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home / news releases / RDI - 'Sonic' sequel scores family-film hit for Paramount with $71 million opening


RDI - 'Sonic' sequel scores family-film hit for Paramount with $71 million opening

Sonic the Hedgehog 2 (NASDAQ:PARA) (NASDAQ:PARAA) dominated the domestic box office over the weekend, offering a data point of relief to film industry names looking for the resilience of family films in the COVID-19 pandemic. The pandemic-era movie industry has produced some bona fide hits in films like Spider-Man: No Way Home, The Batman, Shang-Chi and the Legend of the Ten Rings and Venom: Let There Be Carnage - but those are superhero films that appeal to an older demographic, including children that have had easier access to COVID-19 vaccines. Sonic the Hedgehog 2, though, outperformed even top-end expectations, opening to $71 million in domestic theaters against optimistic expectations Paramount set for the $50 million range. Last week's leader, Sony's (SONY) Marvel film Morbius, shed a hefty 74% of its business but still managed to land in the No. 2 spot with $10.2 million in grosses. That's because the weekend's

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'Sonic' sequel scores family-film hit for Paramount with $71 million opening
Stock Information

Company Name: Reading International Inc
Stock Symbol: RDI
Market: NASDAQ
Website: readingrdi.com

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