Showing posts with label Box Office (Midnight). Show all posts
Showing posts with label Box Office (Midnight). Show all posts

Friday, March 8, 2013

Oz: The Great and Powerful earns $2 million at 10pm/midnight.


Let's do the quick midnight math, shall we?  Sam Raimi's Oz: The Great and Powerful earned an impressive $2 million at 10pm/midnight last night.  Now this isn't a geek-friendly comic book sequel or young-adult literary property in the vein of The Hunger Games, so midnight frontloading should be pretty limited.  That's a bit less than the $3.5 million earned by Alice In Wonderland and larger than the $1.6 million earned by Snow White and the Huntsman.  If we were talking about Thor 2: The Dark World, a $2 million 10pm/midnight number would mean around $40 million for the weekend, with an expected 5% of the weekend represented in advance showings, with potential for even harsher front-loading   But for a 'normal' movie, we're usually looking at between 2% and 4% representing the midnight number.  And let's be honest, this thing is going to explode on Saturday if only due to the lack of family films in the marketplace.  So offhand I'd wager a 3% 10pm/midnight take for a $66 million Fri-Sun debut, as Alice in Wonderland also did 3% of its $116 million weekend at midnight (as did Snow White and the Huntsman in a $56 million debut).  But the lack of family fare could mean an even bigger growth during weekend matinees and the film arguably has less 'must see now' factor due to the fact that Burton is a more mainstream name than Raimi.  So let's just call it 2.5% at 10pm/midnight for a $80 million weekend take.  But don't be too surprised to see it flirting with $100 million by Sunday.

Scott Mendelson  

Friday, December 14, 2012

Midnight movie math: The Hobbit earns $13 million.

Initial reports show that The Hobbit: An Unexpected Journey earned $13 million from 3,100 screens at 12:01am last night, setting a record for December and surpassing the respective $8 million midnight gross earned by The Lord of the Rings: Return of the King way back in December 2003.  It opens wide on over 4,000 screens consisting of 2,000 different viewing options today.  Of course, said figure was nine years ago and without the 3D/IMAX ticket-price bump, but that's for another day.  What this looks like for the weekend is pretty simple.  The "prequel" is arguably heavily anticipated by hardcore-but less anticipated by the general moviegoer.  I was at the midnight showings for The Two Towers and Return of the King, but nine years later, I'm merely catching an after-work screening with a friend, as much to see the 48 fps as see the film that I'm not all that excited for.  Obviously some of that is me merely being an adult with a family and various adult responsibilities (four years ago, I ended up waiting until Saturday afternoon of its five-day opening weekend to see Indiana Jones and the Kingdom of the Crystal Skull), but part of that is merely the fact that this new film is squarely pitched to the hardcore fans.  That's not a bad thing, it just means that the midnight screening (and opening Friday) will be more front loaded than the prior Lord of the Rings pictures.  So we're looking at a midnight-to-weekend percentage of 14-20%, with a possibility that potential bad word of mouth (obviously speculative here) gives us a multiplier closer to the 22% of the latter Harry Potter/Twilight pictures.  Realistically, The Hobbit is looking at an opening weekend of between $65 million and $93 million, with an off-chance of massive front loading giving the film something akin to a $59 million opening weekend.  So let's be realistic and give it $80 million for now.  

Scott Mendelson

Friday, November 16, 2012

Midnight box office: Twilight Saga: Breaking Dawn 2 earns $30.4 million in Thursday 10pm and 12:01am showings.

