Why a big budget is fatal at the box office for Stephen King movies

The summer 2017 blockbuster movie season amassed another high-profile casualty last weekend when “The Dark Tower” underperformed at the U.S. box office. Sony’s

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  $66 million movie version of the Stephen King sci-fi fantasy epic generated $19 million in its first three days of release. While that was enough to make it the highest-grossing movie during a slow weekend, movie industry analysts now forecast “The Dark Tower” will earn just $55 million to $60 million domestically.

There have been 61 films and 28 TV movies adapted from King’s novels and short stories ever since Brian De Palma’s “Carrie” in 1977. Filmmakers including Rob Reiner, George A. Romero and Taylor Hackford have all brought King’s horror and fantasy tales to the screen.

Many of the adaptations, like “The Dark Tower,” have underwhelmed critically and commercially. But King, now 69 years old and residing in Bangor, Maine, has never been hotter in Hollywood.

A new version of his 1986 horror novel “It” will be released next month by Warner Bros.

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The Fantastic Fest in Austin next month will premiere two new King movie adaptations released by Netflix

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