- “F9” had a better pandemic opening at the domestic box office over the weekend with $ 70 million.
- It brought in more than the $ 60 million earned by the latest “Fast and Furious” movie, “Hobbs and Shaw”.
- “F9” grossed over $ 400 million worldwide.
- See more stories on the Insider business page.
The latest “Fast and Furious” movie, “F9,” grossed $ 70 million at the North American box office over the weekend, a new best opening in the event of a pandemic that topped the previous record holder, “A Quiet Place Part II”.
80% of the North American cinema market is open, according to Comscore.
The first installment of the ninth installment is also more than the last movie “Fast”, the spin-off “Hobbs and Shaw” in 2019. This film grossed $ 60 million domestically on its opening weekend and has grossed $ 760 million worldwide. The eighth installment of the main “Fast” saga, “Fate of the Furious,” grossed $ 98 million nationally when it debuted in 2017 and ultimately grossed over $ 1 billion worldwide.
“Tentpole’s sequels and horror films were already mainstays of annual movie theater revenues before the pandemic, so it makes sense that they are among the first during this transition to normal life for many people. “said Shawn Robbins, the head of Box Office Pro. analyst.
“F9” has already grossed $ 405 million worldwide. Although the film slowed down in the franchise’s key market of China, where it opened last month, it still grossed $ 217 million there (more than the $ 201 million “Hobbs and Shaw” earned in the region, but less than the $ 393 million “The Fate of the Furious” made).
It opened with $ 136 million in China, but fell 85% on its second weekend there to $ 20.6 million. The decline is dramatic, but not unprecedented. “The Fate of the Furious” fell 70% on its second weekend in China.
With more international markets to come, “F9” will likely overtake “Godzilla vs. Kong” as this year’s highest-grossing Hollywood release to date. The Warner Bros. monster mashup, which debuted in March, grossed $ 442 million worldwide.
“The performance of F9 bodes well for other tent poles with higher potential caps, but we need to be careful with expectations in this ever-changing market,” Robbins said.
While the opening of “F9” is a positive sign for movie theaters, the industry still has some way to go to fully recover. The strength of the cinema market in the near future could be as much a question of legs as of a solid start, according to exhibitor relations media analyst Jeff Bock – which means the second weekend of “F9” could be important.
“The most worrying aspect is the lack of feature films on the market,” Bock said. “The key to the future of the theater industry is sustainability. It means either consistent openings or marathons.”
And the pandemic has fundamentally changed the way studios approach distribution practices.
Universal, the studio behind the “Fast and Furious” films, has made deals with some of the biggest movie chains to shorten the theatrical window from 75 days before the pandemic to just 17 days in most cases, by which time it can. release a movie to digital rental platforms.