For the second week in a row, Onward stayed number one in the box office earning $10.5 million over the weekend. This increases the overall earning of Pixar’s latest movie to a total domestic estimate of $60.3 million. I Still Believe, takes the second spot earning $9.5 million, and Bloodshot earned $9.3 million in its debut. While these are decent numbers, it is important to point out that Onward is the only movie to break $10 million this week. Onward‘s failure screams at a more significant issue that has affected the box office for the last few weeks; no one is going to the theater. As reported by Variety, this weekend is the lowest weekend box office in the last 20 years. Box office numbers have not been this low since Sept. 15 to 17 weekend in 2000, with a box office take of only $54.5 million.
What is important to understand about the movie industry is that as technology evolves, so do movies. As such movie budgets grow, the best example is Avengers: Endgame with a budget of $356 million, the movie grossed $2.8 billion, making it the highest-grossing film of all time beating James Cameron’s Avatar. Last year alone, there was the most significant number of movies to break the 1 billion mark, Aladin, Star Wars Rise of Skywalker, Toy Story 4, Captain Marvel, Frozen II, Lion King, and Avengers: Endgame. Overall, Disney had seven movies to break a billion dollars, jump one year later, and Onward bearly breaks $100 million. As we reported before the coronavirus has caused massive theater close-downs across multiple countries impacting the economy.
Weekend Box Office Results:
- Onward – $10.6M
- I Still Believe – $9.6M
- Bloodshot – $9.3M
- The Invisible Man – $6M
- The Hunt – $5.3M
- Sonic the Hedgehog – $2.6M
- The Way Back – $2.5M
- The Call of the Wild – $2.3M
- Emma. – $1.4M
- Bad Boys for Life – $1.1M
Result courtesy of box office Mojo.