Culture
Group of children enjoying a movie at the cinema
Getty Images
PG GONE MAD

Kid-friendly films are the backbone of the box office these days

“Moana 2” and “Wicked” might just be enough for PG movies to outearn PG-13 movies for the first year on record.

Tom Jones

Six months on from when “Inside Out 2” was breaking all the records and being hailed as the savior of the 2024 box office, it seems that showing family-friendly films is still the surest way to pack a movie theater out, as “Wicked” and “Moana 2” help PG-rated movies soar to their best box-office performance in almost 30 years.

So far this year, PG-rated movies have accounted for just over a third of domestic box-office ticket sales, according to data from The Numbers. That’s the highest share of the market they’ve occupied since 1995 (as far back as the box-office analysis site’s figures go).

Rating movie shares
Sherwood News

“PG,” as a Comscore senior analyst told Axios recently, “is the new PG-13.” It’s also, essentially, the new “G” — a rating that has mostly gone extinct at the US box office, as moviemakers aim to pull off the oh-so-lucrative combo of appealing to both kids and adults, a feat that generally requires a little more daring than what’s allowed in “G.” That audience, the preschool generation, is now increasingly catered for at home via streaming services.

The plot sweet spot

When the Motion Picture Association introduced the PG-13 rating some 40 years ago — thanks, weirdly, to Indiana Jones and the Gremlins — it created a box-office behemoth, with studios rushing to make flicks that were just edgy enough to appeal to movie-loving youngsters but nowhere near grizzly enough to give them sleepless nights. That’s proved a pretty dependable formula for seat filling, with the same data from The Numbers showing that movies with the PG-13 label have outearned every other rating in every nonpandemic year in North America this century. 2024 could finally end that streak.

If “Moana 2”’s record-shattering start runs on, it’ll be tighter than ever, and, as history can attest, PG moviegoers are just like the rest of us: they love a good follow-up. Indeed, of the top 15 highest-grossing PG-rated films of all time, 10 are later installments in a series or remakes.

Top PG movies chart
Sherwood News

More Culture

See all Culture
culture

Netflix climbs ahead of “Stranger Things” streaming premiere amid reports it is ramping up its efforts to acquire WBD

The final season of Netflix’s tentpole franchise “Stranger Things” debuts on the streamer at 8 p.m. ET on Wednesday, and its stock appears to be safely out of the upside down.

Netflix is trading up about 2% on Wednesday, on pace for one of its better days in the past three months. The stock has closed up more than 3% only a dozen times this year.

Potentially boosting investor optimism is a New York Post report from Tuesday evening that the streamer has ramped up its efforts to acquire Warner Bros. Discovery. According to the Post, Netflix has made a case to the WBD board that antitrust concerns may not be warranted because Netflix competes not just with other streaming companies but with a larger pool of content providers, such as YouTube and TikTok. If Netflix’s legal team is right, the idea could pave the way for the world’s largest streamer by subscriber count to buy the fourth-largest.

At least one major Hollywood player is rooting against the company in the WBD bidding war. “Titanic” and “Avatar” director James Cameron this week said that Netflix acquiring WBD “would be a disaster.”

Morgan Stanley analysts have also argued that Netflix’s pursuit of these studio and streaming assets was creating headaches for its investors.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.