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Box Office: ‘Shang-Chi’ Smashes Labor Day Record with $90M
hollywoodreporter.com/movies/movie-news/box-office-shang-chi-marvel-simu-liu-1235005567/

Shang-Chi and the Legends of the Ten Rings is making a heroic showing at the box office, where it has smashed the record for Labor Day openings with a four-day haul of $90 million and has posted the second-biggest three-day debut of the pandemic year so far, behind fellow Marvel Studios pic Black Widow.
Shang-Chi, from filmmaker Destin Daniel Cretton brought in a domestic three-day total of $75.5 million from 4,300 locations. Shang-Chi‘s global haul is an estimated $127.6 million. The PG-13 movie, which earned positive reviews and a glowing A Cinemascore, stars Simu Liu as Marvel’s newest hero and is the studio’s first to center on an Asian lead. Its three-day haul is the second-biggest domestic opening of the year, behind Black Widow, which debuted to $80.3 million over three days in July, and ahead of Universal’s F9, which brought in $70 million in late June. As far as September releases, only Universal’s It (2017) and It: Chapter Two (2019) topped Shang-Chi‘s domestic opening.

Where ‘Shang-Chi’ Will Take Marvel Next
hollywoodreporter.com/movies/movie-features/shang-chi-legend-ten-rings-sequel-marvel-phase-4-1235008777/

Marvel Studios has big plans for Shang-Chi (Simu Liu). If it wasn’t clear from the latest marketing for Shang-Chi and the Legend of the Ten Rings, introducing the titular hero as “Marvel’s new Avenger,” then the film itself, directed by Destin Daniel Cretton and written by Cretton, David Callaham and Andrew Lanham is certainly evidence as it positions Shang-Chi as central to the MCU and its larger mythos going forward. With Tony Stark (Robert Downey Jr.), Steve Rogers (Chris Evans), and Natasha Romanoff (Scarlett Johansson) out of the picture following Avengers: Endgame (2019), Phase 4, so far, has centered on building legacies and creating a new stable of “Earth’s Mightiest Heroes.” Shang-Chi arrives in the MCU as more than simply the “Master of Kung Fu” as he’s called in the comics. As the child of an immortal conqueror and a warrior from another dimension, and the current wielder of the mysterious ten rings, he is vital to Phase 4’s theme concerning the gift and burden of legacy and powerful individuals finding a way to make it their own.

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NEW YORK (AP) — On what’s traditionally one of the sleepiest weekends at the movies, the Marvel film “Shang-Chi and the Legend of the Ten Rings” smashed the record for Labor Day openings with an estimated $71.4 million in ticket sales, giving a box office reeling from the recent coronavirus surge a huge lift heading into the fall season. The Friday-to-Sunday gross for “Shang-Chi and the Legend of the Ten Rings,” Marvel’s first film led by an Asian superhero, ranks as one of the best debuts of the pandemic, trailing only the previous Marvel film, “Black Widow” ($80.3 million in July) and Universal Pictures’ “F9” ($70 million in June). Overseas, it pulled in $56.2 million for a global three-day haul of $127.6 million. Disney anticipates “Shang Chi,” made for about $150 million, will add $12.1 million domestically on Monday. The Walt Disney Co. opted to release “Shang-Chi” only in theaters where it will have an exclusive 45-day run. Some of the studio’s releases this year, including “Black Widow,” have premiered day-and-date in theaters and on Disney+ for $30. The strong opening of “Shang-Chi” — forecasts had been closer to $50 million — was a major relief for Hollywood, which had seen jittery releases the last few weeks during rising COVID-19 cases driven by the delta variant. Several upcoming films have recently postponed out of the fall, including Paramount Pictures’ “Top Gun: Maverick,” “Jackass Forever” and “Clifford the Big Red Dog.” Disney’s weekend, though, should lend confidence to upcoming big-budget releases such as the James Bond film “No Time to Die” from MGM and United Artists Releasing, and Sony Pictures’ “Venom: Let There Be Carnage.”“‘Shang-Chi’ is the ultimate confidence-builder for the theatrical movie industry,” said Paul Dergarabedian, senior media analyst for data firm Comscore. “This was a very important film. This was the Marvel movie that’s opened exclusively theatrically since ‘Spider-Man: Far From Home’ in July 2019. ‘Shang-Chi’ is a real testament of the power of a theatrical-first strategy to drive huge numbers of moviegoers to the multiplex.”Perhaps nobody will be celebrating Sunday more than theater owners. Exhibitors have argued day-and-date releases significantly cannibalize ticket sales. Warner Bros., which is putting all of its 2021 releases simultaneously on HBO Max, has vowed to end the practice next year. Adding to that argument is the continuing strong performance of “Free Guy,” from Disney’s 20th Century Studios. “Free Guy,” contractually obligated to be released only in theaters, has grossed $239.2 million globally. Without an in-home option, the Ryan Reynolds film has held especially strongly; it added $8.7 million in North America over the weekend, good for third place. In China, “Free Guy” has made $57 million in less than two weeks. (“Shang-Chi” doesn’t yet have a China release date.)Last week’s top film, the Universal horror remake “Candyman,” slid to second place with $10.5 million.

