Sunday AM Writethru: Following Saturday post, refreshed for chart and updated analysis. There is a lot of good news waiting at the box office, but we are not quite there yet.
The Los Angeles box office market (more than $ 900 million in 2019) will only start waking up next weekend, and then the industry’s only headache is waiting for capacity constraints to rise beyond the current 25%, which is currently limited by NYC and LA.
Of the 5.8,000 theaters in the U.S. and Canada, only 51% are currently open this weekend; this despite the fact that Disney says that 80% of the local market is capable of functioning in terms of total gross capacity. The New York DMA, which again includes five NYC districts this past weekend, is only 44% open. But there are parts of Canada that live, namely Quebec with 73%, Saskatchewan with 55%, and Yukon, Northwest Territories, Nunavut with 100%. The province of Toronto, Ontario, is only opening at 20%.
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While the BO is still recovering, Disney’s second weekend of Raya and the last dragon, which is also available on Disney + for an extra $ 30 to subscribers, leads this weekend with $ 1.5 million Friday, $ 2.6 million Saturday, and an expected $ 1.4 million today for a total second weekend of $ 5.5 million, -35% in 2 163 places (+118) and a 10-day gross of $ 15.8 million. Friday was 42% less. Nancy will have more, but Raya earned $ 11.5 million in its second overseas weekend for a combined $ 17 million WW, bringing its global total to $ $ 52.6 million.
Although we were very nervous about this new day and date theater Disney + model, those who are aware of Disney’s distribution maneuver believe that it was merely an experiment and did not release the entire future of the theater, and that the release of the day and date stream are not part of their long-term plans for the Burbank, CA, to bank on their lead. Word is that Disney heard the message loud and clear from exhibitors such as Cinemark, Harkins and others who refused to play Raya, and the film clearly suffers from the absence of chains in the box office equation. The biggest ouch here for Raya? Not the Cineplex of Canada.
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Meanwhile, the New York DMA was the second box office market in the country in its second weekend of reopening cinemas in NYC. While Friday and Saturday together earned $ 768.9K last weekend en route to a $ 1.07 million weekend, the last two days were 33% lower, earning $ 517.9K combined per statistics we received from sources. We can largely say that this is due to the large family rate in the market, plus capacity constraints. NYC, along with LA, is the capital of theater for arthouse films. While large studios can contest multiple showtimes with limited capabilities, it’s a different story for independent films that rely on a handful of screenings in as many locations as possible. The general weekend’s other top markets at the local BO were (over two days gross) Salt Lake City ($ 422K), Dallas-Fort Worth ($ 375K), Phoenix ($ 309K), Chicago ($ 263K), Houston ($ 210K )), San Francisco ($ 205K), Detroit ($ 194K), Minneapolis ($ 168K) and Seattle ($ 159K).
On the downside for NYC, we hear that Warner Bros.’s 70MM Tenet on the AMC Imax Lincoln Square sells out every showtime, a good sign of life that film is going to return. This feature, directed by Christopher Nolan, will appear next Friday at approximately 13 locations in Los Angeles, including the AMC Citywalk at Universal Studios.
Warner Bros. Pictures
Warner Bros. ‘ Tom & Jerry estimated to have a gross income $ 1 million on its third Friday, -37%, $ 1.9 million reported on Saturday for a 3-day World Cup $ 4.1 million, -38% at 2,454 theaters (-109), and a running total of $ 28.2 million. The photo is currently on for another 15 days on WarnerMedia’s subscriber streaming service HBO Max before theaters will have it exclusively in the second month of the photo.
Lionsgate’s Chaos Step in weekend 2 is the 3rd place with a $ 647K Friday, $ 1 million Saturday, and $ 601K today for a 3-day from $ 2.25 million on 1,995 sites (+15), -40% and a running total of $ 6.9 million by Sunday.
Fourth goes focus functions’ Boogie in weekend 2 with $ 220,000 Friday, -50%, $ 320K Saturday for a 3-day of $ 730 thousand, -39%, at 1 272 theaters (+20) for a ten-day run today from $ 2.27 million.
And fifth goes to the family sleep that does not stop, Universal / Dreamworks Animation Croods: A New Age, what a Friday in the weekend 16 of $ 120K, -41%, $ 240K on Saturday, a 3-day of $ 520K, -34%, at 1 440 theaters (-164) and a running total of $ 54.3 million.
