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.