After strong performances by Spider-Man: Across the
Spider-Verse and Transformers: Rise of the Beasts to kick off
June, the coming holiday frame sees a trio of wide releases hoping to
counter-program and take advantage of a double holiday weekend.
The Flash
Warner Bros. Pictures
June 16, 2023 (WIDE)
Opening Weekend Range: $60M-$80M
PROS:
Bringing together DC characters old and new, The Flash is
aiming to garner appeal among young Millennials and Gen Zers who have grown up
with the modern DC Extended Universe alongside Generation Xers and older
Millennials excited for the return of Michael Keaton as Batman.
Early fan shows and premium screen formats have sold fairly
well in the pre-sales window, and walk-up business could be notable if positive
word of mouth captures general audience appeal. An expected 60% or more of
opening weekend moviegoers are expected to be male—which could dovetail nicely
with Father’s Day on Sunday.
CONS:
Pre-sales trends have generally disappointed outside the
initial fan-rush of previews, and they haven’t yet rebounded. Despite claiming
a significant advantage over Black Adam in recent weeks, samples
for The Flash‘s Thursday shows indicate that sales have shrunk from 66%
above Black Adam on June 8 to only 30% above entering June 14.
Despite industry buzz around what was once widely viewed as
a contender to be among the year’s top films, general audience interest in DC
has waned as the franchise has stumbled to form broader storytelling cohesion.
Ezra Miller’s entanglement in real-life controversies also seems to have some
impact, particularly on social media, where sentiment and enthusiasm for the
film has stalled. Miller’s absence from press events for the film, minus a few
exceptions, could also tamp down pre-release buzz.
Elemental
Walt Disney Pictures / Pixar
June 16, 2023 (WIDE)
Opening Weekend Range: $31M-$41M
PROS:
Given the glut of action-heavy films based on pre-existing
IP in theaters this weekend, Elemental and its return to original
storytelling for Pixar could be an attractive option for families with young
ones.
Although an initial wave of middling reviews created
concern, the film’s current 81% approval rating from a total of 48 critics on
Rotten Tomatoes renews hope that the film may generate staying power well
beyond this weekend. Also helpful for Pixar on that front: relatively light
competition from other animated films until later in the summer, with the next
major entry being the August 2 release of Teenage Mutant Ninja Turtles:
Mutant Mayhem.
CONS:
With The Little Mermaid still going strong at the
box office after a $23.2 million third frame, Disney will be competing with
itself for female moviegoers of all ages. Spider-Man: Across the
Spider-Verse also remains a formidable opponent as an animated box office
hit, albeit one driven more by young male audiences.
As other animation brands such as Illumination and Sony have
become more popular among young moviegoers—and as Disney recovers from its
pandemic-era straight-to-streaming strategy for many family movies, including
three recent Pixar releases (Turning Red, Luca, Soul)—Elemental may
not have the kind of robust upfront audience interest garnered by earlier Pixar
films based on original IP.
The Blackening
Lionsgate
June 16, 2023 (WIDE)
Opening Weekend Range: $7M-$12M
PROS:
Horror-comedy is a genre under-represented in the summer
market right now. With horror film The Boogeyman having opened on the
low end of expectations early this month, audiences could be hungry for a
scare.
Marketing and release date synergy with this Monday’s
Juneteenth holiday could help in bringing in Black audiences.
CONS:
With a projected 1,800 location count and no clear
indication of word of mouth at this stage, expectations are all over the map.
Current projection ranges call for a 17% to 26% percent
increase from last weekend’s $163.5 million top ten aggregate.
Film |
Studio |
3-Day
Weekend Forecast |
Projected
Domestic Total through Sunday, June 18 |
Fri
Location Count Projection (as of Wed) |
3-Day %
Change from Last Wknd |
The
Flash |
Warner
Bros. Pictures |
$69,000,000 |
$69,000,000 |
~4,100 |
NEW |
Elemental |
Walt
Disney Pictures / Pixar |
$33,300,000 |
$33,300,000 |
~3,900 |
NEW |
Spider-Man:
Across the Spider-Verse |
Sony /
Columbia Pictures |
$31,600,000 |
$283,100,000 |
~3,900 |
-43% |
Transformers:
Rise of the Beasts |
Paramount
Pictures |
$22,800,000 |
$102,200,000 |
~3,678 |
-63% |
The
Little Mermaid (2023) |
Walt
Disney Pictures |
$18,200,000 |
$261,100,000 |
~3,500 |
-21% |
The
Blackening |
Lionsgate |
$8,300,000 |
$8,300,000 |
~1,800 |
NEW |
Guardians
of the Galaxy Vol. 3 |
Disney
/ Marvel Studios |
$5,400,000 |
$344,800,000 |
~2,300 |
-25% |
The
Boogeyman |
20th
Century Studios |
$4,200,000 |
$33,100,000 |
~2,400 |
-41% |
Fast X |
Universal
Pictures |
$3,600,000 |
$144,100,000 |
~1,700 |
-32% |
Asteroid
City |
Focus
Features |
$750,000 |
$750,000 |
6 |
NEW |