Pixar’s ‘Onward’ Takes The Top Spot At The Box Office For The Second Week; However, It’s Not All That Magical For The Studio
The impact of the the coronavirus was definitely felt this weekend at the box office. However, Pixar’s latest film Onward was able to maintain the top spot against new releases Bloodshot and The Hunt.
Onward grossed an additional $10.5 million in its second weekend, though the film has a staggering 73% drop from week one to week two. The largest decline in Pixar history, the previous biggest decline from week one to week two from the studio was 2015’s The Good Dinosaur, which had a 59% drop.
Industry insider say the holdovers for Onward dropped 25% more then they should have, and that the cinema market dropped off significantly from Friday to Saturday.
Overseas, Onward didn’t do much better. Theater closures remain in China, Italy, and other countries across Europe and Asia. The animated film grossed $6.8 million. Onward sits at a worldwide total of $101 million, a total Pixar was hoping for but in reality sadly had no control over.
As we’ve been reporting all week Disney has already moved upcoming releases such as disney’s live action adaptation of Mulan, 20th Century Studios X-Men film The New Mutants, and the horror film Antlers off their dates, with no new dates set for the films. Marvel Studios Black Widow and Disney’s Artemis Fowl remain on their May release dates with the studio keeping an eye on the situation.
The studio has halted films in various stages of production including Shang-Chi and the Legend of the Ten Rings, Godmothered, The Little Mermaid, Peter Pan and Wendy, Home Alone, Shrunk, and Nightmare Alley. Disney+ also paused production on The Falcon and the Winter Soldier, WandaVision, and Loki. Series that are in development such Ms. Marvel, She-Hulk, and Moon Knight will still continue with their pre-production remotely.
Source: The Hollywood Reporter