Fans of the Fantastic Beasts film franchise have been watching the gate receipts for the latest installment, Secrets of Dumbledore, attentively and with some trepidation. Secrets had the worst opening weekend and first week of any of the Wizarding World movies and then had the second-biggest drop-off in its second week.
DailyCampus.com reported after the first week that Secrets has to make $750 million to break even:
“The Secrets of Dumbledore” debuted to a $43 million gross this weekend, about $20 million less than “The Crimes of Grindelwald”’s opening weekend in 2018. To make matters worse, this film has a $200 million budget. Factoring in marketing expenses, the domestic-international split of the franchise and the theater’s share of box office revenue, the film likely needs to gross around $705 million worldwide, of which $175 million is domestic, to break even. With a $43 million opening weekend domestically, “The Secrets of Dumbledore” has virtually zero chance to gross that in North America, unless it has some magical legs. The film will likely close around $110 million domestically, perhaps worse depending on the trend next week.
The second week numbers are in and it looks like the $110 million break-even target won’t be reached. Per Screen-Rant.com:
After having the Wizarding World franchise’s lowest opening weekend, Fantastic Beasts: The Secrets of Dumbledore had a massive box office drop in just its second weekend of release. The film lost 67% of its business in a week, only gaining $14 million in the process. This decline is mostly because of newer, more interesting releases, such as Universal Pictures’ animated adventure film The Bad Guys, which topped the weekend box office for April 25, 2022. Additionally, although The Secrets of Dumbledore performed better internationally, it remained a commercial disappointment domestically. This arguably reveals a disinterest in the franchise, thus raising questions about its future.
ScreenRant thinks Warner Brothers will protect its Wizarding World franchise, with all its lucrative theme parks, merchandising properties, and new gaming programs, by shifting from the seemingly cursed Beasts movies to a filmed version of the Cursed Child play. Daniel Radcliffe is already saying he’s not interested, at least not right now, which of course is what he must say to get Warner Brothers to give him a significant payout.
Three quick notes about all this after the jump! Did Warner Brothers make this film with the expectation that it would be the series closer? Read More “The Secrets of Dumbledore Box Office: 67% Drop from First Weekend Gate”