Formula 1 News: “F1” movie has bigger 2nd week than 1st week

After grossing $140 million in the first week of its release, “F1” has generated $293 million at the global box office after 10 days of release.

It is easily Apple film’s biggest movie to date.

After Apple siphoned off a string of commercial misfires (with budgets at or above $200 million, neither “Killers of the Flower Moon” nor “Napoleon” were in danger of turning a theatrical profit), “F1” was considered an inflection point for the tech giant. There was a growing internal sense that if a crowd-pleaser like “F1” didn’t work on the big screen, Apple would be better off abandoning the movie business in favor of television said Variety Magazine.

After all, the company has fielded plenty of small screen successes on AppleTV+ including “Severance” and “Ted Lasso.”

“F1” cost more than $250 million to produce and roughly $100 million more to market, which means the movie will require more weeks of strong showing to turn a profit. But these ticket sales, which are encouraging for any adult-skewing original film.

The film landed in theaters in late June with $57 million domestically and $146 million worldwide, easily handing Apple its biggest opening weekend to date. Positive word-of-mouth should contribute to the movie’s staying power, even as “F1” endures strong headwinds from “Jurassic World Rebirth” and upcoming blockbuster hopefuls like “Superman” and “Fantastic Four:

“F1” has been a huge draw on premium large format screens. So far, IMAX alone has fueled $60 million globally, accounting for 20.4% of the film’s worldwide total.