Global Box Office to Grow by 27% During First Quarter of 2023, UNIC Reports

J. Kim Murphy Indiana Jones has faced Nazis and aliens, snakes and the fury of an Old Testament God — but he has never faced the terrors of the Red Door. Sony’s “Insidious: The Red Door,” the latest installment in the supernatural series, blew by expectations on its opening day with a $15.2 million gross from 3,188 venues — a figure that includes $5 million in Thursday previews. Horror entries usually face front-loaded weekend performances, but the Screen Gems, Stage 6 Films and Blumhouse co-production has fired off with a commanding lead. It looks to land the top spot on domestic charts for the weekend, projecting a $31 million haul and toppling last week’s victor “Indiana Jones and the Dial of Destiny” in the process.

“Joy Ride” opened to strong numbers at the box office from Thursday previews alone.

Brent Lang Executive Editor Sony’s “Insidious: The Red Door” scared up $5 million in Thursday night screenings, a strong start for the moderately-priced horror flick. It was also nearly enough to displace “Indiana Jones and the Dial of Destiny,” which made $5.2 million on the same day. Indy may still top the box office in its second weekend of release, but “Insidious: The Red Door” is proving to be more competitive than some thought. The latest installment in the long-running horror franchise is expected to net $25 million during its debut weekend. The weekend’s other major new release, Lionsgate and Point Grey’s “Joy Ride,” earned $1.1 million in Thursday previews. The R-rated comedy is expected to generate between $7 million to $9 million in its debut. “Joy Ride” is the feature directing debut of “Crazy Rich Asians” co-screenwriter Adele Lim. It’s the story of four friends who embark on a trip to help one member of their group find her birth mother. Raunchy detours ensue. Critics have praised “Joy Ride,” providing it with a 92% “fresh” rating on Rotten Tomatoes. Ashley Park, Sherry Cola, Stephanie Hsu and Sabrina Wu star in the film.

We can knock Disney all we want over less-than stellar post-Covid results on Marvel, Pixar and Lucasfilm titles, but the fact of the matter is the brands are still delivering, making the theatrical motion picture studio the continued box office leader with $3.4 billion worldwide for the period of Jan. 1-July 2.

Disney has been the Teflon movie studio, remarkably adept at withstanding the tectonic changes impacting the film industry, and well fortified by its arsenal of key properties such as Marvel, Lucasfilm and Pixar. But this year, the long-reigning titan of the box office has shown cracks as four of its biggest releases from those brands and others have struggled in theaters. There was the dispiriting release of “Ant-Man and the Wasp: Quantumania,” a rare Marvel movie to likely lose tens of millions in its theatrical run; “The Little Mermaid,” a remake of the 1989 classic that fell drastically short of expectations; “Elemental,” an original story that tried and failed to recapture Pixar’s magic; and most recently “Indiana Jones and the Dial of Destiny,” a nearly $300 million investment in one of cinemas’ most venerable franchises, which no longer appears to have the same hold on today’s audiences. On paper, these films seemed like they had all of the makings of huge hits, but somehow the Disney sparkle was lacking this time, in terms of filling movie theater seats.

Rebecca Rubin Film and Media Reporter “Indiana Jones and the Dial of Destiny” is stumbling in its box office debut, generating $70 million internationally and $130 million globally to start. Those ticket sales wouldn’t be bad for a film aimed at older audiences, except for the fact that Disney and Lucasfilm spent $295 million before marketing to bring the fifth and final action-adventure, starring Harrison Ford, to the big screen. “Dial of Destiny” is posting similar numbers to Warner Bros. and DC’s misfire “The Flash,” which opened to $75 million internationally and $139 million globally but cost $100 million less to make. Both tentpoles are expected to lose money in their theatrical runs.

Refresh for latest…: Disney/Lucasfilm’s Indiana Jones and the Dial of Destiny is off to a disappointing start with a $130M global opening. Of that, $70M is from 52 international box office markets as the the fifth installment in the beloved 42-year-old franchise came in below projections.

according to IMDB’s Box Office Mojo.The film stars Harrison Ford in his fifth and final portrayal of archeologist-extraordinaire Jones. “While Ford is scrappy and lovable as ever, Indy was never a role that should have been played for 41 years,” The Post said.“Spider-Man: Across the Spider-Verse” remained in second place this week, taking home $3.435 million.

SATURDAY AM: Refresh for chart…and more analysis Disney/Lucasfilm’s Indiana Jones and the Dial of Destiny is still bound to open at the bottom of end of tracking’s projection of $60M as this morning. I saw an estimate in The Flash vicinity of $55M last night and took an Alka Seltzer out of shock. Hopefully Dial of Destiny doesn’t fall apart tonight and at least stays on course for a Mission: Impossible – Fallout type opening in the $60M range over three days. That figure might be good for exhibition and popcorn sales over the five-day holiday weekend, but it stinks for a movie that has a reported cost of $250M to near $300M before P&A.

