Long Range Box Office Forecast: F9, In the Heights, Peter Rabbit 2, The Conjuring 3, and The Hitman’s Wife’s Bodyguard

Photo Credits: Universal Pictures ("F9"); Warner Bros. / Alice Brooks ("In the Heights"); Sony Pictures / Peter Menzies Jr. ("Peter Rabbit 2: The Runaway"); Warner Bros. Pictures ("The Conjuring: The Devil Made Me Do It"); Lionsgate / Terry Stacey ("The Hitman's Wife's Bodyguard")

Summer movie season is nigh.

Yes, it would have traditionally (in the modern sense) already started by this point on the mid-May calendar, but traditions aren’t quite back in style yet. They’re getting closer, though, as completed vaccinations in the United States have reached 45 percent of adults and the CDC has announced new guidelines suggesting those who are fully inoculated are safe to return to pre-pandemic activities and, other than in an extreme circumstances, stop wearing masks both outdoors and indoors.

For an industry that has been crippled during the last 14 months and only just recently started to see signs of true rebirth, that’s essentially a blessing for more audiences to feel safe about returning to domestic movie theaters.

While the pandemic is not technically over, and many international markets remain behind the progressive curve of the U.S., the messaging being communicated by both health officials and previously-reticent movie studios is one of optimism. The Big Screen Is Back campaign is underway as film industry executives and star talent promote the long-awaited mainstream rebound of cinemagoing across the 50 states.

Among the highlights in recent weeks have been viral video campaigns from Marvel Studios, Matthew McConaughey, and Vin Diesel monologuing a special F9 trailer — all of which strive to welcome people back into exhibition’s auditoriums. It’s a safe bet more promotions like this will pop up throughout the remainder of 2021, and perhaps even into next year.

As we enter this new phase of the recovery period, uncertainty will still follow as it always does in the midst of transition. Not every moviegoer is coming back at the same time, and that may still hold true for the uber-cautious even among the vaccinated in the weeks and months ahead. However, springtime box office results of Godzilla vs. Kong, Mortal Kombat, and Demon Slayer have served as indicators of pent-up demand that is only increasing as the summer days approach.

Instead of a traditional “first weekend of May” start to the usually bustling movie season, summer — for this year, at least — will harken back to the late 20th century when big seasonal movies would typically first in late May. For very different reasons now, that’s when Paramount’s theatrically exclusive A Quiet Place Part II and Disney’s hybrid release Cruella will debut over the Memorial Day frame two weeks from now.

Previous analysis and tentative forecasts for those films remain generally in tact at this point, with only slight fluctuations in modeling to account for the staggered reopening of cinemas, varying seating capacities and easing of restrictions, conservative ramp-ups on studio marketing, and a building resurgence of general awareness and advance ticket sales. Currently, just under 65 percent of domestic theaters are open — a tally that should climb higher in the next few weeks as the holiday and June approach.

While still not quite back to normal, that means it’s time to start digging into (semi) long range outlooks for individual movies again. Once Memorial Day hits, virtually every weekend thereafter is slated to deliver at least one significant theatrical release from a major studio through August — a broad change in dynamic from where things stood last summer, and even as recently as this spring.

Here are the five films after the Quiet Place sequel and Cruella that will define June’s box office trajectory and further establish hopeful momentum for a strong second-half of 2021:

The Conjuring: The Devil Made Me Do It
June 4, 2021
Opening Weekend Range: $15 – 25 million

Warner Bros.’ core Conjuring franchise has amassed nearly $240 million in North America from the first two films, opening to $41.9 million in 2013 and $40.4 million in 2016. The Annabelle and The Nun spin-offs have gone on to generate considerable success on their own terms, but this prime corner of the series will see the full-time return of Vera Farmiga and Patrick Wilson as Lorraine and Ed Warren. The preceding films were also early-to-mid summer hits upon their release, and this third entry returns to that home corridor.

The catch(es) this time around: Not only will the film bow day-and-date as a hybrid SVOD release in theaters and on HBO Max like all of Warner’s other 2021 films, this third Conjuring pic also arrives just one week after A Quiet Place Part II. The crossover audience for horror fans is more than notable, especially since most franchises endure some kind of diminished returns after a grand total of seven films leading into this entry.

