Box Office Dispatch
Box Office Dispatch: “While I hesitate to say all audiences have returned, the trend line is moving closer to the point where most are willing,” says one analyst as monthly revenue hits nearly $1 billion for the first time since the pandemic began.
For the first time since the pandemic began, revenue at the domestic box office almost crossed $1 billion in June as some semblance of normalcy returned to the multiplex. Hollywood studios released a small army of event titles that found their audiences, but executives remain anxious about a gap in the calendar once the summer crush is over.
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The last time combined ticket sales hit $1 billion in any given month was December 2019, when revenue climbed to $1.16 billion. Final figures show June 2022 revenue coming in at nearly $986 million, according to Comscore. That number received a last-minute boost thanks to Minions: The Rise of Gru, which pulled in a huge $10.8 million in Thursday afternoon previews on the last day of the month before opening to record-breaking numbers over the July 4rh weekend.
In all, June was up a staggering 141 percent from June 2021’s $409.2 million, but down 11.6 percent from June 2019’s $1.114 billion.
“It’s still a massive achievement. And figuratively, if the month lands just a few pennies short of the $1 billion milestones, it’s no less impressive,” box office analyst Paul Dergarabedian of Comscore tells The Hollywood Reporter.
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Still, June gloom is lingering for some box office observers.
“Publicly, there is a lot of celebration about the box office recovery,” a one-stop studio executive tells THR. “Privately, there is a lot of concern about an upcoming lack of product.”
Adds another Hollywood executive: “We are still in a pandemic recovery mode and not back to pre-pandemic grosses and attendance, but the box office results this summer are significantly better than we expected.”
The boom was led by Paramount and Skydance’s Top Gun: Maverick, which has transformed into an unstoppable hit, grossing north of $1.11 billion globally since its Memorial Day release and still going strong a month later. The only other title to cross the $1 billion milestones in the pandemic era was December 2021’s Spider-Man: No Way Home (it rests at nearly $1.9 billion). The Top Gun sequel is significant because it attracted all audiences and not just superhero-obsessed fanboys.
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Among the movies fueling the rally, Marvel Studios’ Doctor Strange in the Multiverse of Madness, released in early May, has crossed $950 million worldwide, while June’s Jurassic World Dominion stomped past $800 million globally over the July 4th holiday weekend.
Warner Bros.’ Elvis — Baz Luhrmann’s Elvis Presley biopic — also danced its way to a major win when opening to a better than expected $51 million over the June 24-26 weekend, thanks to older moviegoers (nearly 30 percent of the opening weekend audience was over the age of 55).
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Families have been another challenged demo during the pandemic, but that narrative is changing dramatically with the debut of Illumination and Universal’s Minions: The Rise of Gru, which opened to a record-shattering $129 (or more, once final tallies are in) over the long July 4th weekend to secure one of the tops starts of all time for an animated film, pandemic or no pandemic. Minions 2 helped ease the arm bells that went off last month when June’s animated summer pic Lightyear, from Pixar and Disney, opened to a tepid $51 million domestically. And while Lightyear has now cleared the $200 million mark globally, including $100 million domestically, it is still considered a major disappointment.
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Minions: The Rise of Gru completes the circle in terms of indicating that all segments of the audience are willing to consider resuming their pre-pandemic moviegoing habits, provided there is a variety of offerings.
“I think things are getting better. The biggest issue for the box office is content. When there is a depth of product, people seem to be showing up,” says Wall Street analyst Eric Handler of MKM Partners. “We’re going to be in a typical summer deluge. Then there isn’t very much to be had for a bit.”
While the July marquee has plenty of intriguing titles — including Thor: Love and Thunder (July 8), Nope (July 22), and DC League of Super-Pets (July 29) — the release calendar then becomes a huge question mark for several months in terms of event fare. One potential August breakout is Sony’s Bullet Train, starring Brad Pitt.
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The next big superhero pic to arrive will then be Warner Bros.’ Black Adam, which debuts Oct. 21 opposite the Julia Roberts-George Clooney rom-com A Ticket to Paradise, from Universal. A week earlier, Universal’s Halloween Ends opens in cinemas (the latter pic has plenty of potentials, but is still a genre title).
Analysts are counting on the Thanksgiving and Christmas box office to resume the momentum that recent weeks have enjoyed.
In terms of year-end tentpoles, some of the high-profile titles include Marvel’s Black Panther: Wakanda Forever (Nov. 11), Disney’s Thanksgiving animated offering Strange World (Nov. 23), and 20th Century’s Avatar: The Way of Water (Dec. 16), New Line’s Shazam! Fury of the Gods and DreamWorks Animation’s Puss in Boots: The Last Wish (both open Dec. 21), and Paramount’s Babylon on Christmas Day.
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“Original films and low-to-mid-tier releases before November will probably translate to a short ‘cool off’ period before movie-going ramps up again for the holidays going into a more fully-formed 2023 release calendar,” says Shawn Robbins, a box office analyst with Boxoffice Pro.
Dergarabedian and Robbins are among numerous analysts who believe domestic revenue for 2022 can hit $7.5 billion to $8 billion, which would be about 70 percent of pre-pandemic levels. (In 2019, the North American box office recorded $11.4 billion in sales.)