Rebecca Rubin Film and Media Reporter “Indiana Jones and the Dial of Destiny” is gunning for the top spot on box office charts. The fifth and final adventure to star Harrison Ford as the legendary, globe-trotting explorer is targeting at least $65 million from 4,500 North American theaters in its opening weekend. The latest Indy installment is also debuting day-and-date at the international box office, where it’s aiming to add $80 million for a global start of $145 million to $150 million. Those ticket sales are decent, especially for the fourth sequel to a decades-old property that’s aimed at older audiences. But Disney spent a mind-boggling $295 million to bring the action-adventure to life. That’s not including marketing costs, such as a no-expense-spared premiere and afterparty at the Cannes Film Festival where much champagne was tippled. Even in the best circumstances, it’ll take a heroic feat — and a lot of nostalgia from long-time fans of the series — for “Indiana Jones 5” to turn a profit in its theatrical run.

Facing the worst reviews ever for an Indiana Jones movie, the Lucasfilm franchise finale, Indiana Jones and the Dial of Destiny, is hoping to gain traction with audiences and best its $60M-$65M domestic start, $140M global opening.

The Super Mario Bros. Movie” and “Guardians of the Galaxy Vol. 3” have generated massive business, the kind that would have been impressive in pre-COVID times. And movies like “Cocaine Bear,” “Scream VI” and “Evil Dead Rise” have been solid mid-budget hits, selling tickets in the spring and winter months when cinemas are hustling to keep seats filled. Overall, the domestic box office stands at $4.35 billion, a 20.7% improvement over where ticket sales clocked in at the same point in the pandemic-blighted 2022, according to Comscore. So things are getting better, and there are several promising films on the horizon such as “Mission: Impossible – Dead Reckoning Part One” and “Barbie” that could prove to be big summer hits.

As the summer season shines onto the box office, movie grosses don’t match what they used to be in seasons past.

$2.3 billion “Avatar: The Way of Water” raked in last Christmas — movie theaters are back to being an armory of high-profile bombs. This weekend, wobbly Warner Bros.’ “The Flash” dropped a staggering 73% in its second week to a worldwide total of just $210 million. A more-than-50% decline for an expensive DC Comics superhero film spells trouble.Consider that fellow Justice League member “Aquaman” made $229 million by his second weekend in the US and Canada alone.Pixar’s uninspired “Elemental,” released June 16 and so far having grossed $121 million, will wind up as one of the Disney-owned animation studio’s biggest failures ever.

according to IMDB’s Box Office Mojo.The Jennifer Lawrence-led flick centers around a 32-year-old bartender and Uber driver who accepts a job to date a 19-year-old from a Craigslist ad created by his parents.Rolling Stone said the A-List actress is “easily the best thing in this comedy about a woman hired to ‘date’ a shy high school senior — yet not even foul-mouthed, no-filter J-Law can save this mess.”“Spider-Man: Across the Spider-Verse” crawled up to second place after being in third last week, earning 5.7 million. There was buzz from fans that a sequel to the flick would be released in March, but that rumor was dispelled from an anonymous artist who worked on the movie.“There’s no way that movie’s coming out then,” the employee dished to Vulture.“Everyone’s been fully focused on Across the Spider-Verse and barely crossing the finish line.

J. Kim Murphy “No Hard Feelings” came out on top of the domestic box office on its opening day, bedding $6.25 million in Friday and Thursday preview screenings from 3,208 venues. Meanwhile, the top spot for the weekend is a battle between animated adventures; both “Elemental” and “Spider-Man: Across the Spider-Verse” are staying above “The Flash,” which looks to be collapsing in its second outing. Heading into the weekend, “No Hard Feelings” was projected to launch with a mild $12 million. The raunchy R-rated Jennifer Lawrence vehicle is already outrunning those estimates, now forecasting a debut of $15 million or so. “No Hard Feelings” may lose pace to holdovers as the weekend unfolds, but box-office-king-for-a-day is certainly a higher honor than most studio comedies have achieved of late. The once-prolific genre has fallen far from theatrical relevance in recent years, with the past few months containing an expansive slate of box office disappointments and failures, from “The Machine” to “Easter Sunday” to “Bros.”

Sony’s mission to return comedy to the big screen with the R-rated Jennifer Lawrence movie No Hard Feelings began Thursday, when the film grossed $2.15 million from showtimes that began at 4 p.m. at 2,745 locations. The pic hopes to do around $12M this weekend in what will be second session where Warner Bros’ misfire The Flash hopes not take a -70% tumble. At the low end that’s $16.5M. A good hold will be off 55% to north of $24M.

Strong showings at the June 11 Tony Awards – both in terms of trophies and on-air performances – seem to have made an equally sturdy impact at the box office, with best musical Kimberly Akimbo and nominated & Juliet – posting their best numbers yet, and best play Leopoldstadt making significant gains over the previous week.

Refresh for latest…: Warner Bros/DC’s The Flash sped into 78 overseas markets this weekend, grossing $75M, below the $85M-$95M we saw coming into the frame. With domestic’s slow-crawl three-day included, that makes for a $139M global opening. This is lower than projections, with general audiences not rushing out to see the deeper universe pic.

The Post noted in a review that called the flick “solidly entertaining.”The film is tracking to open in the $70 million range over the long Father’s Day and Juneteenth weekend, according to The Hollywood Reporter.Next in line was Pixar’s new animated adventure film “Elemental,” which grossed $11.8 million in its opening night on Friday. It could end up being Pixar’s lowest debut, wrote the blog Slashfilm.The family flick is set in a New York-esque metropolis inhabited by anthropomorphic wind, water, fire and Earth citizens, and is sweet but underwhelming, said The Post.“Spider-Man: Across the Spider-Verse” took third in the box office, raking in $8.1 million.