Squad Goals Thwarted

Uh oh. That is likely to be the prevailing refrain coming from not only Warner Bros today, but Hollywood as a whole. The August box office has kicked off with only one wide release this weekend and it’s a high profile one in The Suicide Squad. This is the hard R rated reboot of the franchise from director James Gunn, who’s had massive success in the Marvel Cinematic Universe with the Guardians of the Galaxy and its sequel.

Hopes were riding high after this Squad received unexpectedly laudatory marks from critics with a 92% Rotten Tomatoes score. The 2016 Suicide Squad managed only 26% and still became a financial success story. In fact, its $65 million opening Friday set the August record five years back. It went on to gross $133 million for the weekend and $325 million overall domestic.

With the Delta variant rising across the country and the 2021 version being available on HBO Max, no one expected this to match the original. However, when it made $4 million on Thursday night, that seemed to correlate with a premiere close to $40 million (where I had it pegged).

What a difference a day makes. Reports have The Suicide Squad earning just over $12 million for Friday (this includes the Thursday preview numbers). And that means a debut in the mid 20s is where it’s headed. That is absolutely on the lowest end of forecasts.

In short… that’s bad. Usually comic book movies are critic proof if the reviews are mediocre (like Suicide Squad). One would think the unanticipated praise would’ve been a boost. Not so. To make it worse, 2020’s spin-off Birds of Prey focused on Margot Robbie’s Harley Quinn character took in $33 million out of the gate. I can’t imagine Warner Bros ever imagined The Suicide Squad would fall short of that.

So what happened? There will be many theories. First off, 2016’s Squad was a hit, but audiences didn’t exactly love it and perhaps they weren’t clamoring for a reimagining. The original Squad had a PG-13 rating and that means youngsters had a better opportunity to turn out. The new Squad being on HBO Max. The absence of the franchise’s biggest star Will Smith.

These are all viable explanations and they might all be contributors (especially the general ambivalence for what we witnessed five years ago). Studios are really hoping the overriding rationale isn’t the Delta variant. If so, don’t be shocked if we see other major releases start getting delayed again. That would be a reversal from where things seemed headed even last month. There’s a whole lotta movie lovers hoping No Time to Die or Dune or Halloween Kills and more stick to their fall plans.

Family fare like Space Jam: A New Legacy and Jungle Cruise opened slightly above projections and both were available on streaming. Theaters owners had reason to feel hopeful. To be clear, one failure may not change the dynamic and The Suicide Squad could represent a blip where the aforementioned circumstances caused the lackluster performance. Yet there’s little doubt that radars across Tinsel Town are at full attention and that this never-ending story of uncertainty carries on.