The bad thing about the incredibly consistency of The Twilight Saga is how little there is to add when the box office numbers come rolling in.  This fifth and final installment racked up another $30.4 million in midnight and Thursday 10pm showings.  Now on one hand, it's right in line with the $30.25 million that Breaking Dawn part I earned at midnight and the $30.1 million that Eclipse snagged 2.5 years ago at midnight.  It's also a token uptick from the $26 million that New Moon earned at 12:01am this weekend back in 2009.  On the other hand, one has to wonder what effect the 10pm showings had on the figures.  It would seem that they had little effect, as there weren't too many people such as myself who are too old to do midnight showings but can handle a 10pm screening.  Anyway, what this means is that we may not be seeing much of a 'series finale' uptick as might have been expected.  Point being, we're looking at a debut between $138 million and $166 million, depending on if it was as frontloaded as Breaking Dawn part I (likely - 21% of the weekend gross at midnight) vs. New Moon (unlikely, - 18% of the weekend gross at midnight - save for potential repeat viewing over the weekend by uber hardcore fans).  Of course, presuming there is no finale bump and the film is even more frontloaded, then we're looking at 23% of the gross already accounted for with around $132 million for the weekend.  If it ends up as frontloaded as Harry Potter and the Deathly Hallows part II (25% of its weekend at midnight), then Twilight 5 ends the weekend with $121 million.  No matter where it lands in this spectrum, The Twilight Saga goes out with its financial head held high.

Scott Mendelson

Friday, November 9, 2012

IMAX and midnight box office: Skyfall has $4.6 million so far. Can 007 top $100 million for the weekend?

While I am all in favor of major films doing advance IMAX-only releases, MGM and Sony's decision to open Skyfall a day early in IMAX makes the numbers a little tougher to analyze.  For the record, the 23rd official James Bond adventure earned $2.2 million on Thursday playing in 463 IMAX engagements.  The only real plausible comparison is Mission: Impossible: Ghost Protocol which opened five days early on 425 IMAX screens and earned $4.1 million on its first Friday of such play.  In addition, Skyfall earned another $2.4 million in wide-release midnight showings (a large chunk of its 3,500 screens), bringing its gross to $4.6 million before 'regular business hours'.  That extra day of IMAX-only play, along with the fact that Monday is a holiday for most schools and many businesses, makes the math a little more speculative, but no one said this is an exact science, so let's dive in!  


Tuesday, July 3, 2012

Midnight box office: The Amazing Spider-Man earns $7.5m at 12:01am. Will it fall closer to $112m or $155m by Sunday?

The official numbers are in, and The Amazing Spider-Man is off to a decent if-not amazing start.  The reboot earned $7.5 million in midnight screenings.  $1.2 million of that came from IMAX alone, giving each IMAX theater a $4,000 per-screen average.  For comparison sake, Spider-Man 3 debuted with $10 million worth* of midnight showings five summers ago.  While said threequel debuted on a Friday as opposed to Tuesday, it also was in the middle of the school year and didn't have the benefit of 3D ticket prices and expanded IMAX opportunities.  To be fair, there wasn't nearly as much 'rush out and see it' factor this time around, as it wasn't a sequel to a popular series and didn't have the debut of a fan-favorite villain (Venom, natch).  As it is, $7.5 million is the same midnight number that Iron Man 2 pulled in two years ago on its way to a $128 million Fri-Sun total.  But it's difficult/unfair to compare Fri-Sun openings with extended week openings, so let's look at more relevant stats.


Friday, June 8, 2012

Midnight box office: Prometheus earns $3.56 million at 12:01am. Weekend looks to be around $64 million.

For the first time since The Avengers, a major summer movie has landed where its midnight grosses are actually somewhat relevant.  The hotly anticipated Prometheus, Ridley Scott's kinda-sorta prequel to Ridley Scott's Alien earned $3.56 million in midnight screenings last night.  The math is pretty easy on this one.  It's basically being viewed as a geek-centric sequel/prequel and thus falls into the same boat as heavily anticipated and somewhat niche geek properties.  As such, we're looking at the film having earned between 3.5% and 6.5% of its weekend gross just last night.  That gives Prometheus a probable opening weekend of between $53 million and $100 million.  Realistically speaking, a 5.5% figure is probably where it ends up, giving the $130 million science-fiction thriller a terrific $64 million for the weekend.  Obviously we'll know more in about 10-12 hours.

Scott Mendelson

Friday, May 4, 2012

Midnight box office math: The Avengers earns $18.7m at 12:01am. Weekend gross between $93m and $283m!

