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April 12, 2008

Iron Money

I’m starting work on my Summer Preview for next week on MCN, but with all the Iron Man talk, I thought I would offer this much now.

The First Weekend of Summer became the first weekend of May in 1998 with Deep Impact, the first movie to open in that slot to gross over $100 million in history. (Technically, it was actually the second weekend, with May 1 being treated as April fringe and DI opening on May 8... but perception/reality... oy.)

Of the nine films in the slot since then, only 3 have made less than D.I.’s $140 million domestic – Mission:Impossible III, Van Helsing, and the lowest grosser of them all, Kingdom of Heaven. All three have been seen as flops, fairly or not (not the point of this piece).

So, $140 million is The Success Bottom for that slot.

The six “successful films” in that slot, since DI, are: The Mummy ($155m), Gladiator (188m), The Mummy Returns ($202m), X2: X-Men United ($215m), Spider-Man 3 ($337m), Spider-Man ($404m).

You notice the obvious… half of the films are sequels.

The other three are, arguably, category launchers. The Mummy used Big CG and the template of old-fashioned films that has not been seen since Indiana Jones signed off to relaunch a genre. Gladiator was the first major sword & sandals film in a generation. And Spider-Man became the first real CG superhero film, starring the 3rd biggest comic book character of all time (while WB flailed around trying to get Batman and Superman back in business), with a nice-boy teen hero, made gently for four-quadrant accessibility.

So the question is… is Iron Man a category launcher?

I don’t think so.

In fact, I think Paramount has acknowledged in its marketing choices that it is not.

Moriarty’s mom may be into it (if that was him posting as "Drew" at Anne Thompson’s blog), but do you see any reason why teen girls are going to pay to see this film? Their moms? (And that is without accounting for Made of Honor, which will be the cause of many date fights that weekend.)

Irony and blasters are great for geeks and teen boys. But Downey, a special actor, is not the kind of star that will make Iron Man a must see for the smarty set.

Now… that said, the movie will open to over $50 million. Let’s not forget that Van Helsing, for all the shit Universal ate on it, opened to $47 million, the best opening for a non-sequel or non-Spidey 1 in that slot. Kingdom of Heaven is the only movie in the last seven years NOT to open to at least that much.

Flip side, the only movie to open to more than $86 million in that slot have been the Spider-Man films.

So, while stats can be wrong, there is, to my eye, a 90% or better chance that Iron Man will open between $50 million and The Mummy Returns’ $68 million.

Is that HUGE?

If you say so.

It IS solid. And that is the advantage of that slot. You have the open space to get a big start.

And then, it’s about legs.

The best legs in that slot in the last decade belong to Gladiator, whose opening weekend was just 18.5% of its domestic gross. Spider-Man 3, with an opening representing 44.9% of its total gross is the worst (though it was by far the biggest opening). Very roughly, that means that these films do between 2x opening and 5x opening. Most are 3x to 4x.

So do the math. If Iron Man does $60 million on opening weekend, $200 million is about the best that they can expect as the domestic gross, unless the film becomes a true phenom.

Last summer, that would have made it the #8 film. Is that HUGE? Or just good?

Ironically, #8 and #9 last summer (The Simpsons Movie and Knocked Up) were HUGE with less of a domestic gross… because they were so cheap to make.

Like I said at the top, I haven’t laid out the whole summer yet, so I won’t project anything more onto Iron Man… other than a gross around $170 million.

And before someone gets all uppity about that… remember… for a non-sequel in that slot, it is only behind Spider-Man and the extremely long-legged Gladiator.

And fighting off the other side, I would argue now that anything over $150 million domestic for Iron Man is a success. And that’s the problem with all the “HUGE” talk. The film can open to $60 million and do $155 million and still be branded a “miss” by the boo birds… and that’s really unfair.

Posted by poland at April 12, 2008 04:02 PM

Comments

My sister -- a total soccer mom in Virginia -- told me she can't wait to see it. And she sees about three movies a year.

Who knows? Hopefully it will do well enough to make Don lose his stupid signature. Seriously, what's the deal? Did Favreau bitch-slap him too?

