Categories
Make Money From Home

Box Office: ‘Fantastic Beasts 3’ Opens to Franchise-Low $43 Million – Reuters

<p id="primary-image-caption" data-testid="primary-image-caption" class="text__text__1FZLe text__medium-grey__3A_RT text__regular__2N1Xr text__small__1kGq2 body__base__22dCE body__caption__3L8vY article-body__primary-image-caption__2qQ…….

Eddie Redmayne attends a press event for “Fantastic Beasts: The Secrets of Dumbledore” in New York City, New York, U.S., April 6, 2022. REUTERS/Caitlin Ochs

Register now for FREE unlimited access to Reuters.com

LOS ANGELES, April 17 (Variety.com) – “Fantastic Beasts: The Secrets of Dumbledore,” the third chapter in the “Harry Potter” spinoff series, collected a muted $43 million in its domestic box office debut.

In pandemic times, those ticket sales were enough to lead this weekend’s box office charts and land one of the biggest North American openings in 2022. But it’s also a sign that magic is in short supply for J.K. Rowling’s lucrative and ever-expanding Wizarding World. Dinged by mixed reviews and growing apathy for prequel series star Newt Scamander (Eddie Redmayne) and company, “The Secrets of Dumbledore” stands as the worst start for a “Harry Potter”-adjacent movie. (Its predecessors 2016’s “Fantastic Beasts and Where to Find Them,” launched to $74 million in North America, while the 2018 follow-up “The Crimes of Grindelwald” bowed to $62 million.)

The diminishing enthusiasm for “Fantastic Beasts” is problematic because witchcraft and wizardry does not come cheap. Warner Bros. shelled out $200 million to produce “The Secrets of Dumbledore,” and the studio spent tens of millions more to promote the film to audiences across the globe. Like its predecessors, “The Secrets of Dumbledore” will be reliant on the international box office to make money in its theatrical run. The first two “Fantastic Beasts” installments — which ended with $814 million globally and $650 million globally, respectively — made nearly 75% of revenues from foreign sales.

<h5 class="text__text__1FZLe text__white__3r45t text__medium__1kbOh text__heading_5__2krbj heading__…….

Source: https://www.reuters.com/lifestyle/box-office-fantastic-beasts-3-opens-franchise-low-43-million-2022-04-17/

Leave a Reply

Your email address will not be published.