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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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‘Elvis’ Opens to $30.5 Million, Still in Virtual No. 1 Tie With ‘Top Gun 2’ at Box Office

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thewrap.com

“Elvis”‘ opening of $30.5 million is on the top end of pre-weekend projections, with Warner Bros. reporting strong turnout from Elvis Presley’s home state of Tennessee with theaters in Arizona, Oklahoma and Texas joining the usual Los Angeles and New York theaters in the top 10 highest grossing locations for the film.

In addition, “Elvis” has been successful in bringing older audiences back to theaters, as Warner Bros. reported on Saturday that 43% of the film’s opening day crowd was over the age of 50.

With an A- on CinemaScore and strong audiences scores of 94% on Rotten Tomatoes and 88% positive on Comscore/Screen Engine’s Postrak, “Elvis” will need to turn that strong word-of-mouth into continued turnout among older moviegoers to turn a profit as the film has a reported $85 million budget before marketing. “Top Gun: Maverick,” meanwhile, is on the doorstep of hitting $1 billion worldwide.

The $30.5 million result for the film’s fifth weekend brings the domestic total for Tom Cruise’s biggest box office hit ever to an estimated $521 million, making it only the second Paramount release alongside “Titanic” to hit the $500 million domestic mark.

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