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October 18, 2020

US/Worldwide Weekend Box Office Report – 10.18.2020

 

OPENINGS:  We’re starting to get a feel for what this pandemic box office looks like, absent big-studio blockbusters.  This week’s HONEST THIEF (Open Road) opened at $3.7M in 2425 theatres (a weekend per-theatre $1525 average), just about the same as last week’s The War With Grandpa, even though they’re in completely different genres.  Honest Thief should also end up around $15-20M in the US, a number that presumably made a theatrical release worthwhile for its studio.  The film has an additional $1.3M overseas.

There were a few smaller openings as well.  2 HEARTS (Freestyle) earned $565K at 1683, a $335 average

THE KID DETECTIVE (Stage 6/Sony) arrived at 865 theatrs with $135K, a $156 average.

LOVE AND MONSTERS (Paramount) opened at 387 in addition to being available on VOD, and took in $255K in its theatrical run, a $658 average.

HOLDOVERS:  Similarly, we’re seeing that films decline around 30-40% on a week-to-week basis, a softer pattern than we’d see if there were major openings refreshing the weekly box office.  The exception this week was TENET (Warners), which dipped 24% to $1.6M in its 7th weekend, although apparently that was partly because it benefited from the reopening of theatres in Seattle, which provided most of its highest-grossing venues.  There may or may not be a NY/LA bump ahead, depending on the studio’s plans for digital release, but the US theatrical run seems unlikely to get past $60M.  Tenet is slowing down overseas as well, with $283.3M after a $5M weekend.

THE WAR WITH GRANDPA (101) dropped 31% to $2.5M in its 2nd weekend, and as noted should reach $15M or so in the US.  It also has $3.5M overseas.

THE NEW MUTANTS (20th/TSG/Disney) lost 34% to $465K in its 8th weekend, still on track for $25M in the US, and with $21M overseas.

UNHINGED (Solstice) fell 38% to $425K in its 9th weekend, on its way to $22M or so in the US, and with $19.2M in the US.

Disney is also providing re-release product to theatres in need of features, with THE NIGHTMARE BEFORE CHRISTMAS at $1.3M, HOCUS POCUS at $756K, COCO at $131K, and THE EMPIRE STRIKES BACK at $79K.

NEXT WEEKEND:  The horror movie THE EMPTY MAN (20th/Disney) is scheduled for wide release.



About the Author

Mitch Salem
MITCH SALEM has worked on the business side of the entertainment industry for 20 years, as a senior business affairs executive and attorney for such companies as NBC, ABC, USA, Syfy, Bravo, and BermanBraun Productions, and before that, at the NY law firm of Weil, Gotshal & Manges. During all that, he has more or less constantly been going to the movies and watching TV, and writing about both since the 1980s. His film reviews also currently appear on screened.com and the-burg.com. In addition, he is co-writer of an episode of the television series "Felicity."




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