Hershey

Angel Studios · 1h 47m

Opens Nov 25, 2026

Nov 25

Opening day. Numbers start after its first weekend.

Budget
$12.0M–$22.0M
ReelMatrix estimate
Opening forecast
$3.0M–$8.0M
ReelMatrix estimate Angel Studios Thanksgiving release
Needs to make (est.)
$28.0M–$64.2M
ReelMatrix estimate

About the film

Milton Hershey (Finn Wittrock) claws back from financial ruin to build a candy empire, and when his wife Kitty (Alexandra Daddario) falls ill she inspires a plan to give their fortune to children in need.

Show the math

Break-even

Production budget (ReelMatrix estimate)
$12.0M–$22.0M
Marketing (estimated for an independent distributor)
$7.2M–$22.0M
Total cost
$19.2M–$44.0M
Studio's share of each ticket dollar
49¢
Later: home, streaming and TV
+20¢
Break-even worldwide
$28.0M–$64.2M

Total cost ÷ 69¢ per box office dollar. That's 2.3–2.9× the budget. The studio's share blends 50¢ domestic, 40¢ international and 25¢ in China, weighted by this film's mix: 85% from the US and Canada, a ReelMatrix estimate (Angel Studios releases earn most of their money in the US and Canada (Sound of Freedom 74%, Runner 81%)).

Projection

Before release, the projection takes the middle of its opening-weekend forecast ($5.5M) times 3.4×: 2.5× (typical for a wide release), raised for a Thanksgiving release.

Domestic finish
~$18.6M
Worldwide finish
~$21.8M

Worldwide finish = domestic finish ÷ 85%, until real international numbers come in.

Verdict: Flop. How verdicts work

Sources

Budget (ReelMatrix estimate): Angel Studios period drama.

Forecasts (ReelMatrix estimate): Angel Studios Thanksgiving release.

US/Canada share (ReelMatrix estimate): Angel Studios releases earn most of their money in the US and Canada (Sound of Freedom 74%, Runner 81%).

Budgets, grosses, break-even points and profits are estimates based on publicly reported numbers. They aren't official studio financials. Verdicts are ReelMatrix's opinion. How the numbers work