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Los Angeles Premiere Of Walt Disney Animation Studios' "Moana 2"
The LA premiere of "Moana 2" (Jesse Grant/Getty Images for Disney)

“Moana 2” leads America’s biggest Thanksgiving weekend box office ever

Alongside “Wicked” and “Gladiator II,” the blockbuster trio delivered unprecedented results at US movie theaters over the last five days.

When it comes to the postpandemic US box office, there’s seemingly no limit to how much a movie can flop... and when there’s a hit? Well, in the words of Disney’sMoana,” no one knows how far it’ll go.

America’s box office has just enjoyed its highest-grossing Thanksgiving five-day weekend ever, as reported by Deadline, accruing more than $400 million domestically — surpassing the previous record of $315 million set in 2018 for the Wednesday-through-Sunday period. These figures have been largely driven by the success of a trifecta of major movies: approximately 30 million people saw “Moana 2,” “Wicked,” and “Gladiator II” in US theaters over the weekend (though if the portmanteau “Glicked wasn’t snappy enough, “Glickoana” stands little chance of catching on). 

Individually, these films are hits in their own right. Having earned $221 million domestically, “Moana 2” now has the highest-grossing five-day opening for a movie — smashing the $204.6 million record set by “The Super Mario Bros. Movie” last year — as well as for the Thanksgiving weekend overall; “Wicked” is now the highest-grossing movie based on a Broadway musical, after bringing in $263 million. But together, the three movies have harmonized to create “a national phenomenon,” per AMC CEO Adam Aron.

Thanksgiving box office
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Keeping in tune

Perhaps most remarkable about the watershed weekend is that these massive takings have come from far fewer total movie releases than in previous years. According to Box Office Mojo data, just 25 movies were released over the Thanksgiving period this year, working out as a ~$16.6 million gross per release on average. The next highest-grossing Thanksgiving weekend in 2018 saw 64 movies released, averaging a ~$5 million gross each. 

Still, the three big Thanksgiving blockbusters will likely keep people in seats for weeks to come, with little competition in their respective genres slated until mid-December. Beyond this, being in the sing-along bracket also bodes well for longevity: many of America’s most-streamed movies are wholesome family musicals, and, after AMC warned audiences against singing along, theaters are now offering interactive versions of “Wicked” for the belters among us.

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Netflix is staffing up an apparent AI animation studio called INKubator

According to several public job listings, streaming giant Netflix appears to be building a GenAI animation studio called INKubator.

First reported by journalist Janko Roettgers in the Lowpass newsletter, INKubator seems to have launched in March and aims to “develop feature-quality content in a creator-led environment.”

As Lowpass reports, INKubator appears focused on AI-generated short-form animation, but listings imply ambitions toward longer-form content. Netflix didn’t immediately respond to a request for comment.

INKubator wouldn’t be Netflix’s first foray into AI. Back in March, it acquired Ben Affleck’s AI filmmaking startup InterPositive — which trains on individual films’ already-shot footage — for as much as $600 million depending on certain targets.

Netflix’s potential future AI-generated animations could be served to an increasingly ad-packed streaming service. At Netflix’s Upfront presentation on Wednesday, the company said its ad-supported tier has now reached 250 million subscribers globally, up 31% from November.

As Lowpass reports, INKubator appears focused on AI-generated short-form animation, but listings imply ambitions toward longer-form content. Netflix didn’t immediately respond to a request for comment.

INKubator wouldn’t be Netflix’s first foray into AI. Back in March, it acquired Ben Affleck’s AI filmmaking startup InterPositive — which trains on individual films’ already-shot footage — for as much as $600 million depending on certain targets.

Netflix’s potential future AI-generated animations could be served to an increasingly ad-packed streaming service. At Netflix’s Upfront presentation on Wednesday, the company said its ad-supported tier has now reached 250 million subscribers globally, up 31% from November.

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Saleah Blancaflor

Netflix confirms a “KPop Demon Hunters” world concert tour is on the way

Netflix has a “Golden” mine and it's digging deeper.

At its fourth annual TV Upfront presentation on Wednesday, Netflix President of Advertising Amy Reinhard announced a partnership with AEG Presents to create a “KPop Demon Hunters” world tour that will bring the phenomenon to life.

In March, Bloomberg previously reported Netflix was planning a global world tour sometime next year ahead of the sequel in arenas that would hold 10,000 to 20,000 fans, though the news had not been confirmed by the company nor had a partner been in place at the time. 

“KPop Demon Hunters” is Netflix’s most watched film of all time, racking up 481.6 million views globally during the second half of 2025. Since its release, the HUNTR/X trio of Ejae, Audrey Nuna, and Rei Ami has appeared and performed at several major events including late-night talk shows, award ceremonies, and most recently at Coachella, where they were a surprise guest for Katseye. It hasn’t been confirmed whether the trio will be on the tour.

The announcement of the tour comes after Netflix co-CEO Ted Sarandos shared in a recent blog post that the company spent $135 billion on licensing and original film and TV over the last 10 years.

This year, Netflix has a projected content spend of $20 billion, up 10% year over year, while its annual revenue forecast is between $50.7 billion and $51.7 billion. The streaming giant has brought in more than $46 billion in profit over the past decade.

Netflix said more details around cities and tickets for the concert tour are expected to come out later this year.

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