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The Industry
Jul 15, 2024
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Good morning: In today's edition of The Industry, we look at:

Despicable Me 4 keeps up the trouble, Harrison Ford's Second Term, Emerald Fennell’s gothic obsession, and not another cowboy ranch.

Let’s go!

This is not a political newsletter, but we felt compelled to include this quote from the co-founder of Substack:

“Perhaps we can use this moment as an opportunity to recognize each other’s humanity regardless of politics and reset our discourse in pursuit of understanding rather than derision.”

-

Hamish McKenzie


BOX OFFICE TRENDS

Animation continues to rule, with Inside Out 2 and Despicable Me 4 making a combined $65.4 M domestic during the weekend.

(From today, every Monday will include the Box Office and streaming trends. A summary will be featured below with a link to a deep dive breakdown.)

Here’s the breakdown of Despicable Me 4’s second-weekend domestic performance over the franchise history:

$32.8 M - Despicable Me (2010)

  • 42% drop

$43.8 M - Despicable Me 2 (2013)

  • 48% drop

$33.5 M - Despicable Me 3 (2017)

  • 54% drop

$44.65 M - Despicable Me 4 (2024)

  • 40% drop

  • $211.1 Domestic total

  • $437.8 M Global

DM4 bested all previous installments in both the 2nd-weekend drop-off rate and domestic performance. It even outperformed the drop for the latest Minions film. But not its second weekend:

$46.1 M - Minions: The Rise of Gru (2022)

  • 57% drop

This puts the total gross of the Despicable Me and Minions series at $5.09 bn, the highest-grossing animated series of all time.

(Here is the link to the full breakdown of the Box office winners and losers - theindustry.co/box-office-breakdown)

Here’s the breakdown of the rest of the top 10:

$22.6 M - Longlegs (Neon)

  • Biggest horror opening of 2024

  • Week 1

$20.7 M - Inside Out 2 (Pixar)

  • $572.6 M domestic total

  • $1.3 bn Global

  • Week 5

$11.8 M - A Quiet Place: Day One (Paramount)

  • $116 M domestic total

  • $203 M Global

  • Week 3

$10 M - Fly Me to the Moon - (Sony/Apple)

  • $19 M Global

  • Week 1

$4.4 M - Bad Boys: Ride or Die (Sony)

  • $184 M domestic total

  • $378 M Global

  • Week 6

$2.4 M - Horizon: An American Saga Chapter 1 (Warner Bros.)

  • $27 M domestic total

  • $29.5 M Global

  • Week 3

$2 M - Maxxxine (A24)

  • $11.7 M domestic total

  • $14.7 M Global

  • Week 2

$1.3 M - Sound of Hope: The Story of Possum Trot (Angel Studios)

  • $9.7 M domestic total

  • Week 2

$1 M - The Liong King (Disney, re-release)

  • $423.8 M domestic total (since 1994)

  • $977.9 M Global

  • Week 1 (re-release)

Here are the biggest losers:

$42.4 K - National Anthem (Variance Films/LD Entertainment)

  • Week 1

$24 K - Last Summer (Janus Films)

  • $104 K domestic total

  • $983 K Global

  • Week 3

$20 K - Ghostlight (IFC Films)

  • $634 K domestic total

  • Week 5

(Here is the link to the full breakdown of the Box office winners and losers - theindustry.co/box-office-breakdown)

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