BOX OFFICE ROUNDUP: DORY REIGNS SUPREME

If Pixar decides to make a third installment in the Finding Nemo franchise, they should consider making the main characters piranhas, because they’re devouring everything in their path. Not only did Finding Dory defend its title as current weekend box office champion against three new high profile releases, but it also became the first movie to rule the box three weekends in a row since Zootopia (also a Disney property) did it last March. Dory added over 41 million to its domestic coffers over the holiday weekend and has now grossed over 372 million since its release three weeks ago. It’s well on its way to becoming the highest grossing movie of the year and will have no problem becoming Disney’s fourth billion dollar title of 2016 (it’s already made 538 million world wide). It has equaled Batman Vs Superman’s entire North American gross in just three weeks, it will likely pass Captain America: Civil War in a week or two and still has plenty of steam heading into July. And none of this takes into account all the Finding Dory merchandise currently flying off store shelves (just in time for summer vacation) or the fortune the home release will inevitably make when it hits DVD and Blu-Ray players next fall. If someone isn’t making a documentary titled “The Power of Pixar” yet, they should be.

One of those new releases, The Legend of Tarzan, opened in second with a healthy 38.1 million debut. But Warner Bros is already keeping a close eye on the weekly ticker tape considering Tarzan’s pricey 180 million dollar production budget. The Purge 3 was this weekend’s big winner, opening in third place with just over 30 million in ticket sales. Universal’s third (and final?) entry in the hyper violent film series tripled its ten million dollar budget in just its first weekend and it should prove interesting too see what kind of legs the action flick (which slyly paraphrased its tag line Keep America Great from Donald Trump’s xenophobic presidential campaign) has moving forward.

In a rare misstep, Disney’s other family friendly summer release, The BFG, opened fourth with a disappointing 19.5 million. The big budget BFG seemed to have everything going for it; based on the popular Roald Dahl book (and released on the hundredth anniversary of his birth, a fact Disney made sure to play up in the film’s promotion), it was directed by Steven Spielberg (his first Disney title) and had the full weight of the Disney hype machine behind it. Lukewarm reviews, a narrow target audience (seriously, this one was just for the kids) and a weekend full of competition combined to kill BFG’s prospects and the race is now on to see which will be the bigger Disney bomb; BFG or last April’s Alice Through The Looking Glass.

Speaking of disappointments, Independence Day: Resurgence took a near 60 percent hit to it’s weekend performance, tumbling from second place to fifth and only adding 16.5 million to it’s total. Resurgence came with a 165 million price tag (before promotional spending) and at its current pace it will be lucky to hit 100 million in domestic gross (it currently sits at just over 72). It will need a crazy overseas performance just to break even, which is currently looking unlikely. At best, 20th Century Fox is now looking to minimize the bath they’re going to take on this tent pole release.

Central Intelligence continued its strong run, holding down sixth spot with 12.3 million. Intelligence has made Fox over 95 million since it’s June 17th release and the Dwayne Johnson/Kevin Hart buddy movie should have no problem hitting the 100 million milestone later this week, effectively doubling its production budget. And speaking of doubling budgets, the Blake Lively thriller The Shallows, which was made on the cheap for 17 million, made a cool nine million in it’s second weekend of release, bringing it’s total performance to over 35 million. Not a bad July 4th present for Sony.

Civil War period piece The Free State of Jones failed to capitalize on the July 4th weekend, falling to eighth spot with 4.1 million. The Matthew McConaughey vehicle has been a disappointment since it’s release last week, earning a total 15.2 million despite a 50 million dollar budget. Jones might hold on to a spot in the top ten for another week but is likely to be relegated to a box office memory by the time Ghostbusters hits theatres July 15th. This will be the second big write off studio STX is forced to make this year after Hardcore Henry bombed last March.

A pair of sequels rounded out the top ten, with The Conjuring 2 scaring up another 3.85 million. The latest title in the James Waan/Warner Bros. horrorverse has totalled 95.2 million on North American shores and all but guarantees a third Conjuring, not to mention an already announced spin off featuring the movie’s demonic protagonist, a la Annabelle. But while that sequel is doing gangbusters at the box office, Now You See Me 2 sits on the exact opposite side of the spectrum. The Lionsgate sequel only managed another 2.95 million in what is likely its last weekend in the top ten, brining its domestic total to a little over 53 million. Lionsgate needed Now You See Me to be a success after the disappointing performance of Allegiant last March and the appalling bomb Gods of Egypt last February. The combined losses on those three titles (and the absence of any more Hunger Games movies) may have severe consecequences for the studios future.

Also worth mentioning is Warner Bros. romantic drama Me Before You. The adaptation of JoJo Moyes bestselling book has not been without controversey but it has proven to be fairly resilient. Five weeks after release, it has grossed over 53 million at North American box offices on a humble 2o million dollar budget. Could some of the controversy have  translated into box office dollars? If so, perhaps that may bode well for Sony’s incredibly maligned Ghostbusters remake.

Next weekend presents a rematch of last summer’s animated Battle Royal. Can Disney/Pixar’s Finding Dory fend off Universal/Illumination’s Secret Lives of Pets and hold the title for a fourth week in row? Or will Pets succeed where others have failed and be the movie to finally put Dory down? Last year’s battle between the two animated giants was definitely one for the books. Pixar’s Inside Out was yet another blockbuster but couldn’t handle the juggernaut that was Illumination’s Minions. Round two should be a blast.

 

Shayne Kempton

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