As big as “Top Gun: Maverick” is, this week’s charts show just how valuable post-theatre revenue is to them, including recent hits.
Paramount is having a great week.
Not only is “Top Gun: Maverick” expected to have the best Memorial Day weekend gross in perhaps 25 years (adjusted for inflation) with an estimated gross of $156 million US/Canada through Monday, with nearly $300 million worldwide – they are also dominating this week. VOD charts, including #1 ranking on Netflix.
Three Paramount films – “Sonic the Hedgehog 2” ($19.99), “The Lost City” ($5.99) and “Top Gun” ($3.99, also on Netflix) all ranked No. 1 on at least one site. Of the three VOD charts below, they took six of the nine slots #1, 2, and 3.
Not bad when all these films are also streaming (on Paramount + for subscribers). That’s bonus revenue for the studio, which has also flourished in theaters this year. Of the seven releases to gross $100 million or more, they had three, more than any of their competitors.
“Hedgehog,” which grossed a surprising $185 million domestically, added domestic platforms 47 days after its theatrical launch. The studio varies its releases film by film. “The Lost City” had about the same gap.
Don’t expect that for “Maverick”. The film is likely to have strength in theaters for an extended period. But Paramount executives’ hands may be tied. The website Puck said he had committed to a 120-day window, which would be extreme, and also suggested he was trying to change that.
At first glance, a contractual commitment for such a long period seems absurd. Several non-Paramount sources have expressed doubts about its existence. But there is some credibility. 2018’s “Mission: Impossible – Fallout” delayed all home screenings for 117 days. The deal with Cruise and Skydance could have been on the same basis.
It was then exceptional. Pre-Covid practice was to allow PVOD as early as 70 days after theatrical release, VOD and physical retail after 90. But with both the “Mission” franchise and the possibility of a “Top Gun” sequel “so vital for Paramount, accepting that extreme window might have been necessary.
The interest in each transition will of course be enormous, despite the high theatrical experience offered by “Maverick”. The proof is that the film, despite being listed for pre-purchase (at $19.99), has been in the iTunes top 10 all weekend. The listing doesn’t say it might not be available until late September.
The original “Top Gun” is #3 on iTunes, #9 on Google Play. Vudu, which calculates by revenue, does not indicate that the $3.99 price hurts its ranking. “The Contractor” ($5.99) rounds out Paramount screenings, with a discounted price for same-day theatrical and PVOD release.
The action movie starring Chris Pine made two rankings. It is worth noting a strange Cannes connection. Its director, Tarik Saleh, has just been honored at Cannes for his very different “Boy from Egypt”, which won the prize for best screenplay. Exiled from Egypt, he is now based in Sweden, clearly combining a two-way directing career that bodes well for a successful future.
The other new entry this week, also on HBO Max, is “Fantastic Beasts: Dumbledore’s Secrets” (Warner Bros./$19.99). He got off to a humble start, making just two placings initially.
The 1986 “Top Gun” as #1 on Netflix is a rare case of a movie made before 2000 leading their movie viewing. The fact that it ranked so high alongside easy availability elsewhere speaks to the deep interest in ‘Maverick’. This is also an unusual and non-exclusive streaming entry for them.
Also new this week is “RRR,” the acclaimed Indian epic that has grossed $11 million in US and Canadian theaters since opening in late March. It is currently #6 on their chart, appearing in a Hindi dubbed version (not the original Telugu language).
Paramount is further represented there by “Senior Year,” at No. 2, which they sold to Netflix, as well as “Jackass 4.5,” the collection of takes not seen in their current “Jackass Forever.”
No new Netflix Originals placed this week. #4 “Disappearance at Clifton Hill” might as well be. The IFC Midnight 2020 release had initial theatrical and minor VOD response.
iTunes and Google Play rank movies daily based on the number of transactions. These are the lists for May 30. The distributors listed are the current rights holders.
1. The Lost City (Priority) – $5.99
2. Sonic the Hedgehog 2 (Priority) – $19.99
3. Upper gun (Priority) – $3.99
4. Uncharted (Sony)- $5.99
5. The Contractor (Priority) – $5.99
6. The bad guys (Universal) – $19.99
7. Fantastic Beasts: Dumbledore’s Secrets (Warner Bros.) – $19.99
8. The Northman (Tune Up) – $19.99
9. Top Gun: Maverick (Paramount) – $19.99 (pre-purchase)
10. Morbius (Sony)- $19.99
1. Sonic the Hedgehog 2 (Priority) – $5.99
2. Spider-Man: No Coming Home (Sony)- $5.99
3. The Lost City (Priority) – $5.99
4. Uncharted (Sony)- $5.99
5. Villains (Universal) – $19.99
6. Morbius (Sony)- $19.99
7. The Nordic (Tune Up) – $19.99
8. Dog (United Artists) – $5.99
9. Upper gun (Priority) – $3.99
10. Sing 2 (Universal) – $5.99
Vudu ranks by revenue, not transactions, which elevates Premium VOD titles. This listing covers May 23-29
1. Sonic the Hedgehog 2 (Priority) – $19.99
2. Morbius (Sony)- $19.99
3. The bad guys (Universal) – $19.99
4. The Lost City (Priority) – $5.99
5. The Nordic (Tune Up) – $19.99
6. Uncharted (Sony)- $5.99
7. The Batman (Warner Bros.) – $19.99
8. Fantastic Beasts: Dumbledore’s Secrets (Warner Bros.) – $19.99
9. The Contractor (Priority) – $5.99
10. Memory (Open Road) – $19.99
Current most-watched ranking on Netflix’s Daily Chart as of Monday, May 30; the originals include both Netflix-produced and acquired titles they originally featured in the United States. Netflix releases its own weekly top ten on Tuesdays based on watch time.
1. Upper gun (theatrically released in 1986)
2. Secondary year (Netflix Original 2022)
3. Perfect pairing (Netflix Original 2022)
4. Disappearance at Clifton Hill (theatrical release 2020)
5. donkey 4.5 (Netflix Original 2022)
6. RRR (theatrical release 2022)
7. Charlie and the Chocolate Factory (theatrical release 2005)
8. Ben is back (theatrical release 2018)
9. Tuscany (Danish Netflix Original 2022)
10. Our Father (Netflix Original Documentary 2022)