“Elvis,” “Black Phone” Solid Target Begins

Baz Luhrmanns Elvis Will Hit Cannes
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Filmmaker Baz Luhrmann’s musical biopic “Elvis” is reportedly on track to collect $30 million from its domestic box office debut over the weekend according to pre-release projections.

Budgeted at a relatively hefty $85 million, it would be a solid start for an adult audience drama but the film will need a few legs to justify its spending.

Chances to do better on the economic front is Scott Derrickson’s “The Black Phone” which looks poised to unlock at least $15 million – almost making a $18 million budget back in its domestic debut alone.

How these numbers will hold up at the weekend is unclear. The acclaimed “Lightyear” was projected to debut $70=75 million or so before release before coming in much lower with a first-round $51 million.

The film is expected to drop to about $25 million this weekend and fourth place as “Elvis,” “Jurassic World Dominion,” and “Top Gun: Maverick” all fighting for first place.

Source: Varieties

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