Long Range Box Office Forecast: Dune‘s Early Tracking, No Time to Die and Halloween Kills Updates

Our preview of October’s packed slate continues this week with a preliminary forecast and analysis on Denis Villeneuve’s long anticipated adaptation of Dune, slated for a hybrid release on October 22.

That same weekend will also see the release of Disney and 20th Century Studios’ Ron’s Gone Wrong in a 45-day theatrical window, as well as Searchlight Pictures and filmmaker Wes Anderson’s The French Dispatch in what is expected to be limited release.

Current and updated forecasts for these and other upcoming films can be found in the table below.

Dune
Warner Bros. Pictures / Legendary

PROS:

• The original science fiction novel from author Frank Herbert, a Hugo Award winner in 1966, has long been a popular staple among genre fans. The story’s world-building and depth are often said to be inspired by the works of J.R.R. Tolkien (The Lord of the Rings) while playing an influential role in George R.R. Martin’s A Song of Ice and Fire series (Game of Thrones).

• A reimagining of this franchise has long been in demand by die-hard fans after multiple attempts to bring it to life with varying results, including a 1984 film from David Lynch and and several television miniseries. With more than 56 million trailer views on the studio’s official YouTube page, Villeneuve’s Dune has ignited fervent fan interest after the project took years to get off the ground.
  
  Early tracking markers are comparable to those of Godzilla vs. Kong, War for the Planet of the Apes, and Blade Runner 2049.

• A strong ensemble cast led by Timothée Chalamet, Oscar Isaac, Rebecca Ferguson, Josh Brolin, Jason Momoa, Zendaya, Javier Bardem, and more could spur interest among casual audiences unfamiliar with the source material or prior 1984 film.

• Denis Villeneuve’s creative involvement in this iteration has generated strong interest thanks to his widely acclaimed work on films such as Blade Runner 2049, Arrival, Prisoners, Sicario, and Incendies.

• With 74 reviews counted as of September 30, early critics’ reactions are very positive with a 91 percent Rotten Tomatoes score and seem to validate the studio’s intention of releasing the film close to awards season.

• The film’s early international opening (where it is exclusive to theaters) has gone well under the circumstances of the pandemic. Dune has earned nearly $78 million in a staggered overseas release (designed to get a head start on films like No Time to Die) through two weekends with Russia, France, and Germany leading the way. The former two markets each saw Dune post solid 37 percent declines in second weekend sales.
  
  In like-for-like markets, the film is pacing ahead of Tenet, Blade Runner 2049, and Godzilla vs. Kong.

• With a strong IMAX footprint planned for the domestic rollout, Dune is tracking to be another healthy performer in the premium large format space.

CONS:

• This is another experimental hybrid release from Warner Bros. in North America. The film will be available to HBO Max streaming subscribers for free on the same day as its theatrical release. This strategy has largely resulted in underwhelming box office results for a string of Warner Bros. films in recent months, although Godzilla vs. Kong — a similarly large-scale cinematic picture — posted respectable earnings at the time of its release this past spring.
  
  Still, it’s possible that many outside the fan base will opt to watch this film for free at home. In addition to tracking comparisons mentioned above, Dune is trending slightly above The Suicide Squad at this time.

• Lynch’s 1984 film is something of a cult classic, but it’s also renowned for its box office misfire. Costing a reported $40 million to produce at the time, that Dune earned just $31 million at the domestic box office and proved to be far more niche than hoped. Of note, the original Blade Runner earned $27.6 million two years earlier.

• This won’t be Villeneuve’s first venture reimagining a 1980s era sci-fi pic, having last helmed Blade Runner 2049. Back in September 2017, that film missed lofty box office expectations despite the return of Harrison Ford and addition of Ryan Gosling as it went on to earn $92.1 million in North America and over $259 million globally on a $150 million production budget.

