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December 30, 2006
Klady's Friday Estimates
This is one of those weird Fridays where analysis is somewhat defied. What we are really doing is analyzing the season, since the day-to-day is so different than any other time. It’s also another 4-day weekend.
The projection a week ago of where these movies would be, based on pre-X-mas Friday numbers and tradition is holding pretty well.
Night At The Museum - $120/$140 million
The Pursuit of Happyness - $90/$110 million
The Good Shepherd - $35/$40 million
Eragon - $57/$65 million
We Are Marshall - $28/$33 million
The Holiday - $48/$55 million
Happy Feet - $175/$180 million
The outliers are:
Underperforming - Rocky Balboa - $58/$70 million
Overperforming - Charlotte’s Web will be between $35 million and $40 million.
Of course, Rocky Balboa is overperforming significantly, based on expectations. But on the basis of last Friday, which was probably fueled by pent up fan demand, the low 50s are outside of the curve.
And Charlotte’s Web has had an unusual journey, though I think the early idea that the film skews quite young and that parents who were shopping on Christmas week are now free to take the kids to the movies is probably the case. Aside from the leggy Happy Feet, it really is the only movie for under-10s to go to after Night At The Museum.
Joining the mix is Dreamgirls, which has performed in rather amazing fashion. Coming into Monday’s debut, expectations were for the $4 million range and when matinees were strong, $6 million became the magic place to go, given the limitation of 852 screens. $8.7 million was a shocker. And $26.8 million in five days on 852 screens is a record… however obscure.
The best 5-day gross in the entire run of A Beautiful Mind, when it bumped to 1855 screens on Friday Jan 4 through Tuesday the 8th, was $19.3 million.
The best day in the entire run of Chicago was on 2268 screens on January 15… $5.17 million. Dreamgirls has beaten that figure twice so far on its 852 screens.
Brokeback Mountain’s best Friday in its run was $3.3 million on 1196 screens on January 21.
When Million Dollar Baby expanded to 2025 after nominations (January 28), they had a 5-day run of $14.5 million, the best it would get.
I can’t really find any precedent for this gross. Of course, plenty of movies have outgrossed this $40 million-plus first week of Dreamgirls… but not on 852 screens. Brokeback was in the same area when 'Girls did the 3-screen, one show a day, 10-day run. BBM's much vaunted exclusive opening gambit averaged about $137,000 a day on more screens and more shows. Dreamgirls charged $25 and averaged $85,000 a day. The numbers could be compared (though you would need NASA mathematicians to do it accurately.)
Of course, none of this suggests that Dreamgirls = Star Wars. But it does suggest that the studios can expect the film to be the highest grossing film in the race this year by a significant margin. And if they were to do the same amount as this wekend when they have their next screen expansion on Martin Luther King, Jr Day weekend, it would still be better than any Chicago weekend, suggesting that $150 million is close to inevitable.
The picture in the “Also Debuting” group of films is depressing, no matter where you stand on these titles. Pan’s Labyrinth and Children of Men are doing okay on 16. But considering how well selected those screens are and the amount spent marketing to them (especially COM), it is not all too encouraging. But ya never know. Keep those fingers crossed.
Title | Friday | Screens | % Chg | Cume
Night at the Museum | 13.5 | 3768 | 11% | 92.6
Pursuit of Happyness | 6.9 | 2870 | 28% | 85.9
Dreamgirls | 4.9 | 852 | - | 27.7
Charlotte's Web | 4.6 | 3745 | 50% | 45.5
Rocky Balboa | 3.9 | 3019 | -22% | 41.4
Good Shepherd | 3.6 | 2218 | 3% | 27.7
Eragon | 3.0 | 2985 | 10% | 51.2
Happy Feet | 2.9 | 2565 | 60% | 171.2
We Are Marshall | 2.8 | 2606 | 5% | 19.8
Holiday | 2.4 | 2698 | 30% | 45.7
Also Debuting
Black Christmas | 1.5 | 1544 | - | 8.6
Pan's Labyrinth | .193 | 16 | - | .193
Children of Men | .179 | 16 | - | .76
Notes on a Scandal | .127 | 21 | - | .320
Perfume | .013 | 3 | - | .013
Miss Potter | .003 | 2 | - | .003
The Dead Girl | .002 | 2 | - | .002
Tiger and the Snow | .002 | 4 | - | .002
Posted by poland at December 30, 2006 03:06 AM
Comments
Night At The Museum is performing awfully well.
