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Tenet and The New Mutants Again Go First and Second at the Weekend Box Office

The New Mutants

Theaters continue to limp along as not much has changed at the domestic box office. Tenet was again in first place earning an estimated $4.7 million, down 29.9% from the previous weekend.

The film has spent three weeks in released earning just $36.1 million domestically. Internationally, the story is much different as it has crossed the $200 million mark and now stands at $203 million at the foreign box office. Worldwide, the film has earned $239.1 million.

In second place was The New Mutants which held on to the position with an estimated $1.6 million, down 23.4% from the previous weekend. Domestically, the film has earned $17.7 million after four weeks.

Internationally, things aren’t much better for the film as it has earned $17.3 million at the foreign box office. That brings the worldwide total to a little over $35 million.

With an estimated budget of $67 to $80 million, things aren’t dire for the film but one wonders if it’d have done better with a video-on-demand run instead. Even if just 1 million individuals paid $30, it’d be a net gain as Disney would not have had to split earnings with theaters.

In third place was a new film Infidel which brought in $1.5 million.

Unhinged dropped from third to fourth with $1.3 million domestically, down 14.3%. That brings the films’ domestic earnings to $15.7 million.

Rounding out the top five was The SpongeBob Movie: Sponge on the Run with $210,000 after six weeks. That film has brought in $4.2 million total domestically.

The 11 films out brought in just under $9.8 million at the domestic box office for the weekend. It’s hard to see how theaters can continue if the demand doesn’t pick up.

Tenet Takes the Weekend Box Office with $6.7 million. New Mutants Holds on to Second

The New Mutants

The total weekend box office was under $15 million as theaters are struggling in a COVID world.

Tenet lead the weekend with an estimated $6.7 million down from the $20.2 million from the previous weekend when it opened domestically. The film has now grossed $29.5 million domestically in its second week.

Internationally, the film is up to $177.5 million where it earned about $30.6 million over the weekend. The film has now crossed $207 million worldwide.

The New Mutants held on to second place with an estimated $2.1 million. The previous weekend saw $3 million dollars over three days and $3.7 million over the four day holiday. Domestically, the film has earned $15.3 million which is only slightly more than the $14 million earned so far internationally. Worldwide, the film has earned $29.3 million.

In new films, The Broken Hearts Gallery from Sony opened in fourth place with an estimated $855,000 domestically.

None of the above is good news.

What’s clear is, we’re in weird times and it’s hard to compare what’s going on with anything of the past. Still, the above is not a good sign for the short term future of movie theaters.

The good is, theaters need not worry about overcrowding and becoming major hotspots for the spread of COVID if no one is going.

The bad is that distributors have no reason to release major films which will not earn their costs back. Instead, we’re likely to see a string of nostalgic re-releases, events, and smaller titles fill the gap leaving theaters to struggle further.

With recent changes to release dates of Wonder Woman 1984 and Candyman, it’s clear studios are seeing the writing on the wall and saying it’s not worth it. For as little as theaters are bringing in, they may come to the same conclusion as well.

Tenet Crosses $100 million While New Mutants Tanks

The New Mutants

It still feels very odd to write about the weekend box office in the middle of the pandemic. But, the show must go on.

Tenet was the clear winner for the weekend. The film opened with an estimated $20.2 million domestically in 2,810 theaters.

Internationally, the film added $58.1 million. That brings its overseas total to around $126 million after two weeks. Tenet opened in 40 markets and Canada last weekend.

Mulan opened in nine international markets earning an estimated $5.9 million. The movie also launched on Disney+ early for $30 and it’s unknown currently how many individuals too advantage of that offer so far.

In more comic related films, The New Mutants, the last of the 20th Century X-Men films earned $2.9 million domestically to bring that amount to $11.6 million. It’s estimated to have earned $3.5 million over the long Labor Day weekend. It opened with a little over $7 million the previous weekend resulting in a drop of 59.2% from weekend to weekend.

Internationally, The New Mutants added $4.2 million to its total as it expanded into another 30 markets. The international total is now at $8.5 million for a worldwide total of $20.1 million. With a budget of $67 million, there’s a chance the film may not be a complete disaster by the time its run is over. With a slow release of films, the competition is light and sparse. Word of mouth won’t likely help the film though, it’s currently ranked second-worst of the “X” franchise behind Dark Phoenix on RottenTomatoes.

Tenet Opens with a Nolan Best While New Mutants Brings in $10 million

New Mutants movie poster

It feels weird reporting weekend box office numbers but Hollywood and theaters are attempting to get back to normal despite reality. Tenet and New Mutants were the two big openers for the weekend with interesting results that are a bit hard to interpret.

Tenet opened with over $53 million in 41 international markets. That’s the biggest opening for director Christopher Nolan. Not surprisingly, Warner Bros. has been a bit cagey about data they’re releasing as far as the performance goes. For instance, the film opened in Canada where numbers were not released and it’s unknown if they will be or folded over into next weekend’s numbers.

The film begins to open in the U.S. this week for an official opening on Thursday for Labor Day weekend.

The final Fox “X” film, New Mutants opened to $7 million from 2,412 to take the top spot of the domestic box office. The film also earned $2.9 million from 10 international markets. The movie was a holdover from Disney’s purchase of 20th Century Fox.

The film has a reported budget between $67 and $100 million, a more modest amount compared to recent “X” releases. It’s hard to see how the film turns a profit in today’s environment and one wonders if the film would have faired better being sold for $25 on demand.

New Mutants has been savaged in reviews earning 32% on RottenTomatoes from critics and 53% from audiences as of this article. That’s on top of issues concerning white-washing and the inability of the film to get small details right like the spelling of the last name of one of the creators of the characters and comic series.

Theaters are at about half open compared to the same time last year. 2,500 theaters were open in the US and about 3,000 in Canada.

Bill & Ted Face the Music opened both on-demand and in theaters warned an estimated $1.1 million 1,007 locations. Because it opened on-demand in homes, major theater chains overlooked the film.