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Categorized: Box-Office Wrap-Up

Box-Office Wrap-Up: Nov. 5 – Nov. 7, 2010

COMMENTS

'Megamind' at the top in the biggest weekend of the year since mid-July

Brad Brevet
By:
Published: Sunday, November 7th 2010 at 2:42 PM
This was the biggest weekend since Inception's second weekend back on July 23 as the top twelve films took in $146,950,000. However, with Harry Potter and the Deathly Hallows: Part I already tracking for $130 million for its release on November 19, we should probably hold off discussing records for the time being.

This week Laremy didn't do too poorly with his predictions with an average percentage of error of only 19.3% with seven accurate placement predictions. Let's see how well he did as well as how well you predicted the weekend's newcomers.

Laremy predicted the #1 movie correctly: 1 Week In A Row
Well, Megamind performed a little better over the weekend than I expected it would after a $12.5 million Friday. Yesterday morning I assumed that would only translate to about $40-42 million, but Saturday and Sunday proved to be a bit healthier than that. Tracking on this one said about $51 million and Laremy was right to go a bit under, but he went a little too far under.

Predictions from the commenters were quite good, a few of you kept things in the $30 million range and some even went as high as $68.5 million, but the top five predictions are listed directly below.

  1. Sean R – $48.3 million
  2. John-PT – $46.7 million
  3. wrongturn687 – $48.5 million
  4. Chuck Bartowski – $48.6 million
  5. Feedback – $50 million

Result: $47.6 million
Laremy's rank: Laremy picked it to finish #1 and my prediction of $42 million was $5.6m off for a percentage error of 11.76%.
Just like Megamind, Due Date fell just under tracking and Laremy was also just a bit under with his prediction while it kept right on pace after its $12.2 million on Friday, but it still comes in more than $10 million less than the $44.9 million opening for The Hangover, which blitzed the box-office last year. The Hangover also showed minor dips in its follow-up weekends going 27.1%, 18.4% and 36.4% in its first three weekends after opening. I don't expect the same success for Due Date.

Another difference between the two films is The Hangover was made for $35 million while Due Date was reportedly made for $65 million. That's a major difference and a figure that pretty much signals this one is going to be depending heavily on DVD and Blu-ray sales to make a run at profit.

As for user predictions, Ian nailed it right on the nose and The Check Spot wasn't too far off. Here's the top five.

  1. Ian – $33.5 million
  2. The Check Spot – $33.2 million
  3. Kid – $34.3 million
  4. Athar – $31.6 million
  5. goavs – $35.5 million
Result: $33.5 million
Laremy's rank: Laremy picked it to finish #2 with $26.84 million, which is $6.66m off for a 19.88% error.
In third was the weekend's other new wide release, Tyler Perry's For Colored Girls and if history proves anything for Perry films this one is looking at probably a $45 million overall haul. However, this is also Perry's first R-rated film so that could prove to hurt its chances. No surprises over the weekend after its $7.4 million Friday and Laremy's prediction of $17 million wasn't too far off, but some of you were able to get a bit closer. However, some of you had no confidence in this flick with one prediction as low as $7.4 million, which did cover Friday's total.

Here are the top five user predictions.

  1. John Debono – $20.3 million
  2. The Check Spot – $21 million
  3. DamienB – $21.2 million
  4. Chuck Bartowski – $22.8 million
  5. Athar – $23.5 million
Result: $20.1 million
Laremy's rank: Laremy picked it to finish #3 with $17.01 million, which is $3.09m off for a 15.37% error.
4. Red
Continuing on we move into familiar territory with Red still standing VERY strong with only a 17.5% dip in its fourth weekend. Red is now approaching $72 million and Summit Entertainment has to be VERY happy and who isn't expecting the announcement of a sequel now?
Result: $8.8 million
Laremy's rank: Laremy picked it to finish #6 with $7.65 million, which is $1.15m off for a 13.07% error.
In fifth is the massive dropper, Lionsgate's Saw 3D, which Laremy predicted only a 55% dip. Wrongo, but missing this one didn't prove too fatal as his $10.14 million prediction was still only $1.94 million off.
Result: $8.2 million
Laremy's rank: Laremy picked it to finish #4 with $10.14 million, which is $1.94m off for a 23.66% error.
Paranormal Activity 2 fell 55.8%, but has so far amassed $77.2 million on a $3 million budget. If Paramount hasn't already greenlit a third film their execs deserve to be fired.
Result: $7.2 million
Laremy's rank: Laremy picked it to finish #5 with $7.76 million, which is $0.56m off for a 7.78% error.
Jackass 3D went over $100 million last weekend and still only dropped 40.1% this weekend. I read an interview with Danny Boyle talking about the reported faintings while people screened his new film, 127 Hours and he said, "We've definitely had screenings where some people had seen too much, and we think it's an empathy thing, not a gross-out thing… You'll see far worse in Jackass 3D or other movies. But James pulls you in so much with the performance, and you feel so vulnerable."

Yeah, you'll see far worse and people are continuing to see it it seems.

