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In the wake of one of the best pre-Thanksgiving frames in over a decade with Wicked and Gladiator II drumming up a $200M-plus frame, crowded lobbies around the world will remain intact this week as Disney’s Moana 2 joins the fray with what’s expected to be a $225M+, largely day-and-date global opening.
That’s just below the $295M that Disney’s own, Inside Out 2 drummed up earlier this year; that Pixar pic remaining the top animated movie of all-time and the best 2024 has seen thus far at $652.9M domestic, and $1.69 billion. Folks like AMC circuit Boss Adam Aron believe Moana 2 could top that.
Moana 2, which starts stateside previews tomorrow at 2PM, and rolls out abroad on Wednesday, is looking to make $100M+ overseas and anywhere from $125M-$135M over its five day-domestic Thanksgiving Day stretch at 4,100 locations. It’s going for a record this weekend, looking to upset not just Disney’s previous $93.5M 5-day record opening for 2013’s Frozen, but also the $125M 5-day Thanksgiving haul of 2019’s Frozen II. Presales, we’re told, are ahead of Frozen 2 and Super Mario Bros Movie ($204.6M 5-day opening).
Moana 2 has all the women, so what happens to Universal’s Wicked in its second go-round? The Jon M. Chu feature take of the Broadway hit might hit a buzzsaw, but that remains to be seen with a $90M+ 5-day (final 3-day came in at $112.5M). What Moana 2 has that Wicked ain’t got is a shorter running time of 100 minutes versus the latter’s 2 hour 40 minutes — a much easier toleration of time for parents with kids. In addition, thanks to Dwayne Johnson’s Maui, there’s a character on-screen to keep boys entertained as opposed to the Cynthia Erivo and Ariana Grande singing apalooza.
There’s a grab for Imax and PLF screens, and they’ll be continued to shared among the three big movies. I understand, Moana 2 will have 300 Imax screens resulting in 2 to 3 showtimes a day, while the Auli’i Cravalho starring movie will be booked at 700 PLF screens with 2,200 sites featuring 3D. Reviews haven’t registered on Rotten Tomatoes for the sequel to the 2x Oscar nominated, $643.3M global grossing 2016 original. While premieres were held in Maui, Hawaii and London, UK last week, the larger media gets to see Moana 2 for the first time tonight. The original Moana opened to $56.6M 3-day and $82M five-day. The Moana 2 team are currently do a press tour in Italy.
Moana 2 was first announced by Disney CEO Bob Iger during an earnings call in February, the studio switching up a planned Disney+ Moana series to a feature sequel to fill their Thanksgiving vacancy this year. The news of the sequel pushed the in-the-works live-action Moana starring Johnson to July 10, 2026.
Moana 2 surfs into France, Korea and Italy on Wednesday. On Thursday, she will add Germany, Mexico, Australia and Brazil to the wave, with Friday bringing the UK, Spain and China into the mix. This will rep 94% of the international footprint as Japan goes a week later, on December 6.
The first Moana, which was on a staggered overseas release pattern back in 2016, did $64.7M abroad in like-for-like markets at today’s rates. At the time, it was original IP, but has since gained huge awareness through ancillary and on Disney+.
In terms of opening overseas comps, we’re looking at such titles in like-for-like markets and at current rates as Finding Dory ($107M), Incredibles 2 ($129M) and Despicable Me 4 ($135M). Note that each of those was a summer release.
A few weeks ago, we were in a sort of wonky international marketplace, but the recent plays of Gladiator II and Wicked have provided gas to help fuel the rest of the year. Note that Wicked has no new offshore openings this coming week; it releases in France, China and Germany in December, and Japan in March next year.
The first Moana did its ultimate best numbers in Japan, France, China, UK and Brazil.
Gladiator II will remain the one destination for men for quite some time. The Thanksgiving 5-day is figured around $45M. The Ridley Scott directed movie finaled its 3-day opening at $55M after a $13.6M Sunday, -29% from Saturday. Given the long-running times of Gladiator II at 2 1/2 hours and Wicked, the hope is that scheduled trips to the cinema continue into this weekend, as such is the nature of these long-running titles ala Avatar: The Way of Water and Black Panther: Wakanda Forever.
