Thursday, November 24, 2016

Thanksgiving Box Office Update #1: "Moana" Edges Out "Frozen" for Wednesday Record, "Fantastic Beasts" A Strong Second, All Other Openers Underwhelm.

Overall Thanksgiving business is on track to be well ahead of last year.

Moana is yet another Disney blockbuster. Their latest animated musical pulled in an excellent estimated $15.7 million on Wednesday, a record for the largest opening day ever for a Thanksgiving release. The previous record-holder, Disney's own Frozen which pulled in $15.2 million on its first Wednesday on this same day three years ago. Frozen would later turn that number into a $93 million 5-day frame. With unanimous critical acclaim (97% on Rotten Tomatoes), Moana will likely wind up with similar business, if not slightly more. For now, I am projecting a slight decline on Thursday before a major hike on Friday. I am projecting a $68.5 million three-day and $97 million five-day.

Fantastic Beasts and Where to Find Them added another $11 million on Wednesday, a little bit behind the $13.6 million The Hunger Games: Mockingjay - Part II earned on this same day last year. If it plays out like Part II, Fantastic Beasts should drop a bit on Thursday before rebounding on Friday. Right now, the Harry Potter prequel is on track for a $42 million three-day and $61.5 million five-day stretch.

Doctor Strange edged out the next new release for third place, and had a fairly strong Wednesday, pulling in $3 million, well ahead of Thor: The Dark World's $2.3 million Wednesday on this same Wednesday three years ago. Thor went on to pull in $15.5 million over the five-day stretch. I think Strange will maintain a slightly stronger pace than that film, with a projected $12 million 3-day and $17.5 million 5-day.

That brings us to Allied, which had an OK start, $2.7 million in fourth place on Wednesday. With middling reviews (60% on Rotten Tomatoes), this will probably fall short of the $20 million expected by most analysts. If it plays out like usual for Thanksgiving releases, it will pull in $11.5 million over the weekend and $16.5 million for the five-day.

Trolls tied Allied for fifth place with $2.7 million on Wednesday, in line with MegaMind's $2.7 million Wednesday from 2010. At it's current pace, I expect the DreamWorks Animation title to match that movie's $12.5 million three-day and $17.5 million five-day. Arrival also remained in the mix, with $2.1 million on Wednesday. I am projecting a $10 million three-day and $14 million five-day for the Amy Adams sci-fi thriller.

The other two new releases failed to pull in a real audience. 13 years after its predecessor was a sleeper hit, Bad Santa 2 only pulled in $1.6 million on its opening Wednesday in seventh place. Amazingly, that's in line with its predecessor's opening day ($1.6 million), though it's way behind in attendance (ticket prices have changed a lot since then). With the Christmas theme, it might be able to hold itself together better over the weekend than others. Right now, I'm projecting a $7 million 3-day and $10 million 5-day, but that might be a bit of a stretch.

Rules Don't Apply completely faltered, opening all the way down in 11th place with just $315,000 from 2,382 locations. At its current rate, I am projecting a $1.4 million 3-day and $2 million 5-day, well behind expectations and a big disappointment for all involved.

That's about it. Next update coming tomorrow evening.