The unofficial midnight gross for Marvel's The Avengers is $18.7 million.  That's the eighth-biggest such midnight haul on record.  The seven ahead of it are The Hunger Games ($19.7 million), Harry Potter and the Half-Blood Prince ($22 million), Harry Potter and the Deathly Hallows part I ($24 million), The Twilight Saga: New Moon ($26 million), The Twilight Saga: Eclipse ($30 million), The Twilight Saga: Breaking Dawn part I ($30 million), and Harry Potter and the Deathly Hallows part II ($43 million).  Obviously The Avengers was never going to top the midnight-grossers list, and its worth noting that the film earned more on its midnight debut that pretty much every prior Marvel Studios movie combined (Offhand, Thor earned $3.5 million, Captain America earned $4 million, and Iron Man 2 earned $7.5 million in their respective midnight debuts).  It's a larger midnight, just barely and likely due to inflation and the 3D-price bump, then The Dark Knight, which broke a midnight record four years ago with $18.5 million on its way to a $67 million opening day and a $158 million opening weekend (both records at the time).  Unless the film is front-loaded on the level of a Harry Potter sequel or a Twilight sequel, we're looking at a $140-160 million debut here.  But is the three-day record still in play?  Let's whip out the calculator!

Friday, March 23, 2012

Midnight Box Office (03/23/12): Hunger Games scores $19.75m at 12:01am.

First and foremost, The Hunger Games earned a robust $19.75 million at midnight screenings alone, besting a record for a non-sequel and the seventh-biggest midnight haul of all-time.  It earned more than the $18 million midnight gross of The Dark Knight back in 2008 and the $17 million midnight haul of Star Wars Episode III: Revenge of the Sith back in 2005. It is the biggest midnight gross for any movie not called Harry Potter or Twilight (Harry Potter 6: $22m, Harry Potter 7.1: $24m, Twilight: New Moon: $26m, Twilight: Eclipse and Breaking Dawn I: $30m, Harry Potter 7.2: $43m).  If this film were like any normal picture (between 4.5% and 6.5% of its weekend at midnight), we'd be looking at a $300-$400million+ opening weekend.  So let's presume that it's a bit front-loaded, but the question is how much so?  The last two Paranormal Activity films earned about 15% of their respective opening weekends at midnight ($6.3m and $8m respectively), while The Dark Knight earned just 11% of its then-record $158 million opening at 12:01am.  The difference between those two figures is the difference between a massive $132 million debut and a record $179 million opening weekend.  On the other hand, if the film really does play like a Harry Potter or Twilight sequel (which would seem to be the likely case), then we should compare it to those openings.

Friday, March 9, 2012

Midnight Box Office (03/08/11): John Carter earns a grim $500,000 at 12:01am.

It's been awhile since we had a movie that justified running the 'midnight math', so let's make this quick.  John Carter grossed $500,000 worth of 12:01am shows last night.  That's quite a bit under the $3-5 million that most of last summer's tent-pole films were pulling in.  Moreover, it's $3.1 million less than the midnight gross for Tron: Legacy just over a year ago.  While one may argue that school is in session so it may not be fair to compare, any number of major summer releases that debut in May or early June have to worry about kids still in school, to say nothing of the boffo $3.7 million midnight debut for Fast Five last April.  But, in the name of mercy, let's give a bit of leeway.  Generally speaking, unless the film has hugely positive word of mouth (not likely),  the amped-up audience just doesn't *need* to see it at midnight (probable), or is insanely front-loaded (let's hope not...) a genre film like this usually pulls in between 4.5% and 6.5% of its money via midnight shows.  So under those circumstances, we'd be looking at a probable opening weekend for John Carter of between $7.7 million and $11.1 million.  I honestly don't think that the opening weekend is going to be that bad, so let's play absolute best case scenario and assume that only the absolute hard-cores went last night.  If we presume that the midnight showings made up between 1.5% and 2.5% of the weekend total, then that leaves John Carter between $20 million and $33 million for its opening weekend (or, optimistically, about what Prince of Persia did with its $500,000 midnight opening and $30 million Fri-Sun weekend back in May 2010).  Still, if the midnight figures mean anything at all in calculating the opening weekend, and if John Carter's midnight scores are in any way 'normal' for a big-budget fantasy tentpole, then Disney is in deep trouble...

