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Weekend Estimates
Global Market Share
Top Canada Grosses
"Bad" is Good and Good is
Bad
It was a sort
of shock to the system that wasn't about to upset industry honchos.
Sony's Bad Boys II debuted to an estimated $47.2 million
- in a comparable league to last week's Pirates of the Caribbean
and boosted weekend revenues considerably from 2002. There was
also good news for Universal's bow of Johnny English while
New Line's How to Deal faltered in the crowded marketplace.
Whoever said
you can't have too much of a bad thing, obviously was cognizant
of the overblown, indulgent Bad Boys sequel which ramped
up the volume and mayhem of its modest precursor. Of course, its
creative bad boys had yet to prove their collective box office
muscle back in 1995 and the new film will most certainly top the
original's $67 million domestic gross in its first week of release.
The boffo
opening of BB II cements (like it needed it) producer Jerry
Bruckheimer's status as the man with the Midas touch. He may
not be the first producer to have two consecutive #1 pictures
in theaters but he's most certainly the only one to be able to
claim successive movies bowing at more than $45 million, even
if $50 million seems to be the vaunted goal this summer. His Pirates
ranked second and - unlike most summer blockbusters - only slipped
by 28%.
The flip side
was repped by How to Deal starring Mandy Moore,
the squeaky clean singing favorite of young girls. Its $6 million
weekend placed it seventh in the lineup. Its core audience was
out in force opening day but Saturday business plunged 33%, an
unusually steep erosion for any new film. Bad Boys II,
by comparison, was down 4% Saturday from its opening day box office.
While no Austin
Powers, Rowan Atkinson's Johnny English arrived
with close to $9 million and has Universal pondering whether the
film - one of the few comedies in release - might be more commercially
resilient than most of the seasonal offerings. The movie has already
collected almost $120 million internationally, so the pressure
is off domestically but every dollar in excess of $30 million
would be a feather in the cap of the studios marketing, publicity
and distribution departments.
Overall weekend
business should climb to about $150 million for a modest 3% bump
from the prior frame. However, its 25% bump from 2002 has distributors
and exhibitors upbeat that summer biz might be within 2% to 3%
of last year's record. A year ago, the second weekend of The
Road to Perdition edged out the box of Stuart Little 2
with the films respectively grossing $15.4 million and $15.1 million
and K-19 bowing to a disappointing $12.8 million.
The frame
was also active with specialized premieres with the most impressive
showing coming from Miramax's Brit acquisition Dirty Pretty
Things scoring about $100,000 from five theaters. Fox Searchlight's
winning streak seized up with the Australian musical comedy Garage
Days barely registering on a $20,000 gross from 23 locations
and Sony Rep's The Sea is Watching, based on a script by
Akira Kurosawa, was disappointing with $11,500 from five
initial venues.
Disney/Pixar's
Finding Nemo became the first 2003 release to gross more
than $300 million on Saturday. Friday sneaks of the company's
upcoming Freaky Friday quelled the animated film's modest
drops to less than 20%.
Summer has
yet to produce a hit from the American indie sector save for the
consistent niche appeal of non-fiction pics Spellbound and
Capturing the Friedmans. However, two English-language
productions from abroad that are working are Whale Rider
and Swimming Pool. In its largest expansion yet, the highly
original Kiwi Whale added 170 theaters and again registered with
$1 million plus weekend and a $7.6 million cume in its seventh
weekend. The upcoming challenge will be to continue adding playdates
and maintaining a profile for the film that, if all goes perfectly,
could result in an ultimate tally close to $20 million.
The French
Swimming Pool virtually doubled to 137 engagements and
generated close to $900,000. It could have a significant second
wave with a campaign in the vein of the "don't tell the ending"
pitch employed by The Crying Game and The Sixth Sense.
One can already see numerous print pieces struggling to avoid
spoilers in their coverage of the movie.
Following
on the heels of Daddy Day Care, both The Italian Job
and Charlie's Angels: Full Throttle are now at a box office
level that virtually demands their respective studios spend and
push to secure a $100 million domestic gross. One producer, who
requested anonymity, said he learned his lesson when he prodded
a distributor to make the extra goose.
"I was
naive," he says in retrospect. "The weekly costs after
it reached $90 million were greater than what the film was grossing.
Then, after we finally hit $100 million, there were the congratulatory
ads in the trades and every dime was charged back to the production.
I would have seen more money had we just quit at $90 million."
- by Leonard
Klady
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