Ant-Man Quantumania in Box Office Free-Fall, Cocaine Bear Gets High – The Hollywood Reporter

Marvel Studios’ Ant-Man and the Wasp: Quantumania is facing stormy times at the weekend box office, where it could tumble 71.6 percent to $30 million-plus in its second outing.

If these projections are correct, the superhero picture is in danger of suffering the worst second-weekend decline ever for a Hollywood superhero picture opening $100 million or more at the domestic box office, and one of the worst for such a film.

No superhero movie that’s a member of this club has dropped 70 percent or more; DCs Batman vs. Superman: Dawn of Justice comes closest at 69.1 percent. Among the Marvel Cinematic Universe titles, last year’s Thor: Love and Thunder saw the largest drop, namely 67.7 percent. And any movie that starts with $100 million or more, the finale Harry Potter pic, released in 2011, tops the list of biggest second-weekend dropouts with a 72 percent drop, according to Comscore.

Ant Man 3 opened to $120 million over the four-day Presidents Day weekend, including a franchise-best $105.5 million for the three days (the three-day number will be used as the official comparison going forward). But bad word of mouth is clearly hurting the movie, along with competition from a new offering Cocaine Bear, which is taking away from younger adults (and especially men). A historic storm on the west coast isn’t helping either.

Universals Cocaine Bear – even beat them Ant Man 3 on Friday with $8.7 million versus $8.3 million — is on track to open at an estimated $8.7 million, beating expectations. Cocaine Beer’Friday’s $8.7 million gross included $2 million in Thursday night previews, so it should fall behind Ant Man 3 sometime on Saturday. It opened overseas in 50 markets, where it is expected to gross $5 million.

Directed by Elisabeth Banks, Cocaine Bear is a dark comedy about a drug smuggling operation that goes horribly wrong when a 500-pound bear swallows a duffel bag of cocaine and goes on a murderous rampage in a small Georgia town. Banks also produced the high-profile genre picture alongside Phil Lord, Christopher Miller, Max Handelman, Brian Duffield and Aditya Sood. The feature film earned a B-Cinema score, which, while low, is generally not a problem for films centered on horror.

In addition to Cocaine BearLionsgate and Kingdom Story Company Jesus Revolution opens better than expected. The faith-based movie is expected to come in a strong No. 3 with a whopping $14 million to $15 million.

The figures will be updated on Sunday morning.

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