Box Office Report


Box Office: HULK Flies into Top Spot

By: Jarrod Sarafin
Date: Sunday, June 15, 2008

The next adaptation of Bruce Banner has beat the competition at the box office in its debut this weekend as expected. Still, that doesn’t make the other debuting film M. Night Shyamalan’s The Happening a real loser though. His latest thriller had little chance against the demographics of The Incredible Hulk and Kung Fu Panda and yet it did haul in half its budget from its first three days alone. In fact, the top 3 films for this box office all did rather well pulling in over $30.0 mil.

Leading the charge was Universal Pictures and Marvel Studio’s adaptation of The Incredible Hulk. They debuted the film on 3,505 theaters this weekend and the film’s estimates are currently at $54.5 mil. This has the film averaging $15,560 per showing and pulling in a third of its $150 mil budget in its first three days for the local distributors.

One has to wonder what the studios are thinking about this opening, Maniacs. Ang Lee’s adaptation of the superhero opened on June 20, 2003 on 3,660 theaters and had a better opening with $62.1 mil. It had a lower budget at $137 and a longer running time at 2 hrs and 15 minutes. Basically, Ang Lee’s version pulled in better numbers than Louis Leterriers despite the critical differences between the two. But one can say that the original version affected the performance of the second’s opening. Perhaps.

Following in 2nd place is a film which is shaping into another profitable venture for Paramount and DreamWorks. Kung Fu Panda, the third major tent pole of this summer for Paramount, hasn’t crossed its $130 budget line yet in its second week but by pulling in another $34.3 mil this weekend in 2nd place, it’s basically very close domestically at $117.9 mil and will pass it by next weekend. Last weekend, it pulled in $20.4 mil in foreign sales so its worldwide gross is at $138.4 mil.

And now we come to M. Night Shyamalan’s latest film The Happening for 20th Century Fox. It’s true, the film is debuting in 3rd place in its opening weekend but can anyone suggest that it had any chance to beat Incredible Hulk and Kung Fu Panda? Against overwhelming demographic odds here, his latest film pulled in $30.5 mil this weekend, half of its $60 mil budget for Fox. With those kind of numbers, it could point to M. Night’s drought after Lady in the Water being over with to a degree. Obviously, this film has a chance of overcoming its budget and being a moderate success if it doesn’t have any large drops the first three weeks of its release.

In the meantime, Sony found its Adam Sander-led You Don’t Mess With the Zohan dropping 57.4% and 2 slots to 4th place by pulling in another $16.4 mil. The film also has a chance of hitting its budget line even with the large % drop since the studio kept its budget at $90 mil and it has received $68.7 mil in domestic sales so far in 2 weekends of release. The film pulled in another $2.0 mil in foreign sales last weekend so it’s currently sitting at $70.8 mil worldwide.

This leads us to another profitable Paramount distribution of the summer, Indiana Jones and the Kingdom of the Crystal Skull. The film dropped only 40% in its fourth weekend of release by pulling in another $13.5 mil on its 3,804 theaters. The fourth adventure is obviously a big success for Paramount with it tallying up $275.3 mil domestically. As of last weekend’s foreign numbers, it had another $327.5 mil which means the film is currently sitting at the best worldwide gross of the summer, $602.8 mil.

New Line may have been combined into Warner Bros. but it found a way for two profitable films this spring and summer. They kept the budget low for Harold and Kumar 2 ($12 mil) and wound up profits for it. They then released the big screen adaptation of Sex and the City and its obvious that certain demographics have also proved profitable for the studio in a theatrical climate normally reserved with so many action films. This weekend, “Sex” pulled in another $10.1 mil in 6th place on its 3,155 theaters. Sure, that’s a 50% drop in its third week of release but film has already made twice its budget for the studio. New Line kept the costs to $65 mil and thus far, it has tallied up $119.9 mil domestically.

Paramount finds itself in 7th place with its other profitable film of the summer, Iron Man. The film has the highest domestic gross of the summer with $297.4 mil after pulling in another $5.1 mil this weekend. Yep, it looks like it will hit the $300.0 mil domestic mark after all over the next week, pulling in another $1.0 mil here and $400,000 there across the nation. By next weekend, it should be right around that coveted mark for studios. The film is also the second highest worldwide grosser behind Indiana Jones, another Paramount distribution, with its tally at $544.9 mil.

Rogue Pictures also should be pleased with its latest horror film The Strangers doing as well as it did against overwhelming lighter rated fare. The film pulled in another $4.0 mil this weekend in 8th place but it has long since crossed its budget line of $9 mil. The film has a domestic gross of $45.3 mil in three weekends of release.

