Box Office Report


Disney Finds TREASURE At the Box Office

By: Jarrod Sarafin, News Editor
Date: Sunday, December 23, 2007

Updated: International numbers have been added...
The box office cash for this weekend was spread out as expected. With so many new releases this weekend (and this week), audiences chose a bit of everything making for some big moneymakers in the top 5 slots, something that hasn’t happened in a while. The past two months, it’s usually the top 2 films pulling in respectable numbers while 3-10 don’t even cross the 10 mil mark.
 
Not so this weekend.
 
The top 3 films pulled in 29 million or higher while 4-6 pulled in 6 mil or higher. Leading the group was the Disney sequel National Treasure: Book of Secrets, which grabbed an estimated 45.5 mil in receipts over the weekend domestically. The studio opened the second installment in 3,832 theaters, making for an average per showing rate of $11,873. This points to a higher debut than its predecessor, which pulled in 35.1 mil on 11/19/2004.  Then again, the studio released that film on 800 less theaters so the average per showing rate comes out nearly the same. The original film would go on to gross 347.4 mil worldwide, 173 domestically and 174 in foreign tickets. It had a budget of 100 mil. Disney hasn’t released the budget for its sequel at this time.  The sequel scored another 22.3 million in 2,055 prints overseas, which made for a foreign average per showing rate of $11, 338. In its first weekend of release, the film now has 67.8 mil in worldwide sales.
 
Despite 5 new films this weekend, the 2nd and 3rd films are last weekend’s returning I Am Legend and Alvin and the Chipmunks. Warner Bros. continues its highly successful run with Legend pulling in 34.2 mil this weekend, which means the film has grossed 137.4 mil in only 10 days of domestic release. In its second week of release, Legend averaged a very respectable rate of $9,454 per showing. Legend ruled the overall international report this weekend, landing in first with 25.3 million in 15 foreign markets. This has its international tally at 54.3 million in 10 days of release and it marks a worldwide gross of 191.7 million for WB. Legend will debut in the U.K on Boxing Day.
 
20th Century Fox continues to impress audiences with Alvin and the Chipmunks, a film which already has crossed into the profit margins in its 10 days of domestic release. The adaptation of the toon took in another 29.0 mil this weekend, which has it at 84.8 domestically. The film’s budget is only 60 mil so this film is clearly a success for Fox. It too had a very respectable average per showing rate in its second week of release, averaging $8,288 per showing. Fox has released the tale in 3,500 prints in its foreign territories, marking a foreign debut of 13.0 mil in 38 markets.
 
Now, it’s time to discuss the other new releases for this weekend. None of these new releases have much pressure working against them. All three were released this weekend more for their critical appeal (keyword: Nomination ballots)…
 
Landing in 4th place is Universal’s critically acclaimed Charlie Wilson’s War, which tallied 9.6 mil on 2,575 theaters across the nation. The film, starring Tom Hanks and Julia Roberts, had an average per showing rate of $3,735.
 
Following behind in 5th place is Sweeney Todd, which pulled in 9.3 mil in box office receipts. It’s clear that audiences wanted to see this film in its limited 1,249 theaters across the nation. Paramount and Dreamworks had a respectable average per showing rate of $7,485. As with Treasure and Wilson’s War, there is no budget listed for this film and it’s not likely to be high. The studios released Paramount into theaters in much the same reasoning as they did with the Tom Hanks film, to make the award show nomination deadlines…
 
Warner Bros. lands in 6th place with their debut of P.S I Love You. The film opened up in 2,454 theaters this weekend and pulling in 6.5 mil in receipts. This results in an average per showing rate of only $2,650. Once again, there’s no budget to give but it can’t be very high for WB.
 
Disney follows in 7th place with Enchanted inching all that much closer to the 100 mil mark in domestic receipts. This weekend, the modern-day fairy tale pulled in 4.1 mil in its 2,752 theaters across the nation. Domestically, it has 98.3 million in receipts. The film has also pulled in impressive numbers overseas, grabbing another 15.8 million this weekend in foreign sales. This kind of weekend tally has it at 70 million internationally. Disney has now grossed 168.3 mil in worldwide sales and they still have not opened the film in 35% of their planned foreign markets.
 