Sony Classics follows the light of Searchlight Nomadland and no gross reporting for the opening weekend of 2008 The father. It was the only notable release of the weekend, but not wide (determined as more than 1K theaters). The Anthony Hopkins-Olivia Colman Awards Season contestant was booked at 865 venues, which according to industry estimates (reviewed) $ 97.5K Friday, $ 135K on Saturday (+ 38%) on the way to a three-day debut of $ 312.5K at the number 10 place, for a per-theater of $ 361. Sony, big and small, is protecting its box office numbers from competing distributors in Comscore. Big Sony, however, was very good at reporting Sunday AM. The father, directed by Florian Zeller, is 99% certified on Rotten Tomatoes and armed with four Golden Globe numbers, two SAG numbers for Hopkins in the lead role and Colman as supporting and six BAFTA numbers. Hopefully this does not become the new norm among Oscar contenders whereby distributors start hiding lure results to protect the reputation of the photo during the awards season.
Telugu’s comedy directed and written by Anudeep KV also broke into the top 10 Jathi Ratnalu who made an estimate $ 460 thousand at 130 places. The photo follows three prisoners who are released and plan for a happy life outside. Events take a new turn and bring a turn. Can they now find happiness and love? I hear figures were OK in New York, Dallas, San Francisco, Detroit, Seattle and Austin.
Speaking of the fact that he did not report the box office numbers, the two-time Golden Globe winner Nomadland Searchlight is estimated to be gross $ 117.5K in its sixth weekend at 400 sites (-220), repeating a 42% decline and a running total of $ 1,529 million. This weekend’s set for the film directed by Chloe Zhao is $ 33K on Friday, $ 48.5K on Saturday and $ 36K today.
The audience on PostTrak on Screen Engine / Comscore was strong, 84% positive and a recommendation of 54%. Guys turned up at 52%, with 76% over 35, and the biggest single demo was 55+ at 39%. This is very good news, because some in distribution circles are worried about the older demo returning to the cinemas while Covid is silent. It is clear that The father show that they want to come back. The breakdown of the diversity was 78% Caucasians, 11% Spanish, 5% Blacks and 6% Asians.
Big Sony directs Stephen Basilone Langnaweek on 814 sites, with an OK 71% fresh Rotten Tomatoes rating for this romantic comedy. Sony has a Friday of $ 87K, $ 96K Saturday, $ 62K Sunday for a 3-day of $ 245 thousand in place 11. Bad exits here at 55% and a definite recommendation of 32% on PostTrak. Fifty-eight percent of women bought tickets, 81% older than 25, with the largest single demo of 45-54 year olds at 24%. Diversity demos were 67% Caucasian, 12% Spanish, 13% Black and 8% Asian.
As we first told you, today Cinemark is slowly opening the doors to its Long Beach, CA site, followed by theater reopening in the provinces of Orange, Placer, Contra Costa and San Bernardino. The chain no. 3 will continue to reopen in LA in the near future, and by March 15, 90% of the national circuit will be open. AMC reopens its Burbank and Century City hubs Monday.
Some distributors speculate that Disney will have about 4.2,000 theaters Black widow open on 7 May. As we always said, this is going to be a gradual return to the box office, not an elevator. May, however, brings a great deal of hope, with Black widow, Paramount’s A Quiet Place, Part II, 20th Free man, Sony’s Peter Rabbit 2: The Runaway and Disney’s Cruella. This is the kind of group of movies needed to lure moviegoers back, not a single movie, ala Tenet.
Weekend from 12-14 March:
1.) Raya and the last dragon (Dis) 2,163 theaters (+118), three-day: $ 5.5 million (-35%), total: $ 15.8 million/ Wk 2
2.) Tom & Jerry (WB) 2,454 theaters (-109), three-day: $ 4.1 million (-38%) / Total: $ 28.2 million/ Wk 3
3.) Chaos Step (Lionsgate) 1,995 theaters (+15), 3-day: $ 2.25 million (-40%) / Total: $ 6.9 million/ Wk 2
4.)Boogie (Focus) 1,272 theaters (+20), three-day: $ 730 thousand (-39%) / Total: $ 2.27 million/ Wk 2
5.) The Croods: A New Age (Uni) 1 440 theaters (-164), 3-day: $ 520K (-34%) / Total: $ 54.3 million /Wk 16
6.) The shooter (Open) 1 105 theaters (+55) / three-day: $ 465 thousand (-7%) / Total: $ 13.6 million/ Wk 9
7.) Jaithi Ratnalu (Telugu) 130 theaters, three days: $ 460 thousand/ Wk 1
8.) The little things (WB) 1,303 theaters (-145), three-day: $ 400K (-27%), total: $ 14.2 million/ Wk 7
9.) Wonder Woman 1984 (WB) 1 139 theaters (-78) / three-day: $ 400K (-20%) / Total: $ 44.95 million/ Wk 12
10.) The father (SPC) 865 theaters, three-day: $ 312.5K / Wk 1