Which leads us to a summer tent pole not doing well at all unless you go strictly by worldwide grosses alone and even then, it’s still not doing very well. Disney has already accepted blame for releasing its sequel Chronicles of Narnia: Prince Caspian in the wrong time of year and against stiff competition and it shows with the film only grossing $131.7 mil in five weekends of release. This weekend, it got to that mark by getting another $3.0 mil in 9th place. The biggest problem with this film is its $200 mil budget line being much too high for the studio. The studio is likely hoping it continues to pull in better foreign numbers over the next few weeks to overcome its domestic shortfalls with the film totaling $101.4 mil as of last weekend. In worldwide grosses, it has $233.1 for Disney.

The final film to talk about is What Happens in Vegas, Fox’s alternative demographic-minded choice which has killed Speed Racer every week since release. In fact, here we are in its sixth weekend of release and the film is wrapping up its run inside the top 10 while Speedy isn’t even in the top 40 estimate brackets. The film is a moderate success for the studio with it grabbing $75.7 mil on a budget of just $35 mil.

Rank
Movie
Weekend
Theaters
Average
Total
Budget
1
The Incredible Hulk
$54.5 mil
3,505
$15,560
$54.5 mil
$150
2
Kung Fu Panda
$34.3 mil
4,136
$8,298
$117.9 mil
$130
3
The Happening
$30.5 mil
2,986
$10,214
$30.5 mil
$60
4
Don’t Mess with the Zohan
$16.4 mil
3,466
$4,731
$68.7 mil
$90
5
Indiana Jones 4
$13.5 mil
3,804
$3,561
$275.3 mil
$185
6
Sex and the City
$10.1 mil
3,155
$3,228
$119.9 mil
$65
7
Iron Man
$5.1 mil
2,403
$2,134
$297.4 mil
$140
8
The Strangers
$4.0 mil
2,410
$1,700
$45.3 mil
$9
9
Prince Caspian
$3.0 mil
2,308
$1,301
$131.7 mil
$200
10
What Happens in Vegas
$1.7 mil
1,422
$1,195
$75.7 mil
$35
 

Overall Numbers for Summer Tent Poles

Indiana Jones 4 Numbers:

Budget: $185 mil
Opening:
$100.3 mil
Domestic:
$275.3 mil
Foreign: $327.5 mil
Worldwide:
$602.8 mil

Iron Man Numbers:

Budget: $140 mil
Opening: $98.6 mil
Domestic:
$297.4 mil
Foreign: $247.4 mil
Worldwide: $544.9 mil

 

Prince Caspian Numbers:

Budget: $200 mil
Opening: $55.0 mil
Domestic:
$131.7 mil
Foreign: $101.4 mil
Worldwide: $233.1 mil

 

Kung Fu Panda Numbers:

Budget: $130 mil
Opening: $60.2 mil
Domestic: $117.9 mil
Foreign: $20.4 mil
Worldwide: $138.4 mil
 
The Incredible Hulk Numbers:

Budget: $150 mil

Opening: $54.5 mil
Domestic: $54.5 mil
Foreign: $N/A
Worldwide: $54.5 mil
 
The Happening Numbers:

Budget: $60 mil

Opening: $30.5 mil
Domestic: $30.5 mil
Foreign: $N/A
Worldwide: $30.5 mil
 

Speed Racer Numbers:

Budget: $120 mil
Opening: $18.5 mil
Domestic: $42.3 mil
Foreign: $36.0 mil
Worldwide: $78.3 mil

 
June 20, 2008 Releases:
Wide
Get Smart (3,700+ theaters)
Love Guru (2,700 theaters)
Limited
Brick Lane

Kit Kittredge: An American Girl


More Content By Jarrod Sarafin
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Comments/Responses
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WISEGUY562 • Jun 15, 2008, 05:16pm •
I read some b.o. analysis early on the week and I believe the studios were hoping for at least 45 mil for the Hulk and upper teens for the Happening. Obviously they both went above expectations so no one should be too disappointed.

I did think that the Hulk would do 60mil but all the bad buzz from the first film and Norton's little fight with the studio didn't help much. Hopefully with good word of mouth people will keep checking out the Hulk and give it legs to reach its 150mil budget domestically. That I think would secure the franchise's sequel.

The Happening has to be viewed as a major success. I never thought it would hit 20mil. After seeing the film I do expect it to drop like a rock though. I doubt that it reaches its 60mil. budget domestically.

Movieguy28, ready to change your tune about the Panda. I saw this last weekend and I'm not surprised it has done so well. I think it's a very good family film and funny enough for adults. It should flirt with 200mil by the end of its run. And at 90min it has a chance for plenty of daily viewings.

