Practical Magic 2 Worldwide Box Office: $90M+ Global Cume Recovers Its Budget, But Break-Even Is Still A Long Way Off
Practical Magic 2, starring Sandra Bullock and Nicole Kidman, is experiencing a similarly underwhelming run at the box office as its predecessor. The movie has recouped its moderately high budget, but the break-even target is still far away. It has a steep climb towards the break-even target. Keep scrolling for the deets.
The sequel received strong ratings from audiences, while critics gave it very poor ratings. Despite the first movie being a cult favorite, the sequel is not doing well, even though it returned so many years after the first film. The old cast, along with the new star, is being loved by the fans.
Practical Magic 2 is edging closer to the $100 million milestone worldwide
According to Box Office Mojo, Practical Magic 2 opened with a franchise record $30 million in its opening weekend domestically. The sequel has hit the $61 million cume at the North American box office to date. It includes $781k on its third Tuesday/discounted day, down almost 48% from last weekend. Thus, the worldwide collection has reached $93.6 million so far. It is less than $10 million away from surpassing the $100 million milestone worldwide.
Trending
Box office summary of Practical Magic 2
- Domestic – $61.0 million
- International – $32.6 million
- Worldwide – $93.6 million
Recovers the production cost worldwide
According to media reports, Practical Magic 2 was made on a $75 million budget, which is moderately high. The film has recouped its production costs at the worldwide box office. But it still has a long way to go before it hits break-even. Based on the industry’s 2.5x multiplier rule, the movie needs to earn around $188 million at the worldwide box office. The movie is still an estimated $94 million away from breaking even worldwide. The movie still has a steep climb and might not even hit the break-even point worldwide.
More about the movie
It follows a multigenerational family of witches cursed to live without love for centuries as they confront dark secrets and make sacrifices to break the spell. Practical Magic 2, also starring Joey King, Lee Pace, Maisie Williams, and Xolo Maridueña, was released on September 10.
Stay tuned to Koimoi for more box office updates!
Follow Us: Facebook | Instagram | Twitter | YouTube | Google News
KioskNews shows a cleaned-up reading view extracted from the publisher’s page — the original always lives on their site, not ours.