Tracking & Forecasts

5-Week Box Office Tracking & Forecasts: CONJURING ($50M+), DEMON SLAYER ($50M+), and DOWNTON ABBEY’s Finale Trifecta Poised to Drive Stronger-than-Expected September

Photo Credits: Eli Born & Warner Bros. ("The Conjuring: Last Rites"); en Smithard & Focus Features ("Downton Abbey: The Grand Finale"); Yûichi Terao & Sony ("Demon Slayer: Kimetsu no Yaiba Infinity Castle")

The full version of this report appears in Box Office Theory’s Substack newsletter.

With the holiday weekend ahead, we’re running with a shorter-than-usual update this week to focus on immediate releases whose prospects continue to climb. Next week’s report will feature early outlooks on Disney’s Tron: Ares.

Despite no presence of a Beetlejuice sequel to kick off fall movie season with a $100 million-plus opener, a couple of fan-favorite franchises are aiming to write a different narrative this September that could challenge for $550 million domestically if everything fires on all cylinders. That would be a relative win given that expectations were much lower very recently (of note, last September generated an estimated $598 million).

Key Tracking Factors & Rationale:

  • The Conjuring: Last Rites has exceled in late-stage marketing and initial pre-sales, outperforming all previous films in the franchise in our exhibitor sample markets. The franchise finale is also pacing ahead of all 2025 horror films at the same point in Fandango’s pre-sale cycle, continuing a dominant run for the genre this year that has seen breakouts from Weapons28 Years LaterFinal Destination: Bloodlines, and Sinners during just the last four months.
  • Likewise, Demon Slayer: Infinity Castle shows no signs of slowing down after setting anime records in its pre-sale start. We still expect minimal walk-up business come release weekend, but it’s clear this first part of the story-ending trilogy is riding a massive wave of momentum and international success, now looking to turn that into significant audience expansion from previous series and genre installments domestically.
  • With the explosion of those films in forecasts, plus expected counter-programming success from Hamilton and Downton Abbey: The Grand Finale as the latter paces ahead of A New Era in tracking at the same point, late September may continue to see fluctuations in title-level forecasts. Market competition will be notable after early September’s string of likely hits.

5-Week Box Office Calendar, Tracking & Forecasts
as of 8/28/25

(NOTE: Additional range and pinpoint forecasts are available in our Substack newsletter.)

Release Date
Title
Distributor
3-Day (FSS) LOW-END Opening
3-Day (FSS) HIGH-END Opening
3-Day (FSS) PINPOINT Opening Forecast
Domestic Total LOW-END
Domestic Total HIGH-END
Domestic Total PINPOINT Forecast
9/5/2025
Baaghi 4
FunAsia Films
9/5/2025
The Conjuring: Last Rites
Warner Bros. Pictures
$54,000,000
$64,000,000
$60,000,000
$122,000,000
$169,000,000
$149,000,000
9/5/2025
Hamilton
Disney
$7,000,000
$12,000,000
$10,000,000
$14,000,000
$28,000,000
$22,700,000
9/5/2025
The Legend of Hei 2
GKIDS
9/5/2025
Light of the World
Salvation Poem Project
9/5/2025
Twinless
Roadside Attractions
9/12/2025
Demon Slayer: Kimetsu no Yaiba Infinity Castle
Sony Pictures
$53,000,000
$63,000,000
$56,000,000
$80,000,000
$123,000,000
$90,000,000
9/12/2025
Downton Abbey: The Grand Finale
Focus Features
$15,000,000
$20,000,000
$17,500,000
$42,000,000
$58,000,000
$49,000,000
9/12/2025
The Long Walk
Lionsgate
$6,000,000
$11,000,000
$7,500,000
$20,000,000
$34,000,000
$21,000,000
9/12/2025
Spinal Tap II: The End Continues
Bleecker Street
9/12/2025
Toy Story (30th Anniversary)
Disney
$1,000,000
$3,000,000
$1,500,000
$2,300,000
$7,500,000
$3,500,000
9/18/2025
Sight & Sound Presents: NOAH – Live!
Fathom Entertainment
9/18/2025
Afterburn
Falling Forward Films
9/19/2025
Apollo 13 (30th Anniversary)
Universal Pictures
9/19/2025
A Big Bold Beautiful Journey
Sony Pictures
$9,000,000
$14,000,000
$10,000,000
$24,000,000
$47,000,000
$29,000,000
9/19/2025
Him
Universal Pictures
$17,000,000
$27,000,000
$22,000,000
$42,000,000
$81,000,000
$69,000,000
9/19/2025
The Senior
Angel Studios
$2,000,000
$5,000,000
$4,000,000
$4,500,000
$15,000,000
$11,000,000
9/19/2025
Waltzing With Brando
Iconic Releasing
9/26/2025
Gabby’s Dollhouse: The Movie
Universal Pictures
$10,000,000
$20,000,000
$16,000,000
$28,000,000
$59,000,000
$43,000,000
9/26/2025
One Battle After Another
Warner Bros. Pictures
$15,000,000
$25,000,000
$18,000,000
$46,000,000
$82,000,000
$54,000,000
9/26/2025
The Strangers: Chapter 2
Lionsgate
$8,000,000
$13,000,000
$9,000,000
$20,000,000
$39,000,000
$22,700,000
10/3/2025
Anemone (Limited)
Focus Features
10/3/2025
Avatar: The Way of Water (2025 Re-Release)
Disney
$8,000,000
$12,000,000
$11,000,000
$10,700,000
$28,000,000
$15,000,000
10/3/2025
Bone Lake
Bleecker Street
10/3/2025
Casper (30th Anniversary)
Universal Pictures
$1,000,000
$4,000,000
$1,500,000
$2,000,000
$9,000,000
$3,500,000
10/3/2025
Good Boy
IFC Entertainment Group
10/3/2025
The Smashing Machine
A24
$15,000,000
$22,000,000
$17,000,000
$37,000,000
$60,000,000
$51,000,000

All forecasts and tracking ranges above are reflective only of how the films are trending or expected to trend ahead of release. They are not final forecasts or predictions and are subject to revision at any time based on evolving market conditions and various circumstances that are factored into our modeling.