‘Black Adam’ tallies $67 million in domestic debut, first film opening since July to top $50 million

‘Black Adam’ tallies  million in domestic debut, first film opening since July to top  million


Dwayne Johnson is Black Adam in Warner Bros.’ newest DC film “Black Adam.”

Warner Bros.

“Black Adam” stormed into theaters this weekend, snaring $67 million domestically. It is the first film since Disney and Marvel Studio’s “Thor: Love and Thunder” in July to tally more than $50 million during its debut.

The Warner Bros.’ film also marks star Dwayne Johnson’s largest domestic opening as a leading man.

Premium formats, including IMAX, Dolby Cinema and large format cinema screens, accounted for around 33% of the film’s domestic ticket sales, the studio reported Sunday. These tickets are often more expensive than those sold for traditional screenings and indicated that audiences are looking to watch big movies on the biggest screen possible.

This is a good sign for the film industry, which saw attendance shrink during the pandemic and is currently dealing with a significant lack of new film releases. As of last Sunday, the 2022 box office had more than one-third fewer wide releases compared to 2019 levels. This has led to a more than 30% decrease in box office grosses, according to data from Comscore.

“Black Adam” is one of only four major releases coming to theaters before the end of the year. The others are all Disney films: “Black Panther: Wakanda Forever” (Nov. 11), “Strange World” (Nov. 23) and “Avatar: The Way of Water” (Dec. 16).

The hope from movie theater owners is that films like “Black Adam” can continue to drive traffic to theaters beyond its opening weekend.



Source

Infiniti hopes new SUV can turn around fortunes in the U.S.
Business

Infiniti hopes new SUV can turn around fortunes in the U.S.

The 2027 Infiniti QX65. Courtesy: Infiniti Japanese brand Infiniti on Thursday unveiled a new midsize luxury SUV, called the QX65, as it tries to mount a comeback in the U.S. The vehicle will have a 268-horsepower VC-Turbo engine with 286 foot-pounds of torque, as well as dual 12.3-inch displays. The QX65 “accelerates INFINITI into its […]

Read More
Iran war wipes out 0 billion from luxury stocks
Business

Iran war wipes out $100 billion from luxury stocks

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Major luxury stocks have fallen 15% or more since the Iran war started, and sales in the increasingly important Middle East market could […]

Read More
Target faces a new boycott over ICE response as retailer presses ahead with turnaround
Business

Target faces a new boycott over ICE response as retailer presses ahead with turnaround

A major teachers’ union is calling for its members to skip Target when buying back-to-school supplies, the latest twist in a series of boycotts that have targeted the big-box retailer as its turnaround shows signs of life, CNBC has learned. The AFT, or American Federation of Teachers, passed a resolution Thursday that calls on its 1.8 […]

Read More