Monday Mixer: 'Fate of the Furious' sets a new record
Posted Monday, April 17, 2017 at 10:50 AM Central
by John Couture
There's one aspect of the box office that we don't really talk much about, but is probably something that we should at least acknowledge. Given that our site's main focus is the home entertainment market in the United States, we have mostly focused on the domestic box office.
In the past, the domestic box office was king, but in the last decade or so, its crown has gotten more and more tarnished. Now, the international box office is just as important (if not more so) than the domestic box office. In fact, regularly, the China box office, much like this weekend, surpasses the U.S. box office.
What this means for us is that studios are now becoming even more cognizant of this fact and are tailoring their releases to maximize their foreign revenues. That's why, in part, why we still get a deluge of big action sequels despite their diminishing returns at the U.S. box office.
Box Office 411
The Fate of the Furious officially became the second film to top the $100 million opening mark this year - barely. On the one hand, this is a great showing, but on the other, it does represent almost a $50 million drop from Furious 7's opening. What is interesting, though, is the impressive international numbers that the film enjoyed.
It opened with $432 million in overseas markets and together with its domestic take, set a record with its $532 million worldwide opening. Its opening was about $3 million more than the worldwide opening for The Force Awakens in 2015.
More significantly, though, is that this weekend's worldwide opening for The Fate of the Furious is about $135 million more than the worldwide opening for Furious 7. Now, you can see why studios have become increasingly more astute when it comes to listening to the international markets. It's aslo no surprise that their Fast and Furious franchise led by two international action superstars such as Dwayne Johnson and Vin Diesel is able to put up such impressive worldwide numbers.
What will be interesting is to see how the film performs over the next few weeks. In 2015, Easter was earlier and the business for Furious 7 dried up pretty quickly. Given the later Easter this year, the increased competition in the weeks ahead does not bode well for the film's long-term prospects. At this point, I would be shocked if it's able to break the $300 million barrier.
Still, the international markets should remain strong and buoy The Fate of the Furious well past $1.5 billion overall. With surging international dollars for this franchise, you can bet that unless something unforeseen happens, there will be many more Fast and Furious films after the already announced two more films.
- If you haven't checked out the first trailer for The Last Jedi, where have you been for the last few days? That's OK, we have it along with some speculation as to what it means for the franchise.
With this past weekend's Star Wars Celebration in Orlando, we got a bunch of new information on the franchise. While I plan to hold most of it for the next Star Wars day recap in May, this trailer for Battlefront II is just too impressive not to share. Man, I can't wait for my kids to get into video games.