Lionsgate’s “Den of Thieves 2: Pantera” has kicked off its theatrical run with a respectable $1.35 million from preview showings that started at 6 PM. This figure showcases a +42% increase from the previews of the original film, which earned $950K back in 2018. Although this performance is commendable in isolation, it faces a mixed reception when compared to other recent films in the action genre. While “Den of Thieves 2” displays potential, its competition suggests a more nuanced landscape for the film’s future earnings.
When putting “Den of Thieves 2” next to recent releases, such as “The Beekeeper,” which pulled in $2.4 million during previews, it appears the sequel might face a potential uphill battle. The Beekeeper ultimately garnered $16.5 million over its opening weekend, reflecting the challenge that “Den of Thieves 2” may encounter in competing for audience attention. Moreover, the film’s preview earnings overshadow those of “Plane,” another Gerard Butler vehicle, which opened with $625K but showcased a slower rise in overall earnings. The unpredictability of the box office landscape makes it essential for “Den of Thieves 2” to maintain momentum as it competes in an overcrowded market.
One of the underlying challenges for “Den of Thieves 2” stems from its release timing in early January, a notoriously soft period for box office returns. Recent wildfires in Los Angeles have led to disruptions in cinema operations, with only two major venues reopening out of 14 closed screens. The ongoing recovery from such incidents can hinder the potential audience turnout in the Los Angeles market, a crucial area for film premieres. While some cinemas remain operational, the overall atmosphere reflects uncertainty, complicating the film’s outlook.
The storyline of “Den of Thieves 2” reunites fans with Big Nick, played by Gerard Butler, as he embarks on a high-stakes mission across Europe. The plot’s focus on diamond heists and the intriguing Panther mafia aims to capture the audience’s imagination, particularly those who appreciated the suspenseful elements of the first film. With O’Shea Jackson Jr. reprising his role alongside Butler, and directed by Christian Gudegast, the film seeks to strike a balance between narrative depth and adrenaline-pumping action.
The sequel’s production, involving an experienced team, is particularly intriguing considering the original film’s unexpected success, with a total of $44.9 million domestically. Lionsgate’s strategy in releasing this film signals confidence in the brand’s continued relevance in the action genre. However, the box office performance during its opening weekend will be critical in assessing the viability of further sequels or expansions. Current forecasts suggest a modest opening, ranging between $11 million to $13 million, but the film’s durability in the long run remains uncertain.
As “Den of Thieves 2: Pantera” embarks on its cinematic journey, the combination of strong previews, competitive market dynamics, and significant external factors culminate in a complex scenario. While the film demonstrates promise, its ultimate success will depend on audience reception, competition from other films, and external circumstances such as market conditions. For Lionsgate, navigating this landscape will be pivotal in determining the fate of the franchise and its potential future endeavors.