It is entirely possible that Universal is making a smart move here, however. As previously stated, horror movies often do well in theatres. There are plenty of examples of small, indie horror films that no one would have expected anything from arriving in theatres and shattering box office records. Add to this fact that Candyman is hardly an indie release, that it has a built-in fanbase and that one of the creative forces behind it is Jordan Peele, and there’s every reason to believe things will work out just fine.
According to a Universal press release, the upcoming reboot has been pushed back again—this time to an unset date in 2021. The reason given is. of course. related to COVID-19 concerns, with Universal wishing to pursue a theatrical release when the time is right. Horror films are generally known to be crowd favorites, and in this particular case, the franchise already has a built-in audience, so Universal’s desire to wait things out in hopes of being able to capitalize on cinema screenings does make sense.