Warner Bros. has managed to successfully capitalize further on the good name of Harry Potter in a big way. Or at least capitalize on a property related to the good name of Harry Potter with Fantastic Beasts and Where to Find Them. Even without the name of the famed wizard in the title, the movie is bringing in big dollars at the box office and has passed a major milestone.
Deadline is reporting that Fantastic Beasts has grossed $161 million domestically and a very impressive $344 million internationally in just two weeks of release. That brings the movie's grand total to $505 million so far and it has a long way to go, meaning it is a huge hit for Warner Bros. Here is what Warner Bros' Sue Kroll had to say about the success the movie is enjoying at the box office.
"We are thrilled by the success of this new adventure, which is also the start of an exciting new franchise for the studio. With Fantastic Beasts, the brilliant J.K. Rowling has created an immersive story with timeless themes that are resonating with both critics and audiences in every corner of the world. We congratulate her, our director David Yates, the wonderful cast and everyone involved in the film on this milestone."
Even though Fantastic Beasts isn't related to Harry Potter in name, it is very much an authentic part of the wizarding world. J.K. Rowling wrote the script for the movie herself and has been heavily involved in the project from the beginning. Warner Bros. and Rowling have a lot of faith in the project, as they have already officially announced a sequel with director David Yates set to return, as well as plans for potentially five movies in total. Warner Bros. was already moving ahead with Fantastic Beasts 2 long before these impressive box office results for the first movie. It seems much more likely now that, assuming they can keep up the quality, the five-movie plan will come to fruition.
At the moment, Fantastic Beasts and Where to Find Them looks like it will top out at the $750/$775 million range worldwide. That would make it the lowest grossing movie in the Harry Potter franchise to date, behind Harry Potter and the Prisoner of Azkaban, which made $796 million. Still, that would be enough to justify continuing the franchise. Anything in the $700 million range would still represent a great return for Warner Bros. but with something like Fantastic Beasts, the money goes far beyond the box office. There are a lot of merchandising opportunities for something like this, so as long as they aren't losing money and aren't being thrashed by critics and fans, expect to see all five Fantastic Beasts movies made.
Fantastic Beasts and Where to Find Them takes place in New York in 1926 and follows Newt Scamander, played by Oscar winner Eddie Redmayne, as he tries to round up a bunch of magical creatures who manage to get loose in the city. In addition to the Oscar winner, the cast also includes Katherine Waterston, Dan Fogler, Alison Sudol, Ezra Miller, Samantha Morton, Jon Voight, Ron Perlman, Carmen Ejogo, Jenn Murray, Faith Wood-Blagrove and Colin Farrell. Fantastic Beasts and Where to Find Them is in theaters now with Fantastic Beasts and Where to Find Them 2 scheduled for release on November 16, 2018.