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Fueling box office rebound, BԪַQuiet PlaceBԪַ opens with $58.5M

U.S. Memorial Day weekend movie take about a third of the holiday weekendBԪַs normal business
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This image released by Disney shows Emma Stone in a scene from BԪַCruella.BԪַ (Laurie Sparham/Disney via AP)

Moviegoing increasingly looks like it didnBԪַt die during the pandemic. It just went into hibernation.

John KrasinskiBԪַs thriller sequel opened over the Memorial Day weekend to a pandemic-best $48.4 million, according to studio estimates Sunday. Including the Monday holiday, the studio forecasts the film will gross $58.5 million in North America. It added another $22 million in ticket sales overseas.

The filmBԪַs performance cheered a movie industry that . Paramount PicturesBԪַ BԪַA Quiet Place Part II,BԪַ which was on the cusp of opening in March 2021 before theaters shut, was the first big film this year BԪַ and one of the only larger budget COVID-era releases beside BԪַ to open exclusively in theaters.

Chris Aronson, distribution chief for Paramount, called the opening BԪַan unqualified success.BԪַ

BԪַItBԪַs a huge sigh of a relief and a sense of optimism for sure,BԪַ Aronson said. BԪַMovies, moviegoing, movie theaters arenBԪַt dead. Yes, theyBԪַve been threatened but theyBԪַre proving once again that theyBԪַre resilient and that people do want to have that communal experience.BԪַ

Many studios have trotted out hybrid release plans during the pandemic, debuting films simultaneously in the home. The Walt Disney Co. did that this weekend with its making it available to Disney+ subscribers for $30. In theaters, it grossed $21.3 million, Disney said, and an estimated $26.4 million over the four-day weekend. BԪַCruellaBԪַ also added $16.1 million in 29 international territories. Disney didnBԪַt say how much the film made on the companyBԪַs streaming platform.

BԪַA Quiet Place IIBԪַ will also turn to streaming after 45 days in theaters when it becomes available on Paramount+. One clear result of the pandemic is that the theatrical window has shrunk, probably permanently. Three months was once the customary length of a movieBԪַs run in theaters. The yearBԪַs previous best debut belonged to Warner Bros.BԪַ BԪַGodzilla vs. Kong,BԪַ which opened with $32.2 million, or $48.5 million over its first five days, while simultaneously streaming on HBO Max.

The contrasting release strategies between BԪַA Quiet Place Part IIBԪַ and BԪַCruellaBԪַ offered a test case for Hollywood. How much does a day-and-date release cost a movie like BԪַCruellaBԪַ in ticket sales? Is it worth it? Without knowing how much BԪַCruellaBԪַ benefitted Disney+, a true comparison isnBԪַt possible. But the strong returns for the theater-only BԪַA Quiet Place Part IIBԪַ are telling, says Paul Dergarabedian, senior media analyst for data firm Comscore. He called it a BԪַpivotal weekendBԪַ for the movie industry that proved predictions of the movie theaterBԪַs demise BԪַflat-out wrong.BԪַ

BԪַThat BԪַQuiet Place Part IIBԪַ did so well makes a strong case that a theatrical-first release for a big movie is the way to go,BԪַ Dergarabedian said. BԪַThis is the best possible news for an industry thatBԪַs been dealing with probably the most profoundly challenging chapter in the history of the movie theater.BԪַ

The debut of BԪַA Quiet Place Part IIBԪַ was much watched throughout Hollywood as the kickoff to . After largely sitting out the pandemic, or diverting to streaming platforms, a lineup of blockbusters are again queuing up. On tap are Warner Bros.BԪַ BԪַIn the Heights,BԪַ UniversalsBԪַ BԪַF9BԪַ and DisneyBԪַs BԪַBlack Widow.BԪַ

Last week, Universal PicturesBԪַ ninth installment in the BԪַFast & FuriousBԪַ franchise, BԪַF9,BԪַ opened with $162 million in ticket sales in eight international markets, and $135 million in China alone. In its second weekend, BԪַF9,BԪַ which opens in North America on June 25, raced toward $230 million worldwide.

BԪַA Quiet Place Part IIBԪַ had already had its red-carpet premiere in March last year, and spent some of its marketing budget. But it opened remarkably in line with predictions of how many tickets it would sell before the onset of the pandemic. In the intervening months, Paramount sold off many of its films to streamers BԪַ BԪַComing 2 America,BԪַ BԪַThe Trial of the Chicago 7BԪַ BԪַ but Krasinski and the studio felt strongly that the hushed intensity of BԪַA Quiet Place Part IIBԪַ worked best on the big screen.

, Krasinski said a theatrical release was BԪַnon-negotiable.BԪַ And Krasinski worked hard to stoke excitement, traveling the country in the week leading up to release to surprise moviegoers. Still, given the circumstances, he had little idea whether audiences would come out.

BԪַAs bizarre as the entire year has been is how bizarre whatever opening weekend is,BԪַ Krasinski said. BԪַI donBԪַt really know what it is anymore.BԪַ

In the end, BԪַA Quiet Place Part IIBԪַ performed a lot like how the first one did. That 2018 hit, which ultimately grossed $340 million globally on a $17 million budget, launched with $50.2 million in North American ticket sales. Sequels usually do better than the original but BԪַPart IIBԪַ had far more challenges due to pandemic.

Rich Gelfond, chief executive of IMAX, where BԪַA Quiet Place Part IIBԪַ earned $4.1 million domestically, called the film BԪַthe first domestic release this year to cross the threshold from BԪַgreat opening weekend given the pandemicBԪַ to BԪַgreat opening weekend, period.BԪַBԪַ

Memorial Day weekend, usually one of the busiest for theaters, still didnBԪַt look like it normally does at the movies. Total box office exceeded $80 million but thatBԪַs about a third of the holiday weekendBԪַs normal business. Last Memorial Day, when nearly all operating theaters were drive-ins, ticket sales amounted to $842,000, according to Comscore.

Many theaters, particularly in New York and Los Angeles, are still operating with social distancing measures. But guidelines are thawing. Last week, the nationBԪַs top theater chains BԪַ AMC, Regal, Cinemark BԪַ said they would no longer require vaccinated moviegoers to wear face masks.

BԪַJake Coyle, The Associated Press





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