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Box Office Bonanza: ’Moana 2’ claims Thanksgiving records with $28 Million on its first day

Disney again and again gives their fans every movie they crave for and Moana 2 did wash over the platforms as it earned $28 million on Thanksgiving Day. This performance not only guarantees the animated film high records, but also revives the movie industry which has had a difficult few years.

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A Historic Holiday Run

Eva celebrates Thanksgiving holiday, and it will easily gross more than $175 million within the Thanksgiving five days period to erase pre-existing records. These include Frozen II’s $125 million in 2019 and The Hunger Games: Catching Fire with $109 million in 2013. Observers in the industry are optimistic that it could gross over $200 million domestically by the weekend. It has grossed $85.5 million in domestic territories and has become the highest-grossing Thanksgiving release ahead of the $15 million opening-day record held by Frozen II.

A Boost for the Box Office

This is not to mean that the success of Moana 2 is happening just anywhere in isolation. Audiences are also coming to see Universal’s Wicked and Paramount’s Gladiator II, two other hits which opened just one week prior.

Wicked: The Broadway adaptation earned $16.9 million on its Thanksgiving, the five days estimate $105.6 million. It also cost a significant amount of money to produce costing $300 million making it the first part of a two part film.

Gladiator II: The follow up to the much acclaimed 2000 epic sci-fipic cashed $6.7m on Thanksgiving and should gross $45m during the Thanksgiving season. This is another massive risk for Paramount as this film was made for $250 million out of their $500 million budget.

Gladiator II is expected to earn $112.2m in the domestic market by Sunday; Wicked could gross as much as $250.6m in North America.

Star Suite – Von Streamingstar zum Kinoallstars

Moana 2 was once planned for Disney+ but then it switched to the feature Moana format. The first Moana released in 2016 grossed $687.2 million all over the world, but the film really found its success in streaming, becoming one of the most popular movies in Disney+. This streaming success convinced Disney that a sequel could emerge in theaters—and the success has paid off.

On Revitalising the Experience of Theatre

The victories of these play hits couldn’t have arrived at the theaters at a perfect moment. There is nothing worse than when the COVID-19 pandemic and industry-wide strikes in recent years have not allowed you to regain the occupancy.” Indications of a much-awaited recovery have been observed with the start of business during Thanksgiving.

Future Problems and Opportunities of the Successful Holiday Season
While people were getting their turkey fix with a string of blockbuster movies in Thanksgiving, the holiday season itself is not very rich in this regard. Big names like Paramount’s Sonic the Hedgehog 3 and Disney’s Mufasa: The Lion King will arrive in December, but there isn’t an Avatar-like follow-up or a big Marvel movie.

The Verdict: A New Chapter for Theaters

The astounding sales figured in Moana 2 are therefore indicative of what most industry insiders and analysts have long been waiting for – a new dawn for the film business as the audience comes back in droves to get their fix of quality movies. But as Thanksgiving starts it off, it is yet to be seen if the playing field can be sustained throughout the leaner winter season.

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