“Karate Kid: Legends” is making waves, with expectations of a $25 million opening weekend. This film reunites Jackie Chan, who starred in the 2010 remake, with Ralph Macchio, known for his iconic role in the 1984 original. The buzz around “Cobra Kai,” which has revived interest in the franchise, might push its earnings even higher—some insiders believe it could hit $30 million if fans show up.
Even the lower estimates are promising for a sequel that cost around $45 million to produce. However, it will likely fall short of overtaking Disney’s “Lilo & Stitch,” which dominated the box office last weekend with $182.6 million over the Memorial Day holiday. This family film is set to clear $400 million globally soon, making it one of the year’s biggest success stories, especially considering it had a $100 million budget and was initially meant for Disney+.
“Mission: Impossible — The Final Reckoning” will also challenge “Karate Kid: Legends” for the second spot. With a strong start of $79 million over the holiday weekend, it’s poised to add over $30 million. Yet, with a hefty production budget of $400 million, it needs to keep bringing in audiences to break even.
Another contender is A24’s “Bring Her Back,” a supernatural horror film opening with a projected $6 million. Early buzz is positive, aided by a 90% fresh rating on Rotten Tomatoes, which indicates it might outperform expectations.
Also hitting theaters is Wes Anderson’s “The Phoenician Scheme,” featuring a star-studded cast and set for a limited release.
The movie industry appears to be on the upswing after a challenging few years. This past Memorial Day, box office numbers reached new heights. Recovering from strikes and pandemic-related turmoil, exhibitors are excited to build on the momentum generated by hits like “Lilo & Stitch” and others.
To add some context, during the pandemic, theater attendance plummeted, with a 2020 survey showing that 76% of Americans were hesitant to return to cinemas. As audiences return, the resurgence in box office performance signals a renewed love for the theatrical experience.
Perhaps Daniel LaRusso will indeed bring the industry further into the spotlight.
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Karate Kid: Legends,Lilo and Stitch,Mission: Impossible \u2014 The Final Reckoning
