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Saturday, March 4, 2023

Cocaine Bear Breaks $8.6 Million in Opening Day Box Office, Projecting Record Decline for Marvel with Ant-Man 3

An institution of simple joys can be the theatre. Hollywood broadcasts a tale about a raving bear that has been doped out of its mind, and, what do you know?, the populace erupts.

3,534 locations saw a respectable $8.6 million opening day gross for "Cocaine Bear," which includes $2 million from Thursday previews. That puts the Universal release ahead of expectations, which had the bloody comedy's opening weekend estimated to be between $15 million and $17 million. The movie is in a good position thanks to a clever marketing strategy and an intriguing premise, and a debut in excess of $21 million is now expected.

That would be a fortunate beginning for "Cocaine Bear," which has a $35 million production budget. The film has a 51% approval grade from renowned critics on the review aggregation website Rotten Tomatoes. However, reviews have been somewhat inconsistent. A "B-" score from research company Cinema Score indicates that audiences are also somewhat unenthusiastic about the movie, but a middling grade is typical for a genre release with a horror bent. But ultimately, "Cocaine Bear" is called "Cocaine Bear"; the simple concept is working well, and viewers must see the movie to believe it.

Cocaine Bear Breaks $8.6 Million in Opening Day Box Office, Projecting Record Decline for Marvel with Ant-Man 3

"Cocaine Bear" stars Keri Russell, O'Shea Jackson Jr., Alden Ehrenreich, Jesse Tyler Ferguson, Ray Liotta, and Brooklynn Prince alongside a CGI bear (no actual bears used cocaine during production). The movie, which is based on a true story, centres on the citizens of a small Georgian town who have to fight to live after a murderous bear eats a duffel bag full of cocaine. Based on a true tale (very loosely), the movie.

Despite being the top earner on Friday, "Cocaine Bear" is most likely to finish behind "Ant-Man and the Wasp: Quantumania" in the overall weekend charts. Marvel has undoubtedly experienced better box office days, despite the superhero film continuing to remain one step ahead of the opposition.

The Disney film's second Friday saw its worst performance yet, with a $8.3 million gross—an 82% decline from its debut day the previous week. According to industry predictions, "Ant-Man" will earn around $30 million, a 72% week-to-week decline. No movie from the Marvel Cinematic Universe has ever experienced a second weekend drop of more than 70%, so this would be a first. In reality, only one movie 2011's "The Deathly Hallows Part 2" had a domestic opening over $100 million before losing more than 70% of its audience.

With a current domestic gross of $143 million, "Quantumania" continues to dominate 2023 as far as the largest release. However, the sharp decline highlights how poorly received word-of-mouth may be affecting the movie, which has received more unfavourable reviews than the typical Marvel release.

The "Ant-Man" series' highest opening for "Quantumania" was $105.5 million last week, easily surpassing the $75 million premiere of its predecessor, "Ant-Man and the Wasp." Despite having a head start, "Quantumaniasecond "'s weekend forecasts are expected to gross close to $29 million, which was the second weekend of the 2018 entry.

In 2018, "Ant-Man and the Wasp" earned $216 million locally and $622 million internationally. Even though those figures aren't insignificant, a performance for "Quantumania" in that range would probably be viewed as a failure for Marvel. The movie has a $200 million budget (which is more than previous "Ant-Man" installments) and introduces Jonathan Majors' Kang, a villain who will have a bigger part in subsequent Marvel Cinematic Universe films.

"Jesus Revolution" is currently in third place on the domestic charts after grossing $6.95 million on Friday, which includes $3.3 million from early access shows earlier in the week. The movie is anticipating an opening in the low eight figures while playing in 2,475 locations. The Kingdom Story Company's Lionsgate premiere is exceeding expectations thanks to a passionate audience reaction (the movie received a "A+" rating from Cinema Score).

The story of "Jesus Revolution" centres on a young pair who assist in reviving a pastor's sluggish church. Jonathan Roumie, Joel Courtney, Kimberly Williams-Paisley, Kelsey Grammer, Anna Grace Barlow, and DeVon Franklin are among the actors in the movie, which is co-directed by Jon Erwin and Brent McCorkle.

With $1.1 million on Friday, "Avatar: The Way of Water" is expected to finish in fourth place. James Cameron's sci-fi movie is still playing in its eleventh weekend of release and has so far brought in a staggering $661 million domestically.

Another holiday season staple, "Puss in Boots: The Last Wish" from Universal, deserves to take fifth position. In its tenth weekend of distribution, the DreamWorks spinoff hopes to bring in an additional $4 million, bringing its domestic total to an impressive $173 million.

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Cocaine Bear Breaks $8.6 Million in Opening Day Box Office, Projecting Record Decline for Marvel with Ant-Man 3