Box Office: ‘Hobbs & Shaw’ RevsUp to $181-M Globally

$CMCSA, $DIS, $LGF, $SNE,

The ‘Fast & Furious’ spinoff won the weekend box office race but came in on the slow end of domestic expectations.

Universal’s Hobbs & Shaw revved to the Top of the NA box office chart with $60.8-M from 4,253 theaters, and $120-M overseas for a worldwide launch of $180.8-M

The spinoff teams Dwayne Johnson and Jason Statham cost at least $180-M to produce before marketing, hence it will need to do big business globally.

Universal says that Hobbs & Shaw scored the 3rd-biggest international debut of the franchise in the markets where it has opened behind 2017’s The Fate of the Furious and 2015’s Furious 7 (2015). In North America, it’s #6, not adjusted for inflation.

It is the biggest domestic opening of the Summer outside of Disney movies and superhero pics, topping John Wick: Chapter 3 — Parabellum 

The Universal film garnered an A- CinemaScore.

The eight Fast & Furious movies have reaped almost $5 billion in ticket sales at the global box office, making it Universal’s biggest franchise.

Disney and director Jon Favreau’s The Lion King led the way the past 3 weekends, came in 2nd with $38.2 million from 4,802 theaters as it pasted $400-M domestically for a worldwide tally of $1.19-B.

Sony and Quentin Tarantino’s Once Upon a Time in Hollywood held up in its 2nd weekend. The adult tentpole, starring Leonardo DiCaprio and Brad Pitt, took in an estimated $20-M from 3,659 theaters, a 51% drop, its domestic take through Sunday is $78.8-M.

Sony’s Spider-Man: Far From Home followed with $7.8-M from 3,446 locations in its 5th weekend for a domestic haul of $360.3-M for a worldwide tally of $1.08-B.

Disney’s Toy Story 4 rounded out the Top 5 with $7.2-M in its 4th weekend and global take of $959.3-M.

Specialty holdover

The Farewell moved up the chart to # 7 in its 4th weekend as it began to expand nationwide, the A24 dramedy earned $2.4-M from 409 theaters for a location average of $5,939 and a domestic box office of $6.8-M.

A new offering

Neon opened Luce in five theaters in New York and Los Angeles. Julius Onah’s film grossed $132,916 for a respectable location average of $26,583, the best of the weekend.

Have some fun, see a movie this week.

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