Box Office Wrap Up: MI Fallout Cruises to First.
Mission Impossible: Fallout dominates the box office with largest debut in franchise history.
The last big action flick of the summer season did not disappoint as MI: Fallout set high-water marks for the series, both financially and critically. The success of MI:6 was a standout during a week in which many of the other films took a hit. Teen Titans Go! didn’t make the big leagues and last week’s big winners all had drastic declines. The early success of the summer seems to be waning, though the box office remains stronger than last year.
This Week in Box Office History.
July has been winding the summer down this year, with each week dropping about 10%, with a few exceptions. Compared to previous years, there isn’t that one big ticket item to sustain the box office like Spider-Man Homecoming or Finding Dory. The summer season is about 400 million ahead of the disastrous 2017, but July was virtually identical to last year. With MI: Fallout being the last big action flick till Fall, it is hard to gauge at this moment if Summer 2018 will wind up being the bounce back early predictions made it out to be.
Top Film Last Year: Dunkirk.
Top Film Last Decade: The Dark Knight.
Top Three Films.
Mission Impossible: Fallout easily took first place. The 61 million dollar opening is the biggest in the franchise and the second biggest ever for star Tom Cruise. Besides big earnings, the film also managed the best critical reception for the franchise (which, besides the first and second film, have been startlingly well received by critics!) It is pacing ahead of Ghost Protocol and Rogue Nation, which could mean a global take of north of 750 million when it is all said and done.
Second Place fell to Mama Mia 2, which dropped nearly 60% in revenue in its second week. The film’s total, world wide, stands at 167 million versus a 75 million dollar budget. The encouraging news here is that this long awaited sequel is earning terrific money abroad, 90 million compared to a domestic haul of 70 million.
Last week’s number 1, Equalizer 2, plummeted to third. The film dropped 61% in its sophomore week, with lackluster reviews not helping Denzel Washington‘s first ever sequel. I guess he should have kept his “one and done” streak alive!
Teen Titans Go! to the Movies had to settle for a disappointing fifth place finish. The micro-budgeted animated feature took in exactly its budget with 10 million dollars. It was not a flop, but just the latest in a string of DC feature films to post lower than anticipated returns.
The indie expansion extravaganza did not materialize as Sorry to Bother You (12th, 1.3 million), Blindspotting (13th, 1.2 million), Eighth Grade (13th, 1.2 million), and Three Identical Strangers (14th, 1.1 million) all missed the top ten after upping their theater counts.