Through July 4th, 2022 domestic revenue clocked in at an estimated $3.9 billion, according to Comscore. That’s up nearly 250 percent from 2021, but down 32 percent from 2019. Summer revenue clocked in at $1.96 billion through July 4th, up nearly 200 percent from the same period in 2021 and down 15 percent from 2019.
Says Robbins: “That’s a remarkable turnaround from where things stood one and two years ago. While I hesitate to say all audiences have returned, the trend line is moving closer to the point where most are willing.”
https://www.hollywoodreporter.com › movie-news › bo
32 minutes ago — (In 2019, the North American box office recorded $11.4 billion in sales.) Through July 4th, 2022 domestic revenue clocked in at an estimated $3
https://www.boxofficemojo.com › title
A love letter to journalists set in an outpost of an American newspaper in a fictional twentieth century French city that brings to life a collection of stories
https://www.the-numbers.com › movie › French-Dispatch
All Time Worldwide Box Office (Rank 3,101-3,200), 3,117, $45,612,774 ; All Time Domestic Highest Grossing Limited Release Movies (Rank 101-200), 161, $16,124,375.
Domestic Box Office: $16,124,375
Worldwide Box Office: $45,612,774
International Box Office: $29,488,399
Total Est. Domestic Video Sales: $1,005,491
https://en.wikipedia.org › wiki › The_French_Dispatch
Box office — It features a large ensemble cast and follows three different storylines as the French foreign bureau of the fictional Liberty, Kansas Evening
Box office: $46.3 million
Production companies: Indian Paintbrush; Am
Story by: Wes Anderson; Roman Coppola; Hugo
Produced by: Wes Anderson; Steven Rales; Je
Plot · Cast · Production · Release
https://www.imdb.com › title
Box office ; Budget. $25,000,000 (estimated) ; Gross US & Canada. $16,124,375 ; Opening weekend US & Canada. $1,348,804; Oct 24, 2021 ; Gross worldwide. $46,333,545.
Rating: 7.2/10 · 110,224 votes
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The French Dispatch · SPECIALTY BOX OFFICE: Licorice Pizza Cracks Top 10 in Expansion, Parallel Mothers Scores Second-Best PSA of Christmas Weekend · SPECIALTY
https://www.forbes.com › scottmendelson › 2021/10/24
24-Oct-2021 — Weekend Box Office: ‘French Dispatch‘ Nabs $1.3M As ‘Venom’ Tops $350M And Bond Tops $525M Global.
https://www.forbes.com › scottmendelson › 2021/11/14
14-Nov-2021 — Speaking of not going quietly into the good night, Wes Anderson’s The French Dispatch earned $1.8 million (-29%) in weekend four for a halfway
https://deadline.com › 2021/11 › spencer-the-french-dis
07-Nov-2021 — Looking good was The French Dispatch in week three with a $2.6M weekend gross — and $8.4M total cume — as it added 417 theaters to reach 1,205.
https://www.rottentomatoes.com › the_french_dispatch
A loving ode to the spirit of journalism, The French Dispatch will be most The French Dispatch: Featurette – La Famille Box Office (Gross USA):.
Box Office (Gross USA): $16.1M
Release Date (Streaming): Dec 13, 2021
Genre: Comedy, Drama
Release Date (Theaters): Oct 29, 2021 wide
https://deadline.com › 2021/10 › the-french-dispatch-w
24-Oct-2021 — ‘The French Dispatch‘ Rocks Arthouse With Estimated $1.3M Weekend: “If Wes Builds It, They Will Come” – Specialty Box Office (Update).
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Directed by Wes Anderson USA, 2021, 107 min. On the death of Kansas-born editor Arthur Howitzer, Jr., the staff of The French Dispatch convenes to write his …
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Box Office France ; 10 au 17 novembre 2021, 72 654, 368 100 ; 17 au 24 novembre 2021, 41 831, 409 931 ; 24 novembre au 1 décembre 2021, 22 825, 432 756 ; 01 au 8
https://showbuzzdaily.com › tag › the-french-dispatch
Behind the US/Worldwide Weekend Box Office 10.24.2021. OPENINGS: DUNE (Legendary/Warners, also on HBO Max) launched in US theaters at $40.1M, the highest
https://www.screendaily.com › news › 5164542.article
24-Oct-2021 — ‘The French Dispatch‘ sets North American pandemic per-theatre box office record Searchlight Pictures’ The French Dispatch from Wes Anderson
https://www.indiewire.com › 2022/01 › specialized-box
10-Jan-2022 — “The French Dispatch” The raw box office is even uglier: Specialized distributors grossed $700 million in 2019 and $253 million in 2021.
https://variety.com › film › box-office › wes-andersons
24-Oct-2021 — “The French Dispatch,” director Wes Anderson’s tribute to 20th-century magazines, opened at the domestic box office with a robust $1.3
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22-Mar-2022 — As of Monday, the film is running to packed houses across 4000 screens in the country, he added. The film’s unstoppable box office run also came
https://screenrant.com › Movie News
24-Oct-2021 — The French Dispatch broke a pandemic record by grossing $1.3 million in only 52 theaters, beating Venom: Let There Be Carnage’s per-theater