A three-hour documentary has claimed the top spot at the Wednesday box office.

A24’s You Can See Everything, featuring Nathan Fielder and Theranos founder Elizabeth Holmes, is estimated to have earned $2.3 million for the day. The result puts the film’s projected five-day total at $23.1 million.

Directed by Fielder and Lance Oppenheim, the documentary has been trading places with Paramount, Legendary and Capcom’s Street Fighter throughout the week. It led Monday with $2.57 million, ahead of Street Fighter at $1.9 million, but fell to second on Tuesday as discounted tickets helped the action film win by $2.8 million to $2.6 million.

Street Fighter is expected to add another $1.7 million Wednesday, bringing its running domestic total to approximately $37.2 million.

The weekday performance extends an overachieving theatrical run for You Can See Everything. Made for less than $10 million, the Gen Z-skewing documentary opened at No. 2 with $15.6 million after forecasts had placed it in the high-single-digit range. Following Monday’s business, its North American total stood at $18.1 million.

Its first Monday also compared favorably with other recent releases aimed at younger audiences. The $2.57 million result topped the $2.05 million first Monday for Markiplier’s Iron Lung, although it trailed Obsession at $2.9 million and A24’s Backrooms at $7.6 million.

A Wide Expansion Sets Up a Box Office Battle

The next test will come when You Can See Everything expands to at least 2,600 theaters this weekend. Current expectations have it delivering a second weekend in the mid-to-high teens or better, putting it within range of the new DC genre release Clayface.

The race remains too close to call. Advance sales currently point to more than $20 million for Clayface, though projections among major theater circuits have ranged from $18 million to the mid-$20 millions. A24 can also add further showtimes for the documentary before the weekend.

Ticket pricing and promotional reach favor Clayface. EntTelligence lists its average general ticket price at $14.65, compared with $12.88 for You Can See Everything. The DC film’s in-theater campaign has generated 34.1 million impressions, far ahead of the documentary’s 2.3 million.

The James Watkins-directed, R-rated Clayface begins previews at 2 p.m. Thursday and will play at 3,400 locations Friday, including Dolby Cinema, premium large-format screens and Motion Seats. It carries a 75% certified-fresh Rotten Tomatoes score, compared with 63% for The Flash and 52% for Supergirl.

Internationally, Clayface is opening in 76 territories, including France, Korea, Germany, Italy, Australia, Brazil, Mexico, Spain and the U.K. Its overseas outlook is $20 million to $25 million, which could produce a global debut above $45 million. By comparison, Supergirl opened to $30 million across 77 foreign territories, including Japan and China.

Other New Releases Enter the Mix

Fathom Entertainment’s release of Laika’s Wildwood could earn between $12 million and $15 million from 2,718 U.S. theaters. The stop-motion animated feature, directed by Travis Knight, follows a girl attempting to save her baby brother inside a forbidden forest populated by enchanted creatures, allies and dangerous adversaries. Heading into the weekend, it holds a 100% critics’ score and 98% audience score on Rotten Tomatoes.

Black Bear is releasing the Topic Studios period sex comedy Wicker in 1,471 theaters, with a possible $5 million debut. Olivia Colman plays a fisherwoman who asks a gifted basketweaver, played by Peter Dinklage, to create a wicker husband. Alexander Skarsgard plays the husband. The Sundance acquisition enters theaters with a 95% certified-fresh score.

Sony, Spyglass and TSG’s Klara and the Sun will begin in approximately 850 to 890 locations, with low-single-digit earnings expected. Directed by Taika Waititi and starring Jenna Ortega, the science-fiction dystopian story concerns an AI robot who befriends a dying young girl. Sony places the movie’s net cost at $20 million. It holds a 27% Rotten Tomatoes score from 33 critics.

Bleecker Street’s A Talent for Murder is also targeting a low-single-digit result from 876 locations. Directed by Anton Corbijn and starring Helen Mirren and Olivia Cooke, the thriller follows a mysterious young man sent by a New York publisher to Switzerland to persuade novelist Patricia Highsmith to write one final installment of the Ripley anthology. The film, which world premiered at TIFF, has an 84% score from 32 reviews.

ShowBiz Take

You Can See Everything matters because its three-hour running time and initial launch on fewer than 1,000 screens have not prevented it from competing directly with larger genre titles. Couples account for 44% of its audience, and its expansion gives A24 a credible chance to challenge Clayface rather than simply hold onto second place.

The closest comparison offered by its rollout is 2006’s Borat, which opened with $26.4 million from 837 locations before expanding to 2,566 theaters and rising 7% to $28.2 million in its second weekend. Whether the Fielder-Holmes documentary can produce a similar expansion surge remains uncertain, but its Wednesday victory keeps that possibility firmly in play.

What Happens Next?

The decisive numbers will arrive after You Can See Everything widens to 2,600 theaters and Clayface begins previews. With one film carrying stronger presales and a much larger campaign, and the other continuing to outperform expectations, the weekend’s No. 1 position remains open.