Wednesday, November 15, 2023

Captain Marvel 2: Looking Ahead to the Second Weekend

We now have some perspective on the opening weekend of The Marvels; some sense of how its second weekend is likely to go; and the reaction to all of the same.

Right now much is being made of not only how the movie's opening compares to that of the original Captain Marvel ($47 million versus the $153 million the first made, and just a quarter of the $186 million to which that gross would be equivalent now), but how it has had a weaker opening than any of the prior thirty-two Marvel Cinematic Universe films released to date in current dollar figures, including 2008's The Incredible Hulk fifteen inflationary years earlier (that movie made $55 million, which is more like $78 million today after adjustment for price rises), and long before the MCU became a brand--and all this accomplished by a non-sequel centered on a CGI-based character who had already proven hard to set up as the lead of his own movie (such that the MCU has not repeated the feat since), in contrast with the kind of hit the first Captain Marvel was.* Moreover, there seems little expectation of Captain Marvel 2 being saved by a leggy run, Boxoffice Pro projecting a 65 percent drop from the first weekend to the second to give it a second weekend take of $16 million, leaving the movie with only a bit over $71 million after ten days in release.

By comparison The Flash had almost $88 million collected at the same point in its run.

Should the film's grosses, falling from a lower level to start (The Flash opened bigger), continue to decay at that rate for any length of time the movie could be expected to finish out with a run well below that of The Flash ($108 million), and indeed below the long-depreciated $100 million mark.** (Just consider the opening weekend multiplier for the June release--1.97. Applied to Captain Marvel 2 it leaves one with just $92 million, near the low end of the range I suggested right before opening weekend.)

Meanwhile it has been noted that the overseas markets seem unlikely to come to the rescue, with these accounting for 57 percent of the gross to date, and China especially weak--the movie opening to under $12 million there, versus the $89 million it managed in 2019 (which constitutes an 89 percent drop in opening weekend gross in real terms). And while I have not seen any estimates of the international gross in the film's second weekend, I have no expectation of their being any better than those projected for North America.

If this movie is going to turn things around the way Elemental did (a possibility I thought slight but still worth raising) it will either be very soon or not at all.

* I refer, of course, to the reception to 2003's Hulk.
** The Flash opened to $55 million in its first three days--17 percent higher than Captain Marvel 2's opening.

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