‘Deadpool & Wolverine’ Box Office Bound For Big $360M Global Opening

EXCLUSIVE: Marvel Studios/Disney‘s Deadpool & Wolverine finally opens this weekend, not only further rebounding the post-strike box office to a healthy place, but also revitalizing the MCU’s brilliance.

It was only last November that the studio fell on hard times with its lowest opening ever in The Marvels at $46.1 million U.S./$110 million worldwide.

The current range for domestic on the new Deadpool movie directed by Shawn Levy and starring Ryan Reynolds and Hugh Jackman is $160M-$170M, destined to be the biggest R-rated opening of all time, unseating the original Deadpool‘s $132.4M. Worldwide stands at $340M-$360M off an offshore start of $180M-$190M.

Looking at international comps (and excluding China), Joker opened in 2019 o $147M in like-for-like markets at today’s rates. Deadpool 2 did $137M in 2018 and Deadpool the first did $132M in 2016.

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What about that domestic $200M opening forecast from a few weeks ago? What’s been habit-forming this summer is that several movies have been blowing away projections with big walk-up business from Latino and Hispanic moviegoers. That halo effect will certainly be in store for Deadpool & Wolverine; the other unknown factor in terms of overperformance is how many parents bring their kids. Reynolds himself told the New York Times, “My 9-year-old watched the movie with me and my mom, who’s in her late 70s, and it was just one of the best moments of this whole experience for me.” While Deadpool & Wolverine is violent, it’s arguably not as violent as previous chapters.

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Tracking is off the charts in all sectors for Deadpool & Wolverine, but the statistical prognostication problem for many MCU movies destined for a $100M+ opening is how high they go beyond that point, as the sampling for movies opening to the century mark is quite small. While Twisters‘ $81.2M opening saw 40% of its ticket sales driven by premium and Imax ticket sales, Deadpool & Wolverine is taking them all away for a three-week hold. Twisters in weekend 2 is looking at a -55% hold (around $36M-plus); the pic made $9M on Monday for a running total of $90.3M.

Repeat business is for certain: While Doctor Strange 2 wove in some parts of the 20th Century Fox-owned Marvel universe, the money factor in Deadpool & Wolverine to stoke fans is its full and smart embrace of that library’s X-Men dramatis personae.

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Advance ticket sales in U.S. and Canada as of last Friday stood at $35M for Deadpool & Wolverine, which was 30% behind Doctor Strange 2 and 5% behind Wakanda Forever. Tickets went on sale May 20, nine weeks out from release. Previews in the U.S. start Thursday at 3 p.m.. The New York City premiere was held last night with press screenings in Los Angeles.

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Even if Deadpool & Wolverine settles at the bottom of its U.S.-Canada opening projections, that’s not a number that should be spat on as it’s above this year’s best start of Inside Out 2 ($154.2M) and around the vicinity of Barbie ($162M). Only 17 movies have opened to north of $170M at the domestic box office — all of them are PG-13, 15 of them are Disney titles and 10 of them are MCU. So, for an R-rated movie to crack that echelon is pretty impressive.

The top five stateside debuts at the domestic B.O. are Spider-Man: No Way Home ($260.1M), Doctor Strange in the Multiverse of Madness ($187.4M), Black Panther: Wakanda Forever ($181.3M), Barbie ($162M) and Inside Out 2 ($154.2M).

The top six global openings for Hollywood movies unadjusted for inflation post Covid are Spider-Man: No Way Home ($600.5M), Doctor Strange in the Multiverse of Madness ($452M), Avatar: The Way of Water ($441.7M), Jurassic World: Dominion ($386M), Super Mario Bros ($377.2M) and Barbie ($356.3M).

Deadpool & Wolverine rolls out in all international markets this frame, beginning Wednesday with France, Germany, Italy, Korea and Japan; followed by Spain, Brazil, UK, Mexico and Australia on Thursday; and with China joining Friday.

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The international estimate includes about $20M for China. Note that this is the first time the Merc with a Mouth is going to China in step with the rest of the world. The first Deadpool did not release in China, while Deadpool 2, refashioned as Once Upon a Deadpool with new scenes to create a PG-13 version, was released there in early 2019, many months after the original DP2 had its run elsewhere.

Reynolds, Jackman and Levy made a high-profile stop in Shanghai earlier this month, kicking off the D&W international tour and marking the first time a grouping of talent has traveled to the market for a purely Hollywood film since the pandemic (Christopher Nolan was the first filmmaker to go, in support of Oppenheimer, last August).

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While D&W currently leads presales on Thursday in China, it is lagging behind new local entry The Traveler across the three-day weekend. What’s more, Detective Chinatown director Sicheng Chen’s drama Decoded has just been given a slot for advance screenings this weekend, ahead of its official August 3 release. Go figure.

Elsewhere, the top markets on D&W are expected to be a mix of the UK, Korea, France and Germany. There’s no expectation that the start of the Olympics affects box office, save for perhaps in France. 

Notably, on this domestically R-rated movie, the film has scored 18+ ratings in both Mexico and Brazil, which could impact play. The last two DP movies were rated 16+.

In all, on their offshore BFF tour, Reynolds, Jackman and Levy traveled to Shanghai, Seoul, London, Berlin and Rio. 

If D&W hits its current estimated mark on the low end of $340M global, it would well outperform Deadpool’s $264M, DP2’s $263M and Joker’s $243M (all in like-for-likes and at today’s rates).