Home BUSINESS Weekend Box Office: ‘Shang-Chi’ Tops $400M Worldwide As ‘Venom 2’ Nears $200M

Weekend Box Office: ‘Shang-Chi’ Tops $400M Worldwide As ‘Venom 2’ Nears $200M

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Weekend Box Office: ‘Shang-Chi’ Tops $400M Worldwide As ‘Venom 2’ Nears $200M

In non-James Bond box office news for the weekend, Sony’s Venom: Let There Be Carnage earned another $32.5 million (-64%) in weekend two. The Tom Hardy/Woody Harrelson flick took an understandable hit from No Time to Die, as the James Bond flick is obviously bigger competition than was First Man in Venom’s second weekend in October 2018. Nonetheless, the film has earned $143 million domestic in ten days, right between Black Widow ($131 million by day ten after a $80 million Fri-Sun debut) and Shang-Chi ($144 million after a $94 million Fri-Mon debut). If I’m being optimistic, then I would argue that the 95-minute, continuity-lite, newbie-friendly superhero comedy rom-com will hold firm over the next month as a consensus pick/second choice for general moviegoers compared to the “very serious” 2.5-hour action fantasies.

Think Spider-Man: Homecoming (1.61x its ten-day total after a 62% second-weekend drop) or any number of mid-2000’s Adam Sandler comedies. Even legs from this point akin to Blumhouse’s super frontloaded Halloween ($159 million from a $126 million ten-day cume after a $76 million weekend) gets the $110 million-budgeted Venom 2 to $180 million domestic. Legs like Black Widow (1.4x the ten-day total) gets it to $200 million. It has $186 million worldwide (including a boffo $10 million debut in Mexico), as it opens in most of its overseas territories this week. We can only speculate if it’ll get anywhere near its predecessor’s $371 million sans-China ($269 million) overseas total. The No Time to Die overseas grosses ($257 million thus far) are certainly good news for Venom 2

China’s The Battle At Lake Changjin recovered over its second weekend. The film dropped hard ($25 million) on Friday but rallied for a $110 million second-weekend gross, just -45% from its $203 million Fri-Sun (and $236 million Thurs-Sun) debut. That’s a better hold than Detective Chinatown 3 (-89% for a $42 million second-weekend after a record $398.5 million debut) and The Wandering Earth (-50% after a $179 million Fri-Sun debut). And that’s with lots of people seeing the Wu Jing/Jackson Yee film over the week-long National Day holiday frame. It has earned $640 million in 11 days (just over Detective Chinatown 3’s $611 million ten-day cume). Holds next week will determine if it tops Hi Mom ($837 million). This is not exactly a #CanThisFranchiseBeSaved situation.

Walt Disney and Marvel’s Shang-Chi and the Legend of the Ten Rings continued to kick butt, earning another $4.2 million (-31%) in weekend six for a new $212.45 million domestic cume. It’s still looking like a final domestic gross between $220 million and $225 million, which itself still feels like 85% of what it might have grossed domestically in non-pandemic times. While it obviously took a hit overseas from compromised overseas markets, it still sailed past $400 million worldwide this weekend, becoming the first pandemic-era Hollywood movie to do so without a big boost (all due respect to Godzilla Vs. Kong and F9) from China. James Bond’s No Time to Die will likely do so as well next weekend, but Marvel’s Shang-Chi was first.

Could pre-Covid overseas conditions and an expected over/under $125 million from China have brought the film closer to Thor: The Dark World ($644 million) than Thor ($449 million)? Sure, but that can just be #ShangChi2Goals. Heck, if Shang-Chi 2 earns what we’d otherwise expect from a Marvel breakout sequel (think Guardians of the Galaxy Vol. 2) had Shang-Chi ended with Doctor Strange ($677 million) grosses, then we’ll have an upswing (from $400 million to $800 million) worthy of John Wick. That’s obviously fun with math, but the film clearly did what it needed to do, both in terms of cementing Simu Liu’s Shang-Chi as Marvel’s latest marquee character and in proving that a movie released only in theaters could justify the lack of day-and-date options.

MGM’s The Addams Family 2 earned another $10.019 million (-42%) on its second weekend. That’ll give the animated sequel a $31.14 million ten-day total, or just over the $30 million which its 2019 predecessor grossed on opening weekend. That predecessor dropped 46% in the face of more demographically-specific competition (Maleficent: Mistress of Evil), so this is a good hold so far. If it sticks around, we can expect a $55-$60 million domestic finish. Again, this sequel was never going to top its “folks were curious the first time” predecessor. A non-Covid $70 million domestic gross ($60 million x 1.15) would have seemed about right. Meanwhile, Free Guy earned $1.3 million (-43%) in weekend nine for a $119.681 million domestic and $322 million worldwide.

In other overseas news, Dune earned an additional $8.8 million in its fourth weekend of release, dropping a not-bad 41% despite brutal competition from James Bond. The $165 million Denis Villeneuve-directed sci-fi opus has now earned $117 million worldwide, with many key markets (including both North America and China on October 22) still to come. The film still has a huge mountain to climb before commercially justifying itself, but it’s currently tracking 12% ahead of Tenet, 67% ahead of Black Widow, 67% ahead of Shang-Chi, 91% ahead of Blade Runner 2049 and 106% ahead of Godzilla Vs. Kong. The Timothée Chalamet/Zendaya/Oscar Isaac/Rebecca Ferguson/Jason Momoa action drama has earned $11 million in IMAX (11% of the total) and will open in Japan this week.

The Many Saints of Newark earned $1.45 million (-69%, not so nice) in weekend two for a $7.407 million ten-day total. This Sopranos prequel was never, ever going to play beyond the fanbase, not before Covid and certainly not know. Save for big examples like The Godfather ($133 million in 1973) and Goodfellas ($52 million in 1990), the action-lite mob movie usually isn’t as commercially reliable a genre (ditto World War II flicks) as Hollywood seems to think. There’s a reason Paramount and friends wouldn’t spend $160 million on Martin Scorsese’s The Irishman. Even in a pre-Covid market, even spending $60 million on that film was a calculated risk. Oh well, if HBO Max gets a David Chase-created Sopranos spin-off, maybe it will have been worth it.

Universal’s Dear Evan Hansen earned $1 million (-60%) in weekend three for a poor $13.7 million 17-day cume. Universal’s Candyman topped $60 million domestic. A24’s Lamb (which is about… nope, better to just discover it for yourself) opened in 583 theaters with $1 million. That’s obviously a weak number, but one odd benefit of our current normal is that indie gems like Titane (another “better to go in blind” flick with $1 million after ten days) are getting semi-wide releases at major theatrical chains. If you want the world’s best double feature, I suggest both of those in one absurd afternoon. And you’ll probably see the Jackass Forever trailer playing in front of both of them, which is the surest sign that cinema isn’t dead yet.

Source: Forbes


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