![]() ![]() This weekend, the comic book adventure, starring Robert Pattinson, has blown past $750 million worldwide. One film that hasn’t had trouble smashing that benchmark is “The Batman,” which has been a bright spot for Warner Bros. Since the pandemic began in 2020, only five Hollywood movies have generated at least $500 million at the global box office. Those limitations have been difficult for all blockbusters. But the persistence of COVID-19 has cut into the box office in China, where 50% of movie theaters are closed, while Russia’s invasion of Ukraine has meant that country is not granted access to Hollywood’s films. Since the film touched down in several foreign markets last weekend, “The Secrets of Dumbledore” has grossed $193 million globally to date. “Fantastic Beasts 3,” too, has been a bigger draw to overseas audiences. The first two “Fantastic Beasts” installments - which ended with $814 million globally and $650 million globally, respectively - made nearly 75% of revenues from foreign sales. Like the franchise’s earlier entries, “The Secrets of Dumbledore” will be reliant on the international box office to make money in its theatrical run. shelled out $200 million to produce “The Secrets of Dumbledore,” and the studio spent tens of millions more to promote the film to audiences across the globe. The diminishing enthusiasm for “Fantastic Beasts” is problematic because witchcraft and wizardry does not come cheap. ![]()
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