• With the book and prior movie themselves being quite niche and having a focused appeal to men over the age of 35, it will be important for this film to expand the audience and include more of the uninitiated via word of mouth. Young male audiences have been crucial to the box office recovery thus far, but this film’s core audience could wind up heavily skewed on the other end of the spectrum.
  
  For reference, Blade Runner 2049 was lop-sided itself with opening weekend comprised of 71 percent males, 86 percent over the age of 25, and 63 percent over 35.

• Dune is opening in a very crowded October market that will see Venom: Let There Be Carnage (October 1), No Time to Die (October 8), and Halloween Kills (October 15) precede its domestic release — only to be followed by a major Marvel Studio films, Eternals, two weeks later on November 5. This is an unprecedented level of direct competition in a short window during the pandemic.

Long Range Box Office Forecast & 2021 Calendar
(as of 10/1/21)

Release Date	Title	3-Day (FSS) Opening Low/High Range	% Chg from Last Week	Domestic Total Low/High Range	% Chg from Last Week	Estimated Location Count	Distributor
10/8/2021	No Time to Die	$70,000,000 – $95,000,000	+11%	$175,000,000 – $275,000,000	+7%	4,000+	MGM / United Artists Releasing
10/15/2021	Halloween Kills	$40,000,000 – $55,000,000	+7%	$80,000,000 – $110,000,000	+6%	3,950	Universal Pictures
10/15/2021	The Last Duel	$5,000,000 – $12,000,000	-15%	$15,000,000 – $45,000,000	-15%	3,000	Disney / 20th Century Studios
10/22/2021	Dune	$35,000,000 – $45,000,000		$85,000,000 – $130,000,000			Warner Bros. Pictures
10/22/2021	The French Dispatch	not currently tracked		not currently tracked			Disney / Searchlight Pictures
10/22/2021	Ron’s Gone Wrong	$7,000,000 – $14,000,000		$40,000,000 – $68,000,000			Disney / 20th Century Studios
10/29/2021	Antlers						Disney / Searchlight Pictures
10/29/2021	Last Night in Soho						Focus Features
10/29/2021	My Hero Academia: World Heroes’ Mission						Funimation / Toho Co. Ltd.
11/5/2021	Eternals						Disney / Marvel Studios
11/5/2021	Spencer						NEON / Topic Studios
11/10/2021	Clifford the Big Red Dog						Paramount Pictures
11/12/2021	Belfast						Focus Features
11/19/2021	C’mon C’mon						A24
11/19/2021	King Richard						Warner Bros. Pictures
11/19/2021	Ghostbusters: Afterlife						Sony Pictures / Columbia
11/24/2021	Encanto						Walt Disney Pictures
11/24/2021	House of Gucci						MGM / United Artists Releasing
11/24/2021	National Champions						STXfilms
11/24/2021	Resident Evil: Welcome to Raccoon City						Sony Pictures / Columbia Pictures
12/3/2021	Red Rocket						A24
12/3/2021	Wolf						Focus Features
12/10/2021	Cyrano						United Artists Releasing
12/10/2021	Don’t Look Up						Netflix
12/10/2021	Violence of Action						STXfilms
12/10/2021	West Side Story (2020)						Disney / 20th Century Studios
12/17/2021	Nightmare Alley						Disney / Searchlight Pictures
12/17/2021	Spider-Man: No Way Home						Sony / Columbia / Marvel Studios
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	The Matrix Resurrections						Warner Bros. Pictures
12/22/2021	Sing 2						Universal Pictures
12/25/2021	American Underdog: The Kurt Warner Story						Lionsgate / Kingdom Story Company
12/31/2021	(no releases scheduled)

Pinpoint opening weekend and domestic total projections are available exclusively to Boxoffice PRO clients. For more information on forecasts, pricing, and availability, please contact us.

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

The post Long Range Box Office Forecast: <em>Dune</em>‘s Early Tracking, <em>No Time to Die</em> and <em>Halloween Kills</em> Updates appeared first on Boxoffice.

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