These kinds of numbers would traditionally not stand among the “most important” of a given summer, but in this case, they could be impactful enough to generate one of the highest box office starts since the beginning of the pandemic outside of Godzilla vs. Kong ($31.6 million three-day). Since the first trailer was released three weeks ago, it’s racked up over 16 million YouTube views on the official channel, and the broader social media footprint is equally encouraging.

Further upside: While catastrophe-related plots might not immediately seem appealing after a year-long pandemic shutdown, horror movies have been known to provide the kind of escapism craved in times of real world struggles.

As a date-night friendly option, this — and several other films mentioned down this report — are poised to pick up on the trend of strong group sales during the pandemic recovery period. Research firm Movio reports Godzilla vs. Kong drew 38 percent of its ticket sales from groups of two or more people, up from 28 percent on Godzilla: King of the Monsters and 24 percent for Kong: Skull Island.

In the Heights
June 11, 2021
Opening Weekend Range: $25 – 45 million

We’re bullish on this Lin-Manuel Miranda-penned musical for a variety of reasons. Pre-pandemic, the film had the makings of a major summer breakout last year with immense appeal to a diverse audience anchored by Hispanic families and communities.

Since then, it too has shifted to a hybrid release under the Warner Bros. banner. A day-and-date SVOD option could cut into box office returns on some level, but on the other hand, this is exactly the kind of crowd-pleasing — and potentially interactive — summer event that may play a major role in bringing audiences back to theaters.

On YouTube, the top three trailers have generated over 25 million views — mostly from clips released in the past month. Each marketing bump for the film has ignited a noticeable jump in social chatter and interactions, further underlining expectations this film could open well and stick around throughout the summer.

The Hitman’s Wife’s Bodyguard
June 16, 2021
Opening Weekend Range: $13 – 18 million (3-day)

The first film, released in August 2017, was a sleeper hit in its $21.4 million debut before cashing out with $75.5 million domestically — a respectable sum for a $30 million movie coming out in the dog days of summer.

Ryan Reynolds and Samuel L. Jackson return for the sequel — which was already enough to draw back fans of the original — but Salma Hayek and Morgan Freeman have joined the party this time around. Diminished returns were and are a possibility here given the history of similar sequels like RED 2, but all bets are off in this atypical summer corridor.

With a very popular cast, and arguably the most high-profile comedy-esque film to release since Bad Boys for Life in pre-pandemic 2020, The Hitman’s Wife’s Bodyguard looks like a solid mid-June counter-programmer for adults when it lands on the Wednesday before Father’s Day.

Peter Rabbit 2: The Runaway
June 18, 2021
Opening Weekend Range: $17 – 22 million

Not many films have seen their release date shift more times than this sequel, but Sony was one of the first this spring to feel confident about moving it up from a previous August 2021 target date to June.

The original film was a solid hit for the studio, earning $25 million in its February 2018 opening before totaling $115.3 million domestically. This sequel will provide the first truly lighthearted, family-oriented movie of the summer, and just in time for Father’s Day weekend.

Forecasts are currently on the moderate side, but a debut even closer to the original wouldn’t be shocking given the significant pent-up demand for a movie easily accessible to kids and parents during summer vacations. They have been two types of moviegoers driving pandemic-era releases like The Croods: A New Age, Tom & Jerry, and Raya and the Last Dragon, long before markets were as open and restriction-eased as they’ll probably be come mid-June.

June 25, 2021
Opening Weekend Range: $60 – 90 million

No movie in the first half of 2021 has as much potential to rally a broad swath of moviegoers from diverse backgrounds back to movie theaters than this one, the ninth installment of the prime Fast & Furious series and tenth overall following 2019’s Hobbs & Shaw.

The promo reel featuring Vin Diesel that I mentioned earlier in this report further cemented what was already becoming clear when Universal committed F9 to a staggered international rollout beginning May 21 before a theatrically exclusive release in North America on June 25: that F9 has lofty aspirations to cement its place in the history books as one of the big-budget, mainstream, summer franchise movies that proves the masses are coming back to theaters.

Will it achieve that? Time will tell, but the signs are pointing to “yes” — in fact, the film could theoretically end up more anticipated than it had been before the pandemic. Racking up more than 90 million views from two official YouTube trailers (which even excludes 9.7 million from the “Our Return to Theaters” promo), engagement across Twitter, Instagram, and other social spheres is heating up at a rapid pace.

