Reading Cinemas posted a record single-day box office performance and single-day food and beverage revenue in November as audiences flocked to 'Moana 2', 'Wicked' and 'Gladiator II'.
Disney's 'Moana 2' has taken $12.3 million at the Australian box office over the weekend making it the highest grossing animation of all time behind 'The Simpsons' (2007) and 'Shrek 2' (2004).
'Wicked' has stormed the box office with $10.2 million in its opening five days, making it the biggest opening weekend for an adaptation of a stage musical.
Ridley Scott's Roman epic 'Gladiator II' has taken $6.95 million over the weekend to top the local box office.
Australian films have captured around 4.7 per cent of the local box office over the year to date but a lack of big name local features in the lead-up to Christmas is likely to see it close the year significantly down at 3-4 per cent.
Dwayne Johnson's 'Red One' has opened in the top spot at Australian cinemas, grossing $2.08 million over the weekend.
With no major new releases over the weekend, comic book movie 'Venom: The Last Dance' held top spot at the local box office, earning $2.73 million.
IF spoke to distributors ahead of this year's Australian International Movie Convention, which wraps up this week on the Gold Coast, about their views on local films potential to improve box office performance.