Tuesday, January 5, 2010

'AVATAR' done it again and again!


Last weekend, over the first weekend of 2010, moviegoers still had their minds on the year 2154 as James Cameron's futuristic 3D adventure Avatar easily remained number one for a third consecutive frame breaking records and smashing the $1 billion global box office milestone in the process. With no new releases, the top ten was filled with the same movies as some dropped harder than others while a small handful enjoyed sales boosts thanks to Friday being a holiday for New Year's Day. The Top 20 grossed a scorching $215M kicking off the new decade on the right note.

Dipping a mere 9% from its busy Christmas weekend haul, Avatar grossed a sensational $68.5M propelling its 17-day total to an eye-popping $352.1M, according to final studio figures. The sci-fi epic broke the record for the best third-weekend gross ever beating Spider-Man's $45M from May 2002. Even with today's higher ticket prices and 3D surcharges, Avatar still sold more tickets than the first webslinger pic - approximately 8.4 million vs. 7.8 million. Spider-Man was not helped by any holidays in its third weekend, however. The Na'vi pic also became the second fastest film in history to break the $350M mark. Only The Dark Knight did it quicker in 14 days on its way to a $533.3M final.

Avatar enjoyed one of the lowest drops among wide releases meaning audiences are still happy with the product and spreading positive buzz. Many of the top-grossing movies of all-time started out with gargantuan numbers but then faded quickly. The mega-budgeted actioner has also grossed more than $10M each day of its release across 17 consecutive days - also a record.

Avatar has hauled in the second largest 17-day start for any film and only trails The Dark Knight which made $393.8M last year by the end of its third weekend. But the Na'vi flick has been catching up and could eventually surpass the Joker pic to take the number two spot on the all-time domestic list after Titanic. Compared to the Batsequel, Avatar was 51% behind after three days, 32% behind after 10 days, and is now lagging by just 11%. That gap could be cut in half again after next weekend and the two should be equal at around the 31-day mark when Knight stood at $471.1M. After the fifth weekend, Avatar may just end up flying ahead. Plus, if it wins a major award at the Golden Globes on January 17 or scores a Best Picture Oscar nod in the expanded field of ten nominees on February 2 then the film could enjoy even more longevity.

So the big question on industry minds is how high can Avatar go? The first 17 days were always going to be supercharged thanks to the opening weekend plus the Christmas and New Year's holidays. Titanic used the same strategy 12 years ago. But with adults and most teens going back to work and school on Monday, midweek grosses will start to deflate. The film will, however, benefit from college students still being on break for the next two weeks so weekday grosses will still be a little better than normal, but not quite summer-like.

The road ahead looks promising for Avatar because of a lethal combination - excitement remains strong so audiences are still very interested plus competing movies in January do not look to offer much firepower. The iceberg pic also had a weak slate of loser films to deal with so moviegoers had nothing else to shift their attention to. Should Avatar find itself with modest daily grosses of $6M this week and then depreciate by 35% per week for the rest of its run, it would still reach an astounding $547M by the end of its domestic run.

The self-proclaimed king of the world remained the leader of the worldwide box office with another $133.5M in ticket sales from overseas markets this weekend. That sent the international cume soaring to an astounding $670.2M and the global gross to a jaw-dropping $1.022 billion. Avatar easily became the fastest film in history to shatter the $1 billion mark doing it in a mere 19 days. Only four other blockbusters have ever reached ten-digits and they took weeks if not months to do so. Avatar currently ranks fourth on the list of all-time worldwide blockbusters between Pirates of the Caribbean: Dead Man's Chest ($1.07B) and The Dark Knight ($1B) and by this Saturday will surpass Pirates and The Lord of the Rings: The Return of the King ($1.12B) to claim the number two spot.

James Cameron will then own the two biggest worldwide blockbusters in motion picture history with Titanic and Avatar grossing $3 billion in combined ticket sales as of next weekend with much more to come. Globally, his latest megahit could soar to $1.5 billion or more and may even try to challenge the $1.835 billion of Jack and Rose.




# Title Jan 1 - 3

Theaters

Cumulative Distributor










1 Avatar $ 68,490,688

3,461

$ 352,114,898 Fox
2 Sherlock Holmes 36,685,000

3,626

139,425,000 Warner Bros.
3 Alvin and the Chipmunks: The Squeakquel 35,189,653

3,747

155,916,935 Fox
4 It's Complicated 18,802,965

2,897

59,178,840 Universal
5 The Blind Side 11,855,000

2,926

208,482,000 Warner Bros.
6 Up in the Air 10,720,052

1,895

44,375,265 Paramount
7 The Princess and the Frog 9,824,311

3,328

85,859,339 Buena Vista
8 Did You Hear About the Morgans? 4,932,338

2,718

25,312,384 Sony
9 Nine 3,901,203

1,412

13,745,976 Weinstein Co.
10 Invictus 3,890,000

2,170

30,590,000 Warner Bros.










11 The Twilight Saga: New Moon 3,442,263

1,627

287,900,655 Summit
12 3 Idiots 1,494,542

132

4,757,078 Big Pictures
13 Brothers 1,192,134

858

27,414,913 Lionsgate
14 2012 1,093,128

800

163,442,129 Sony
15 Precious 924,203

629

43,492,192 Lionsgate
16 The Young Victoria (US only) 891,371

165

2,456,337 Apparition
17 Old Dogs 711,002

620

47,239,575 Buena Vista
18 A Christmas Carol 554,866

981

137,443,917 Buena Vista
19 The Road 542,635

306

6,858,313 Weinstein Co.
20 A Single Man 486,958

46

1,731,649 Weinstein Co.

No comments: