Scotty G’s Box Office Wrap-Up Report


Christmas has come to an end and we have a new box office champion. Little Fockers was able to gross more than the two Jeff Bridges films in release: True Grit and Tron: Legacy. Another two films (these ones in limited release) faired quite well on their opening weekends too. The big story to me is that Gulliver’s Travels pulled a How Do You Know and had an absolutely terrible debut. Have I peaked your interest? Hopefully so, and without further ado, here’s how the box office broke down:

Debuting in 1st place is Little Fockers with a gross of $34 million (I predicted a 1st place finish and a gross of $31 million). The film had a per theatre average of $9,620, which was the highest per theatre average of any film in the top ten. The opening weekend was decent, but it was definitely not as close to the opening weekend of the second film. See below:

2000 – Meet the Parents – $28.6 million opening weekend
2004 – Meet the Fockers – $46.1 million opening weekend
2010 – Little Fockers – $34 million opening weekend

The franchise is definitely beginning to show its age and the terrible reviews Little Fockers has been receiving should help for a rapid decline over the coming weeks. Next week will be an interesting one for the film to me because there are no major films going into wide release, so we’ll see if Little Fockers can hold onto the top spot. Universal is sure hoping it can with a budget listed near $100 million. Since opening earlier in the week, Little Fockers has grossed $48.3 million.

Debuting in 2nd place is the Jeff Bridges, Matt Damon and Josh Brolin western True Grit with a gross of $25.6 million (I predicted a 3rd place finish and a gross of $25 million). True Grit had a per theatre average of $8,402. The film was directed by the Coen Brothers and gave them a career high for opening weekend gross. See below:

2010 – True Grit – $25.6 million opening weekend // 3,047 theatre count
2008 – Burn After Reading – $19.1 million opening weekend // 2,651 theatre count
2003 – Intolerable Cruelty – $12.5 million opening weekend // 2,564 theatre count

The film should hold up well in the coming weeks as it has been receiving glowing reviews and it might even be the #1 film at the box office next weekend if it posts a strong enough hold. I expect True Grit to be around come Oscar time. The Paramount release has a budget listed at $38 million, and since its opening earlier in the week, it has grossed $36.8 million, so a profit will be made.

Jeff Bridges stars in the #3 film as well as Tron: Legacy drops from 1st place to 3rd place with a gross of $20.1 million (I predicted a 2nd place finish and a $28.6 million gross). The film had a per theatre average of $5,826, and was down a high 54.6% from last weekend (the film had the highest percentage drop of any film in the top ten). What surprised me about the drop was the fact that this is an event film only a week into its release and the Christmas season is one of the busiest of the year. Disney knows they are not making any money on this film domestically as the total gross now stands at $88.2 million and the budget is rumoured to be around $170 million.

The Chronicles of Narnia: The Voyage of the Dawn Treader dropped from 3rd place to 4th place with a gross of $10.8 million (I predicted a 7th place finish and a gross of $7.7 million). The film had a per theatre average of $3,224 and was down only 12.8% from last weekend (which was the lowest percentage drop of any film in the top ten). The Chronicles of Narnia: The Voyage of the Dawn Treader is nowhere close to the grosses of the first two films, but this installment behaved like a major event film should at Christmas time, and that is to post an extremely strong hold. Here is what the three films in the franchise have grossed:

2005 – The Chronicles of Narnia: The Lion, The Witch and The Wardrobe – $291.7 million
2008 – The Chronicles of Narnia: Prince Caspian – $141.6 million
2010 – The Chronicles of Narnia: The Voyage of the Dawn Treader – $63.9 million

The strong hold is a minor victory for a film that cost $155 million to make and as you can see above, after three weeks The Chronicles of Narnia: The Voyage of the Dawn Treader has only grossed $63.9 million, but it’s a small victory that 20th Century Fox will take.

Yogi Bear dropped from 2nd place to 5th place with a gross of $8.8 million (I predicted a 6th place finish and a gross of $8.8 million). The film had a per theatre average of $2,504 and was down 46.4% from last weekend. Again, I thought for an event film the hold would be a lot better, but that just goes to show you that audiences are really not interested in the big-screen adventures of Yogi Bear. After two weeks, the film has grossed $36.7 million, which is not good considering the film cost $80 million to make.