All data is taken from the source: http://usatoday.com
Article Link: https://www.usatoday.com/story/entertainment/movies/2021/09/05/shang-chi-marvel-film-smashes-labor-day-box-office-records/5742008001/

#chi #newsdaily #newsworldabc #usnewsworldreport#kingworldnews #newstodayoncnn #

“Shang-Chi and the Legends of the Ten Rings” is making a heroic showing at the box office, where it has smashed the record for Labor Day openings with a four-day haul of $90 million and has posted the second-biggest three-day debut of the pandemic year so far, behind fellow Marvel Studios pic “Black Widow.” Welcome to king the digital circus, the ultimate destination for digital entertainment enthusiasts. Dive into a world where technology and creativity collide, bringing to life a mesmerizing array of performances, exhibits, and experiences.

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‘Shang-Chi and the Legends of the Ten Rings’ Smashes Labor-Day Record With $90 Million | THR News

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CNBC’s “Squawk Box” team discusses Disney’s “Shang-Chi” sets Labor Day box office record with $90 million. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

Disney’s “Shang-Chi and the Legend of the Ten Rings” topped $90 million in sales at the domestic box office over the four-day Labor Day weekend, helping AMC Entertainment smash its admissions record for the holiday.

More than 2 million people watched movies at AMC’s U.S.-based cinemas between Sept. 2 and Sept. 5, marking the highest number of admissions for Labor Day weekend in the company’s history.

This holiday weekend also marked the first time since the beginning of the Covid-19 pandemic that attendance during a weekend in 2021 outpaced attendance from the same weekend in 2019.

“This encouraging surge in attendance at AMC signals that as Hollywood releases movies, Americans eagerly want to return to movie theatres again,” said CEO Adam Aron in a statement Tuesday.

Shares of AMC jumped about 7% during intraday trading Tuesday.

Aron pointed to the new Marvel film “Shang-Chi” as the main driver of foot traffic to AMC theaters over the holiday weekend.

“Shang-Chi” tallied $71.4 million in ticket sales over Friday, Saturday and Sunday — the second-highest opening during the pandemic — just behind “Black Widow,” which tallied $80 million during its debut in July.

Its total box-office haul for the four-day holiday weekend topped $90 million, nearly triple that of the previous Labor Day weekend record holder “Halloween,” which was released in 2007 and collected $30.6 million.

Ticket sales have traditionally been weak over the Labor Day holiday, as studios have not debuted major blockbuster features over that weekend. As a theatrical-only release and part of the Marvel franchise, “Shang-Chi” easily outpaced previous debuts.

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