Posted by: Direwolf
at December 30, 2006 08:16 AM
Man, people love that Will Smith, don't they?
Went to the Arclight last night to see Dreamgirls. Was surprised it wasn't sold out -- though I did have to sit closer than I would have liked.
Great, another Shawn Levy hit.
Posted by: MASON
at December 30, 2006 08:21 AM
Apparently Bob Yari lost his fight to get a producers credit for Crash. I am sure there are other articles about this but here is a brief blurb:
Posted by: Direwolf
at December 30, 2006 09:52 AM
According to the mojo, "Night at the Museum" is up 83 screens as of Friday, putting it at 3,768. But don't you think it'll run out of steam before it outperforms those "Fockers?" In an unrelated note, "Children of Men" should hit more than 1,200 screens next Friday, again according to the mojo, so people can actually see what all the fuss is about.
Posted by: Jonj
at December 30, 2006 10:00 AM
Night is $40 million behind Fockers at this point... and though Fockers had 2 more days by this point in the respective seasons, it doesn't matter. When the holiday is over, it is over. Night can never catch up.
I would guess Night tops out at $150m - $170m... which is strong, but nowhere near Fockers' $280m domestic.
Posted by: David Poland
at December 30, 2006 10:37 AM
I'd really be curious how much business improves at the Museum of Natural History cause of the movie. Went I went by there on Tuesday, the place was hoppin' and I have a feeling the movie will just make it an even bigger tourist stop in New York than it already is. I can't how disappointed kids will be with all the exhibits sitting still.
Posted by: EDouglas
at December 30, 2006 10:43 AM
Dreamgirls is already playing in its best theaters and had massive drops on Tues and Weds then dropped again on Thursday going into the weekend.By the time Dreamgirls expands most of its core audience will have seen it.I think Dreamgirls will need help from Oscar even to reach $100 mil and that $150 mil is not going to happen.The Departed is also getting a re-release in Jan which should add another $10-20 mil to that films current gross of $120 mil. The Departed will be Oscars highest grossing film not Dreamgirls.
Posted by: Roxane
at December 30, 2006 12:20 PM
You can lead a horse to history, but you can't make it think.
Posted by: David Poland
at December 30, 2006 12:29 PM
Classy. Why do you have a blog if your readers are such dummies?
Posted by: jeffmcm
at December 30, 2006 12:39 PM
You can put blinkers on a racehorse, but you can't make it win.
Posted by: Ian
at December 30, 2006 12:39 PM
"I can’t really find any precedent for this gross. Of course, plenty of movies have outgrossed this $40 million-plus first week of Dreamgirls… but not on 852 screens."
Uh, Borat?
Posted by: James Leer
at December 30, 2006 01:18 PM
So, I'm a little tired of hearing about the Dreamgirls box office potential at this point. You basically have two camps: people who like it who think it'll be huge and people who hate it who take every chance they can to knock it. I saw it at a matinee last Wednesday, and the predominantly African-American audience I saw it with absolutely ate it up. They broke out into applause twice (both big Jennifer Hudson numbers) and stayed through the end of the film to see all credits. I can't remember a film where the audience broke out into applause half-way through. So, I think the film will easily gross over $100 million. How much over? I have no idea. Don't really care, honestly. I think it will have a huge Martin Luther King weekend, personally, because it's an African-American event film. I bet most of us talking about Dreamgirls on this blog are as white as Jeffrey Wells and don't really understand the film's core impact. I could be wrong, though.
Anyway, I didn't mean to get into all of that. I wanted to ask Dave what he thinks about the box office performance of "Iwo Jima." It doesn't seem to be doing exceptionally well, and JW said it was "petering" out. Thoughts?