Posted by: MASON [TypeKey Profile Page] at April 12, 2008 04:54 PM

Heat: teen girls have teen boyfriends, that will want to see this movie. If you think it's so low before we even get to freakin May 1st. This is how you roll because you simply refuse to accept this movie as being anything more than some rinky-dink comic book movie to open the Summer. It's you right, but IT'S IRON-MAN.

Posted by: IOIOIOI [TypeKey Profile Page] at April 12, 2008 04:55 PM

What about Twister? It opened on May 10th (early May technically the second week like The Mummy, and what's a couple days amongst friends?) and ended up making considerably more money than the much more heavily hyped Mission: Impossible, which opened on the coveted Memorial Day weekend.

Posted by: therealmrbortman [TypeKey Profile Page] at April 12, 2008 05:15 PM

Again, IO... it's NOT low.

I love Iron Man. I grew up loving him above all other comics. But outside of my personal feelings, he isn't a natural franchise on the level of Spider-Man and he isn't as four-quadrant friendly as Spider-Man.

It has nothing to do with the movie, ultimately. It has to do with selling the movie.

I have seen the ads. I have the toy. I watched the free sequence on Apple. It all looks fine... a CG metal suit shooting cool shit with a clever actor inside. Great. I'm there. I am looking forward to seeing Iron Man vs Transformers when I am 60.

But where do people get this thing about this number being sooooo low. Batman Frickin' Begins did $205 million... rave reviews... geek jism... so Iron Man is supposed to be bigger than that?

Irrational.

Posted by: David Poland [TypeKey Profile Page] at April 12, 2008 05:27 PM

I can't imagine it being seen as a miss making anything over $150. Iron Man may be a name in the comic book community, but that's a small group (as Dave says, the geek $8 million). It also doesn't have huge name talent to draw a crowd. Downey Jr. is a great actor and looks like a strong choice for the role, but he's never been big box office. It's like of like Jumper, which IMO is a solid hit with $80 mill off the back of Hayden Christensen, who outside of SW is not necessarily guaranteed box office. Iron Man making $150 is also a "hit" based on its market-drawing elements. If $150 mill for IM and $80 mill for Jumper meant losing money, then the real problem is that they were budgeted wrong. Cause they made about what should have been expected, and even hoped for.

Posted by: martin [TypeKey Profile Page] at April 12, 2008 05:35 PM

Didn't we kinda go through this with Transformers?

Posted by: MASON [TypeKey Profile Page] at April 12, 2008 05:44 PM

A fair analysis, Poland. I think it'll hit the high side of your projections, but you're right that it's not a phenom.

That said, a $150-$200m gross will be considered a very nice haul for this property, and well within lines of other recent comic book films.

Posted by: Wrecktum [TypeKey Profile Page] at April 12, 2008 05:49 PM

I'm looking forward to this - not so much for the property, but cos I like the actors and the director involved. It looks like it'll be fun, and if does live up to that promise, I think it will do alright at the box office.
What everyone wants to see is Indy or the Dark Knight. Thankfully one of those is out sooner than later.

Posted by: Aladdin Sane [TypeKey Profile Page] at April 12, 2008 06:04 PM

It's funny to think about where Iron Man fits into the Marvel universe because, frankly, I grew up pretty hardcore Marvel - not D.C. at all - and Iron Man was one of those characters like Captain America that, for me, appealed to a generation of comic fans that grew up in the seventies, not necessarily the mid-eighties and early nineties.

Yes, NOW there's great writing again for the characters - specifically Brubaker's run on Cap and the Warren Ellis run on Iron Man - but for awhile there, Iron Man, Thor and some of the other Marvel titles just weren't being given the kind of attention, say, X-Men was or even the many different Spidey titles (Web, Spectacular, Amazing and eventually the Todd MacFarlane "thing"). Hell, Punisher was a hipper read around then than Iron Man or Thor and even an X-Factor "Inferno" tie-in was niftier than anything having to do with Reed and Sue finally popping out a kid in FF.