Scott Mendelson

Friday, November 18, 2011

Midnight Box Office (11/18/11): Twilight Saga: Breaking Dawn part I scores another $30 million at 12:01am. Opening weekend between $118 million and $163 million.

Yup, Team Bella/Edward/Jacob did it again, as the fourth Twilight picture scored another massive midnight gross, which should lead the way to another massive single-day and a massive and hilariously front-loaded opening weekend.  Breaking Dawn part I earned $30.25 million at midnight, putting it just above the $30 million earned at 12:01am by Twilight Saga: Eclipse and comfortably ahead of the $26 million earned by Twilight Saga: New Moon.  The second film's numbers are better comparison points, since the first sequel opened on the exact same weekend two years ago (and the third film opened on a Wednesday, which negates any reasonable comparison).  This is also the weekend where Harry Potter and the Deathly Hallows part I earned $24 million in 12:01am showings last year, which amounted to a $62 million opening day and a $125 million weekend.  The Harry Potter and Twilight films have both the biggest midnight grosses around and the most heavily-front-loaded opening weekends in the business.  As you no doubt recall, Harry Potter and the Deathly Hallows part II scored an eye-popping $43 million in midnight shows just four months ago, which led to a $92 million opening day and a $169 million opening weekend (records, all three).  Long story short, here's how Breaking Dawn part I will measure up if its opening weekend trajectory follows its most obvious comparisons...  Harry Potter and the Deathly Hallows part II (3.9x its midnight number) - $118 million, Harry Potter and the Deathly Hallows part I (5.2x  its midnight number) - $157 million, Twilight Saga: New Moon (5.4x  its midnight number) - $163 million.  So there you have it, the 3-day opening weekend record is not in any plausible danger, but The Dark Knight may find itself as merely the third-biggest debut by Sunday evening.  Most impressively, Breaking Dawn part I is achieving these massive grosses without any IMAX or 3D price-bump.  Let's split the difference between $119 million and $165 million and call a $140 million opening weekend for Twilight Saga: Breaking Dawn part I.  We'll know more when the Friday numbers roll in, although I will likely be otherwise occupied (family birthday party).

Scott Mendelson

Friday, October 21, 2011

Midnight Box Office (10/21/11): Paranormal Activity 3 scores $8 million in "midnight" shows. It's looking like a $48-52 million opening weekend.

I put the word "midnight" is quotes because Paramount was nice enough to offer 10pm shows in many theaters last night as well as the customary 12:01am screenings.  So, with the announcement that Paranormal Activity 3 made $8 million last night, I'm going to assume that they mean the 10pm and 12:01am shows.  While there may be some folks (like myself in fact) who checked out a 10pm screening who would not have bothered with a midnight showing, it stands to reason that most of the people who checked out a 10pm screening probably wouldn't have had much of a problem pulling a midnight shift either, so for the moment let's presume the effect of those blessed 10pm showings are negligible.  The math on this one is pretty easy.  If you recall, it was Paranormal Activity 2 and it's $6.3 million midnight gross this time last year that led me to start playing this game of 'midnight-to-weekend math'.  That sequel scored a record at the time for an R-rated midnight debut, which has since been beaten by the $10 million 12:01am showings of The Hangover part II.  Paranormal Activity 2, befitting its appeal as a midnight party movie (last night's audience was more fun than the movie itself), pulled in a hefty 15.5% of its $40.6 million weekend total at midnight.  A similar performance for this picture would give it an opening weekend total of $51 million.  So it stands to reason that the third picture should do about the same number, perhaps a little more due to progressive sequel-front-loading.  So, offhand, the opening weekend for Paranormal Activity 3 should fall somewhere between $48 million (if the number is 16.5% of its total) and $59 million (if the midnight number is just an unlikely 13.5% of its total).  Either way, Paramount has another cheap smash hit on its hand, which guarantees that we'll be seeing Paranormal Activity 4 this time next year.  Now I'm off to write my review.

Scott Mendelson     

Friday, July 22, 2011

Midnight movie math: Captain America: The First Avenger scores $4 million at 12:01am, setting the stage for a dynamite $61-88 million opening weekend.