Posted by: chmoye
at December 30, 2006 01:50 PM
Discussing the box office of Notes on a Scandal or Letters from Iwo Jima is irrelevant until Oscar nods come out.
Children of Men's number looks pretty good to me - the 11 am show in Boston this morning was nearly full in a 500-seat theater.
The Holiday's failure is the wakeup call Nancy Meyers sorely needed.
Posted by: Rob
at December 30, 2006 03:22 PM
"Dreamgirls is already playing in its best theaters and had massive drops on Tues and Weds then dropped again on Thursday going into the weekend.By the time Dreamgirls expands most of its core audience will have seen it."
Somebody explain to me how the studios think when they have a movie on 852 screens and slowly roll it out - isn't that a BIG risk? That as stated the core audience (gay/women/Black) would have already seen it?
However, I notice that the individual songs are being released and the vids are playing on MTV and Youtube, so maybe that's part of their marktg campaign.
Posted by: Chicago48
at December 30, 2006 03:56 PM
Good question, J-Mc. But I think the intellegence - and more importantly, the willingness to engage thoughtfully - of those who come here is the reason to have it.
So, if I am so terrible, why do you come here endlessly?
Posted by: David Poland
at December 30, 2006 04:12 PM
chmoye - Iwo Jima was never destined to make much money at the box office. It is a wonderful, powerful film, but not something most people want to see. Getting a nomination and recovering his rep from Flags (or the expectation of not getting a nomination for Flags) is most likely why it is in release. It's not as though a less hectic slot would have increased its box office potential. And no doubt, his team feels that an Oscar nom will boost the numbers.
And Chicago48 - The premise that Dreamgirls will have burnt out its base has no basis in reality. It is the hope of the Dreamgirls bashers. No one made this odd claim about Chicago or A Beautiful Mind when they took a similar route. But because it is a black cast and gay men love musicals, suddenly there is a case being made by some that it will burn out.
The simple reality is, the Monday number was outrageously strong... double what was anticipated as a good number for that day. (Yes, btw, Borat is the one parallel, though there is a major seasonal variation, expansion plan, and marketing positioning.) So the drop on Tuesday and Wed was only important if you want to see the worst case scenario.
What studios see when rolling out like this is a pent up demand that gets satisfied this week followed by some post-New Year's drop off, followed by some more award noms, followed by a Martin Luther King Day expansion that will make the film available to millions who are not anxious enough to drive 50 miles or more to see the movie, followed by Oscar nominations and another expansion to even more people who are not the traditional audience for an all-Black film or a musical.
If you want to discuss risk, it is going this wide this early, not being restrained. The media obsession with the film - which has now turned rancid in some corners, as the film is blamed by the media for the hype the media created - is no more the whole world's perception than it was on Snakes on a Plane or Letters From Iwo Jima. You have to sell a movie that was not a slam dunk for the widest group of ticket buyers and you also have to be aware of the awards race. They feed and feed off of one another. This is what Team Weinstein did so well. And this is what Dreamgirls is attempting, with a bit of a twist.
The film has already reached well beyond its “core.” And the relentless effort to ghettoize the film offends me. It also makes no sense. Chicago is the biggest movie any of those actors ever made. A Beautiful Mind is the #2 movie for Crowe and for Howard and easily their biggest melodrama. The three above-the-title names in Dreamgirls are all crossover stars, the album is selling great, and the numbers are exceptional. And yet, we are still talking about its ghetto.
The alternative, of course, was a wide opening on December 22, $60 million by Jan 2 instead of $40, and the film actually burning out (around $80,) before MLK Day. Do you know the last time a movie that won Best Picture tried to open wide in December and rode it out? Rainman… in 1988. And they had Tom Cruise coming off of Top Gun, The Color of Money and Cocktail. And that is the only example in the last 30 years.
So… do you think that strategy would be wise?
Posted by: David Poland
at December 30, 2006 04:38 PM
"You can lead a horse to history, but you can't make it think."
DP, this is what I was referring to. What was the benefit of allowing this contemptuous thought outside of your own head?