So, even though Iron Man is, yes, pretty recognizable and a big part of the Marvel universe, I'd say that for a certain generation - one who grew up thinking Captain America couldn't hold a candle to Wolverine - he's a second tier character.

And yes, I know how nerdy this all sounds.

Posted by: SJRubinstein [TypeKey Profile Page] at April 12, 2008 06:12 PM

Actually, not, Mason.

Transformers was slotted in position to do the numbers it did. Iron Man is not... unless ou think it's Spider-Man all over again. Does it look like Spider-Man all over again to you?

Transformers hit the kid market huge. Iron Man is not being sold to that market in the same way... nor does the character have a live inside of our homes the way Transformers did for 2 generations.

And in the end, I was wrong about how much built-in interest Transformers had and how much CG Tranformers appealed to people. But this is a very different animal.

We are in the same place, in that my $200 million estimate for Transformers was not insulting or crazy. But it was wrong.

The same kind of issues are there around Indy 4. Is it a $300 million movie or a $200 million-plus movie? You could make the "it's too old to be sure" argument. You could make the "it's the only real 4-quadrant film of the season" argument as well.

Is Hancock a $200 million movie or a $300 million movie? There have only been two $300 million movies in that slot. But it's Will Smith in an action comedy, two of which have done over $250 million for him opening July 4 weekend.

And we had the same conversation a couple years ago about Superman Returns, no?

Posted by: David Poland [TypeKey Profile Page] at April 12, 2008 06:15 PM

Wasn't me at Anne's blog.

But I don't know anyone who isn't at least intrigued by IRON MAN now that the campaign's in full-swing, and everyone who has actually laid eyes on it seems to be full-blown dizzy about it. Sounds great.

Posted by: Drew [TypeKey Profile Page] at April 12, 2008 07:27 PM

I really don't think Dave's expectations are out of line - have any other comic book movies really broken way out of the $200 million statospher in recent years, besides Spiderman?

Honestly, I see this doing 300 numbers - $70 million opening and $210 overall - nothing to sneeze at.

The trailers have been great, though - honestly, seems like Paramount has their heart more in this one than Indiana Jones. Could it be a category maker? Probably no. But could this be Downey Jr's commercial breakout a'la Depp in Pirates? Posssibly. I know that some one earlier mentioned that Downey doesn't have near the female appeal that Depp does....but we are not that many years from when he was on Ally McBeal and woman loved him on that show.

Posted by: Geoff [TypeKey Profile Page] at April 12, 2008 07:45 PM

Meh. Sooo not interested in Iron Man.

Posted by: KamikazeCamelV2.0 [TypeKey Profile Page] at April 13, 2008 12:26 AM

SJ... he's Iron-Man. He's the first tier of first tier. He's been in the first chair for most of this decade, and some part of the last. If you are a kid in a comic book shop. Tony Stark's image is very familar to you. Hell. If you have seen the biggest comic book toy of the last 10 years in any toy isle. IRON-MAN is familiar to you.

I simply see it as irrational to believe in this day and age -- as in 2008 -- that anyone would believe 150 to 200 million is reasonable for this movie. This has been brewing for over a year now. Anyone short-selling this film with such ridiculous numbers (ticket prices going up and what not), comes across as silly to me.

Posted by: IOIOIOI [TypeKey Profile Page] at April 13, 2008 12:40 AM

He is _not_ 'first tier of first tier'. That stratosphere is limited to Batman, Superman, and Spider-Man. Maybe Hulk. We're talking comic book characters that everybody knows, from kids to grandparents. And while Iron Man is high up there, he's not in total name recognition territory yet.

Posted by: jeffmcm [TypeKey Profile Page] at April 13, 2008 04:07 AM

Actually Jeff it's Supes, Bats, Spidey, and Wolvie. If you want to break it down to the above leve, that sort of thing I can accept. I am still on with Iron-Man being under-sold by many, that may be shocked when it may pull-off. What it may pull-off.

Posted by: IOIOIOI [TypeKey Profile Page] at April 13, 2008 04:25 AM

I think Wolverine is just below the others you mention. Captain America and Wonder Woman are properly in that same territory.

