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But the fourth Shrek picture was able to soften the drop, aided both by the much-smaller opening weekend (IE - more people to sample the film this weekend), as well as the relative audience disinterest in the opening pictures. The combined opening weekends of Prince of Persia and Sex and the City 2 was around $62 million, or just over half what Pirates of the Caribbean 3 made by itself over its first three days. Where the fourth Shrek picture ends up at this point is an open question, but the impressive second-weekend means that the franchise has saved a token amount of face after the comparatively disappointing opening weekend. It has now grossed $145.5 million by Monday, but it is badly trailing the prior sequels in total amount grossed by the tenth day ($133 million vs. $236 million for Shrek 2 and $203 million for Shrek the Third), and it in fact grossed less on its second Sunday ($14.9 million) than the first Shrek grossed on its tenth day ($18.1 million) nine years ago. Whether or not it can get to the $220 million plateau (so that all four of the highest-grossing Dreamworks cartoons would be Shrek pictures) will largely depend on how well it weathers the direct demo-competition of Marmaduke next weekend.
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Sex and the City 2 has pulled in $46 million in four days, and it's expected to gross $51.4 million by the end of the holiday. So the second film took five days to pull in a token amount less than what the first picture grossed in three days. Not good, especially as the sequel cost $30 million more than the original ($95 million this time around). Five-day multipliers are difficult to compare, since only two other films opened on the Thursday of Memorial Day weekend. But Indiana Jones and the Kingdom of the Crystal Skull pulled a tidy 6x multiplier, posting a $25 million opening day and a $152 million five-day haul. Terminator: Salvation posted a 4.8x multiplier over its five days. Sex and the City 2 managed just a 3.61x multiplier. It wouldn't be a ghastly figure, but the relatively low daily numbers and the apparently poisonous word of mouth meant that the franchise may just be playing to the absolute hard-cores from here on out. Expect a massive drop next weekend as well as an obscenely-low opening weekend-to-final gross multiplier. Unless the budgets can be kept under $60 million from here-on-out, this franchise is toast.
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The movie looked terrible, the reviews were lousy, and the film had no real 'wow' moments, let alone any Jack Sparrow-ish wit or Brendan Fraser-ish bemusement, to put in a trailer. And, on a final note, the relatively small opening of Shrek IV was probably the final nail in the coffin. Had more people sampled the fourth Shrek last weekend, Prince of Persia: the Sands of Time would have been the likely choice of families going to the movies over the holiday weekend. But with so many passing on Shrek last weekend, it became the de facto safe choice for general moviegoing families, leaving the way-too-expensive video game adaptation in the not-so-magic dust. As I said yesterday, Disney spent Dead Man's Chest money on a proverbial Curse of the Black Pearl, and they will pay dearly for it. I'm not the first to say this (Dave Poland of Movie City News called this back in February), but I'd imagine that Disney knew it had a turkey on its hands, which is what perhaps caused it to rush the $1 billion-grossing Alice in Wonderland onto DVD/Blu Ray in a relatively short 88 days.
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Letters to Juliet has crossed the $38 million mark, dropping just 34% in weekend three ($5.9 million over three days, $7.4 million over four). If not for the coming barrage of new releases (IE - loss of screens), the Amanda Seyfried vehicle would have a shot at $50 million. It still could get there, but in today's environment, it will have to struggle. Speaking of lethal screen loss, Date Night lost 743 screens, or about a third of its theaters, and it still only dropped 39%. At $93 million, the Tina Fey/Steve Carell hit will likely lose its chance at $100 million purely due to loss of theaters, especially as the Fox comedy will likely lose most of its screens in the two weeks to upcoming Fox pictures Marmaduke and The A-Team. Fox Searchlight's Just Wright ($18 million thus far) is suffering the same fate, losing hundreds of screens in just its third weekend. And one more tale of screen bleeding, How to Train Your Dragon lost 947 screens, many of them 3D and plunged 46% in weekend nine ($1 million in three days, $1.4 million in four). With $213 million, the film will likely surpass the $215.4 million scored by Kung Fu Panda by next weekend, but it then get wiped off the screen-count map by Toy Story 3 on June 18th.
That's all for this weekend. Join us next time when we have four new releases that absolutely no one cares about. We have - the critically-acclaimed horror picture Splice, Marmaduke, the Forgetting Sarah Marshall spin-off that no one wanted, Get Him to the Greek, and Killers, which Lionsgate has infamously declined to screened. Lionsgate often neglects to screen its new releases for critics (the Saw sequels, the Tyler Perry pictures, etc), but basically bragging about it and making light of piracy (star Ashton Kutcher will allegedly 'pirate' the first ten minutes online tomorrow) only serves to piss people off. For earlier posts regarding this Memorial Day weekend, go here and here. For a look at what happened last Memorial Day, click here, here, here, and here. For a look at Memorial Day 2008, go here, here, and here. Finally, for a look at the opening weekend of the original Sex and the City, go here and here.
Scott Mendelson
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