Box Office Report - Weekend Box Office Predictions: August 4 - August 6, 2023



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Weekend Box Office Predictions
August 4 - August 6, 2023




Published on August 2, 2023 at 10:15PM Pacific
By Daniel Garris

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Even with two new high profile releases entering the marketplace, Warner Bros.'s Barbie is set to lead the weekend box office with ease for a third consecutive frame. Last weekend Barbie had a fabulous second weekend hold by declining just 42.6 percent to gross $93.01 million (which represented the seventh largest unadjusted second weekend gross of all-time). Barbie has continued to roll during the midweek, as the film's $15.30 million Tuesday gross was down 41.2 percent from the previous Tuesday. On Thursday, Barbie is set to surpass the $400 million domestic mark and the film should have no problem zooming past the $450 million domestic mark over the upcoming weekend. With the added presence of Paramount's Teenage Mutant Ninja Turtles: Mutant Mayhem and fellow Warner Bros. release Meg 2: The Trench entering the marketplace this weekend, Barbie will be taking a larger percentage hit to its average showtimes per location this weekend than it did last weekend, but at the same time the film is still holding onto a sizable percentage of its showtimes and also won't be coming off of a weekend performance than includes preview grosses. Look for Barbie to decline 37.6 percent from last weekend for a first place take of $58.0 million. That would represent the eighth largest unadjusted third weekend gross of all-time.

Paramount's Teenage Mutant Ninja Turtles: Mutant Mayhem opened on Wednesday in 3,513 locations. The computer animated film was directed and co-written by Jeff Rowe, while Seth Rogen and Evan Goldberg were co-writers and producers of the film. There has been a fairly high level of interest around Teenage Mutant Ninja Turtles: Mutant Mayhem and that interest should only continue to grow going forward thanks in part to the film's very strong critical reviews (which are easily the strongest ever for a Teenage Mutant Ninja Turtles theatrical film). Teenage Mutant Ninja Turtles: Mutant Mayhem also looks to be going over extremely well with initial audiences, as the film has already received a strong A rating on CinemaScore. In all likelihood, Teenage Mutant Ninja Turtles: Mutant Mayhem will be the highest grossing new film domestically to be released this August.

On Tuesday, Teenage Mutant Ninja Turtles: Mutant Mayhem grossed an estimated $3.85 million from preview shows that began at 2PM. That represented a promising 55 percent of the $7.00 million Tuesday preview gross for Paramount's Mission: Impossible – Dead Reckoning Part One in a similar situation a few weeks ago. Mission: Impossible – Dead Reckoning Part One grossed $78.49 million through its first Sunday, a comparison would translate into a five-day start of just over $43.0 million for Teenage Mutant Ninja Turtles: Mutant Mayhem. As an animated film with family appeal, Teenage Mutant Ninja Turtles: Mutant Mayhem likely won't be as front-loaded towards Tuesday previews as Mission: Impossible – Dead Reckoning Part One was, though at the same time Mutant Mayhem may be more Wednesday and Thursday heavy and a bit less weekend heavy than Dead Reckoning Part One was. BoxOfficeReport is predicting that Teenage Mutant Ninja Turtles: Mutant Mayhem will take second place over the three-day weekend with $32.5 million and will start out with $48.5 million over the film's first five days (including previews).

After two consecutive exceptional second place performances, Universal's Oppenheimer may place just behind Teenage Mutant Ninja Turtles: Mutant Mayhem for third place this weekend. This past weekend, Oppenheimer declined 43.4 percent to gross $46.71 million. Oppenheimer and Barbie experienced very similar percentage declines last weekend and that may very well be the case once again this weekend. On Tuesday, Oppenheimer grossed $6.98 million for the day, which was down 42.2 percent from the previous Tuesday. On either Thursday or Friday, Oppenheimer will pass the $200 million domestic mark. Oppenheimer will once again be helped out this weekend by the continued high level of demand to watch the film on IMAX screens. A very solid decline of 37.9 percent from last weekend would transfer into a third weekend gross of $29.0 million for Oppenheimer.

Also opening in wide release this weekend is Warner Bros.'s Meg 2: The Trench. The follow-up to the 2018 break-out hit The Meg was directed by Ben Wheatley, sees the return of star Jason Statham and also stars Wu Jing. Meg 2: The Trench will be playing in an estimated 3,800 locations this weekend and will have Thursday preview shows beginning at 3PM. Back in August of 2018, The Meg was a major surprise at the box office with a debut of $45.40 million, before going on to finish its domestic run with $145.44 million. However, a sequel to The Meg likely isn't a sequel that audiences wanted all that badly, and Meg 2: The Trench could also see the Barbenheimer phenomenon limit its box office potential more so than most other late July / early August releases. Last weekend Disney's Haunted Mansion debuted with $24.08 million and this weekend Meg 2: The Trench could very well be looking at an opening weekend performance in the same neighborhood. BoxOfficeReport is predicting that Meg 2: The Trench will debut in fourth place this weekend with $24.5 million.

As for some of the holdovers further down in this weekend's rankings, Disney's Haunted Mansion will likely take a hit from both of this weekend's new releases, which could help lead to Haunted Mansion declining a sharp 57.2 percent to place in fifth with $10.3 million. Angel Studios's Sound of Freedom could decrease a solid 40.7 percent to take sixth with $7.6 million, while Paramount's Mission: Impossible – Dead Reckoning Part One could finally start to stabilize this weekend by slowing just 34.0 percent to follow in seventh with $7.0 million. And after exceeding expectations with a $10.43 million start last weekend, A24's well-received Talk To Me may decline a very solid 44.4 percent for an eighth place gross of $5.8 million.












Predictions for this weekend's top 10 films at the domestic box office.


Rank Film (Distributor) Weekend
Gross
Total
Gross
%
Change
Week
#
1 Barbie
(Warner Bros.)
$58.0 M $465.0 M -38% 3
2 Teenage Mutant Ninja Turtles:
Mutant Mayhem
(Paramount)
$32.5 M $48.5 M NEW 1
3 Oppenheimer
(Universal)
$29.0 M $229.2 M -38% 3
4 Meg 2: The Trench
(Warner Bros.)
$24.5 M $24.5 M NEW 1
5 Haunted Mansion
(Disney)
$10.3 M $43.8 M -57% 2
6 Sound of Freedom
(Angel Studios)
$7.6 M $164.3 M -41% 5
7 Mission: Impossible -
Dead Reckoning Part One
(Paramount)
$7.0 M $151.6 M -34% 4
8 Talk to Me
(A24)
$5.8 M $21.2 M -44% 2
9 Elemental
(Disney)
$1.7 M $148.9 M -51% 8
10 Indiana Jones and the Dial of Destiny
(Disney)
$1.5 M $170.6 M -62% 6










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