Posted by: jeffmcm [TypeKey Profile Page] at April 13, 2008 04:45 AM

I think IRON MAN is second-tier, but he's at the top of that tier. Anyone into comics in the 70s and 80s as kids will at least be aware of him. And, visually, he's more interesting than, say, Daredevil or Blade or even Hulk (at least the Hulk we got onscreen). Shit'll blow up real good, and the dude flies to boot.

I expect this to do well.

Posted by: Alan Cerny [TypeKey Profile Page] at April 13, 2008 06:11 AM

I'm looking forward to the Iron Man movie as much as anybody else as it looks like "one of the good ones," so I think it'll be pretty huge. Was commenting more on the character's place among Marvel characters than the movie itself.

The thing is, however, with Spidey, it's a teen getting to do his big, wish fulfillment adventure. With the X-Men - again - it's getting to go to school with Wolverine. With Batman, there's a little of that childhood fear of having your parents taken away and getting to grow up as a ninja to become Batman. With Superman, you're a kid from an alien world - all alienated and stuff - growing up with bullies, but They Don't Know Your Secret!

There is definitely big-time kid wish fulfillment in getting to be a super-cyborg like Iron Man, but like the surgeon-who-got-in-an-accident-and-got-into-eastern-mysticism origin for Doctor Strange, Tony Stark's origin story isn't as intuitively kid-friendly as, say, Spider-Man.

Again, this is just my opinion. Reading this thread has kind of made me wonder why I never really got into Iron Man as a kid and this is one possible answer.

Posted by: SJRubinstein [TypeKey Profile Page] at April 13, 2008 08:33 AM

if they want a campaign that's more four quadrant friendly, i'd be showing more Paltrow. Not a lot mind you, but women like her, and that gag bit at the end of the ad 'this isn't the worst thing you've caught me doing' plays kind of flat.

Posted by: anghus [TypeKey Profile Page] at April 13, 2008 08:47 AM

Has anyone noticed that the director of Sony's "Iron Man" counterprogrammer, "Made of Honor," is Paul Weiland?
This is the same guy who helmed Bill Cosby's staggeringly bad b.o. dud "Leonard Part 6" (a 007 spoof that was at least two decades out of date when it opened at Christmastime 1987) and the insufferable "City Slickers" sequel, "The Legend of Curly's Gold."
How does someone with a resume that godawful stinky even get a job??!!
I'd put my money on Cameron Diaz-Ashton Kutcher's "What Happens in Vegas"--opening the following week as counterprogramming to "Speed Racer"--for the May rom-com
crown. ("Sex and the City" opens too late in the month for eligibility.)

Posted by: movieman [TypeKey Profile Page] at April 13, 2008 09:15 AM

I would say the film will land in around the x2/Batman Begins mark of $200-220 million. I never expected a monster here. If it sucks, maybe it'll be worse. But word of mouth will carry it far (just like those two films) if it is indeed what we all hope it is.

Posted by: Kristopher Tapley [TypeKey Profile Page] at April 13, 2008 10:12 AM

Mason,

I don't mean to be disrespectful, but it's asinine to compare Downey JR. with Hayden Christensen..

The chicks are going to come out in droves for this flick pushing it to almost four quadrant status.

Mark my words.

Why?

I can't tell you how many women I've dated that have an unhealthy weird attraction to Robert Downey Jr.

It is in the same vein as Depp, but different in that they know he's the guy with the crazy and the drugs and the prison - and they don't care!

They love this guy since Weird Science, Back to School and he slayed them with Less Than Zero, the way Cusack got them with Say Anything. And he reignited it on his Ally McBeal run...

Downey is the ulitmate "rescue" sex symbol.

That attractive but flawed guy that women just want to rescue and clean him up and fix him and make him better, so they can validate themselves!

Which is in nature of the Tony Stark character.

Combined with those story elements and Favreau's more intimate story telling instincts, seeing a story where the rescue character fixes himself and transforms into the ass kicking Alpha-Male...

This is going to be the comic book flick that women are going to flock to...

Believe it.