Hulk should remain number 1 next week as those two new comedies, Love Guru and Get Smart, I think will cancel each other out to a degree.

Bryzarro • Jun 15, 2008, 05:24pm •
I'm not too sure about Get Smart and Guru cancelling each other out. Alot of the crowd who remember Get Smart may come out big for this one. But we'll have to see.

almostunbiased • Jun 15, 2008, 05:27pm •
Considering the number six movie made over 10 million, 54 isn't a bad opening.

I like Mike Myers, but I might see Smart instead. I don't laugh at the previews for Guru, and even though Smart doesn't crack me up either, maybe it will still have some good action, plus Hathaway is hot.

hanso • Jun 15, 2008, 05:37pm •
HULK SMASH!!

$55 is nice, hopefully it makes more than it cost and we get a sequel. By the way, all the stuff between Norton and the studio, can you guys imagine for the Avengers? Dude probably won't be in it unless he does it his way. Norton is kinda wack.

Gonna check out Get Smart next week, if the Mrs. is up for it I might check out the Guru also, but definitely Smart, got help out Steve Carrell after Evan Almighty.

Yo if any of you guys have Metal Gear Solid 4, let me know so we can hook up online and kill some dudes.

TheMovieGuy28 • Jun 15, 2008, 05:46pm •
Wisenheimer, er, I mean Wiseguy,

Yup, I'm ready to eat my words on Panda. I just did not see it ding the numbers it did, something about it is a turn-off to me, couldn't tell you what though....and yes, I tanked on Hulk's numbers as well, and I too thought it would ave pulled in around 60 mil, but I do think strong word of mouth and good "everyman" reviews will give it some legs. I do think the bad taste of its predecessor left people skeptical, but it was a great popcorn flick. What a summer movie should be....


At least I was right about the happening....said it would do around 30 mil...


...and I read a pretty in-depth article on what happened with Norton/Letterier/Marvel. I think he has a right to be slightly miffed. Invited on to give the movie some clought, and to rewrite a majority of the script, only to have your own additions in the script to basically be left on cutting floor. Wasn't fair to him. Ed Norton is a good guy. I"m with him on this one




WISEGUY562 • Jun 15, 2008, 05:47pm •
SURPRISES at least for me

Indy isn't doing as well as the studio hoped. I myself thought that by now it would've passed IM for top spot. Now if it does it won't be by much and may not pass it at all.

Sex and the City keeps dropping big like I thought, but it has done amazingly well and it has another 100 mil overseas. Who knew that foreign women would be interested in 4 heffers from NY.

What Happens in Vegas is another one. Still top ten while Speed Racer isn't even in the rear view mirror. It also has over 100mil overseas to boot.

Strangers,9mil budget, nuff said. They're already planning a sequel, no surprise there.

Prince Caspian is showing some legs. It won't make back its budget but with overseas numbers I think the franchise is safe for at least one more.

raulendymion • Jun 15, 2008, 05:51pm •
I'd say the first Hulk film definitely had an impact on this first weekend for the new attempt. Batman Begins had an uphill battle due to the franchise being left in all but ruins yet it developed legs and ended up doing quite well. I think the same will happen with I. Hulk if for no other reason then it is an extremely enjoyable film. Without question it was made for us fans. So many nods to the TV series and the Bruce Jones comic run. The climactic battle alone is worth the price of admission: far more dramatic and faithful to the comic then other adaptations.
I agree with Wiseguy, if its domestic gross matches its cost it should guarantee a sequel. Batman Begins was a bit of a risk yet I think we all know The Dark knight will be huge at the BO, no reason why the same can't happen with the Hulk.

hanso • Jun 15, 2008, 05:55pm •
Rauleydymion - The Dark Knight will own all that was ever created. This has been established in many threads, ask Wiseguy he knows. I'm sticking with my prediction, 99999999999999999999999 gazillion dollars and that's just on friday folks.

Indy was out what, 2-3 weeks after Iron Man? It's going to catch up to it.

WISEGUY562 • Jun 15, 2008, 06:05pm •
raulendymion, you hit it right on the head and I hope you're right about the Hulk. And although I'm not too big on BB the buzz surrounding the Dark Knight is pretty amazing.

hanso has the world collapsing around the success of the DK, so everyone get out your bucket lists and get to it, you have just over 1 month.

movieguy28, lol.


myklspader • Jun 15, 2008, 06:13pm •
Glad to see The Hulk doing better than “The Happening”… in my opinion, that was the third worst movie by Night. I couldn't stop laughing at the death scenes, bad acting, bad writing, and of course the bad directing.



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