Monday, August 10, 2009

Audiences Support G.I. Joe at #1

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LAST WEEKEND Movie fans wanted mindless action and real American heroes and drove G.I. Joe to a huge number one opening grossing more than the next five films combined by targeting young males. Meryl Streep held her own against all the military hardware generating a strong second place showing for her turn as a celebrity chef in Julie & Julia which played well to adult women. Entertaining entirely different audiences, the two new releases joined forces to help the North American box office break a four-week losing streak as the marketplace beat out last year's numbers by a healthy margin.

Attacking an ultrawide 4,007 theaters, G.I. Joe: The Rise of Cobra posted the fourth largest August opening ever taking in an estimated $56.2M this weekend. The Paramount hit averaged a muscular $14,025. With an additional $44M from foreign bows in numerous territories, the PG-13 film collected $100M worldwide in its first weekend of play. After its Transformers sequel got panned by critics but attracted massive crowds of moviegoers as 2009's top blockbuster, the studio decided to limit the number of press it would show Joe to ahead of the release. The only films to open bigger in August were The Bourne Ultimatum ($69.3M in 2007), Rush Hour 2 ($67.4M in 2001), and Signs ($60.1M in 2002).

Studio research showed that males made up 60% of the crowd while those over and under 25 were evenly split. Families made up one-third of the audience while 25% of the turnout was Latino. Friday started with a bang with $22.3M in ticket sales. Saturday saw a 18% fall to $18.3M while Sunday is estimated to decline by another 14% to $15.7M. Produced for a hefty $175M and marketed aggressively to mainstream American moviegoers looking for escapist popcorn fare, G.I. Joe opened as the final major action tentpole of the summer and faced little competition from similar titles.

Adult women not interested in mindless violence lined up for the Meryl Streep-Amy Adams pic Julie & Julia which opened to a strong $20.1M, according to estimates. Playing in 2,354 theaters, the PG-13 film averaged a strong $8,539 per location and was effective counter-programming against the testosterone blast of G.I. Joe. If estimates hold, Julie will give Streep a $20M+ opener in three of the last four summers with each one programmed against a male-skewing action tentpole. In 2006, her comedy The Devil Wears Prada debuted to $27.5M opposite Superman Returns while last summer's musical Mamma Mia! bowed to $27.8M against the record launch of The Dark Knight. Now 60, Streep has become a potent box office star in her later years.

Produced for just $38M, Julie enjoyed a 17% sales bump on Saturday and scored an encouraging A CinemaScore grade making the road ahead look very promising. Films targeting older women tend to have legs too so a final gross north of $80M could result. Studio research from Sony indicated that the film connected with its target audience as 67% was female and 64% was 35 or older. Reviews were positive and moviegoers came out to see the Oscar winner play chef Julia Child.

Disney's 3D actioner G-Force dropped 44% but remained in third place taking in an estimated $9.8M pushing the cume to a robust $86.1M for the expensive pic. The Jerry Bruckheimer production looks to break the $100M mark in another week or so.

Ranking fourth with an estimated $8.9M was Harry Potter and the Half-Blood Prince which lost 50% of its business. With $273.8M grossed in 26 days, the latest Hogwarts pic is running 5% ahead of the last film in the series Harry Potter and the Order of the Phoenix which had taken in $261M at the same point in its run. But with ticket prices rising by 7% over the last two years, Prince has actually sold slightly less stubs than Phoenix. A final domestic tally of about $300M still seems likely. Overseas, the horny teen wizards captured an estimated $22.3M (down 49%) to boost the international total to a stellar $541.8M and the global gross to a staggering $815.6M.

Audiences abandoned the Adam Sandler-Judd Apatow experiment Funny People which collapsed 65% in its second weekend grossing an estimated $7.9M. Falling from first to fifth place, the R-rated dramedy raised its ten-day cume to a disappointing $40.4M and is likely to end its domestic run with a dismal $60-65M. That's a far cry from Apatow's previous R-rated summer comedies The 40-Year-Old Virgin ($109.2M) and Knocked Up ($148.8M). Funny's failure to please crowds will also put an end to Sandler's streak of seven consecutive years with $100M+ grossers. Budgeted at $75M, the Universal film will also struggle overseas.

Knocked Up star Katherine Heigl followed in sixth with her date movie hit The Ugly Truth which pulled in an estimated $7M, off 47%. The Sony romantic comedy has collected a solid $69.1M. With its $38M pricetag, Ugly cost substantially less than both Funny People and BrĂ¼no and will gross much more winning the three-way battle of the R-rated July comedies.

More bad news for Universal came in seventh place where its suspense thriller A Perfect Getaway grossed a weak $5.8M, according to estimates, in its opening weekend. The R-rated fright pic averaged a dismal $2,670 from 2,159 locations. Getaway was produced for $14M by Rogue Pictures which also paid for the marketing cost. Females made up 52% of the audience.

Fox's kidpic flop Aliens in the Attic tumbled 50% in its second weekend to an estimated $4M boosting the ten-day total to $16.3M. A $25-30M final seems likely. Two films tied for ninth place including the horror title Orphan with an estimated $3.7M, off 50%, for a $34.8M sum for Warner Bros. After two weeks at number 12, Fox Searchlight's indie hit (500) Days of Summer expanded nationwide and jumped up into the top ten with an estimated $3.7M as well. The Joseph Gordon-Levitt-Zooey Deschanel love story widened from 266 to 817 sites and averaged a good $4,559. Total stands at $12.3M.

New totals for summer blockbusters outside of the top ten include $393.7M for Transformers: Revenge of the Fallen, $287.4M for Up, $262M for The Hangover, $187.8M for Ice Age: Dawn of the Dinosaur, $174.9M for Night at the Museum: Battle of the Smithsonian, and $154.8M for The Proposal.

Opening to moderate results in limited release, the mockumentary Paper Hearts grossed an estimated $206,000 from 38 theaters for a decent $5,421 average. The Charlyne Yi-Michael Cera pic generated mixed reviews for Overture. The Paul Giamatti comedy Cold Souls bowed in just seven locations and grossed an estimated $63,000 for a solid $9,000 average. Critics were generally pleased.

# Title Aug 7 - 9

Theaters Weeks
Cumulative Distributor










1 G.I. Joe: The Rise of Cobra $ 56,200,000

4,007 1
$ 56,200,000 Paramount
2 Julie & Julia 20,100,000

2,354 1
20,100,000 Sony
3 G-Force 9,804,000

3,482 3
86,116,000 Buena Vista
4 Harry Potter and the Half-Blood Prince 8,880,000

3,455 4
273,800,000 Warner Bros.
5 Funny People 7,866,000

3,008 2
40,417,000 Universal
6 The Ugly Truth 7,000,000

2,975 3
69,088,000 Sony
7 A Perfect Getaway 5,765,000

2,159 1
5,765,000 Universal
8 Aliens in the Attic 4,000,000

3,108 2
16,293,000 Fox
9 Orphan 3,730,000

2,270 3
34,822,000 Warner Bros.
9 (500) Days of Summer 3,725,000

817 4
12,343,000 Fox Searchlight

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