Box Office Breakdown for Weekend of 7/14/24
What’s up, Geeks + Gamers? It’s ODIN
Despicable Me 4’s Path to $1 Billion, Inside Out 2 Crosses $1.35 Billion
Despicable Me 4 had yet another strong weekend at the box office as it not only took the top spot but also crossed $200 million domestically. Even though the film has only made about $437 million after two weeks, the tracking indicates that it has an excellent chance of crossing $1 billion by the end of its box office run. Despicable Me 4 will not reach that milestone faster than Inside Out 2, which did so in three weeks and had a final two-week total of roughly $724,383,116… a whopping $300 million (or so) ahead of Despicable Me 4. One factor that must be considered is that Despicable Me 4 still has not been released in a few international markets and has a lot of potential to make more because of it. It is important to remember that films like this with a strong family audience usually see very strong holds from week to week down the line. This movie still has a lot of money left to be made.
Based on the RCC charting, Despicable Me 4 has already made about $56,788,900 million in net profits. Since we now have the week-2 numbers, we can project that the film will make between $625 million and $875 million worldwide by the end of its run. It is important to note that while this does not indicate Despicable Me 4 will make $1 billion, this estimate is based on the current data provided and typical historical standards. The domestic numbers for Despicable Me 4 are mostly keeping up with Despicable Me 3 even when you adjust for inflation. The chances of it making more than the $264 million (unadjusted) final domestic total of the previous film are all but guaranteed. The bigger question is how close the international ticket sales get to the $768 (unadjusted) or $923 (adjusted) million of Despicable Me 3, which, as of now, could happen.
Moving on to Inside Out 2, it is clear that the film still has a lot of gas left in its tank. Reaching over $1.35 billion in a matter of five weeks means that it will likely end its run between $1.4-$1.6 billion. What is even more impressive is how Inside Out 2 has already made about $320 million in net profits according to my RCC method, and that means it has a solid chance of ending near or above $500 million in total profit. Though this would not make up for the +$1 billion in losses from Disney’s theatrical releases last year, it would definitely make a dent. With Deadpool & Wolverine looking more and more formidable in its presales and early projections, this summer could be a massive help for them financially when it comes to their cinematic ventures.
According to the-numbers.com, the top 5 this weekend domestically were:
- Despicable Me 4 (40% drop in 2nd weekend)
- Longlegs ($22.6 million as a new release)
- Inside Out 2 (32% drop in 5th weekend)
- A Quiet Place: Day One (43% drop in 3rd weekend)
- Fly Me to the Moon ($10 million as a new release)
A Quiet Place: Day One Starts Making a Profit, Nicolas Cage’s Longlegs Surprises
Last week, A Quiet Place: Day One was well on its way to breaking even and making a decent profit. After this weekend, the film has earned roughly $2.8 million in profit using the more accurate RCC method, and with that, will likely end its run with between $50-$100 million in net profits. Though this is a good thing, it must be remembered that making back your money and adding some profit is one thing, but making enough to fund future projects is another. If the movie can finish on the high end of the profit estimates and/or have a great run on VOD (its release on which is scheduled for 7/30/24), then the justification for future Quiet Place movies will be secure, and Platinum Dunes will likely continue what could be a long-running franchise with endless possibilities based upon the world built by John Krasinski.
One of the surprises for this weekend was just how well the new Nic Cage horror flick, Longlegs, has done. Not only is this the best opening weekend in the history of the production company Neon, but it is also quite a feat for an indie movie to break into the top 3 domestic films of the weekend. With a budget that has been described as less than $10 million, this is a solid start that could not only lead to eventual profits but enough success to fund a similar future project for the company. With the box office continuing to be topsy-turvy (especially with non-tentpole/major IP flicks), this news should make not only theaters happy but film buffs as well. Whether or not this is a sign of recovery for the box office is still very much in doubt. While Longlegs has done well and gone far past initial projections, films like Fly Me to the Moon have come in well under projections and are likely to lose a ton of money.
Check out my channel for the latest box office breakdown video HERE.
If you want further analysis on these or any other films, check out the full charting I do over at my website. Have a wonderful rest of your day, and, as always, God bless!
(If you ever want further insight into my methodology, see my previous articles HERE and HERE and the RCC method I use to break down movies internationally HERE.)
