Box Office: ‘The Conjuring 2’ Beat Video Game Adaptation ‘Warcraft’

Box Office: ‘The Conjuring 2’ Beat Video Game Adaptation ‘Warcraft’

Box Office: ‘The Conjuring 2’ Beat Video Game Adaptation ‘Warcraft’

$TWX, $CMCSA, $ATVI, $LGF, $VIA

New Line and Warner Bros.’, a unit of Time Warner (NYSE:TWX) spooky The Conjuring 2 easily beat big-budget video game adaptation Warcraft and Now You See Me 2 at the domestic box office this weekend with a $40.4-M debut from 3,343 theaters, the largest horror opening since the 1st Conjuring in July 2013 and the biggest ever for the month of June.

The James Wan-directed film paced not far behind The Conjuring ($41.9-M). It is doing well overseas, grossing $50-M from 44 markets for an early worldwide box office take of $90.4-M and scoring the top start of all time for a horror title in 26 markets.

The movie boasts strong reviews and garnered an A- CinemaScore.

The 1st Conjuring likewise earned an A- CinemaScore, and was a formidable force at the box office, earning $318-M worldwide on a $20-M budget. The follow-up cost $40-M

Legendary and Universal’s, a unit of Comcast (NASDAQ:CMCSA) Warcraft fizzled in its US debut with $24.4-M from 3,400 locations despite a hefty net budget of $160-M. The adaptation of Activision Blizzard’s (NASDAQ:ATVI) video game earned a B+ CinemaScore

Jon M. Chu’s magic caper sequel Now You See Me 2 placed #3 in North America with $23-M from 3,232 theaters. That compares to $29.4-M for Now You See Me, a highlight of Summer 2013 upon earning $351.7-M globally. The Lionsgate/Summit (NYSE:LGF) sequel, which got an A- CinemaScore, had a production budget of $90-M.

2 other sequels, Teenage Mutant Ninja Turtles: Out of the Shadows and X-Men: Apocalypse from Paramount, a unit of Viacom, (NASDAQ:VIA) rounded out the Top 5.  Apocalypse, now in its 3rd frame, earned an estimated $10-M for a domestic box office of $136-M+.

Have some fun, see a movie this week.

 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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