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KARATE Chops the Competition

Karate Kid Reboot Kicks High in Debut.

By Jarrod Sarafin     June 13, 2010


The A-Team evades the Karate Kid at the box office.
© Bob Trate

 

Leave it to ‘80s to fix the box office slide of the 2010 summer season. After weeks of number slides in theaters, Hollywood introduced two reboots—one of a popular TV series and the other of a feature film—and the industry found themselves ahead of numbers left by the same frame last year. With The Karate Kid and The A-Team leading the charge, the weekend’s top 10 collectively pulled in $141.6 million over which is a 10% gain over last year’s numbers.
Standing clear at the top of the chart is Sony’s revision of The Karate Kid, which drop-kicked the competition by pulling in $56 million over its debut weekend. The numbers represent what’s looking to be a very profitable venture for the studio as they kept the budget to the tune of only $40 million. Not bad to be on top of that production cost after only three days of release.
20th Century Fox made a credible counter-kick of their own with their theatrical adaptation of The A-Team. Director Joe Carnahan’s action ride pulled in $26 million in its debut and earned another $15 million in its foreign circuit bow from 3,640 screens in 35 markets. Unlike the “Kid” costs, the budget for the action film is set at $110 million so it will need to stay in the top 5 for a few more weekends before Fox executives can relax a bit on that score.
Finally relinquishing the victorious spot and dropping two places to 3rd is DreamWorks Animation’s Shrek Forever After, the final installment centering on Mike Myer’s green hero. The fourth adventure took in another $15.8 million in its fourth frame, increasing its domestic cume to $210.0 million. With the film earning another $67.1 million from foreign markets the animated tale has a global gross of $277.2 million. It’s already profitable with DreamWorks producers keeping the price tag to only $165 mil.

In its second weekend of release, Universal found their comedy Get Him to the Greek dropping only 45% with another $10.1 million in its tally. After ten days of release, that gross is $36.5 million, just shy of its $40 mil budget.

And taking the 5th place spot is Lionsgate’s action comedy Killers. The Ashton Kutcher-Katherine Heigl tale fell 48% in its second report by taking in another $8.2 million. That ups their domestic score to $30.7 million.
Check out the rest of the top 10 below and you’ll see that Iron Man 2 is prepared to cross the $300 million barrier by tomorrow. And Robin Hood has already made his way out of the top 10 by taking 11th place with only $2.7 million in its fifth weekend of release.
 

Rank
Movie
Weekend
Theaters
Average
Total
Budget
1
The Karate Kid
$56.0 mil
3,663
$15,288
$56.0 mil
$40
2
The A-Team
$26.0 mil
3,535
$7,355
$26.0 mil
$110
3
Shrek Forever After
$15.8 mil
3,868
$4,085
$210.0 mil
$165
4
Get Him to the Greek
$10.1 mil
2,702
$3,738
$36.5 mil
$40
5
Killers
$8.1 mil
2,859
$2,858
$30.6 mil
$75
6
Prince of Persia
$6.6 mil
3,108
$2,124
$72.3 mil
$200
7
Marmaduke
$6.0 mil
3,213
$1,867
$22.2 mil
$50
8
Sex and the City 2
$5.5 mil
2,750
$2,009
$84.7 mil
$100
9
Iron Man 2
$4.5 mil
2,305
$1,974
$299.3 mil
$200
10
Splice
$2.8 mil
2,450
$1,167
$13.0 mil
$30

 
Here’s the summer 2010 leaders (worldwide) as they stand now. Iron Man 2 continues to be the clear favorite until we see how the July releases do in their respective debuts.
 
Iron Man 2 Numbers:
Budget: $200 mil
Opening: $128.1 mil

Domestic: $299.3 mil
Foreign: $290 mil
Worldwide: $589.3 mil
 
Robin Hood Numbers:
Budget: $200 mil
Opening: $36.0 mil

Domestic: $99.6 mil
Foreign: $183.3 mil
Worldwide: $282.9 mil 
Shrek Forever After Numbers:
Budget: $165 mil
Opening: $70.8 mil

Domestic: $210.0 mil
Foreign: $67.1 mil
Worldwide: $277.2 mil
 
The Prince of Persia: The Sands of Time Numbers:
Budget: $200 mil
Opening: $30.1 mil

Domestic:
$72.3 mil

Foreign:
$190.3 mil

Worldwide: $262.6 mil
 
Sex and the City 2 Numbers:
Budget: $100 mil
Opening: $32.1 mil

Domestic: $84.7 mil
Foreign: $105.7 mil
Worldwide: $190.4 mil
 
The Karate Kid Numbers:
Budget: $40 mil
Opening: $56.0 mil

Domestic: $56.0 mil
Foreign: N/A yet
Worldwide: $56.0 mil
 
The A-Team Numbers:
Budget: $110 mil
Opening: $26.0 mil

Domestic: $26.0 mil
Foreign: $15.0 mil
Worldwide: $41.0 mil
 
 
 
Friday, June 18, 2010 Releases
Wide
Toy Story 3 (3,900)
Jonah Hex (2,700+)
Limited
The Killer Inside Me
Let it Rain
Cyrus
Raavan

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