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The List
With a summer where the well-reviewed movies were big hits (Iron Man, Wall-E) and the few bombs or disappointments were more or less panned (Speed Racer, The Love Guru, The Happening), it pays to remember that more often that not, critics do not affect opening weekend for the general masses. Opening weekend is about marketing, awareness, and blind interest in a particular movie.
On that note, Hancock gave a giant middle-finger to critics and pundits by grossing a more than solid $62.6 million over the Friday-Sunday portion of the long weekend, closing out it's opening 5.5 days with just under $104 million. This is the fourth-largest July 4th opening behind Spider-Man 2 ($88 million 3-day, $150 million five-day), Transformers, and War Of The Worlds. Even if word of mouth is toxic and the competition proves too heavy, the film is still a lock for $200 million domestic. In general, July 4th releases do anywhere from 22% to 29% of their total in their opening Friday-Sunday portion. Even if Hancock did 30% of its final over the opening weekend, that's still $208 million (25% = $250 million, which is not likely).
This is also Will Smith's second-largest three-day take, second only to last Christmas's fluke I Am Legend, which made $77 million off a perfect storm of factors that should not be considered the norm (good reviews, terrific trailers, best release date of the year, no competition, curiosity surrounding The Dark Knight trailers). I Am Legend eventually ended up with $257 million. If Hancock comes anywhere close to that, Will Smith could be setting himself up as a target in the future when his grosses return to their normal levels ($140-170 million). Come what may, this is a terrific number for an unfairly maligned film.
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Get Smart ended weekend three with $98.1 million (couldn't Warner found an extra $2 million somewhere?) and is still holding steady. This one cost $80 million, but some of that and alot of the marketing costs were paid for by product plugs and various tie-ins.
The Incredible Hulk... ok, you know where I'm going with this. One more time -
-Current gross - $125 million.
-Probable Final Domestic gross of Hulk 2.0 - $140 million. Budget of Hulk 2.0 - $160 million.
-Actual Final Domestic gross of Hulk 2003 - $132 million. Budget of Hulk 2003 - $130 million.
-Inexplicable decision to spend more money for a sequel than the massively disliked original grossed, then being astounded as said sequel loses more money than the original. Priceless! Nice work Marvel.
Still, I wonder if the only reason that Warner Bros. spent the money for the wide-release was to deflect (false) charges of studio sexism leveled by Deadline Hollywood's Nikki Finke Late last year, WB honcho Jeff Robinov made statements basically blaiming the failures of The Reaping, The Invasion, and The Brave One on the lack of interest in female-driven movies. Whether that was a fair assessment (not really, all three movies were terrible with troubled production histories), and whether the executives harbor sexist attitudes (certainly probable), the WB slate speaks for itself. Yes, that's right, the studio that brought you The Brave One, The Invasion, The Reaping, Sex & The City, Kit Kittredge: An American Girl, Sisterhood Of The Traveling Pants 2, He's Just Not That Into You, and The Women is sexist at the core!
Scott Mendelson
1 comment:
Great analysis! Enjoy reading your work, and look forward to reading more of it in the future.
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