Chernin Entertainment Expands Film Team With Key Hire and Promotions
Chernin Entertainment has expanded its film division by promoting staff and hiring Marisa Paiva as EVP of film.
Practical Magic 2 is projected to debut with $30-$40 million, challenging Spider-Man: Brand New Day's box office success this weekend.

In a recent announcement by Variety, the upcoming fantasy sequel Practical Magic 2 is projected to earn between $30 million and $40 million in its opening weekend at the domestic box office. The film features Nicole Kidman and Sandra Bullock reprising their roles as witchy sisters and aims to dethrone the current box office champion, Spider-Man: Brand New Day, which has held the top spot for six consecutive weekends.
Practical Magic 2 is being released in approximately 4,000 North American theaters and has garnered significant nostalgia from fans. The first installment of Practical Magic, originally a box office disappointment, later became a cult classic due to its unique blend of fantasy and drama. The sequel features a new storyline set 25 years later, where the daughters of Sally and Gillian Owens explore their family's witchy legacy and attempt to break a long-standing curse.
Warner Bros., the studio behind the film, produced Practical Magic 2 with a budget of $75 million. Internationally, it is anticipated to earn an additional $18 million to $25 million across 77 markets, bringing its potential global total to somewhere between $48 million and $65 million for its debut.
The critical reception for Practical Magic 2 has been mixed, with reviews suggesting that the film may struggle to maintain box office momentum beyond its opening weekend. Todd Gilchrist of Variety described it as “cumbersome and overlong,” reflecting concerns that the lengthy wait for a sequel might not satisfy the expectations of fans eager for a return to this magical world. Despite these reviews, the film's nostalgic appeal could draw large crowds in its initial days.
While the battle for the box office crown unfolds, Spider-Man: Brand New Day continues to shine, nearing the record set by Star Wars: The Force Awakens as the highest-grossing movie in North America, recently amassing $923 million domestically and $2.4 billion globally.
In addition to Practical Magic 2, another film making its debut is Disney's music documentary Oasis: Don't Look Back in Anger. Expected to generate between $5 million and $7 million, this film will focus on the famed band Oasis, featuring behind-the-scenes footage and interviews with brothers Liam and Noel Gallagher, who have had a famously turbulent relationship. The documentary premiered earlier at the Venice Film Festival, receiving positive reviews that could contribute to its success in theaters.
As audiences explore both fantastical and musical realms this weekend, box office analysts will monitor how Practical Magic 2 and Oasis perform against entrenched favorites like Spider-Man.
The opening weekend for Practical Magic 2 signifies a critical moment not only for the movie itself but also for the box office landscape, which has seen a surge in major releases over the summer. Nostalgia plays a pivotal role in attracting audiences, and the sequel’s financial success could impact future projects inspired by older films. Fans of both franchises are likely to flock to theaters, highlighting a continued interest in well-established narratives. As the audience awaits this weekend's results, it remains to be seen how these films will fare against each other in a competitive box office climate.
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