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High School Musical 3: Senior Year: $85 million. The general predictions are $40 million. I think they're way off (and Box Office Prophets agrees with me). Make no mistake, the above is a cautious estimate based on the math. The first two movies have been rented or viewed on The Disney Channel by something around 50 million people since 2005. The second film scored a whopping 17.2 million viewers on its debut evening back in August, 2007, by far the biggest audience in basic cable history (at $7 a ticket, that would have equaled $120 million). The franchise has sold hundreds of millions (billions?) of dollars worth of merchandise and tie-in product over the last few years. For better or worse, this is Grease of the present youth generation. If cult musicals like Mamma Mia and Hairspray can do $30 million, then the sky is the limit for this one.
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$45,561 per screen (obviously not going to happen, but for comparison): $165.1 million
$22,760 per screen (50% off; below the top 25 all-time per screen averages): $82 million
$15,187 per screen (only 33%): $55 million
So basically, at worst it does $55 million and butchers the previous October opening weekend record (Scary Movie 3 - $48 million in 2003). But if it even approaches the per-screen average top-20, we could get something dangerously close to a $100 million weekend.
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Although this is the definition of a critic-proof hit, the few reviews that have trickled out have so far been positive, giving grownups the possible excuse needed to check it out without kids. A huge percentage of kids who saw the first two will be in the theaters this weekend. A decent amount of kids who have not seen the previous entries will be there, perhaps going with friends, or just wanting to see a (somewhat) big budget, super colorful musical. Older teens and adult women have read all about the teen stars, especially Efron and Tisdale, in their various gossip rags so awareness is covered there. And if you're a parent who just wants to take the kid to the movies and Saw V is sold out, well, it's gotta be better than Beverly Hills Chihuahua, right? Unless you're a male teen without a girlfriend (see your movie choice below) or too old for G-rated confections, you're pretty much a targeted quadrant this weekend.
So, with everything factored in, it's just a matter of how big this will be. I've been wrong before (The Dark Knight, Mars Attacks!), and I've been right when everyone else was wrong (The Mummy, Pearl Harbor). We'll see which column this goes in on Saturday morning. Let's call it at $85 million. I'd 'bet on it'.
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Putting that aside, the series isn't exactly basking in audience goodwill at the moment. The fourth film was pretty terrible, probably worse than the first film (I'm weird in that I prefer 2 and 3 to the original). The lead character is now definitively dead, so who knows how Tobin Bell is going to return this time? The poster boasts 'you won't believe how it ends', but I'm not sure implausibility is something you want to be boasting about.
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We'll see if my pie in the sky HSM3 prediction pans out. For the record, if the HSM3 numbers are more earthbound, that doesn't mean the film is a 'disappointment', only that I was off the mark. Updates on Saturday if there is anything out of the ordinary.
Scott Mendelson
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