$2.3 billion “Avatar: The Way of Water” raked in last Christmas — movie theaters are back to being an armory of high-profile bombs.
This weekend, wobbly Warner Bros.’ “The Flash” dropped a staggering 73% in its second week to a worldwide total of just $210 million.
A more-than-50% decline for an expensive DC Comics superhero film spells trouble.Consider that fellow Justice League member “Aquaman” made $229 million by his second weekend in the US and Canada alone.Pixar’s uninspired “Elemental,” released June 16 and so far having grossed $121 million, will wind up as one of the Disney-owned animation studio’s biggest failures ever.
In contrast, five years ago this month, “The Incredibles 2” grossed $1.2 billion.Disney’s live-action “The Little Mermaid” has made a $500 million trickle, which is less than half of 2017’s remake of “The Lion King.” And “Indiana Jones and the Dial of Destiny,” starring 80-year-old Harrison Ford, is projected to open this weekend to just $60 million domestically — $40 million less than 2008’s “Kingdom of the Crystal Skull.” The movie industry is trapped in an existential “Temple of Doom.” Disney execs staring at these numbers probably look like the guy in “Raiders of the Lost Ark” when his face melts off.The only bright spot so far this summer has been Sony’s animated “Spider-Man: Across the Spider-Verse” with $560 million worldwide.Only one man can save struggling movie theater chains.
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