‘Encanto’ Falls 73% But ‘No Time To Die’ Tops ‘Hobbs & Shaw’

‘Encanto’ Falls 73% But ‘No Time To Die’ Tops ‘Hobbs & Shaw’

The post-Thanksgiving weekend is generally filled with sharp drops for holdovers, and this year was no exception. Walt Disney’s Encanto earned $2.97 million on its second Friday, falling a harsh 73% and setting itself up for a $12.29 million (-55%) second weekend gross. To be fair, a 73% Friday-to-Friday drop is absolutely on par with previous Disney Thanksgiving releases. Frozen dropped 75% on its second wide release Friday, and it’s a better hold than The Good Dinosaur which fell 78% on its tenth day. However, the opening weekend grosses ($40 million) are basically half of what was previously expected in pre-Covid times from a Thanksgiving Disney toon, so that it didn’t hold any better isn’t exactly good news.

The acclaimed Colombian folktale will have just $57.5 million in ten days. That’s about what The Good Dinosaur bombed with ($55 million) in is initial Wed-Sun debut in 2015. If it legs like Ralph Breaks the Internet and The Good Dinosaur (around 1.6x its 12-day total), Encanto will end with over/under $95 million. If it legs like Moana, Coco and Tangled (around double its 12-day cume), it’ll end just under $120 million. It could pick up steam like Frozen (2.9x its post-Thanksgiving weekend cume) and end up topping $170 million, but that’s unlikely.

As tempting as it is to just blame Covid, audiences are showing up to Ghostbusters: Afterlife, Venom: Let There Be Carnage and Halloween Kills in as-expected numbers. I fear the real issue is a hesitancy, going back to well before Covid, of folks to show up for an original or non-sequel toon.

Sony’s Ghostbusters: Afterlife earned $2.71 million (-72%) on its third Friday, setting the stage for a $9.64 million (-60%) weekend as it tops $101.5 million by tomorrow night. That’s a third-weekend hold on par with the first Fantastic Beasts (-60%), implying that Afterlife might just stick it out over the Christmas holiday and end up with close to triple its $44 million domestic debut.

That’ll give it around $130 million domestic, or on par with the $126 million cume of Ghostbusters: Answer the Call. But, again, this legacy sequel cost just $75 million compared to the $144 million spent on the last one. Sony did the exact opposite thing and got the same result, but they budgeted in expectation of just such a thing. So now Afterlife will probably get a $90-$110 million sequel.

MGM’s House of Gucci, for which Lady Gaga just won Best Actress at the NY Film Critics Circle awards, earned $2.14 million (-63%) on Friday for a likely $7.26 million (-50%) weekend and $34.128 million 12-day cume. That’s not a spectacular hold, but it’s right between Creed (-49%) and Creed II (-53%) so there’s little cause for alarm. That’s especially true if it remains in the Oscar race.

Disney’s Eternals earned $1.06 million (-66%) on Friday for a $3.85 million (-51%) fifth-weekend gross and $156.4 million domestic cume. Eternals is going to sell fewer tickets in North America than any prior MCU film, besting even The Incredible Hulk ($132 million in 2008/$171 million adjusted). Marvel will be fine, but it’s hard to argue that Eternals is anything other than Marvel’s second genuine bomb.

Sony’s Resident Evil: Welcome to Raccoon City earned $750,000 (-62%) on Friday for a likely $2.49 million weekend. A 53% drop isn’t awful for a movie like this, but we’re still looking at a $13 million 12-day total, on par with the underwhelming $13.6 million Fri-Sun debut of Resident Evil: The Final Chapter in January 2017.

Warner Bros. and Legendary’s Dune earned another $770,000 (-6%) on account of returning to IMAX for this week only. We can expect a $1.74 million (-16%) seventh weekend for a $104.5 million domestic cume. It opens in Australia this weekend, so we could know by tomorrow whether it has a shot in hell at topping $400 million worldwide. Clifford will earn $1.65 million (-67%) for a $45.6 million 24-day cume. Call it a “successful disappointment.”

Warner Bros.’ King Richard, which nabbed the Best Actor prize from the National Board of Review, earned just $360,000 (-74%) on Friday for a $1.22 million (-63%) weekend and $13.42 million 17-day cume. When WB slates an almost entirely IP-driven slate for theaters next year, we have only ourselves to blame.

Venom: Let There Be Carnage will earn $900,000 (-43%) for a $211 million domestic cume as No Time to Die earns $800,000 (-53%) for a $159.4 million domestic total. It’s currently past $760 million worldwide and Hobbs & Shaw ($759 million). That means, for what it’s worth, James Bond 25 has out-grossed the last two Fast & Furious movies. Kenneth Branagh’s Belfast has earned just $5.833 million domestic, although Wes Anderson’s The French Dispatch has stuck around and will cross $15 million domestic tomorrow.

Paul Thomas Anderson’s Licorice Pizza will earn $205,000 (-41%) in four theaters for a still-huge $51,318 per-theater average. That’s double the per-theater averages that The French Dispatch and C’mon C’mon earned on their opening weekends. That may not mean anything for its mainstream potential, as it’s still a star-free, non-IP, period piece coming-of-age story, but it sure as hell doesn’t hurt the film’s award season momentum. I’d like to think that MGM will expand the movie just a bit between now and Christmas, as the interest (relatively speaking) is clearly there. Anyway, the $40 million Cooper Hoffman/Alana Haim dramedy has earned $743,000 in ten days.

Source link