‘Mission: Impossible’ Box Office: Can ‘Dead Reckoning’ Rebound From Barbenheimer?

Tom Cruise, the star who is credited with saving the box office after Top Gun: nonconformist has soared to $1.5 billion in global ticket sales, now it’s facing another kind of reckoning: surviving the Barbenheimer effect.

His Mission: Impossible – Dead Reckoning Part One plummeted a franchise-worst 64 percent to $19.5 million in its second weekend when it went against Barbie AND Oppenheimer, whose double arrivals turned into a cultural phenomenon and propelled the domestic box office to historic levels. Revenue for the weekend of July 21-23 was the fourth-highest all-time; it was also the first time ever that one film opened for $100 million or more and another for $50 million or more. Barbie scored $155 million, followed by $80.5 million for Oppenheimer. No one in Hollywood expected such a staggering turnout.

The seventh installment in the history of Paramount and Skydance Mission Impossible The series, which ended Sunday with a domestic total of $118.8 million, was hoping to make as much as $25 million in its second outing.

The question now is whether The showdown starts first he can settle down and enjoy an extended run like other installments in the series have, and just like Cruise’s Top Gun: nonconformist Done. The executives of Hollywood, and not just Paramount, do not govern Showdown just released, mostly because it has a better critics score on Rotten Tomatoes than Barbie AND Oppenheimeras well as excellent audience exit scores.

“I don’t think the story has been written yet,” says an executive at a rival studio.

Mission Impossible photos never showed mega-apertures, but expectations were high Showdown after Cruise’s Top Gun: nonconformist opened to $160.5 million over Memorial Day weekend in 2022, including $126.7 million for the three days. Showdown was looking to open to $90 million in its first five days starting July 12; instead, it took a franchise-best $78.5 million, not adjusted for inflation.

Titles in Mission franchises have always derived a larger percentage of their global box office from overseas. Showdown First part is no exception. It earned another $55 million from 72 markets in its second weekend for a foreign tally of $252.1 million and $370.9 million globally through Sunday. It is doing particularly well in Asia, where Barbie AND Oppenheimer they are not strong players. And in a number of markets, it’s up 15% or more from 2018 Mission: Impossible – Fallout. In Japan, it debuted to $7.9 million, 23% higher Fallwhich earned franchise-best $571.5 million overseas for a global total of $791.7 million, including $220.2 million in North America.

Mission ImpossibleAnd 7 had to deal with the loss of Imax screens for three weeks a Oppenheimeras well as losing the premium large format screens for both Oppenheimer OR Barbie. The surcharge for Imax and PLF is significant and can have a large impact on your bottom line. In early July, Imax screens were dedicated to Indiana Jones and the Dial of Destiny.

Cruise’s latest film, directed by Christopher McQuarrie, cost nearly $300 million to produce and has seen its release date delayed numerous times due to the COVID-19 pandemic. It was originally supposed to be released in the summer of 2021, then in the summer or fall of 2022. Its release date finally came in mid-July of this year, a date dictated by the filming schedule of The showdown part two and Cruise’s willingness to promote First part (the actor is known for his global marketing efforts).

Adds another observer: “Barbenheimer withdrew MI7it’s potential this weekend, con Oppenheimer alienating older males Showdown. Not only that, Sound of Freedom it is an unexpected force to be reckoned with and features competition from an unlikely source.

Estimates for Angel Studios’ faith-based political thriller at the US box office Sound of Freedom in beating Showdown for the weekend with $20.1 million for a cumulative $123.4 million (Sound of Freedom open July 4th).

Mission: Impossible – Dead Reckoning Part Two will be released in theaters on June 28, 2024. McQuarrie and Cruise shot much of the film, but production is now halted due to the SAG-AFTRA strike in another time of reckoning for the legendary action franchise.

Things looked different in late June, when Cruise, Hollywood’s most high-profile advocate for the theatrical experience, urged audiences to see Quadrant of Destiny. And, yes, two more films in surprisingly effective appeal. The actor wrote on Instagram: “I love a double feature, and it doesn’t get more explosive (or pinker) than one with Christopher Nolan Oppenheimer and Greta Gerwig Barbie.”