Monday, September 21, 2009

Meatballs Rules with $30M Opening

Last weekend moviegoers chose 3D fun over Hollywood stars as the animated comedy Cloudy With a Chance of Meatballs powered ahead of expectations to debut at number one grossing more than the three new live-action films combined. Matt Damon and Jennifer Aniston generated unimpressive numbers for their debuting films The Informant! and Love Happens, respectively, while Megan Fox failed to lure in ticket buyers to her horror entry Jennifer's Body. Overall, the North American box office did see a healthy double-digit gain over last year.

Movie fans of all ages lined up for Cloudy With a Chance of Meatballs making it the fifth 3D film of the year to open atop the box office chart. The PG-rated toon took in an estimated $30.1M from 3,119 theaters averaging a hearty $9,651 per site. If estimates hold, it will rank as the third best opening in the notoriously slow month of September trailing Sweet Home Alabama ($35.6M in 2002) and Rush Hour ($33M in 1998).

As with most 3D films before it, Meatballs set a new record for the widest bow for an extra-dimensional pic with 1,828 (59%) of the theaters offering the 3D version including 127 IMAX 3D venues. Many of the multiplexes also devoted at least one screen to the 2D version for those moviegoers that didn't want to pay the higher ticket price for 3D. The studio estimated that between $17.5M and $18M of the weekend gross came from the 3D screens with industry leader RealD stated that more than $16M of that figure came from their screens. IMAX sites delivered $2.5M. Despite the cost, moviegoers still found it worthy to pay for 3D entertainment on the big screen keeping the year-long boom alive and kicking.

The forecast is bright for Cloudy as the weeks ahead should continue to flourish. Critics raved about the film, audiences were very pleased with those under 24 giving it an A grade from CinemaScore, and the road ahead offers few other options for kids. Disney rolls out its double feature of Toy Story & Toy Story 2 in 3D on October 2 but the next major new film for families comes on October 16 with Where the Wild Things Are. Wild and Cloudy are both movie versions of popular kids books.

With studios and exhibitors still working together to put 3D into every cinema in the country, Cloudy's stronger-than-expected opening proves that consumer demand is still healthy for engaging films in the format, even if they don't come from DreamWorks, Pixar, or Disney. Other 3D films that opened at number one this year include March's Monsters vs. Aliens, May's Up, July's G-Force, and August's horror film The Final Destination. In addition, Ice Age 3 has grossed $195M domestically since debuting in second place in July behind the second weekend of the Transformers sequel. Those five 3D films have collectively grossed a whopping $864M from North America alone and Cloudy stands a chance of adding in another $100M or more.

Opening in second place with a mediocre launch was the Matt Damon undercover drama The Informant! which grossed an estimated $10.5M from 2,505 theaters. Averaging a so-so $4,210 per site, the R-rated Warner Bros release from director Steven Soderbergh was marketed as a comedy caper pic and played to mature adults. The opening was worse than the debuts for other adult-skewing star-driven dramas from this year like State of Play ($14.1M) and Duplicity ($14M) and was just barely ahead of the $9.7M of The Soloist showing once again how difficult it can be for studios to draw in paying customers with these types of movies. Reviews were generally good for Informant and Damon is a big star, but outside of the Bourne franchise he has troubling anchoring a hit all by himself.

Tyler Perry fell two spots to third place with his latest film I Can Do Bad All By Myself which grossed an estimated $10.1M, off a steep 57% in its second weekend. The sophomore drop was almost identical to the 58% fall that the filmmaker's The Family That Preys suffered one year ago this weekend and was slightly better than the 61% tumble that February's Madea Goes to Jail witnessed. After ten days, Myself has banked a solid $37.9M and looks headed for a $50-55M final.

Jennifer Aniston found herself in fourth place with the new romantic drama Love Happens which bowed to an estimated $8.5M. The Universal release averaged a mild $4,455 per location and launched in the fewest theaters among the new films with only 1,898 sites. The PG-13 love story had little appeal outside of its core audience of adult women. Studio research showed that 78% of the crowd was female and 71% was 30 or older. Budgeted at only $18M, Love was not too expensive of a gamble and did show that outside of comedies, the former Friends star Aniston is not necessarily a bankable draw at the box office.

Having the least bite among the weekend's four new releases was the Megan Fox-led horror flick Jennifer's Body which collected just $6.8M, according to estimates, from a very wide 2,702 theaters for a dismal $2,517 average. Despite being one of Hollywood's most followed celebrities, the Transformers starlet failed to pull moviegoers into the multiplexes. Body had a strong marketing push from 20th Century Fox and even some starpower from Oscar-winning writer Diablo Cody. But the overabundance of horror films in recent weeks took its toll and Fox could not flex any muscles when it came to anchoring her first major film. Her agents will now have difficulty landing big paydays for future films.

With its R rating, Jennifer's Body skewed towards young adults and successfully played to both genders. Studio research showed that 70% of the audience was under 25 and 51% was female. Reviews were not too good, but most horror films are treated that way from critics. Produced for only $16M, Body should be able to break even when it reaches DVD where it should connect with a larger fan following.

# Title Sep 18 - 20

Theaters

Cumulative Distributor










1 Cloudy with a Chance of Meatballs $ 30,100,000

3,119

$ 30,100,000 Sony
2 The Informant! 10,545,000

2,505

10,545,000 Warner Bros.
3 I Can Do Bad All By Myself 10,066,000

2,255

37,938,000 Lionsgate
4 Love Happens 8,456,000

1,898

8,456,000 Universal
5 Jennifer's Body 6,800,000

2,702

6,800,000 Fox
6 9 5,458,000

2,060

22,794,000 Focus
7 Inglourious Basterds 3,603,000

2,519

109,901,000 Weinstein Co.
8 All About Steve 3,400,000

2,159

26,678,000 Fox
9 Sorority Row 2,490,000

2,591

8,871,000 Summit
10 The Final Destination 2,375,000

1,805

62,392,000 Warner Bros.

No comments: