CNK - 'Elvis' 'The Black Phone' take their turn at summer box office

A hot June release schedule for movies continues with this weekend, but the box-office summer stalwarts so far are likely to keep piling up the moviegoer dollars. Two films take a stab at wide release this weekend: Warner Bros. Discovery (NASDAQ:WBD) is out with Baz Luhrmann's Elvis, a musical biography covering the King of Rock 'n' Roll. And Universal/Blumhouse (NASDAQ:CMCSA) has some out-of-season horror with The Black Phone. The films have a tall order eclipsing the summer mainstays so far. Elvis (WBD) appears headed for an opening of perhaps $30M, while The Black Phone (CMCSA) would likely be happy with $15M. And that means - after a modest debut from Lightyear (DIS) last weekend - an opportunity for Tom Cruise to ring the registers again. His Top Gun: Maverick (PARA) (PARAA) is the year's top-grossing film - and some truly exceptional week-to-week holds on theater business mean it could reclaim

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'Elvis,' 'The Black Phone' take their turn at summer box office