May 18, 2024

Beyoncé Tops Box Office — but Earns Less than 1/4 of Taylor Swift Concert Film’s Opening Weekend

(AP) Beyoncé dominated the field workplace this weekend.

Her live performance image, “Renaissance: A Film by Beyoncé,” opened in first place with $21 million in North American ticket gross sales, in line with estimates from AMC Theatres Sunday.

The post-Thanksgiving, early December field workplace is notoriously gradual, but “Renaissance” defied the chances. Not accounting for inflation, it’s the primary time a movie has opened over $20 million on this weekend in 20 years (since “The Last Samurai”).

Beyoncé wrote, directed, and produced “Renaissance,” which is targeted on the tour for her Grammy-winning album. It debuted in 2,539 theaters within the U.S. and Canada, in addition to 94 worldwide territories, the place it earned $6.4 million from 2,621 theaters.

“On behalf of AMC Theatres Distribution and the entire theatrical industry, we thank Beyoncé for bringing this incredible film directly to her fans,” mentioned Elizabeth Frank, AMC Theatres government vice chairman of worldwide programming, in a press release. “To see it resonate with fans and with film critics on a weekend that many in the industry typically neglect is a testament to her immense talent, not just as a performer, but as a producer and director.”

Despite a number of different new releases together with “Godzilla Minus One,” the Hindi-language “Animal,” Angel Studios’ sci-fi thriller “The Shift,” and Lionsgate’s John Woo-directed revenge pic “Silent Night,” it was a gradual weekend total. Films within the prime 10 are anticipated to gross solely $85 million in whole.

But it was on this conventional “lull” that AMC Theatres discovered a great alternative for “Renaissance” to shine.

“They chose a great weekend,” mentioned Paul Dergarabedian, the senior media analyst for Comscore. “There was competition but it was from very different kids of movies.”

Though “Renaissance” didn’t come near matching the $92.8 million debut of “Taylor Swift: The Eras Tour” in October, it’s nonetheless an excellent begin for a live performance movie. No one anticipated “Renaissance” to match “The Eras Tour,” which is wrapping up its theatrical run quickly with over $250 million globally. Prior to Swift, the largest live performance movie debuts (titles held by Miley Cyrus and Justin Bieber for his or her 2008 and 2011 movies) had not surpassed the unadjusted sum of $32 million.

The 39-city, 56-show “Renaissance” tour, which kicked off in Stockholm, Sweden in May and led to Kansas City, Missouri within the fall, remodeled $500 million and attracted over 2.7 million concertgoers. Swift’s ongoing “Eras Tour,” with 151 dates, is anticipated to gross some $1.4 billion.

Both Beyoncé and Swift selected to partner with AMC Theatres to distribute their movies, versus a standard studio. Both superstars have been supportive of each other, making splashy appearances on the different’s premieres. Both had beforehand launched movies on Netflix (“Miss Americana” and “Homecoming”). And each are reported to be receiving no less than 50% of ticket gross sales.

Movie tickets to the present had been dearer than common, round $23.32 versus Swift’s $20.78, in line with knowledge agency EntTelligence.

Critics and audiences gave “Renaissance” glowing opinions – it’s sitting at 100% on Rotten Tomatoes and acquired a coveted A+ CinemaScore from opening weekend audiences who had been polled. EntTelligence additionally estimates that the viewers, round 900,000 sturdy, skewed slightly older than Swift’s.

“To have two concert films topping the chart in a single year is pretty unprecedented,” Dergarabedian mentioned.

But to check them too carefully can be a mistake.

“Taylor Swift was a total outlier and the result of a very specific set of circumstances,” he mentioned. “These two movies are comparable in style solely. “

Lionsgate’s “ The Hunger Games: The Ballad of Songbirds & Snakes ” fell to second place in its third weekend with an estimated $14.5 million. The prequel has now earned over $121 million domestically.

Godzilla Minus One ” took third place on the North American charts with $11 million from 2,308 places — the largest opening for a international movie within the U.S. this yr. The well-reviewed Japanese blockbuster distributed by Toho International value solely $15 million to supply and has already earned $23 million in Japan. Toho’s thirty third Godzilla movie is ready within the aftermath of World War II, stars Ryunosuke Kamiki and was directed by Takashi Yamazaki.

“This year, we made a concentrated effort to answer the demand of the marketplace and make Godzilla globally accessible across many different platforms,” mentioned Koji Ueda, President of Toho Global, in a press release.

“Trolls Band Together” landed in fourth place in its third weekend with $7.6 million, bringing its home whole to $74.8 million.

Fifth place went to Disney’s “Wish,” which fell 62% from its underwhelming first weekend, with $7.4 million from 3,900 places. Globally, it’s now made $81.6 million. The studio’s different main movie in theaters, “The Marvels” can also be winding down in its fourth weekend with a disastrous world tally of $197 million towards the reported $300 million it value to make and market the superhero movie.

In its second weekend, Ridley Scott’s “Napoleon” earned an estimated $7.1 million from 3,500 places. Produced by Apple Original Films and distributed by Sony Pictures, the movie starring Joaquin Phoenix has now made $45.7 million domestically towards a $200 million price range.

Things ought to decide up within the closing weeks of 2023, with movies like “Wonka” and “The Color Purple” but to come back. The trade is a $9 billion yr — nonetheless trailing the $11 billion pre-pandemic norm, but a marked enchancment from the previous few years. And there are nonetheless many stable choices for moviegoers, because the trade’s awards season will get into full swing.

“We had a slow Thanksgiving and we’re having a pretty slow weekend this weekend, but it’s a great weekend to be a moviegoer in terms of the breadth and depth of the movies out there,” Dergarabedian mentioned.

Estimated ticket gross sales for Friday by means of Sunday at U.S. and Canadian theaters, in line with Comscore. Final home figures can be launched Monday.

1. “Renaissance: A Film by Beyoncé,” $21 million.

2. “The Hunger Games: The Ballad of Songbirds & Snakes,” $14.5 million.

3. “Godzilla Minus One,” $11 million.

4. “Trolls Band Together,” $7.6 million.

5. “Wish,” $7.4 million.

6. “Napoleon,” $7.1 million.

7. “Animal,” $6.1 million.

8. “The Shift,” $4.4 million.

9. “Silent Night,” $3 million.

10. “Thanksgiving,” $2.6 million.

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