The last debuting film of this weekend is Walk Hard: The Dewey Cox Story for Sony Pictures. Apatow-produced flicks have been “money” at the box office this past year but this one wasn’t in the same mold as his others. I could write about Walk Hard falling flat instead by taking in only 4.1 million but this film only has a budget of 35 million. It’s clearly another film aimed at getting in theaters before ballot time rather than wanting any high box office cash, which makes sense as it’s already up for quite a few musical nominations in the upcoming award shows. Also, with a budget of 35 million, the studio will make its money back here. So, yes, it falls flat here but it’s not one of those films which needs a large box office take to overcome its budget. I am curious as to why Sony released it in 2.650 theaters so soon. Did they expect it to compete with National Treasure, Legend, Alvin, Enchanted and the others? I would guess not so why release it in that many theaters? Ah well, you never can tell what these studio executives are thinking…
 
New Line’s The Golden Compass dropped from 3rd place to 9th place in the space of a week. The film pulled in only 3.9 million this weekend, which has its domestic tally only at 48.4 million. The film, based on the Pullman novel, has been doing respectable numbers overseas, taking in another 23.9 mil this weekend. It now has 130 million in foreign sales. This equates to a worldwide gross of 178.4 million in 17 days of release. New Line has listed the budget at 180 million and it should be noted once again that the studio sold off many of its foreign territories to get its money back from that high budget.
 
Amazingly, the final ranked film for this week was only in 304 theaters. Juno has been getting some critical recognition and it shows by scoring 3.4 million in that limited a run. This makes for second-best average per showing rate of $11,184. This is its third week of release and it has now garnered 6.3 million in domestic receipts.
 
 
 
Rank
Movie
Weekend $
Theaters
Average
Total $
Week #
1
National Treasure: Book of Secrets
45.5 mil
3,832
$11,873
45.5 mil
1
2
I Am Legend
34.2 mil
3,620
$9,454
137.4 mil
2
3
Alvin and the Chipmunks
29.0 mil
3,499
$8,288
84.8 mil
2
4
Charlie Wilson’s War
9.6 mil
2,575
$3,735
9.6 mil
1
5
Sweeney Todd
9.3 mil
1,249
$7,485
9.3 mil
1
6
P.S I Love You
6.5 mil
2,454
$2,650
6.5 mil
1
7
Enchanted
4.1 mil
2,752
$1,508
98.3 mil
5
8
Walk Hard: The Dewey Cox Story
4.1 mil
2,650
$1,547
4.1 mil
1
9
The Golden Compass
3.9 mil
2,953
$1,347
48.4 mil
3
10
Juno
3.4 mil
304
$11,184
6.3 mil
3
 
 
The box office report was spread out this weekend; each film in the top 5 doing well and within two days, three new major releases will be hitting the market.
 
Two of those will be genre films, the sci-fi horror Aliens vs. Predator: Requiem and the family adventure Water Horse: Legend of the Deep. Fox and Sony are releasing these two films on Christmas Day on 2,500 theaters or more so next weekend’s box office report should be interesting...
 
Tuesday December 25, 2007 Releases:
 
Wide Releases
The Water Horse: Legend of the Deep (2,772 theaters)
Aliens vs. Predator: Requiem (2,563 theaters)
The Great Debaters (1,164 theaters)
 
Limited Releases
The Bucket List
Persepolis
The Orphanage (on Friday)
Honeydripper (on Friday)

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Comments/Responses
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wessmith1966 • Dec 23, 2007, 07:35pm •
National Treasure was a lot of fun; a great way to take a two hour break from the holiday shopping season. Alvin and the Chipmunks was fun, and the kids loved it. Looking forward to AVP-R Christmas night if I can get away.

Merry Christmas and happy holidays to everyone!

trollman • Dec 23, 2007, 08:28pm •
Nice edit

craigtnelson • Dec 23, 2007, 08:40pm •
National Treasure 2 sucked.

The first one, while totally corny, still had it's moments and I liked it. Enough for my brother to convince me to see this stinker in the theater. What a waste of time.

Hobbs • Dec 23, 2007, 08:59pm •
Ah yes...craigtnelson has enlightened us with his witty intellect by telling us "National Treasure 2 sucked dude!" Such insight I'm sure will detract most of you from seeing it. National Treasure 2 for all its flaws was still an entertaining movie but if you are looking for the greatest movie of all time you may come up a little disappointed.

