No announcement yet.

Box Office Thread - 6/10/20: 'Tenet' passes $300 million globally

This is a sticky topic.
  • Filter
  • Time
  • Show
Clear All
new posts

  • In a Big Box-Office Test, ‘Tenet’ Grosses $20 Million

    Normally, a Christopher Nolan film would bring in $50 million in North America during an opening weekend. But moviegoing is not normal these days.

    LOS ANGELES — Warner Bros. said on Sunday that Christopher Nolan’s hotly anticipated “Tenet” collected an estimated $20.2 million in wide release at North American theaters over the weekend and in previews. It was Hollywood’s best domestic result since mid-March, when the coronavirus pandemic forced cinemas to close.

    With the coronavirus still spreading widely in the United States — Friday and Saturday brought 93,908 new reported infections — the arrival of “Tenet” was seen as a crucial test for Hollywood. Big turnout? All systems go for movies scheduled for release this fall, including “Wonder Woman 1984” and the latest James Bond extravaganza, “No Time to Die.” Sparse? Perhaps better to push big-budget movies into next year (and pray for a vaccine) or reroute them to streaming services, as Disney did with “Mulan,” which was made available to Disney+ subscribers on Friday for $30.

    The outcome was not quite definitive.

    David A. Gross, who runs Franchise Entertainment Research, a film consultancy, assessed the domestic turnout for “Tenet” as “fair.”
    “Audience concern with theater safety remains a deterrent,” he said in an email. “‘Tenet’ is a strong release, and Christopher Nolan and Warner Bros. deserve enormous credit for their effort. For now, this is as good as it gets.”

    He estimated that “Tenet” would have collected about $50 million over its first three days under normal circumstances. “Tenet” cost roughly $200 million to make, not including marketing costs. Ticket sales are typically split 50-50 between studios and cinemas, but Warner Bros. was able to negotiate a 65 percent share, according to The Wall Street Journal.

    The studio noted that “Tenet” has been received enthusiastically overseas, where ticket sales total $129 million after two weeks and public health conditions are mostly better than in the United States. “Tenet” collected $30 million in China over its first three days, a record for a film directed by Nolan.

    Roughly 35 percent of United States cinemas remain closed. Three states — New York, New Mexico and North Carolina — have not permitted any theaters to reopen, along with most of California and parts of Washington, Michigan and Oregon. That means more than 70 million Americans live in areas where government officials say that moviegoing remains too dangerous, even with theaters promoting a wide array of safety procedures: capacity limited to 50 percent or less, aggressive cleaning, masks required except when eating or drinking.

    Theater chains are still working to reopen locations in some states that have lifted restrictions. AMC Entertainment, for instance, was only able to reopen two of its 27 locations in New Jersey by Friday, with the remainder scheduled to begin operating again by Sept. 10.

    “Tenet” did not play drive-in theaters areas where indoor theaters remain closed, prompting some fans to fly out of state to see it. Warner withheld the film from certain drive-in cinemas to protect eventual ticket sales at indoor theaters in those markets. Concerns about piracy, keeping the plot under wraps and sound quality also played a role.

    The complete article:

    My YouTube Channel - The best songs of the 80s, 90s and 2000s


    • gosh I can't recall the last time I went to the movies...maybe for WonderWoman? lol


      • Geez, $20m...a blockbuster!


        • ^ To be fair cinemas are operating at an extremely limited capacity. I think 20 million is very reasonable, considering everything.


          • ‘Tenet’ Hits $200 Million Globally, Despite Lackluster U.S. Box Office

            Christopher Nolan’s “Tenet” crossed the $200 million mark globally, propped up by overseas grosses while U.S. cinemas struggle to draw audiences during the coronavirus pandemic.

            The time-bending sci-fi thriller generated $6.7 million in the U.S. and Canada during its second weekend of release, representing a 29% drop compared to opening weekend. Initially, Warner Bros., the studio behind “Tenet,” touted a $20 million debut. But a closer dissection of those numbers reveal they were heavily spun to include weekday preview screenings and the long holiday weekend. In reality, “Tenet” only made about $9 million between Friday and Sunday.

            In an attempt to control the conversation around “Tenet’s” box office performance, Warner Bros. has been shielding domestic grosses for the film. Traditionally, studios share box office information on a daily basis, but that hasn’t been the case with “Tenet.” The studio took a bold bet since “Tenet” was the first major movie to debut during the pandemic, and Warner Bros. claims that it wants to ensure that reporters and rivals don’t unfairly contextualize the results and label them a financial flop.

            Warner Bros. knew the film would have a slow start amid the pandemic, but the studio was clearly hoping that “Tenet” would perform better in the U.S. Want a clue as to how they really view the viability of U.S. theaters right now? Less than a week after “Tenet” premiered domestically, Warner Bros. delayed its comic book sequel “Wonder Woman 1984” from October to Christmas Day.