Captain America: The First Avenger grossed $4 million at midnight alone, scoring the fifth-biggest midnight gross of the year, behind Pirates of the Caribbean: On Stranger Tides ($4.6 million), Transformers: Dark of the Moon ($8 million in midnight tickets, plus $5.5 million in advance-night showings), The Hangover II ($10 million on a Wednesday night), and Harry Potter and the Deathly Hallows part II ($43.5 million).  So Captain America has the biggest midnight haul for a non-sequel in 2011.  As you know if you've been following all summer, most genre movies that aren't insanely anticipated (IE - not a Harry Potter film or a Twilight sequel) do between 4.5% and 6.5% of their opening weekend at those12:01am showings.  That puts Captain America: The First Avenger on a course for at least $61 million, with as much as $88 million over the next three days.  Predicting how front loaded it will be in relation to the midnight gross is merely an educated guess at this point.  One would presume that the strong reviews, World War II setting, and recognizable grown-up actors (Tommy Lee Jones, Stanley Tucci) would bring out certain audience segments not otherwise inclined to check out yet another comic book film.  So the % we're dealing with is probably closer to the 5.2% of Pirates 4 than the 6.4% of Green Lantern.  For now, let's call it at 5% and predict a $80 million opening weekend for Captain America: The First Avenger.  Obviously we'll know more in about 12 hours.

Scott Mendelson    

Friday, July 15, 2011

Harry Potter and the Deathly Hallows part II crushes midnight record, with a $43.5m 12:01am haul. A $100m Friday and $200m weekend are within reach...

The final chapter of the Harry Potter series demolished its first short-term record right at 12:01am.  The film earned an eye-popping $43.5 million in midnight shows alone ($2 million of that was in IMAX alone).  That crushes the old record, Twilight Saga: Eclipse's $30 million midnight haul by 45%.  Now, to be fair, about 30% of that uptick could arguably be credited to 3D ticket-price bumps, but money is money.  It now looks quite clear that the opening day record (Twilight Saga: New Moon with $72 million) is almost guaranteed to be toast, and The Dark Knight's $158 million opening weekend haul is in jeopardy.  The worldwide opening weekend record (Harry Potter and the Half-Blood Prince's $394 million five-day haul) is pretty much toast, as this finale has already grossed $126 million in two days heading into the actual weekend.  Let's presume (as we should) that Harry Potter and the Deathly Hallows part II may have the most frontloaded opening weekend ever.  As of now, African Cats holds the record, with a meager 1.81x weekend multiplier earlier this year ($3.3 million opening day with a $6 million weekend).  So, let's presume it has the smallest midnight-to-opening day and midnight-to-opening weekend number in recent history.

Friday, June 17, 2011

Midnight Box Office (06/16/11): Green Lantern grosses $3.35m in 12:01 showings, heading for probable $61 million opening weekend.

The midnight money is apparently tallied already.  So once again, we have a decent idea of what a major film's opening weekend will be before the first Friday shows on the West Coast even begin.  Fascinating... Anyway, Green Lantern grossed $3.35 million in midnight screenings last night.  That's ahead of the $3.25 million earned by Thor at midnight, and just under the $3.4 million midnight gross earned by X-Men: First Class two weeks ago.  So at this point, it's just a matter of anticipating just how anticipated Martin Campbell's superhero saga is.  It is an original property, so it won't be as front-loaded as X-Men: First Class (which pulled in 6% of its weekend at midnight).  Reviews are pretty lousy (unfairly so in my opinion), which may or may not make a difference (remember, audiences for movies like this generally don't care about reviews).  So basically the question is whether it pulls 5% of its money at 12:01am (like Thor) or 6% of its money at 12:01am like X-Men: First Class.  For the moment, Green Lantern is apparently heading for an opening weekend between $55 million and $67 million.  Let's split the difference, give it a 5.5% midnight take and call it for $61 million.

Scott Mendelson

Friday, June 3, 2011

Box Office Midnight Math: X-Men: First Class grosses $3.4 million at 12:01am. It looks like a $62 million weekend.

