The Box Office Report 5/28/17

I hope you all are having an enjoyable Memorial Day weekend! I think it’s entirely too easy for us all to forget that without those who died fighting for our country that we wouldn’t get the opportunity to enjoy the vast amount of movies that we get to see! So while you’re enjoying time with your families this weekend don’t forget to pay a bit of respect for the men and women who served this country. Now on to that Box Office Weekend Chart!

Pirates of the Caribbean: Dead Men Tell No Tales didn’t exactly break the bank this weekend. I know, $62 million is a lot of money but something about this action ride smells a bit fishy to me. The three day opening is actually the second lowest of the film franchise (the lowest was The Curse of the Black Pearl at $46 million but I feel like that’s understandable as it was the first film and had zero expectations at that point) even though it opened in the second most theaters (At World’s End opened in 4,362 theaters vs 4,276 for Dead Men Tell No Tales) compared to the other films. Will the film sink or float? I’m pretty sure it’ll float as international numbers for the film are pretty solid ($208 million). The film should make even on its high $230 million budget within a few weeks but where does it go beyond that? I can’t say for sure. Next weekend the Pirates will go up against the hype train that is Wonder Woman and with Pirates 5 having the lowest ratings in the franchise since On Stranger Tides (Dead Men Tell No Tales has a 32% Critics rating on Rotten Tomatoes which is the same as On Stranger Tides. So far though, Dead Men Tell No Tales has a higher Audience rating though, 76% vs 54% that was On Stranger Tides and is the highest in that regard since The Curse of the Black Pearl) I’ve a strong feeling that this film won’t have very good legs domestically. This film will still gross a lot of money but I just think that domestic audiences are getting a bit tired of the franchise.

Color me surprised, Guardians of the Galaxy Vol 2. keeps finding ways to survive and finished up with a sizable number two finish this weekend. Personally, I think it’s because there’s just nothing else like it out right now and people still have a soft spot in their heart for Chris Pratt. GotG 2 finally beat the worldwide (Guardians of the Galaxy had $773 million and GotG 2 has $783 million) and domestic ($30 thousand more than GotG) totals of its predecessor. I’m now a solid believer that the film will reach $800 million worldwide no matter what happens and is that what Disney is also hoping for? GotG 2 cost $30 million more to make than GotG so it would make sense that they may want that worldwide total to continue bumping up just a bit more higher in the coming weeks.

Baywatch coasts into third place and I don’t think anyone is really surprised by this. I know Dwayne Johnson is everyone’s best friend these days but I don’t think it should excuse him from making terrible movies. According to boxofficemojo.com, Dwayne Johnson has been credited in 30 films. The opening for Baywatch is the tenth worst opening for a film that he has ever starred in. Films like The Rundown, Race to Witch Mountain, The Scorpion King, G.I. Joe: Retaliation, and Hercules (2014 version) all had a higher opening weekend than Baywatch! I think the film will break even, if that. If you’re a fan of raunchy comedy then by all means, give the movie a shot, otherwise I’d advise everyone to steer clear of the film. I have nothing else to say about the film, nor should anything be said, so let’s move along, shall we?

If you saw Alien: Covenant in theaters when it came out then raise your hand. Hmm…that looks like all ten of you who read this article, which makes sense as to why the film dropped so massively during its second week. I certainly didn’t see this coming as the reviews were solid enough that I thought it could at least maintain third place but it wasn’t meant to be. The big surprise with the film is that it dropped a massive 71% from its opening weekend. No other film from the franchise has had a weekend drop off that steep (closest films are Prometheus which dropped 59% and Alien vs Predator which dropped 68%). This is shaping up to be some bad news for the film as at this point I don’t believe it’ll make back its $97 million budget domestically. Fox needs to hold on tight to that foreign total and hope that some money can be made there (film has made $158 million worldwide, $101 million of that is foreign) as I feel like the film needs to make around $200 million to make anything back. Sorry, Ridley Scott, but I think the franchise needs to up its game if folks are ever going to be interested in seeing another one of these films in the future.

King Arthur: Legend of the Sword continues to slide down. I still have hope that the film will at least break even but at this point I’m just fooling myself. It still isn’t too late, folks! We may have a cult classic on our hands.

Domestically it looks like Beauty and the Beast finally crossed over the $500 million mark. Even though Disney has been cranking out the billion dollar movies for a while there are few of them that hit the $500 million mark at home. Beauty and the Beast is in rare company as is only the fourth Disney film to gross over $500 million (Star Wars: The Force Awakens, Marvel’s The Avengers, and Rogue One: A Star Wars Story are the only Disney films to have grossed more) and is the eighth film all time to reach that mark domestically. Nothing else has really changed on this list besides Guardians of the Galaxy Vol. 2 moving up the list to number two. Pirates of the Caribbean: Dead Men Tell No Tales currently sits in fourteenth place so it’ll be interesting to watching in the coming days as to where the film ends up sliding in. I expect it to easily earn a top ten spot before the film is finished in theaters.

Notable Film Closings:
Ghost in the Shell (2017) – $40 million domestically, $170 million worldwide vs $110 million budget It’s unfortunate that this film didn’t have any traction really anywhere in the world. The anime is beautiful but it seems that adaptations of Japanese anime are a tough pill for western audiences to swallow.

CHiPS – $18 million domestically, $25 million worldwide vs $25 million budget No one wanted this film no matter how much WB may have thought. While it was a buddy comedy type of show back when it originally aired, trying to make this an R rated film destroyed what made the original a bit of a classic. All I can say is, good riddance.

Fate of the Furious is the first movie this year to reach $1 billion through the foreign markets. I’m pretty sure that F8 won’t be able to catch up to Beauty and the Beast as both films are really starting to fizzle out. Seems the Disney film is going to be at the top for a while. Pirates of the Caribbean: Dead Men Tell No Tales is also number fourteen on this list and I feel like before the summer is over with that it’ll be a top ten film here too. Currently the two of the top three films are Disney films. Nothing much else to note other than The Boss Baby is getting a sequel…of all films…bleh…

So that’s The Box Office Report for this week! Next week we will see how strong, or weak, of an opening Wonder Woman has, how much Pirates of the Caribbean: Dead Men Tell No Tales drops after its opening weekend, and continue to monitor all movies of note! If you have any comments or questions then please don’t be afraid to drop a line either in the comments or on the Facebook page. Thanks for reading and I’ll catch you guys next week!

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About Bat Seducer Chris

I'm a Bat...and I seduce things...No relations to Batman, Bat-Man, Man Bat, or ManBearPig....and maybe the last one was a lie... If somehow you like what you read you can follow me on Twitter: @Deylin07
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