Intriguingly, F9 was once viewed as the next follow-up to a franchise that saw diminishing returns for the first time in a decade when 2017’s The Fate of the Furious hit $226 million domestically. Granted, that’s still the third best tally of the franchise behind Furious 7 ($353 million) and Fast & Furious 6 ($238.7 million), and the brand remains incredibly strong in key international markets. There, F&F movies average about three-quarters of their global box office take.

Nevertheless, Fate divided fans on the home front and left reception more mixed than the series had become used to since 2009’s revival sequel changed the brand’s course forever. Now, though, after several delays incurred by both natural production scheduling and the past year’s theatrical closures, F9 is one of the literal poster movies of the pandemic — increasing its already significant profile just by way of grabbing headlines every time Universal has had to delay it throughout the past year and a half.

The studio is promoting the release further with “Fast Fridays”, screening for free all previous eight movies in select theaters every Friday until June 25. Tickets for those have been scooped up by fans quickly, and in a timely turn of fate as the original 2001 film celebrate its 20th anniversary this June 22.

Director Justin Lin is back in the driver’s seat after his success with the third-through-sixth installments, while the core audience and themes of family should further resonate among fans. That could even apply to casual audiences who may not have otherwise been as excited for another sequel to this franchise but have now been without popcorn-friendly, adrenaline-fueled big screen action for quite some time.

And if there’s a big blockbuster franchise poised to attract audiences from all backgrounds, it’s this one: While 58 percent of Fate‘s audience was male, an even 50% split occurred over and under the age of 25, while 26 percent where of Hispanic background, 19 percent Black, and 11 percent Asian. Similar demographic splits are widely expected for this ninth chapter.

It could be very easy to overstate the potential of F9 this summer, especially with shorter theatrical windows in mind and the aforementioned uncertainty about how much more of the regular moviegoing populous will return in the next six weeks. This is an historically front-loaded franchise, though, so 30 to 45 days of exclusivity before streaming may not have much impact on the box office bottom line in the end.

Time will tell in this new world, but for the reasons outlined here, it could also be very easy to *understate* the potential of F9 this summer.

