Sunday, March 4, 2012

Weekend Box Office Report: "Lorax" A Monster, "Project X" Also Impressive...

Box office surged from last year for the ninth weekend in a row...



As expected, Dr. Suess' The Lorax took the top spot, but it did much more than that.  The animated adaptation of the childrens' author's classic book earned a huge $70.2 million, for a per-theater average of a mammoth $18,830 from around 4,100 screens at 3,729 theaters (with 52% of business coming from 3D showings).  One word that describes this number: WOW!  And it also snagged a whole bunch of records, with 2011's biggest opening being only the least of them.  The film opened higher than Despicable Me ($56 million) to become Illumination Entertainment's largest opening yet, as well as distributor Universal Pictures (who is having a fantastic 100th year of business so far) fourth-highest debut of their history, as well as the biggest opening ever for a computer-animated film that is not from Pixar or DreamWorks.  It is also the ninth-biggest opening for an animated film as well as the third-biggest March debut (behind Alice in Wonderland and 300).  Considering the fact that no original animated movies have opened above $50 million since mid-2010, this is an enormous win for both the industry and distributor Universal, who produced the film for just $70 million and had originally forecasted an opening in the low 40's millions.  Despite mixed critical reception, audiences gave the film a great "A" CinemaScore grade, and with no new animated films until the end of April, this is going to be a massive hit.

The other new release, Project X, also was impressive in second place, with $21.1 million for a per-theater average of a fine $6,891 from 3,055 theaters.  True, that was short of Chronicle's $22 million start and behind The Devil Inside's $33.7 million debut, but, considering it was much different in nature, its' still a pretty strong start.  The director behind The Hangover kept the budget small as distributor Warner Bros. paid just $12 million to produce the film, and had forecasted an opening in the high-teens millions.  Audiences gave the film a "B" CinemaScore.

After pulling the top spot last weekend, Act of Valor slid to the third spot, and held OK with a 45% ease to $13.6 million, for a solid $45.1 million gross in 10 days.  Safe House holds onto the fourth spot, and stabilizes with a Top 10-best 32% ease to $7.4 million, for a $108.4 million gross in 24 days, and it became the years' second film to cross the $100 million barrier on Wednesday.  Good Deeds fell from second to fifth and dropped 55% to $7 million, for a $25.8 million gross in 10 days.  While steep, the drop was actually the second-strongest in Perry's career.

With Lorax out for family audiences, Journey 2: The Mysterious Island retreated to sixth place after being in the third spot for three straight weekends.  The adventure sequel fell 51% to $6.5 million, for a $85.2 million gross in 24 days.  It is still heading for around the same as the original Journey's final $102 million gross.  The Vow slid to the seventh spot, but held better with a 39% ease to $6 million, for a $111.6 million gross in the same amount of time.  The romantic drama should go past the $120 million mark by the time it leaves theaters.

This Means War jumped ahead of Ghost Rider: Spirit of Vengeance this weekend, as the action romance comedy held well in its' third weekend with a 34% ease to $5.6 million, for a decent $41.4 million gross in 17 days and slotting in eighth.  The Nicolas Cage sequel followed with a 50% drop to $4.6 million, for a mediocre $44.8 million gross in the same amount of time.  Wanderlust rounded out the Top 10 with a 41% ease to $3.8 million, for a mediocre $12.5 million gross in 10 days, and will likely close just north of $15 million stateside. (when actuals were reported, The Artist earned $3.6 million and 11th place following its' Best Picture win at the Oscars).

Overall box office was up a whopping 25% from last year when animated western Rango debuted on top with $38.1 million, on par with expectations.  Winning this year's Oscar for Best Animated Feature, the Johnny Depp-starring flick would go on to gross nearly $125 million stateside and nearly $250 million worldwide.  Matt Damon action flick The Adjustment Bureau opened in second with a solid $21.2 million, on its' way to over $60 million stateside and nearly $130 million worldwide.  Teenage romance Beastly, an older update of Beauty and the Beast, debuted in third with a good $9.9 million, on its' way to close to $30 million stateside.  Holdovers Hall Pass and Gnomeo and Juliet rounded out the Top 5 with 35% and 46% drops to $8.9 million and $7.2 million.  The other new release, 80's remake Take Me Home Tonight, was a disaster, landing in 11th place with $3.5 million.

Here is the final Top 10:

#       Movie                                                                          Final Numbers        Studio Estimates        My Predictions

1       Dr. Suess' The Lorax                                              $70,217,070          $70,700,000         $43,000,000
2       Project X                                                                  $21,051,363          $20,775,000         $24,000,000
3       Act of Valor                                                             $13,572,578          $13,700,000         $15,000,000
4       Safe House                                                                $7,390,935            $7,200,000           $6,500,000
5       Good Deeds                                                              $7,047,061            $7,000,000           $7,000,000
6       Journey 2: The Mysterious Island                        $6,547,374            $6,925,000           $7,300,000
7       The Vow                                                                    $6,011,147            $6,100,000           $5,500,000
8       This Means War                                                      $5,561,323            $5,625,000           $5,000,000
9       Ghost Rider: Spirit of Vengeance                          $4,545,637            $4,700,000           $4,500,000
10     Wanderlust                                                               $3,843,840            $3,800,000                ---