Box Office: “Fantastic Beasts 3” Sets a $40 Million Record

A group of brave wizards will battle a tiny blue speed demon for the top spot in domestic box office.

The odds-on favorite “Fantastic Beasts: The Secrets of Dumbledore,”The third entry is the “Harry Potter”Spinoff series, expected to reach at least $40,000,000 from 4200 North American theatres. Those ticket sales should be enough to surpass the competition — unless last weekend’s champion “Sonic the Hedgehog 2”Another strong attendance at the movies. Paramount’s kid friendly sequel opened last weekend to huge $72 million and could add $30 million to $40 million in its second outing.

Sony Pictures has an early start with the acquisition of “Father Stu,”On Wednesday, Mel Gibson and Mark Wahlberg star in an R-rated drama about faith that will be released to cinemas. In its first five days, the movie is expected to gross $7 million in 2,705 cinemas.

“Harry Potter” veteran David Yates directed “The Secrets of Dumbledore,”This fantastical adventure puts Albus Dumbledore, a beloved Hogwarts professor (played by Jude Law) in the spotlight. He teams up with Newt Scamander (Eddie Redmayne), a noted magizoologist, and his friends to stop Gellert Grindelwald, a dark wizard (Madds Mikkelson replacing Johnny Depp), from igniting a world war of wizards.

Mixed reviews have been given to the third chapter of the prequel series. It predates the adventures with Harry, Ron, and Hermione. Variety’s Peter Debruge called the film a “vastly improved sequel,”While The Daily Beast’s Nick Schager “this perfunctory bit of IP exploitation is a reminder that all good things come to an end.”The prequel saga will be a series of five films, but Warner Bros. executives are eager to see how they go. “The Secrets of Dumbledore”Before giving the greenlight to films four and five, it must be received.

J.K. Rowling co-wrote with Steve Kloves “Fantastic Beasts 3,”This was produced at a cost of $200 million. It’s on track to land the lowest start for “Harry Potter”-adjacent movies. 2016’s “Fantastic Beasts and Where to Find Them”North America: $74 Million, 2018 follow-up “The Crimes of Grindelwald”A slightly less-magical $62million was accepted. The case of “The Secrets of Dumbledore,”COVID could be a threat to box office profitability. Five Hollywood movies have made at least $500m at the global box office since the pandemic.

As its predecessors, “The Secrets of Dumbledore”To make it a success in the theatres, it will rely on the international ticket office. 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. Before arriving in the U.S. or Canada, “Fantastic Beasts 3”The film was released internationally, where it has already earned $58 million in 22 markets. “The Secrets of Dumbledore”Arrives in 44 other markets, including Brazil, France and Italy this weekend.

For those muggles that want to go to the movies “Father Stu” — a rare religious film to land distribution by a major Hollywood studio — is arriving timed to Easter. Wahlberg, who was also the producer, personally funded it. “Father Stu”When COVID-19 added on additional costs. Rosalind Ross, Gibson’s partner, wrote and directed the faith-based film, which tells the story of boxer-turned-priest Father Stuart Long and his inspiring journey from self-destruction to redemption.

In Variety’sReview: Owen Gleiberman, chief film critic, called the movie “sometimes awkward”However, Wahlberg was praised and praised. “gives a fine performance, especially when he goes to a place you weren’t expecting.”

“Father Stu” is Gibson’s first major studio movie since 2017’s “Daddy’s Home 2”Paramount Pictures. An Oscar winner for “Braveheart”Academy Award nominee “Hacksaw Ridge,” Gibson has largely been working on smaller indies and straight-to-streaming action films with Lionsgate and Saban Films in the decade since making headlines for anti-semitic and racist tirades.

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