Disney’s ‘Avatar: Fire and Ash’ disappoints with weak $88 million domestic opening

Disney’s ‘Avatar: Fire and Ash’ disappoints with weak  million domestic opening


Still from Disney’s “Avatar: Fire and Ash.”

Disney

The opening weekend for Disney’s “Avatar: Fire and Ash” was less of a blaze and more of a simmer.

And that’s the expectation for the full theatrical run of the third installment in James Cameron’s Avatar franchise.

During its first three days in theaters, “Fire and Ash” tallied $88 million, falling well shy of analysts’ expectations, which called for a debut haul between $110 million and $125 million. For comparison, 2022’s “Avatar: The Way of Water” brought in $134 million during the same three-day period.

Internationally, the film collected $257 million, bringing the film’s global opening to an estimated $345 million.

“Fire and Ash” faced some theatrical headwinds, namely its over-three-hour runtime. There was also less pent-up demand compared to “The Way of Water,” which was released more than a decade after the first Avatar film. Some box office analysts and critics noted that “Fire and Ash” has less technological innovation than its predecessors, which had been a driving factor in past ticket sales.

Around 5.2 million domestic moviegoers went to see “Fire and Ash,” according to data from EntTelligence, a massive decline from the 8.7 million that ventured out in 2022 to see the opening weekend of “The Way of Water.”

Still, the Avatar franchise has never been front-loaded at the box office. The first film, 2009’s “Avatar,” generated just $77 million in its opening weekend domestically, but stayed in theaters for nearly a year. By the time it exited theaters, the film had generated $2.7 billion globally. With re-releases, the film now stands at $2.9 billion, according to data from Comscore.

“The Way of Water” ran in theaters for 23 weeks and has grossed $2.3 billion globally.

“With less than two weeks remaining in the box office year, the pressure on ‘Avatar: Fire And Ash’ to deliver big was intense and though the film may have come in a bit below pre-release opening weekend projections, the Avatar films have always been known for their marathon box office trajectories,” said Paul Dergarabedian, head of marketplace trends at Comscore.

Also aiding the franchise at the box office are premium large-format ticket sales. The Avatar films have over-indexed with the more expensive experiential screens like IMAX and Dolby as well as 3D showings. Disney reported that 3D and premium theaters accounted for 66% of the weekend total.

While 3D films have fallen out of favor with domestic audiences, they remain popular internationally —especially in China. Indeed, “Avatar” made the bulk of its money outside the U.S., with a whopping $2.08 billion coming from overseas.



Source

OpenAI shutters short-form video app Sora as company reels in costs
World

OpenAI shutters short-form video app Sora as company reels in costs

Six months after launching the Sora app and seeing it quickly go viral, OpenAI is shuttering the service, the company said on Tuesday. “We’re saying goodbye to Sora. To everyone who created with Sora, shared it, and built community around it: thank you,” OpenAI wrote in a post on X. “What you made with Sora […]

Read More
World has ‘never experienced’ soaring refining margins like this, TotalEnergies CEO tells CNBC
World

World has ‘never experienced’ soaring refining margins like this, TotalEnergies CEO tells CNBC

Roughly 15% of TotalEnergies’ production is offline, as the war with Iran nears the one-month mark, but surging oil prices have more than made up for the lost barrels, chairman and CEO Patrick Pouyanné told CNBC in an exclusive interview. With Brent crude trading solidly above $100 a barrel, much of the attention has focused […]

Read More
Baltimore is first U.S. city to sue over Grok deepfake porn as legal pressure mounts on Musk’s xAI
World

Baltimore is first U.S. city to sue over Grok deepfake porn as legal pressure mounts on Musk’s xAI

The logo of the artificial intelligence company xAI appears on the screen of a smartphone placed on a surface reflecting an abstract blue illustration. Samuel Boivin | Nurphoto | Getty Images Lawsuits against Elon Musk’s xAI are piling up, with Baltimore becoming the first major U.S. city to file a complaint against the company concerning […]

Read More