
Key Takeaways
- “Despicable Me 4” has earned $122.6 million domestic and $229.5 million globally.
- The Universal and Illumination film cost $100 million to produce.
- “Inside Out 2” continued its strong showing, earning $30 million in its fourth weekend.
“Despicable Me 4” earned $122.6 million domestically in the five days since its debut, sending a signal that summer blockbusters are alive and well. Globally, the film has earned $229.5 million, including $106.9 million from 73 international markets.
The latest installment in the story of supervillain Gru and his band of minions from Comcast’s ( CMCSA ) Universal and Illumination Entertainment debuted on Wednesday, in time for the Independence Day holiday weekend.
“Despicable Me 4” cost $100 million to produce, setting the stage for significant profits over the course of its theatrical run. Shares of Comcast edged lower in Monday-morning trading.
Other Box Office Standouts
Disney ( DIS ) and Pixar’s “Inside Out 2” delivered another strong showing, earning $30 million in its fourth weekend in theaters. The film overtook “Minions,” an early installment in the “Despicable Me” franchise, as the fifth highest-grossing animated movie ever, earning $533.8 million domestically and $1.2 billion globally, Variety reported.
“A Quiet Place: Day One,” Paramount’s ( PARA ) third film in the series, brought in $21 million over the holiday weekend, bringing its U.S. total to $94.4 million. “Bad Boys: Ride or Die,” earned $6.5 million for Sony, bringing its domestic total to $177.4 million. A24’s “MaXXXine,” debuted over the weekend, grossing $6.7 million.
The success of “Despicable Me 4” and “Inside Out 2” in particular is a welcome sign for studios, which struggled to bring in audiences to start 2024. The latter earlier this month became the first movie to earn $1 billion globally since “Barbie” in 2023 and the first Walt Disney Animation Studios or Pixar animated film to gross more than $480 million since 2019.