Merin • Dec 23, 2007, 09:03pm •
Didn't touch National Treasure. Won't touch its sequel.

I'm for fantasy, really I am. And I'm for historical fiction.

These movies would have to be called historical fantasy, though. You know what historical fantasy would be, right? Like saying the USA could have won the Vietnam War - that's historical fantasy.

I love Jason Lee, but I also won't touch Alvin and the Chipmunks - put it in the same category as Underdog, Garfield, Clifford . . . no, not for me.

As Sweeny Todd didn't come to my area, it was a no-go for movies this weekend.

craigtnelson • Dec 23, 2007, 09:28pm •
OK Hobbs, let me expand on my previous comment. I'm tired, just got back from work, and thought I could get away with just giving you the meat and potatoes review, but you seem to want the French truffles.

The movie had every bad cliche in the book in it. The mom, even after not seeing the dad in 25 years, jumps into a 25 year0old argument about luggage. The blond is able to get Nic Cage into the oval office by showing boob to what seemed like a gay guy to me.

Harvey Keitel phone this one in, there's not one scene where he shines. Jon Voigt, as I remember, had a shred of dignity in the first movie. In Part 2, he is a pathetic excuse for comedic relief.

And then we come to the overall driving point of the movie. Why are they even on this adventure? To clear the family name. Sorry, not buying it.

I like a lot of movies. This one had some laughs. I'd rate it about a C. It was not a good movie. I wanted to enjoy it, I did. But after about an hour I wanted to get upp and leave but didn't because I was with someone. I spent the whole time cursing under my breath that we hadn't seen Sweeny Todd or something better instead.

Better?

:)

hanso • Dec 23, 2007, 09:41pm •
Dewey Cox was pretty sweet in my opinion. So far so good as far as Apatow productions is concerned. It was kinda stupid in a lot of parts but there was some pretty funny stuff I thought. The songs weren't bad either, and were funny, the midget song was damn hilarious.
It's probably a wait for video film though.

sportwarrior • Dec 24, 2007, 12:58am •
I will not touch National Treasure 2. I didn't like the first one at all, but at least it had some form of a plot... The sequel just seems completely ridiculous.

Dewey Cox was ok. I laughed, but it could have been waay better. It literally walked the line between the good Will Ferrell/Superbad type of dumb humor and the awful Scary Movie type of terrible humor. I felt like they were missing some top writers or something, I dunno. Plus, for all it's marketing I'm totally surprised to see it only made $4.1m.

I was talked into Alvin and the Chipmunks tonight, too... It was what it was... A kids' movie with some laughs that brought back a few childhood memories. There were some pretty lame parts, but overall it wasn't terrible.

DarkJedi • Dec 24, 2007, 01:02am •
I'm just going to edit out my response here towards #2. It's not worth going into..It is Christmas Eve after all.

I hope everyone here has a wonderful holiday..

Jarrod S.

WhiteKnight • Dec 24, 2007, 04:53am •
Very dissappointing results for my faves this weekend. The Golden Compass, which I expected to be kicking ass well into 2008, is almost out of the top ten in it's third week of release. I'd say we can forget about Subtel Knife and Amber Spyglass. Could it be that all the noise about this film being Anti Religion actually worked? I know not.

Sweeny Todd kicked major ass and was sadly relegated to No. 5 on the box office Top 10. Bear in mind, however, it was released on less than 1300 screens. Then look at the average per showing versus the movies that were showing on an emensely larger number of screens! Also take into account it was up against Alvin, which was all but certain to rule the child demographic, and the hugely overhyped National Treasure and I Am Legend. I'll bet the WB Execs are kicking themselves in the nuts right now. I'd say given a larger release they should easily have broken into the Top 3 and earned about $30 million.

I'm pissed National Treasure is tops. Nic Cage is so much better than the material he is taking on, and I was hoping audiences would have realized it by now. Alas, they've not. I don't especially care for Will Smith, who I've felt is an arrogant prick for a number of years now, but it's difficult to argue that he's got talent and an amazing knack for selecting projects that demonstrate it.

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