Hocus Pocus Vs. Tent at Box-Office

Halloween Classic ‘Hocus Pocus’ Nearly Beats ‘Tenet’ as Box Office

 

Hocus Pocus - H - 1993
Photofest

The rerelease of the 1993 Halloween cult classic Hocus Pocus was almost able to banish Christopher Nolan’s Tenet and take the top spot at the weekend box office with a mere $2 million.

This was to have been the weekend that Wonder Woman 1984 unfurled. But, like numerous other fall tentpoles, the superhero sequel relocated out of concern that moviegoers aren’t ready to return to the multiplex amid the ongoing pandemic.

That has forced cinema owners to rely on a diet of holdovers like Tenet — which launched over a month ago — smaller indie fare and rereleases, such as Disney’s Hocus Pocus.

Over the October 2-4 frame, Tenet took in an estimated $14.2 million globally as it crossed the $300 million mark worldwide. That included a domestic weekend of $2.7 million. Its hefty $200 million production budget before marketing means Tenet will need to do $400 million or more to break even. One boost could come if cinemas in New York City and Los Angeles are finally allowed to reopen.

The Warner Bros. film has fared far better overseas, where moviegoing has resumed in earnest — until now.

On Saturday night, mega-circuit Cineworld revealed it is closing its European locations and Regal Cinemas in the U.S. as early as this week. It’s not financially feasible to stay open 24/7 until there is a steady flow of event pics, which now isn’t until next year.

The news came a day after MGM, Eon Productions and Universal said they were delaying 007 installment No Time to Die from November to April 2021. The only other tentpole remaining on the November calendar is Pixar’s Soul, but that is now likely to move.