'Disclosure Day' Uncovers $44 Million Box Office Opening

Key Points:

• Steven Spielberg’s “Disclosure Day” opened with $19 million on its first day, projecting a $44 million domestic and $93 million global opening weekend, marking his best summer debut since 2008’s “Indiana Jones and the Kingdom of the Crystal Skull.”
• Despite positive reviews (80% critics and 74% audience on Rotten Tomatoes, B CinemaScore), “Disclosure Day” faces challenges to profitability given its $115 million production budget plus marketing costs.
• Focus Features’ “Obsession” continues strong in its fifth weekend with $21 million, poised to become one of the few horror films to surpass $200 million domestically, joining “Sinners” as a rare original film to cross that milestone since 2017’s “Coco.”
• Recent releases “Scary Movie” and “Masters of the Universe” saw steep declines of 70% or more in their second weekends; while “Scary Movie” remains profitable with a $30 million budget, “Masters of the Universe” is likely a summer box office bomb with a $170 million+ budget and underwhelming earnings.
• Lionsgate/Universal’s “Michael” became the highest-grossing music biopic ever with over $920 million worldwide, surpassing “Bohemian Rhapsody,” while new releases “The Furious” and “Stop! That! Train!” opened to modest but promising numbers and strong critical acclaim.