Fast X Box Office Collection Is Not Looking Good
With the release of “Fast X,” the tenth film in the “Fast & Furious” series, the summer movie season has officially begun. It looks like a good business decision on Universal Pictures’ part to conclude the franchise with this picture, which marks the beginning of the end for Dom and the Fast Family. Let’s check the figures and see what’s going on. According to The Numbers, “Fast X” had a successful opening weekend, earning $67.5 million in the United States and a whopping $251.3 million globally. This makes it the second-biggest international opening of 2023, trailing only “The Super Mario Bros. Movie,” another Universal production, which has grossed an incredible $1.23 billion throughout the world. Despite the difficulties American films have had entering into the Chinese market since the epidemic began, “Fast X” performed exceptionally well in China, earning $78.3 million. This tendency is consistent with the franchise’s overall trajectory toward increased success in other markets and decreasing profitability in the United States. When compared to its predecessor, “F9,” “The Fate of the Furious” grossed an astounding $1.23 billion globally, with a domestic share of 18.3 percent and an international share of 81.7 percent. So, this accords with certain preconceived notions. But Universal still has to deal with the cold hard facts of business: the movie’s budget. Since “Fast Five,” the franchise has shifted focus from street racing and criminality to worldwide action. With a staggering $340 million price tag (before marketing costs), “Fast X” is one of the most costly films ever filmed. Even if the film’s worldwide gross were to exceed $800 million, Universal would still not make a profit due to the decreased revenue studios get from ticket sales in China. While unforeseen circumstances, such as a pandemic, and the director’s mid-production change by Louis Leterrier contributed to the budget going over, the main problem was the high salaries requested by the film’s A-list ensemble. Star performers like Jason Momoa are expensive to secure, and so are industry veterans like Vin Diesel, Michelle Rodriguez, and Tyrese Gibson. A world-spanning action picture can only be created for so little money, and that’s not counting the actors’ demands. Since the existing business model cannot be maintained, it is certain that “Fast & Furious 11” will be the last film in the main series. It’s time to wrap up the main series, even if spinoffs like “Hobbs & Shaw” can keep going strong. Nonetheless, it’s a feat worthy of recognition that the franchise has lasted for almost 20 years and made over $7 billion at the box office. A celebratory lap around the track is in order at this point. While this was happening, Marvel’s “Guardians of the Galaxy Vol. 3” maintained its impressive performance, earning an extra $31.9 million in its third weekend, a decline of only 48%. In light of the cutthroat nature of the market, this is a fantastic hold. With a global total of $659.1 million, James Gunn’s picture has proven to be the smashing hit that Marvel Studios desperately needed following the failure of “Ant-Man and the Wasp: Quantumania.” The result is nevertheless remarkable and deserves praise, even if it doesn’t quite match the success of its predecessor, “Guardians of the Galaxy Vol. 2” ($869 million at the box office).