Dropping from 4th place to 6th place is the Mark Wahlberg//Christian Bale drama The Fighter with a gross of $8.5 million (I predicted a 5th place finish and a gross of $9.3 million). The Fighter had a per theatre average of $3,385 and the gross was down 30% from last weekend. The critically acclaimed drama performed well this weekend and the Oscar buzz the film has received is certainly making adults go out to see the film. After three weeks, The Fighter has grossed $27.5 million and is now a profitable film for Paramount as the budget is listed at $25 million.

Debuting in 7th place to horrendous results is the Jack Black comedy Gulliver’s Travels with a gross of $7.2 million (I predicted a 4th place finish and a gross of $16 million). The per theatre average for Gulliver’s Travels is a terrible $2,828. Like How Do You Know last weekend, Gulliver’s Travels is an absolute misfire at the box office this weekend. Audiences have rejected it and 20th Century Fox has to be incredibly disappointed with their December films as both Gulliver’s Travels and The Chronicles of Narnia: The Voyage of the Dawn Treader have bombed at the box office this winter. Gulliver’s Travels has not listed its budget as of this writing and I think that is a good thing, because I don’t think it will be making back its budget.

Dropping from 7th place to 8th place is the Natalie Portman ballet thriller Black Swan with a gross of $6.6 million (I predicted an 8th place finish and a gross of $5.7 million). Black Swan had a per theatre average of $4,502 and was down only 21.3% percent from last weekend. The films geared to adults were definitely the story of the weekend as most films geared towards that audience posted strong holds. After four weeks of release, Black Swan has grossed $29 million and is close to tripling its budget of $13 million.

Tangled drops from 5th place to 9th place with a gross of $6.5 million (I predicted a 9th place finish and a gross of $5.3 million). Tangled had a per theatre average of $2,525 and was down 25.7% from last weekend. Like 20th Century Fox, Disney has to be disappointed by its two major releases this winter season, as both Tangled and Tron: Legacy cost a lot of money to make, and both will not come close to making back their budget from the domestic gross. The budget for Tangled is listed at $240 million, and in five weeks it has grossed $143.7 million.

Dropping from 6th place to 10th place is the Angelina Jolie/Johnny Depp thriller The Tourist with a gross of $5.7 million (I predicted a 10th place finish and a gross of $4.9 million). The Tourist had a per theatre average of $2,068 and was down 33.1% from last weekend. In three weeks, The Tourist has grossed $41.1 million and its budget is listed at $100 million.

In limited release:

Country Strong – This film stars Gwyneth Paltrow as a former country singer trying to make a comeback. The film grossed $17,300 from 2 theatres for a per theatre average of $8,650.

The Illusionist – This animated film is about an illusionist who is seeing his popularity decrease as rock concerts become more popular in the 1950’s. He meets a young girl named Alice, and impresses her by conjuring up gifts for her. She thinks he is making them out of thin air, but to keep her impressed he is actually buying them first and then making them appear. The more he wants to impress her, the more elaborate the gift is, which puts him into more and more debt. The film grossed $50,600 from 3 theatres giving it a per theatre average of $16,867.

Somewhere – This film is from director Sofia Coppola and stars Stephen Dorff as a celebrity living a care-free existence at a Los Angeles hotel, until his daughter shows up at the hotel to stay with him. He has to decide whether to continue his lifestyle or put his daughter’s life before his. The film grossed $142,000 from 7 theatres for a per theatre average of $20,286, which was the highest per theatre average of any film in release.

Tees Maar Khan – This film is about a group of thieves trying to pull off the heist of a lifetime. It has not reported its gross as of this writing.

So to recap, here were my predictions:

Little Fockers – $31 million
Tron: Legacy – $28.6 million
True Grit – $25 million
Gulliver’s Travels – $16 million
The Fighter – $9.3 million

And here are the actual numbers:

Little Fockers – $34 million
True Grit – $25.6 million
Tron: Legacy – $20.1 million
The Chronicles of Narnia: The Voyage of the Dawn Treader – $10.8 million
Yogi Bear – $8.8 million

My predictions were off by $15.2 million.

Next weekend, Little Fockers and True Grit will once again battle for the #1 spot as no new films go into wide release. Check out Biff Bam Pop next Friday to read my predictions!

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