LOS ANGELES: Is there anything more powerful than family? Fast 9, the newest sequel in Universal’s Fast & Furious series, made its debut at the box office on Friday.
A massive $70 million was collected from 4,179 North American locations in the first hour of play after several delays over a year and a half. That is by far the best start for a film at the box office in the United States since the release of Covid-19.
It is hoped that the big-screen celebration of enormous men, speeding automobiles, and gravity-defying feats would provide some much-needed impetus to the film theater industry, which has been fighting to recover as viewers begin to feel more comfortable returning to their local multiplex. F9 is the next blockbuster-in-the-making that has the potential to create a new box office record for the Covid era. Prior to this weekend, Paramount’s A Quiet Place Part II had the best opening weekend in the pandemic period, with $48.3 million in its first weekend of release.
In part, this is because attendance hasn’t recovered to pre-Covid levels, and the Canadian box office, which accounts for a significant portion of North American income, has remained almost completely closed since the start of the Covid investigation. When it comes to Fast and Furious franchise debuts, F9 has a tiny advantage over the 2019 spinoff Hobbs & Shaw, which grossed $60 million in its first weekend and completed its theatrical run with $173 million in the United States and $759 million worldwide. The most recent installment in the core series was 2017’s The Fate of the Furious, which debuted to a modest $98 million and went on to make $226 million in North America and $1.2 billion globally. Fast and Furious 7 set a new series record at the box office, grossing a massive $147.2 million in its first three days of release on its way to a total of $353 million at the domestic box office and $1.5 billion worldwide.
David A. Gross, the founder and CEO of the film consulting firm Franchise Entertainment Research, believes the first weekend of F9 was “an great start to an amazing series,” according to Gross.
“Filmgoing has showed glimpses of genuine strength in the previous month, particularly this weekend with A Quiet Place 2, but it has also been tentative,” Gross adds of the industry. F9 and A Quiet Place 2 are the most straightforward examples of what the industry is capable of now — both excellent series and strictly theatrical releases with no streaming.”
Among the recent Warner Bros. films are The Conjuring: The Devil Made Me Do It and Godzilla Vs. Kong. Gross is alluding to the Disney films Cruella and Raya and the Last Dragon, as well as the current Disney film Cruella and Raya and the Last Dragon. The box office performance of such films has been steady, but their total earnings have been tainted by the fact that they are also available on streaming services like Netflix and Amazon Prime. Alternatively, films such as A Quiet Place Part II and F9 have benefited from the fact that they can only be seen in theaters, as opposed to other formats. F9 will be made available on premium video-on-demand platforms after a same length of time on the big screen as A Quiet Place Part II. After 45 days on the big screen, A Quiet Place Part II will be made available on the nascent streaming service Paramount Plus.
F9 has proven to be a popular attraction with worldwide audiences, with ticket sales surpassing the $300 million mark. The picture earned an additional $38 million from 45 overseas countries, bringing its total worldwide earnings to $335 million and $405 million, respectively. In spite of the fact that Covid-era limitations and consumer apprehensions have resulted in F9 grossing significantly less than previous Fast films, the action adventure didn’t cost any less to create — nor did it cost any less to advertise and promote on a worldwide basis. That implies that in order for the $200 million budgeted film to break even, it will have to sell a large number of internet rentals in addition to theater tickets.