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

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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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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