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Weekend Estimates
Market Share
Top Domestic Grosses
Not With a Bang
Summer 2003
eased out with MGM's debut of Jeepers Creepers 2 leading
into fall with an estimated $18.2 million for the four-day holiday
finale. The sequel bowed with a roughly 15% higher gross than
its predecessor and gave the long weekend a slight boost from
Labor Day 2002.
The season
traditionally winds down as fall semesters kick in and this year
was no exception. Distributors are loathe to open anything other
than a genre movie as occurred a year ago when the sole national
release was Warner Bros.' feardotcom that squeezed into
fifth position with $7.1 million. Jeepers 2 and a handful of regional
and exclusive debuts should generate about $125 million in ticket
sales to reflect a 6% hike from last year and a slight 1% drop
from seven days earlier.
Overall business
reflected a viewing status quo with the exception of a couple
of niche titles that are expanding well, including Thirteen,
American Splendor and, in the current upbeat non-fiction environment,
Step Into Liquid. Otherwise, the chief talking point of
the frame was that four summer titles crossed into the vaunted
$100 million box office club - Charlie's Angels: Full Throttle,
Seabiscuit, S.W.A.T. and The Italian Job which was
specifically reissued to that end.
In the coming
weeks, both American Wedding and Freaky Friday will
also pass $100 million domestically for a tally of 17 seasonal
titles including five that grossed more than $200 million. While
the number of films performing at that level or better is a record,
the box office itself hasn't markedly improved (final figures
notwithstanding) from past years and that means admissions have
actually declined.
Again, a final
scrutiny may provide a better perspective but an initial scan
suggests that while more films have become popular successes,
summer 2003 appears to have also generated a record number of
films that failed to spark public interest. The mainstream industry
has evolved into a business of hits and misses and the prospect
of building a film into a modest success doesn't fit into the
equation. That scenario occurs almost never by design and in rare
instances by happenstance.
Innovation, a company with a soft spot for family films, did a
63 screen break in Dallas, Atlanta, Phoenix and Salt Lake on the
New Zealand movie The Legend of Johnny Lingo and generated
an OK $140,000 gross. Not nearly on the crowd pleasing level of
Whale Rider, it will probably roll out to secondary markets
prior to video release.
The frame
also saw the launch of the Sundance series with The Other Side
of the Bed from Spain. The comedy generated an unimpressive
$35,000 from nine locations and, as with the similarly conceived
Shooting Gallery series, will likely rise and fall on the qualities
of its initial four selections. Sony Classics' Once Upon a
Time in the Midlands faired a bit better with an estimated
$30,000 at six theaters and Lions Gate's social drama Civil
Brand had a $120,000 box office at 35 sites.
The
Slimmer Summer
Summer, in
the film industry, is only partially tied to the calendar. While
the potency of 2003 won't change markedly based upon where one
puts the boundaries of the season, it's worth noting the current
options.
The traditional
summer (long since abandoned by those in the biz) used to begin
on the Memorial Day weekend and run through to Labor Day. However,
in the past decade, distributors have successfully jump started
the season by getting an edge on the competition by bowing much
anticipated fare a week early and then a week earlier than that
to the point where many now consider the first weekend of May
to be the start of the movie summer.
What has not
transpired is an extension of the season and, if one applies the
former logic, one has to conclude that the back end has retreated.
In the real world, school terms have been realigned to the point
that there are very few areas of the country that commence fall
sessions post-Labor Day. There is an enduring psychological sense
of a new season beginning in September but, for practical reasons
and viewing trends, summer movie business comes to an end around
the second weekend of August.
The coming
days will bring an assault of summer box office wraps with wildly
different numbers because each pundit has his own sense of the
season. I've been wrestling with redefining it but frankly time
ran out before I could give it the time to reassess and configure,
so my summer will begin one week before Memorial Day and conclude
with the past weekend.
The thorniest
aspect of changing the time frame is finally that a true comparison
with prior years cannot be done with a comparative calendar. The
release trends of 2003 do not conform with those of 1997 and most
certainly bear virtually no resemblance to 1989, the seminal summer
that changed the movie going businesss.
- by Leonard
Klady
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