Box Office July 14-July 16, 2023
The theatrical movie box office results for July 14, 2023 through July 16, 2023 have been released.
The Box Office
Mission: Impossible Dead Reckoning – Part One premiered in the Number One spot at the United States box office over the weekend with $54.6 Million so far.
Sound of Freedom was Second at the United States box office over the weekend with $27.2 Million (a 39% increase from last weekend – that almost never happens) for $85.7 Million so far.
Insidious: The Red Door was Third at the United States box office over the weekend with $13 Million (a 61% drop from last weekend) for $58 Million so far.
Indiana Jones and the Dial of Destiny was Fourth at the United States box office over the weekend with $12.2 Million (a 55% drop from last weekend) for $145.6 Million so far. Worldwide, the film has made over $312 Million.
Elemental was Fifth at the United States box office over the weekend with $9.6 Million (a 9% drop from last weekend) for $125.6 Million so far. Worldwide, the film has made over $251.8 Million.
These films: Spider-Man: Across the Spider-Verse, Transformers: Rise of the Beasts, No Hard Feelings, Joy Ride, and The Little Mermaid rounded out the top ten respectively.
Movies That Opened This Weekend
The films in the Top Ten that opened this weekend at the box office:
Mission: Impossible – Dead Reckoning Part One is a 2023 American spy action film directed by Christopher McQuarrie from a screenplay he co-wrote with Erik Jendresen. It is the sequel to Mission: Impossible – Fallout (2018) and the seventh installment in the Mission: Impossible film series. Dead Reckoning Part One sees Tom Cruise return as Ethan Hunt, whose IMF team matches wits with a powerful rogue AI known as “the Entity”. The ensemble cast also features Hayley Atwell, Ving Rhames, Simon Pegg, Rebecca Ferguson, Vanessa Kirby, Esai Morales, Pom Klementieff, Mariela Garriga, and Henry Czerny.
Next Week’s Films
Next week sees the release of Barbie, Oppenheimer, Fear the Night, and a plethora of other films. Find my predictions on this releases in the weekly The Bottom Line column. A preview: Barbie will be Number One at the box office.
The History of Box Office (and Profit Measurement)
“A box office or ticket office is a place where tickets are sold to the public for admission to an event. Patrons may perform the transaction at a countertop, through a hole in a wall or window, or at a wicket.
By extension, the term is frequently used, especially in the context of the film industry, as a metonym for the amount of business a particular production, such as a film or theatre show, receives. The term is also used to refer to a ticket office at an arena or a stadium.
Box office business can be measured in the terms of the number of tickets sold or the amount of money raised by ticket sales (revenue). The projection and analysis of these earnings is greatly important for the creative industries and often a source of interest for fans. This is predominant in the Hollywood movie industry.
To determine if a movie made a profit, it is not correct to directly compare the box office gross with the production budget, because the movie theater keeps nearly half of the gross on average. The split varies from movie to movie, and the percentage for the distributor is generally higher in early weeks.
Usually the distributor gets a percentage of the revenue after first deducting a “house allowance” or “house nut”. It is also common that the distributor gets either a percentage of the gross revenue, or a higher percentage of the revenue after deducting the nut, whichever is larger. The distributor’s share of the box office gross is often referred to as the “distributor rentals”, especially for box office reporting of older films.”
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