As the holiday season approaches, the anticipation surrounding the Thanksgiving box office surge has reached new heights in 2023. This year’s lineup is notable for its diverse offerings, including Disney’s highly anticipated release “Moana 2”, Universal’s theatrical adaptation of “Wicked”, and Paramount’s “Gladiator II”. Analysts forecast significant returns, positioning this Thanksgiving as a potential turning point for an industry that has gradually rebounded from the impacts of the COVID-19 pandemic.
Industry experts predict that the Thanksgiving weekend will be monumental, potentially raking in between $120 million and $150 million for “Moana 2” alone. When combined with the performances of “Wicked” and “Gladiator II”, the entire weekend could see ticket sales exceed the $200 million mark – a threshold that hasn’t been surpassed since 2019. This projection is particularly optimistic, as movies have struggled to draw audiences in the years following the pandemic, often failing to achieve the kind of box office success that was once routine.
The promising forecast is a result of what some are dubbing a “perfect storm” of cinematic releases. Shawn Robbins, a key figure in box office analytics, notes that this year’s lineup features a rare combination of crowd-pleasing titles that could captivate a wide range of audiences. The phenomenon of simultaneous major releases during the Thanksgiving holiday is not common, especially in recent years, but the convergence of these films could yield record-breaking figures.
The Historical Context
To appreciate the significance of this Thanksgiving’s anticipated box office haul, it’s crucial to look back at past performances. The Thanksgiving weekend historically serves as one of the most lucrative periods for theaters, with 2018 holding the record for the highest-grossing holiday with $315 million, buoyed by hits like “Ralph Breaks the Internet” and “Creed II”. Comparatively, the combined box office revenue for this weekend in 2013 was also substantial, amounting to $294.2 million.
In evaluating the current landscape, Paul Dergarabedian from Comscore emphasizes that the success of the box office during this period sets the tone for the final weeks of the year. The outcomes over this holiday could greatly influence the industry’s overall yearly performance and its outlook going into 2024. The stakes are high, and there’s a palpable excitement among both studios and audiences alike.
Disney has long dominated the Thanksgiving box office with animated features, but in recent years, its success has waned. Historically, films like “Moana,” “Coco,” and “Frozen II” have set the bar high, but the company has faced challenges in recapturing that magic. With its last two releases, “Strange World” and “Wish”, underperforming significantly, there’s a considerable amount of pressure on “Moana 2” to rejuvenate Disney’s reputation in the animation sector.
The original “Moana” was not just a box office success, but it also became a cultural touchstone, paving the way for its sequel to potentially draw in audiences seeking nostalgia and new adventures alike. Given the strong performance of Disney and Pixar’s “Inside Out 2” over the summer, which not only opened with $154.2 million domestically but also crossed the $1 billion milestone globally, expectations for “Moana 2” are understandably elevated.
A Forecast of Challenges and Opportunities
While the enthusiasm for the Thanksgiving box office is palpable, it’s important to recognize the challenges that remain. The cinematic landscape has changed dramatically in recent years, with streaming services offering fierce competition. Further, audience habits have evolved, and the pandemic has left a lasting impact, altering how many people engage with movies.
Nonetheless, this Thanksgiving may represent a critical juncture for theaters, offering a blend of nostalgic favorites and thrilling new narratives that can attract audiences back to cinemas. As we look forward to what the weekend holds, it is clear that the film industry is ready for a significant revival, buoyed by the releases that could reignite theater attendance and restore faith in cinematic experiences.
As we count down to this pivotal holiday weekend, all eyes will be on the box office, eager to see if the projections hold true and whether this Thanksgiving will indeed mark a triumphant return to form for the film industry.