'Red One' tops N.America box office but could end up in the red
Published: 02:11 PM,Nov 18,2024 | EDITED : 06:11 PM,Nov 18,2024
Amazon and MGM's new winter holiday film 'Red One' opened solidly atop the North American box office this weekend with estimated ticket sales of $34.1 million, but with a budget estimated at $250 million analysts say it faces a tricky path to profitability.
'This is a soft opening for a movie that was designed from the beginning to launch a new Christmas action comedy series,' said analyst David A. Gross of Franchise Entertainment Research.
He said the film was a crowd-pleaser but that its $250 million budget -- including a reported $50 million cost overrun -- meant its opening was 'not a disaster but ... not enough' to ensure profitability.
The Christmas comedy has Dwayne ('the Rock') Johnson, as head of North Pole security, enlisting the help of a hacker (Chris Evans) to track down a kidnapped Santa Claus (played by the not-exactly-jolly J.K. Simmons) on Christmas Eve.
'Red One' unseated Sony's horror movie 'Venom: the Last Dance,' which slipped to second, taking in an estimated $7.4 million in its fourth weekend out.
'Venom,' starring Tom Hardy, has now earned $127.6 million domestically and $308 million internationally.
In third place was Lionsgate's comedy-drama 'The Best Christmas Pageant Ever,' at $5.4 million. Pete Holmes stars in the tale of a notoriously rowdy bunch of siblings who end up giving a surprising performance in a small town's Christmas show.
A24's horror movie 'Heretic,' which has famous charmer Hugh Grant turning decidedly fiendish, dropped one spot from last weekend to fourth, with ticket sales of $5.2 million.
Slipping to fifth but still raking in $4.3 million in its eighth weekend out was Universal's family-friendly animation 'The Wild Robot.'
Rounding out the top 10 were:
'Smile 2' ($3 million)
'Conclave' ($2.9 million)
'Hello, Love Again' ($2.4 million)
'A Real Pain' ($2.3 million)
'Anora' ($1.8 million) —AFP
'This is a soft opening for a movie that was designed from the beginning to launch a new Christmas action comedy series,' said analyst David A. Gross of Franchise Entertainment Research.
He said the film was a crowd-pleaser but that its $250 million budget -- including a reported $50 million cost overrun -- meant its opening was 'not a disaster but ... not enough' to ensure profitability.
The Christmas comedy has Dwayne ('the Rock') Johnson, as head of North Pole security, enlisting the help of a hacker (Chris Evans) to track down a kidnapped Santa Claus (played by the not-exactly-jolly J.K. Simmons) on Christmas Eve.
'Red One' unseated Sony's horror movie 'Venom: the Last Dance,' which slipped to second, taking in an estimated $7.4 million in its fourth weekend out.
'Venom,' starring Tom Hardy, has now earned $127.6 million domestically and $308 million internationally.
In third place was Lionsgate's comedy-drama 'The Best Christmas Pageant Ever,' at $5.4 million. Pete Holmes stars in the tale of a notoriously rowdy bunch of siblings who end up giving a surprising performance in a small town's Christmas show.
A24's horror movie 'Heretic,' which has famous charmer Hugh Grant turning decidedly fiendish, dropped one spot from last weekend to fourth, with ticket sales of $5.2 million.
Slipping to fifth but still raking in $4.3 million in its eighth weekend out was Universal's family-friendly animation 'The Wild Robot.'
Rounding out the top 10 were:
'Smile 2' ($3 million)
'Conclave' ($2.9 million)
'Hello, Love Again' ($2.4 million)
'A Real Pain' ($2.3 million)
'Anora' ($1.8 million) —AFP