Posted by: jeffmcm
at December 30, 2006 04:45 PM
Oh, to answer your question: because even though you're flawed, you're still less flawed than your competition.
Posted by: jeffmcm
at December 30, 2006 04:48 PM
Well, Jeff, you are less flawed than Mr. Wells too. But you still sound a lot more like him than you do like me.
Posted by: David Poland
at December 30, 2006 05:19 PM
I _think_ that's an insult but I'm not completely sure.
Posted by: jeffmcm
at December 30, 2006 05:32 PM
Do you know the last time a movie that won Best Picture tried to open wide in December and rode it out? Rainman… in 1988. And they had Tom Cruise coming off of Top Gun, The Color of Money and Cocktail. And that is the only example in the last 30 years.
1. Titanic (Dec 1997)
2. ROTK (Dec 2003)
Posted by: Roxane
at December 30, 2006 05:50 PM
That is right, Rox... sorry... wasn't clear enough about my perameters... both of those were anomalies as well... but fair enough...
Posted by: David Poland
at December 30, 2006 05:57 PM
Well Dave, I am listening to the sound track now and it's a very good score. So to those critics who say there's not one memorable song - I heartedly disagree, this is a wonderful score! And the marketing machine is in full force. I read on another board that JenHud is making her concert debut tonight in NYC with Hinton Battle choreographing.
Now, how cute is that?
Posted by: Chicago48
at December 30, 2006 06:37 PM
Fan-fuckin-tastic night in NYC with Jen Hud. It was AMAZING. They'd better get her to sing SOMETHING at the Oscars.
Posted by: NYCAustin
at December 30, 2006 10:18 PM
Only if they nominate "Love You I Do" because if "Listen" is the only Dreamgirls nomination you can bet your arse Beyonce is not going to share that stage with anyone.
Posted by: KamikazeCamelV2.0
at December 30, 2006 11:13 PM
Especially not with someone who would completely steal her thunder. xD
Posted by: Clycking
at December 31, 2006 02:54 AM
"And $26.8 million in five days on 852 screens is a record… however obscure."
Borat managed 32.9 on 837 in 5 days, and that's without the benefit of Christmas weekdays. Though, technically, that's balanced out by the fact that Dreamgirls hasn't had the benefit of a full weekend behind it.
Posted by: Snrub
at December 31, 2006 05:11 AM
"The Holiday's failure is the wakeup call Nancy Meyers sorely needed."
It's not Meyers who needs the wake-up call, it's the studios who keep shelling out tens of millions to a "star" who not only doesn't open films but actually keeps people away (that would be Cameron Diaz).
Posted by: Cadavra
at December 31, 2006 02:53 PM
Diaz doesn't really keep people away, if Meyers can be faulted for her casting for that movie it has to be for the box-office poison pill that is Jude Law. Chris Rock was right all along......
Posted by: Dr Wally
at January 1, 2007 06:29 AM
Diaz can be very hit-or-miss. Just last year she was ace in In Her Shoes (but outshone by Toni Collette, but that's not a rare thing for anyone opposite Collette) and she's been good in stuff like Being John Malkovich.
Although, those two weren't exactly the highest grossing movies ever (why In Her Shoes wasn't at least a $50mil grosser is beyond the realm of my brain's thinking ability) so... yeah.
Posted by: KamikazeCamelV2.0
at January 1, 2007 08:35 AM
I dunno, $50 mill domestic for a Diaz/Law/Black romantic comedy seems about right. Diaz is not box office poison, but she isn't Julia Roberts either. The film has brought in viewers. It just looks like a failure in view of its huge budget. The film should have been made for $50 mill., and it would most likely have hit profit at that budget.
Posted by: martin
at January 1, 2007 11:40 AM
Brokeback Mountain's release was so drawn out that it would've been hard for it to make much more than a few million on any day of its release. It was in so few theaters at first and then expanded so slowly that most people who wanted to see it already had by the time it was out everywhere. It wasn't until Feb. when it came around where I live.
Posted by: CaptainZahn
at January 5, 2007 04:59 PM
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