The trailers show wit, stakes, thrills and passion

Chicks from Generation X and younger love, love, Downey JR..

Combined with the fact that we are in the worst movie drought for quality fun in ages (At least that's how all my middle America friends feel)

Factor in a country (and possibly world) that as a society is deeply depressed from a War and recession looking for some escapism entertainment...

BOOM!!! Way bigger numbers than you're all predicting...

And it will just keep getting bigger. Because the more this country can get two hours to escape all the negativity running around, they're going to be there.

For Tony, For Speed, For Indy, For Bruce.

This will be a summer for the ages because the country needs a place to breathe and feel something that of a higher vibration than what they get day to day.

That is the power of story, and film and why we're all here...

And why these movies are going to ignite huge box office and spin that the business is better than ever (it's not)

Also...

Hayden Christensen isn't even fit to wipe the amphetamine laced dribbles from Downey's nose.

Posted by: THX5334 [TypeKey Profile Page] at April 13, 2008 01:21 PM

THX dude,

you forgot "Only You". He was a riot.

I've been an Iron Man collector since I was a wean, so I'll be there and Robert Downey is PERFECT for that role. I was cringing when Tom Cruise was being considered.

RObert Downey I don't want to fix up, even though he needs his ass kicked over and over again, as he would be the first to admit.

I'm alsoa SPeed Racer freak and I quietly hope it will not be uncool.

Posted by: Lota [TypeKey Profile Page] at April 13, 2008 03:11 PM

THX, I got a kick out of your "rescue" comments about Downey, Jr. and you are so right - honestly, if he had the same agent as Matthew McConaghey, there's little doubt he could have that same kind of career, as well (why would he, of course?)

Dave makes some good points about how they really haven't played up the sex appeal/woman angle in the ads, but it's still quite early. I'm sure they'll do some romance-angle ads with more shots of Paltrow - it's a no-brainer. And Downey will probably make the rounds on The View, Tyra, Oprah, etc. - you can bank on that, as well. If Downey is going to go out and sell this thing to the right channels, then look out.

I still think just over $200 million is the end goal for Paramount - it's not underestimation at all for a "second tier" comic book hero. If this film can gross on the par of Batman, Superman, and X Men, then the battle has been won and look out for the sequel.

Posted by: Geoff [TypeKey Profile Page] at April 13, 2008 06:04 PM

Actually, from what I've seen of Paltrow in clips/trailers so far, this looks like her first brazenly sex-appealing turn since Flesh and Bone.

Posted by: Joe Leydon [TypeKey Profile Page] at April 13, 2008 06:55 PM

They heavily pushed her sex appeal (or lack thereof) in all of the marketing for Great Expectations several years back.

Posted by: Geoff [TypeKey Profile Page] at April 13, 2008 08:18 PM

My friends love Downey Jr, but mostly as his character from Ally McBeal. it still confuses me.

Posted by: KamikazeCamelV2.0 [TypeKey Profile Page] at April 13, 2008 11:24 PM

PALTROW in FLESH AND BONE = MORE LIKE FLESH AND BOOOOOOOOOOOOOOOOOOOOOOONER.


HOT. NESS.


The cast on this owns all and Bridges alone should make this a must-see because EIGHT MILLION WAYS TO DIE FUCKING RULES YOUR WEAK ASS SO FUCKING HARD YOU DON'T EVEN KNOW.

8 MILLION WAYS TO OWN YOUR ASS.

Posted by: LexG [TypeKey Profile Page] at April 15, 2008 02:50 AM

The thresh hold for IM opening weekend is 80M.

Top-Tier characters are based upon worldwide licensing. It's been Superman, Batman, Spider-Man Wonder Woman, and Hulk for decades. FF and Punisher rank higher than Wolverine.

I never read the shooting draft for Hancock, but when it was At Night He Comes with Mann as director, it didn't feel like a summer film, let alone monster numbers.

What I find funny is that Hancock and Watchmen are considered the "anti-superhero" superhero films, yet every indication is that the productions moved as close as possible to being more formulaic.

Posted by: Martin S [TypeKey Profile Page] at April 15, 2008 08:23 AM

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