Here we go again.  The first West-Coast shows have barely let out and we already have solid numbers from last night's midnight screenings.  For the record, 20th Century Fox's X-Men: First Class has pulled in $3.4 million in 12:01 showings.  As we all know if you've been reading over the last month or so, most big-studio pictures that play the midnight game can expect to gross between 4.5-6.5% of their weekend take in the midnight showings.  I only have midnight numbers for the last two entries in the series.  X-Men: The Last Stand opened with $5.9 million worth of midnight screenings, which kick-started a $102 million Fri-Sun Memorial day weekend and a $122 million holiday four-day stretch.  Using just the three-day numbers, X-Men: The Last Stand had a 5.7% midnight multiplier. X-Men Origins: Wolverine grossed $5 million worth of midnight tickets, which led to an $85 million opening weekend (a 5.8% midnight multiplier).


Thursday, May 26, 2011

The Hangover part II scores $10.4 million in midnight screenings. What does it mean for the long weekend?

Well, The Hangover part II has smashed at least one record.  With $10.4 million in midnight screenings alone, it nearly doubled the $6.3 million earned in midnight screenings for Paranormal Activity 2 last October, breaking the record for R-rated midnight showings.  But as with that horror sequel, midnight front-loading may be a little higher than usual, since the film is arguably more suited for a midnight screening environment than something more mainstream like Thor.  The Hangover part II is also a heavily-anticipated sequel, so it may play like a front-loaded genre sequel more than a general-audiences smash.  So, with that being said, let's use what little math we have in this area.  The closest precedent is the five-day opening weekend of Transformers: Revenge of the Fallen.  That film pulled in $16 million worth of midnight tickets and ended up with a $200 million five-day total.  Thus, the film did 8% of its five-day business at midnight and 25% of its opening day at 12:01am.  A similar pattern would yield a $41 million opening day and a $130 million five-day total.  That's the likely best case scenario, but Hangover II won't have the benefit of family-friendly matinée business, especially with Kung Fu Panda 2 also opening today.  The worst case scenario would be something resembling the uber-front-loaded performance Harry Potter and the Half-Blood Prince. The sixth Harry Potter film scored $22 million worth of midnight showings (a record at the time) and ended its five-day opening with $158 million.  That means the film did nearly 14% of its entire five-day weekend on Wednesday at 12:01am showings.  Such a scenario would give The Hangover II a $28 million opening day and a $75 million five-day total.  We'll know more once the Thursday numbers come in.

Scott Mendelson

Friday, May 20, 2011

Midnight Box Office (05/19/11): Pirates of the Caribbean: On Stranger Tides pulls in $4.7million in 12:01am showings. Weekend total $72-104 million.

It's time to do that pesky midnight math yet again.  Before the first matinees even start on the west coast, Pirates of the Caribbean: On Stranger Tides has pulled in $4.7 million in midnight screenings.  So, using the math that we've been playing around with for the last few weeks, let's see where we stand.  As I've written previously, midnight grosses generally make up around 4.5%-6.5% of the total weekend take.  So the best case scenario is a weekend take of $105 million.  But the question becomes just how anticipated and/or front loaded is this fourth installment of the series?  It stands to reason that the film is more front loaded than Fast Five (which pulled in about 4.5% of its take from midnights) being that its a sequel, but certainly less front loaded than The Dark Knight  (which pulled in 11% of its $158 million debut at 12:01am Thursday).  However, this number is less than the $7.5 million that Iron Man 2 pulled down in its midnight debut, totaling about 5.8% of its $128 million opening.  So let's say that Pirates of the Caribbean: On Stranger Tides is about as front loaded as Thor (it's a sequel, but it's a less geek-skewing property than the Marvel Comics adventure), which puts the number at about 5%.  So, if the fourth film has already scored 5.5% of its weekend figure (word of mouth will likely be far worse than Thor or Fast Five), then the pirate adventure will pull down $85 million for the weekend.  So, the variable is between $72 and $104 million, with $85 million looking like the probable figure.  Okay, now I'm off to actually see the film in glorious 2D and review it.  Never thought I'd be able to accurately predict weekend box office before the opening day actually began...

