In this weekend box office forecast, we are going to take a look at how The Flash and Elemental will take on the domestic box office for this upcoming weekend as Transformers: Rise of the Beasts and Spider-Man: Across the Spider-Verse continue their runs. There is lots to cover as we enter this weekend.
What a rocky road to the release, the last 18 months has been flooded with multiple different headlines that have caused concerns. Regardless, the majority of reception has been positive and loud as Warner Bros debuted the film at CinemaCon and fan screenings certainly raised WOM. However, the film is only sitting at 72% on Rotten Tomatoes at the time of this writing and while that is most certainly good, it doesn’t sound like the rave coming out of CinemaCon and the fan screenings.
Nevertheless, we have reviewed the film, and believe that the film is suited towards more of the casual moviegoing audience who may get much more out of this movie. If that’s the case then expect a slightly better day-to-day hold over the opening weekend but nothing that will significantly move the needle. Tracking has held steady at $70M for the opening weekend and it could push higher depending on how everything else performs.
Pixar has been massively struggling ever since the pandemic, both creatively and commercially. Recently laying off 75 employers, first major job cut in 10 years for the studio. Lightyear Director among them; it’s clear that the studio was not happy with the box office performance of that film:
- Opening Weekend: $50.5M
- Domestic: $118.3M
- Worldwide: $226.4M
Considering it is a spin-off from their most iconic and profitable franchise ‘Toy Story’ and held a $200M budget, the studio shouldn’t be happy with it falling far under the breakeven point.
Elemental is the next chance at redemption for the studio and the excuse of animation films struggling in cinemas post-pandemic is blatantly not true and Spider-Man: Across the Spider-Verse strongly debunks that myth. Elemental should do more than the abysmal final gross of Lightyear but unfortunately, still holds the $200M price tag to its name so an uphill battle remains.
Weekend Box Office Forecast for June 16-18, 2023:
|Spider-Man: Across the Spider-Verse||$30,950,000|
|Transformers: Rise of the Beasts||$23,750,000|
|The Little Mermaid||$13,900,000|
|Guardians of the Galaxy Vol.3||$4,900,000|
|The Super Mario Bros. Movie||$1,150,000|
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