Beyoncé's 'Rebirth' reigns supreme at the box office with a $21 million opening weekend

In a triumphant display of artistry and box office prowess, Queen Bey has claimed the title of “Queen of the Box Office” with her highly anticipated concert film, “Renaissance: A Film by Beyoncé.” The documentary, which chronicles the superstar's record-breaking world tour, has grossed an impressive $21 million since opening Friday, according to BoxOfficeMojo. With an exclusive distribution deal with AMC Theatres, the film opened in approximately 2,500 theaters nationwide.

“Renaissance” accomplished the remarkable feat of becoming the first film in two decades to break the $20 million mark for its post-Thanksgiving opening weekend. The last film to reach this milestone was Tom Cruise's “The Last Samurai” in 2003, cementing Beyoncé's dominance in the entertainment industry.

Concert movies have been making waves at the box office this year. Taylor Swift's “Eras Tour,” also distributed exclusively through AMC, proved to be a massive success, further emphasizing the trend of artists bypassing traditional Hollywood distributors in favor of securing more gains for themselves and their teams.

While 'Renaissance' and 'Eras ​​Tour' have brought excitement at the box office, the industry as a whole has faced challenges in recent months. November saw a string of box office flops, including “The Marvels” and “Wish,” which contributed to a 12 percent drop in domestic theater revenue compared to the previous year. The sluggish performance has left theaters more than $400 million below pre-pandemic levels, according to Comscore data.

Several factors contributed to November's disappointing box office performance. The SAG-AFTRA strike prevented actors from promoting upcoming films, hampering efforts to build excitement and anticipation among audiences. In addition, the highly anticipated sci-fi blockbuster “Dune: Part Two” was pulled from the November slate and pushed back to a March 2024 release date, leaving a significant gap in the month's schedule.

Despite these challenges, the domestic box office has collected a respectable $8.26 billion so far this year. However, it still falls short of the $9 billion forecast for the full year, indicating that the industry still has some ground to cover in its recovery.

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