            Roughly 65-75% of theaters in the U.S. have reopened, but major markets like New York, Los Angeles and San Fransisco remain closed. Cinemas that have resumed business have done so at reduced capacity, automatically limiting ticket sales.

            Warner Bros. said it is optimistic that grosses will improve as new markets open for business. “Tenet” played in 100 more locations than it did last weekend, amounting to 2,910 venues in total. That number is expected to grow as cinemas in more cities are given permission to reopen. Thanks to multiplexes opening in Orange County, Los Angeles was the top-grossing region in the country this weekend. Dallas, Chicago, Salt Lake City and Phoenix also saw robust ticket sales.

            “Tenet” has made bigger waves overseas, where coronavirus appears to be more under control and movie theaters have reopened to a more significant degree. Part of the reason that Warner Bros. opted to release “Tenet” during the pandemic is because Nolan’s films often make more money abroad than they do stateside.

            Ticket sales for “Tenet” reached $177.5 million at the international box office and $207 million globally. Given its $200 million production budget, the movie needs to reach approximately $400 million worldwide to break even and closer to $450 million to get out of the red and into the black.

            “Tenet” brought in $10 million in China, the world’s second biggest moviegoing market, boosting its haul in the country to $50 million. It landed in second place on the country’s box office charts behind “Mulan,” though neither film amassed inspired ticket sales from theaters, despite 90% of locations reopening.

            Disney’s live-action remake of the 1998 cartoon collected $23.2 million during opening weekend, an underwhelming result for a movie that was all but engineered for its appeal to Chinese audiences. So far, “Mulan has made $37.6 million globally. The $200 million-budgeted fantasy epic is forgoing a theatrical release in the U.S., and instead is available to rent on Disney Plus for $30.

            Even without the pandemic, “Mulan” has been mired in controversy. It came under fire for filming in Xinjiang, a region in China where minorities have been forced to live in labor camps. In the credits for “Mulan,” the film thanked Chinese government organizations in Xinjiang that have been accused of human rights abuse. Last year, pro-democracy activists in Hong Kong also called for boycotts after “Mulan” star Liu Yifei showed support for Hong Kong police during anti-government protests.

            The entire article:
            My YouTube Channel - The best songs of the 80s, 90s and 2000s


            • 'Tenet' continues to score abroad but stalls at home in its third week; 'Infidel' debuts at #3 and 'Mulan' loses steam in China

              Now three weeks into Tenet’s highly anticipated North American campaign, Warner Bros.’ wannabe blockbuster continues to tell two wildly divergent tales at the box office. While the Christopher Nolan thriller starring John David Washington, Robert Pattinson, Kenneth Branagh, and Elizabeth Debicki continues to underperform at home, adding just $4.7 million in its third frame and bringing its domestic total to $36.1 million, it just keeps barreling along overseas, where it’s now racked up $203 million and counting.

              As many other studios continue to postpone the releases of their splashiest 2020 titles, including most recently Universal’s horror film Candyman and STX Entertainment’s Gerard Butler-starrer Greenland, Warner Bros. instead chose to move forward with Nolan’s latest. Over the past three weekends, Tenet has been seen as a test case, gauging whether American moviegoers are ready to return to theaters despite the ongoing COVID pandemic. But so far that test has been a disappointment as Nolan’s film dipped another -29.9% from the previous weekend, managing only a $1,604 per-screen average in 2,930 theaters in North America.

              However, Tenet continues to draw international ticket buyers, who have made up over 80% of the movie’s audience. Now playing in 52 markets globally, the PG-13 film saw its strongest turn-out in China, where it made $5.6 million in its third frame there. It also racked up $4.3 million in Japan, where it bowed this weekend. Still, all hope is not lost on the homefront. With no new big-studio releases on the horizon until 20th Century Studios' Death on the Nile on October 23, Tenet still has plenty of breathing room to add to its domestic numbers, especially as more cities re-open for business.

              Finishing in the runner-up slot once again was Disney’sThe New Mutants. In its fourth week, the PG-13-rated X-Men spin-off brought in an additional $1.6 million in the US, dropping -23.4% from the previous week. The New Mutants is playing in 2,518 theaters and had a $635 per-theater average. Its domestic total now stands at $17.7 million. To date, the film has added $17.3 million overseas, bringing its worldwide total to $35 million.

              In third place was Cloudburst Entertainment’s Infidel, which earned $1.5 million in its opening weekend. The R-rated espionage thriller starring Jim Caviezel was the inaugural film from the new distribution and production company founded by former executives from Pure Flix Entertainment, known for low-budget, religious-themed films. Produced by Dinesh D’Souza, Infidel had a $870 per-screen average in 1,724 theaters. It has not yet opened internationally.

