‘Spider-Man,’ ‘Insidious 6’ Give Sony Top Two Spots at Box Office

Sony Pictures continues to have an excellent August at the box office. As Marvel Studios’ “Spider-Man: Brand New Day” stays atop the box office, Sony is also taking the No. 2 spot this weekend with Screen Gems’ “Insidious: Out of the Further,” which earned a $10.6 million opening day from 3,303 locations and is on pace for a $23 million opening weekend. While well below the $33 million opening weekend earned by “Insidious: The Red Door” in July 2023, this marks the fifth time in six films that the “Insidious” series has opened above $20 million. It will be a modestly profitable film for Sony as “Out of the Further” carries a reported $18 million budget in a co-production between Screen Gems, Stage 6 and Blumhouse-Atomic Monster. Reception for “Insidious: Out of the Further” has been mixed-to-positive, earning Rotten Tomatoes scores of 60% critics and 70% audience alongside a C+ on CinemaScore that is the same as “The Red Door.” “Spider-Man: Brand New Day,” meanwhile, is set to earn $36.5 million in its fourth weekend, pushing its domestic total past $850 million and the $814.8 million domestic total of “Spider-Man: No Way Home.” Globally, the film will become the third in history to pass $2.5 billion before inflation adjustment this coming week. The bad news for the box office is that last weekend’s releases, Warner Bros./Bad Robot’s “The End of Oak Street” and Paramount/Spin Master’s “Paw Patrol: The Dino Movie” are both falling more than 60% in their second weekend to around $8 million in this frame. “The End of Oak Street,” which carries an $80 million budget, has a 10-day estimated domestic total of just $37 million and will need overseas grosses just to break even. It’s a rough end to a poor summer for Warner Bros., which has yet to release a film this year that has grossed more than $100 million in U.S./Canada or $250 million worldwide. The drop for “Paw Patrol: The Dino Movie” is less worrisome for Paramount, as any box office underperformance will be made up for in merch sales. But “The Dino Movie” has earned a second weekend below the $11.3 million of “Paw Patrol: The Mighty Movie” as it stands at an estimated $34 million domestic 10-day total compared to $38.4 million for its 2023 predecessor. More to come…