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thanksgiving box office breaks records with moana 2 leading the way

"Moana 2" debuted with a remarkable $221 million during the five-day Thanksgiving holiday, contributing to a record $420 million box office haul, the highest ever for the period. Alongside "Wicked," which earned $117.5 million, and "Gladiator II," with $44 million, this trio revitalized the theatrical market after a challenging year. The success marks a significant rebound, narrowing the box office gap between 2024 and 2023.

key market updates ahead of thanksgiving box office surge

Stocks futures are stable as investors await the PCE price index report and personal income and consumer spending data, both due at 10 a.m. ET. The Fed is expected to continue gradually cutting interest rates, reflecting confidence in inflation and the labor market.SoftBank plans to invest $1.5 billion in OpenAI, allowing employees to sell shares, following a recent $6.6 billion financing round. Meanwhile, Constellation Brands faces potential challenges from proposed tariffs on Mexican goods, which could significantly increase costs.In entertainment, the Thanksgiving box office is projected to be the best in years, driven by the releases of "Moana 2," "Wicked," and "Gladiator II," potentially leading to record results for the holiday weekend.

thanksgiving box office showdown features wicked gladiator ii and moana 2

Three major films—Universal's "Wicked," Paramount's "Gladiator II," and Disney's "Moana 2"—are set to compete at the box office over the Thanksgiving holiday, each vying for premium screen placements. Analysts predict that while all three will perform well, the distribution of premium large format screens will be crucial, as audiences increasingly prefer immersive viewing experiences. Expectations for opening weekend earnings vary, with "Wicked" potentially reaching up to $150 million, while "Gladiator II" and "Moana 2" are forecasted to earn between $60 million to $100 million.
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