              In fourth place was Solstice Studios’ Unhinged with $1.3 million. In its sixth week of release, the R-rated road-rage thriller starring Russell Crowe played in 2,324 theaters and had a $870 per-screen average. The film has been one of the season’s biggest surprises at the box office, grossing an impressive $15.7 million domestically and $12 million overseas, bringing its global cumulative box office to $27.7 million.

              In fifth was Paramount’s The SpongeBob Movie: Sponge on the Run with $210,000. The animated kids’ film, which climbed from the seventh-place slot last weekend, had an $804 per-screen average in 261 theaters. It has not yet opened internationally.

              Elsewhere, the big box-office stories were the lackluster sophomore showing of Disney’s live-action Mulan in China, where it dropped off 72% in its second weekend, and the debut of Bleecker Street Media’s indie revenge-thriller The Secrets We Keep, which snuck into the Top 10 at number 8, with $89,955 in 471 theaters.

              My YouTube Channel - The best songs of the 80s, 90s and 2000s


              • 'Tenet' passes $300 million globally

                With the calendar turning the page to October, Halloween appeared to arrive early as things got even stranger and spookier at the domestic box office. Case in point: Christopher Nolan’s big-budget tentpole, Tenet, narrowly edged out the re-release of Hocus Pocus, a Bette Midler comedy that wasn’t exactly a smash hit when it first hit theaters 27 years ago.

                Going into the weekend, Warner Bros.’ Tenet seemed to have the field to itself. But the battle for the title of the No. 1 film in North America wound up being much tighter than expected. Still, Nolan’s pricey thriller headed off the competition and landed in first place, pulling in $2.7 million at home in its fifth week while dropping another 20.6%. The PG-13 epic managed a $991 per-screen average in 2,722 theaters, bringing its domestic box-office total to $45.1 million.

                Yet, once again, it was a night-and-day story for Tenet overseas, where the brain-teaser starring John David Washington, Robert Pattinson, Kenneth Branagh, and Elizabeth Debicki continued to be buoyed by international ticket-buyers who pushed the movie’s non-domestic total to $262 million, bringing its cumulative worldwide haul to $307.1 million.

                Meanwhile, another batch of highly-anticipated major-studio releases pushed their debuts back in order to steer clear of the ongoing COVID-19 pandemic that is impacting domestic theater openings. MGM and Universal rocked the exhibition business by announcing that their upcoming James Bond installment, No Time to Die, would move from November 20 to April 2, 2021, prompting Universal to bump its Fast & Furious sequel, F9, from April 2, 2021 to May 28, 2021 to get out of 007’s way. The lack of a new Bond film on the near horizon also reportedly is driving Cineworld to consider closing its UK theaters as well as its Regal Cinemas in the US.

                Finishing in the runner-up slot was Disney’s re-release of 1993’s Halloween-flavored comedy Hocus Pocus. The Bette Midler film earned $39.5 million in its initial run 27 years ago and has since turned into an unexpected seasonal staple. Nonetheless, it brought in $1.9 million over the weekend. The film rolled out in 2,570 theaters and earned a $749 per-screen average, a robust number for a film that’s easily available via streaming services.

                In third place was Disney's The New Mutants. In its sixth week, the PG-13-rated X-Men spin-off brought in an additional $1 million in the US, dropping 14.7% from the previous frame. The New Mutants is playing in 2,154 theaters and had a $464 per-screen average. Its domestic total now stands at $20.9 million. To date, the film has added $21 million overseas, bringing its worldwide total to $41.9 million.

                In fourth place was Solstice Studios’ Unhinged with $870,000. In its eighth week of release, the R-rated road-rage thriller starring Russell Crowe played in 2,023 theaters and had a $430 per-screen average, dropping off 10.1%. The film has grossed an impressive $18.4 million domestically and $14.6 million overseas, bringing its global cumulative box office to $33 million.

                Rounding out the Top Five was Cloudburst Entertainment’sInfidel, which earned $455,000 in its third weekend. The R-rated espionage thriller starring Jim Caviezel fell off 40.2% and had a $253 per-screen average in 1,792 theaters. Its domestic total stands at $3.4 million and it has not yet opened internationally.

                Elsewhere, a duo of new indie debuts elbowed their way into the Top 10: Neon’s Brandon Cronenberg-directed, body-horror thriller Possessor Uncut bowed in seventh place with $227,500 in 320 theaters (a $710 per-screen average); Bleecker Street’s sci-fi comedy Save Yourselves! opened in ninth place with $141,631 in 388 theaters (a $365 per-screen average).

                My YouTube Channel - The best songs of the 80s, 90s and 2000s