🔴‘Venom: The Last Dance’ Falls Short, But Look at ‘Conclave’ and ‘Anora’ Soar✔ P B P✔
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After the shock of “Joker: Folie à Deux” (Warner Bros.), now headed for a domestic total under $60 million (it’s 12 this weekend with $600,000 in its fourth weekend ahead of Tuesday’s PVOD release), the hope was “Venom” would recharge theaters.
The first two entries in the franchise opened to $80 million (2018) and $90 million (2021). Industry consensus, backed by tracking, expected some dropoff with an opening around $70 million.
The $51 million result (rival distributors peg it lower; the Sony estimate reflects a 28 percent Sunday drop) falls far short of past results and current expectations. If it opened to $60 million, it would be fair to lay the blame on the World Series games Friday and Saturday night. But a $20 million shortfall is more than you can just blame on sports.
Even so, Sony should be fine thanks to the film’s strong foreign results. With a $120 million budget pre-marketing and the chance to ultimately make $400 million in theatrical before it hits other platforms, “Venom” should be profitable.
But that’s cold comfort for domestic theaters in a year that will fall at least 10 percent behind last year’s mediocre totals. They need better results as well as more positive signals, particularly when it involves Marvel.