Sunday, July 29, 2018

Box Office Update Jul 27-29

Good afternoon Disney friends,

Summer continues to roll on and so do the sequels of summer. This weekend saw the wide release of the sequel (actually the fifth sequel) Mission: Impossible - Fallout and non-sequel Teen Titans Go: To the Movies. With Tom Cruise's film leading the pack with an estimated $61.5 mil, this is the second weekend in a row (and second in history) where 8 of the top 10 films were sequels. If the estimates hold true for M:I6, this would be the highest opening for the franchise. Teen Titans is looking at opening at number 5 for the weekend with a total of $10.5 mil. With Mission's opening at number 1, Mama Mia: Here We Go Again remained at number 2 and Equalizer 2 dropped 2 spots to number 3. 

Image result for disneyWith 2 new films, Disney's Ant-Man and the Wasp and Incredibles 2 both dropped 2 spots to 6 and 7 respectively. (This is the first time since the last weekend in April that Disney did not have a film in the top 5.) Ant-Man was able to gross $8.4 for the weekend for a running total of $183.1 mil. This is more than the entire run of the first film. That makes if the 8th highest grossing film for the domestic market so far this year. It's current worldwide gross of $394 mil places it in the top 10 by surpassing Solo: A Star Wars Story.

Incredibles 2 continues its march to $600 mil. It brought in $7.1 mil for the weekend for running total of $572.7 mil. It stands at number 3 for the domestic market this year and is currently number 4 for the worldwide market sitting just shy of $1 bil. 

It is looking more and more likely that Black Panther will not be able to make it to the $700 mil mark for the domestic market. Last weekend saw a jump in theaters showing the film, but this weekend the number of theaters showing the movie dropped from 156 to 15. This led to an estimated take of just $3k which left the film standing at $699,955,434 for the year. 

Next weekend see the release of Disney's last film of the summer--Christopher Robins. This is one of 4 new films premiering next weekend, but current projections have the film finishing around the $30 mil mark. That will be the last new film released by Disney for the next 3 months.

In Disney motion picture news, stockholders of both Disney and 20th Century Fox overwhelmingly supported the merger of Disney and Fox. The merger will be complete next year and will see the Avatar film series come to Disney. Avatar already has a foothold at Walt Disney World with the Land of Pandora in Animal Kingdom. The merger will give Disney a firm hold on box office magic over the coming years. 2019 was already looking strong for Disney with the upcoming line up of Captain MarvelAvengers 4Frozen 2, and Star Wars: Episode 9 (which will start shooting this week in the United Kingdom,) but next year sees Fox pictures releasing 2 Marvel films and Avatar sequels beginning in 2020. This should keep Disney at the top of the box office charts for years to come.

I hope you have a great week and if you need help planning a magical vacation, please let me know how I can help by emailing me at brian.herndon@mousemadesimple.com.

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