the horror film craze with the satiric slasher flick "Scream." "Sometimes the industry has the habit of making the same movies over and over again."

He’s got that right. But horror movies don’t take a huge amount of money to produce, at least compared to blockbusters like “Spidey 3.” Heck, indie filmmaker Larry Fessenden does it on the cheap and has come up with some truly atmospheric scare-fests (like “Wendigo”). 
 

All the genre needs is a new twist, a new way to tell the tale, says the Times in its insightful, three-page story. I bet there are tons of tantalizing new tales out there. Someone’s gotta have the balls to make them, though.