Entertainment

Moana 2 breaks box office

December 2, 2024 10:30 am

[Source: AP News]

“Moana 2” brought in a tidal wave of moviegoers over the Thanksgiving Day weekend, setting records with $221 million in ticket sales, according to studio estimates Sunday. That, combined with “Wicked” and “Gladiator II,” made for an unprecedented weekend in cinemas and a confluence of blockbusters more like what’s often found in late December.

Expectations were high for Walt Disney Co.’s “Moana 2,” but the film — originally planned as a series for Disney+ before it was redirected to the big screen — blew predictions out of the water. Its five-day opening set a new record for Thanksgiving moviegoing. (The previous best was $125 million for “Frozen 2” in its second week of release in 2019.) “Moana 2” added $165.3 million internationally; with $386 million worldwide, it’s the second-best global launch of the year.

“Gladiator II,” meanwhile, also held well, dipping 44% from its opening weekend. Ridley Scott’s sequel to his Oscar-winning best picture original collected $44 million in its second weekend. While its steep price tag of $250 million will make profitability challenging, “Gladiator II” has swiftly gathered $320 million worldwide.

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Those three films drove the overall box office to a record $420 million in overall Thanksgiving weekend ticket sales, according to Comscore — more than $100 million more than ever before. For an industry that has been battered in recent years by the pandemic, work stoppages and the upheaval caused by streaming, it was a triumphant weekend that showed the still-potent power of Hollywood’s blockbuster machine. Before “Wicked,” “Moana 2” and “Gladiator II” arrived in theaters, ticket sales were running about 25% behind pre-pandemic levels.

Michael O’Leary, president and chief executive of the National Association of Theatre Owners, said the weekend showed what’s possible when “all the pieces of the puzzle come together” in compelling big-budget movies with marketing muscle.

Like the last time such anticipated movies collided on the release calendar — 2023’s much-ballyhooed “Barbenheimer” — the movie industry again could see evidence of a rising moviegoing tide lifting all blockbusters. In recent years, studios have typically tried to space out most of their biggest releases. Earlier this fall, “Venom: The Last Dance,” for example, was the No. 1 film for three straight weeks, despite not being particularly successful.

And it helped lead a resurgence for Walt Disney Co., whose last two animated November releases — “Strange World” and “Wish” — fizzled in theaters. “Moana 2” may become the third $1 billion-grossing movie for the studio in 2024, along with “Inside Out 2” and “Deadpool & Wolverine.” Though reviews for “Moana 2″ have only been 65% “fresh” on Rotten Tomatoes, audiences gave it an “A-” CinemaScore.

“Moana 2” is also part of a major rebound for family moviegoing. According to David A. Gross, a film consultant who publishes a newsletter for Franchise Entertainment, family moviegoing in 2024 is going to account for approximately $6.8 billion in ticket sales, roughly the sums of 2022 and 2023, combined.

After such large debuts, “Moana 2” and “Wicked” are likely to continue to drive moviegoing through December. The only question will be if this year’s Christmas movies — historically a much bigger holiday period for theaters — can come anywhere near the Thanksgiving lineup. Among the movies aiming for that holiday corridor are Disney’s “Mufasa: The Lion King,” Paramount’s “Sonic the Hedgehog 3″ and Searchlight’s “A Complete Unknown,” with Timothée Chalamet as a young Bob Dylan.