Scott Mendelson

Friday, May 6, 2011

Thor grosses $3.25 million in midnight sneaks, appears headed towards $43-72 million for the weekend ($65 million sounds about right).

With pretty much every major summer tentpole doing the whole 'midnight screening' thing this season, it's going to be that much easier to predict the weekend even earlier. So with that, we can report that Marvel's Thor (review) has opened with $3.25 million in midnight sneaks last night. As I've written before, a film that goes wide at 12:01am generally makes between 5% and 6% of its opening-weekend take in midnight screenings. There are exceptions (Avatar and Fast Five pulled in around 4.5% of their Fri-Sun grosses in 12:01am screenings), but 5-7% seems to be a healthy average. So with that in mind, assuming that Thor is inexplicably front-loaded (unlikely as its not a sequel) and/or suffers from poor word of mouth (also unlikely, as the film is pretty fun and satisfying), let's assume that Thor does about 5% of its opening weekend grosses at midnight. That would give Thor a $65 million opening weekend take. Playing the averages, Thor could gross anywhere from $43 million (7.5% in midnight sneaks, or a likely worst-case scenario) to $72 million (a best-case scenario 4.5% in midnight sneaks). We'll know more when the Friday numbers come in, but for now, it looks like Paramount has pulled off another massive opening for a challenging franchise. For those who want a detailed look at the math regarding midnight screenings, go here.

Scott Mendelson

Friday, April 29, 2011

Fast Five scores $3.7 million in midnight screenings, could open between $19 million and $82 million for the weekend.

Fast Five (review), unofficial summer 2011 kick-off film, has grossed $3.7 million in midnight screenings. It's the biggest midnight debut in Universal history, so they have that going for them. What that means for the opening weekend is somewhat up to debate, but this is the kind of franchise that plays more to the general 'wait until the weekend' moviegoer than the hardcore 'must see it NOW' genre fans, so this number is pretty promising. With the exception of uber-frontloaded genre films, midnight screenings generally account for 5-6% of opening weekend business. Under that best-case scenario model, Fast Five is on track for a $74 million opening weekend. If it plays like Avatar (4.5%), then it gets an opening weekend of $82 million. However, for insanely anticipated films and/or heavily geek-centric franchises (think Twilight or Tron), the midnight numbers can account for 11-19% of the weekend box office. Under that worst-case scenario, Fast Five would only gross $19-34 million. In this case, I think we're clearly looking at a popular franchise that fans didn't quite feel the need to rush out and see right at midnight, meaning that the former scenario should apply. Of course, the last picture, Fast and Furious pulled a 2.5% midnight screening haul, turning a $1.8 million midnight showing into a $72 million opening weekend. That COULD happen here ($148 million opening weekend if it does), but I think we can presume that this fifth film is a bit more anticipated and front-loaded. We'll know soon enough once the Friday numbers start trickling in, but it appears that, pardon the obvious conclusion, Fast Five is off to a fast and/or furious start. For those who want a detailed look at the math regarding midnight screenings, go here.

Scott Mendelson

Friday, December 17, 2010

Tron: Legacy nets $3.6 million in midnight sneaks. Could open with as little as $19 million, as much as $80 million for the weekend.

Tron: Legacy has grossed $3.5 million in midnight showings. That slightly exceeds the $3.6 million earned by Avatar's midnight sneaks last year on this weekend and actually exceeds the $3 million earned by respective late-night Inception screenings. The film grossed 25% of its midnight numbers in IMAX screens, which is a record for the large-screen format. What does this mean for the opening weekend? Well, generally speaking, recent midnight screenings have accounted for about 5-6% of a film's overall weekend take, which would put a weekend estimate between and $58 million and $70 million. Think Iron Man 2 ($7.5m/$128m), Jackass 3D ($2.5m/$50m), and Inception ($3m/$62m). But more front-loaded films have seen their midnight takes make up 11-19% of their total. Examples: The Dark Knight ($18m/$158m), Paranormal Activity 2 ($6.3m/$41m), Twilight Saga: New Moon ($26m/$142m) and Harry Potter and the Deathly Hallows part I ($24m/$125m).

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