6-Week Long Range Forecast & 2021 Calendar

Release Date Title 3-Day (FSS) Opening Forecast Range % Chg from Last Week Domestic Total Forecast Range % Chg from Last Week Estimated Location Count Distributor
5/21/2021 Final Account           Focus Features
5/28/2021 Cruella $15,000,000 – $30,000,000 (4-day)   $45,000,000 – $105,000,000   3,000 Walt Disney Pictures
5/28/2021 A Quiet Place Part II $30,000,000 – $50,000,000 (4-day)   $85,000,000 – $140,000,000   3,300 Paramount Pictures
6/4/2021 The Conjuring: The Devil Made Me Do It $15,000,000 – $25,000,000 NEW $37,500,000 – $65,000,000 NEW   Warner Bros. / New Line
6/4/2021 Samaritan n/a   n/a     United Artists Releasing
6/4/2021 Spirit Untamed $2,000,000 – $7,000,000 NEW $15,000,000 – $35,000,000 NEW   Universal Pictures
6/11/2021 In the Heights $25,000,000 – $45,000,000 NEW $70,000,000 – $140,000,000 NEW   Warner Bros. Pictures
6/11/2021 Queen Bees           Gravitas Ventures
6/16/2021 The Hitman’s Bodyguard’s Wife $13,000,000 – $18,000,000 NEW $40,000,000 – $60,000,000 NEW   Lionsgate
6/18/2021 Peter Rabbit 2: The Runaway $17,000,000 – $22,000,000 NEW $50,000,000 – $75,000,000 NEW   Sony Pictures / Columbia
6/18/2021 The Sparks Brothers           Focus Features
6/25/2021 Blue Bayou           Focus Features
6/25/2021 F9 $60,000,000 – $90,000,000 NEW $140,000,000 – $210,000,000 NEW   Universal Pictures
6/30/2021 Zola           A24
7/2/2021 The Forever Purge           Universal Pictures
7/9/2021 Black Widow           Disney / Marvel Studios
7/16/2021 Escape Room 2           Sony Pictures / Columbia
7/16/2021 The Night House           Disney / Searchlight Pictures
7/16/2021 Roadrunner: A Film About Anthony Bourdain           Focus Features
7/16/2021 Space Jam: A New Legacy           Warner Bros. Pictures
7/23/2021 Hotel Transylvania: Transformania           Sony Pictures / Columbia
7/23/2021 Old           Universal Pictures
7/23/2021 Snake Eyes           Paramount Pictures
7/30/2021 The Green Knight           A24
7/30/2021 Jungle Cruise           Walt Disney Pictures
7/30/2021 Stillwater           Focus Features
8/6/2021 The Suicide Squad           Warner Bros. Pictures
8/13/2021 Don’t Breathe Sequel           Sony Pictures / Columbia
8/13/2021 Free Guy           Disney / 20th Century Studios
8/13/2021 Respect           MGM / United Artists Releasing
8/13/2021 Untitled Russo Brothers Family Film           United Artists Releasing
8/13/2021 Untitled Blumhouse Project II (2021)           Universal Pictures
8/20/2021 Paw Patrol           Paramount Pictures
8/20/2021 The Protégé           Lionsgate
8/20/2021 Reminiscence           Warner Bros. Pictures
8/27/2021 The Beatles: Get Back           Walt Disney Pictures
8/27/2021 Candyman           Universal Pictures
9/3/2021 Shang-Chi and the Legend of the Ten Rings           Disney / Marvel Studios
9/10/2021 The Card Counter           Focus Features
9/10/2021 Malignant           Warner Bros. Pictures
9/17/2021 The Boss Baby: Family Business           Universal Pictures
9/24/2021 Dear Evan Hansen           Universal Pictures
9/24/2021 The Eyes of Tammy Faye           Disney / Searchlight Pictures
9/24/2021 The Many Saints of Newark           Warner Bros. Pictures
9/24/2021 Venom: Let There Be Carnage           Sony Pictures / Columbia
10/1/2021 The Addams Family 2           United Artists Releasing
10/1/2021 Dune           Warner Bros. Pictures
10/8/2021 No Time to Die           MGM
10/15/2021 Halloween Kills           Universal Pictures
10/15/2021 The Last Duel           Disney / 20th Century Studios
10/22/2021 Cry Macho           Warner Bros. Pictures
10/22/2021 Jackass           Paramount Pictures
10/22/2021 Last Night in Soho           Focus Features
10/22/2021 Ron’s Gone Wrong           Disney / 20th Century Studios
10/29/2021 Antlers           Disney / Searchlight Pictures
11/5/2021 Clifford the Big Red Dog           Paramount Pictures
11/5/2021 Eternals           Disney / Marvel Studios
11/11/2021 Ghostbusters: Afterlife           Sony Pictures / Columbia
11/12/2021 Belfast           Focus Features
11/19/2021 King Richard           Warner Bros. Pictures
11/19/2021 Top Gun Maverick           Paramount Pictures
11/24/2021 Encanto           Walt Disney Pictures
11/24/2021 Resident Evil: Welcome to Raccoon City           Sony Pictures / Columbia Pictures
12/3/2021 Nightmare Alley (Limited)           Disney / Searchlight Pictures
12/10/2021 American Underdog: The Kurt Warner Story           Lionsgate
12/10/2021 Cyrano           United Artists Releasing
12/10/2021 West Side Story (2020)           Disney / 20th Century Studios
12/17/2021 Spider-Man: No Way Home           Sony / Columbia / Marvel Studios
12/22/2021 Downton Abbey 2           Focus Features
12/22/2021 A Journal for Jordan (Wide Expansion)           Sony Pictures / Columbia Pictures
12/22/2021 The King’s Man           Disney / 20th Century Studios
12/22/2021 Untitled Matrix Sequel           Warner Bros. Pictures
12/22/2021 Sing 2           Universal Pictures
12/31/2021 (no releases scheduled)            

For more information on detailed and pinpoint forecasts, contact us for pricing and availability.

As always, the news cycle is constantly evolving as the pandemic dictates. Projections are subject to change amid breaking announcements.

For press and media inquiries, please contact Shawn Robbins

Follow Boxoffice PRO on Twitter

Photo Credits: Universal Pictures ("F9"); Warner Bros. / Alice Brooks ("In the Heights"); Sony Pictures / Peter Menzies Jr. ("Peter Rabbit 2: The Runaway"); Warner Bros. Pictures ("The Conjuring: The Devil Made Me Do It"); Lionsgate / Terry Stacey ("The Hitman's Wife's Bodyguard")
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1553617519041-1'); });