Result: $5 million
Laremy's rank: Laremy picked it to finish #7 with $3.74 million, which is $1.26m off for a 25.2% error.
Clint Eastwood's Hereafter didn't suffer too big a dip, only falling 37.4%, but this one didn't open too great, which means we aren't talking about a ton of money. The film is now over $28 million, but next weekend's new releases should mean this is the last we hear of it in the top ten.
Result: $4.02 million
Laremy's rank: Laremy picked it to finish #8 with $3.62 million, which is $0.4m off for a 9.95% error.
Secretariat continues the small fall, only dropping 20% from last weekend and has now crossed the $50 million mark.
Result: $4 million
Laremy's rank: Laremy picked it to finish #9 with $3.16 million, which is $0.84m off for a 21% error.
The Social Network will end its run in the box-office top ten this week after six straight weeks. The film has crossed $85 million, but it will remain part of the conversation for many months to come as Oscar season is really close to full swing.
Result: $3.6 million
Laremy's rank: Laremy picked it to finish #10 with $1.97 million, which is $1.63m off for a 45.28% error.

As for other releases, I saw some of you mentioning Conviction in Laremy's Oracle article and it only managed $1.5 million for the weekend. Summit's limited release of Doug Liman's Fair Game in 46 theaters only turned up a disappointing $700,000.

Fox Searchlight's limited four theater release of Boyle's 127 Hours earned $265,925, making for $66,481 per theater. Speaking of 127 Hours I interviewed director Danny Boyle on Friday as a matter of fact. We discussed not only 127 Hours, but Trainspotting 2, 28 Months Later, Maximum City, why he dropped out of directing My Fair Lady and he tells me what his favorite movie of all-time is and why. I'll be publishing that bad boy tomorrow. So be on the look out.

Otherwise, next week sees the Wednesday release of Paramount's Morning Glory and on Friday comes Skyline (which apparently won't be screened for critics) and Unstoppable. Anyone want to make any early predictions?

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There are 16 comments so far. Scroll down to share your thoughts.

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Showing 16 Comments

  1. John Debono

    Great to see 127 Hours doing well in limited release, I don't see the source material leading to a $140 million level hit like Slumdog but I think it it will still do quite well.

  2. John-PT

    127 Hours will be in top 10 next weekend!

    Early guesses:

    Unstoppable – 23.6M
    Skyline – 17.4M

  3. m1

    127 Hours hitting the top 10 depends on how many theaters it will get. Unstoppable will win next weekend. Morning Glory's number will be lowered by that Wednesday opening, depending on WOM. Skyline will hit double digits but won't surprise.

  4. Topy

    Unstoppable = Pelham + Chris Pine – Should translate into $25M

    Skyline: Tough to predict, if people are curious, I think it could even reach $30M, but the marketing is too small, and there's no one to care about in the trailers, maybe $18M?

  5. I'm from Malaysia and Unstoppable has been on the cinema here. So far, the reviews from my friends has been negative.

    Well, looks like skyline might have a chance there.

    But i'm rooting for Morning Glory. Rachel McAdams FTW!

  6. Check out the teaser trailer for “Kung Fu Panda 2” which was shown with “Megamind”!

    http://www.vlicious.org/2010/11/teaser-trailer-for-kung-fu-panda-2.html

  7. Ian

    I'll play Laremy's BINGO card on my Due Date call. I'm surprised Megamind didn't crack $50 million at least, it seemed like all the ingredients were there for a bigger opening. Interesting that all three of DreamWorks Animation's films this year have opened lower than is usual for tentpole animation. Dragon rebounded to finish nicely, but Shrek finished up low for the franchise. I'm curious to see how Megamind ends up. Nice opening for 127 Hours, though clearly the rumblings I heard/read about it rivaling There Will Be Blood's $100,000 PTA were a bit lofty. Looking forward to that Boyle interview.

    I haven't crunched any numbers on next weekend's films, but I'd probably bet on a Megamind repeat.

  8. Vince (Not Vance)

    Due Date is not in the same league as Hangover, not by a long shot. It's funny, sure, but it doesn't have what it takes to be the next big comedy. It'll probably do Couples Retreat numbers when it's all said and done.

    Maybe I'm overestimating Skyline, but it does look pretty cool & more marketable than RUNAWAY TRAIN OH MY GOLLY next week. Either Megamind will repeat or Skyline will take the crown next week, IMO.

    Lastly, RED will be Summit's biggest non-Twilight film here in the States very soon. I'm pretty sure that no one saw that coming; those holds have been unheard of, especially in that genre of film. Good on them.

  9. Stiggy

    Don't underestimate the power of women, when predicting Morning Glory's performance.

    The marketing has made it look like the next Devil Wears Prada, with Rachael McAdams taking on the Anne Hathaway role.
    That's the marketing angle despite the fact that J.J.Abrams produced it and Harrison Ford is in a major role.

    Last year we all underestimated The Blind Side, which like Morning Glory, looked like pure counterprograming against November's tentpole releases and skewed to older women.

    However, I can't imagine anyone in America wanting to see Made in Dagenham the following week.

  10. Casper

    Unstoppable will win next weekend. Looks great.

  11. Winchester

    I saw the trailer for Skyline – it looks like a low budget ID4/District 9 hybrid wannabe with adequate but not spectacular effects.

    I'm a little surprised it's even getting a theatrical release. I think therefore it's a bit of a wildcard entry for next weekend.

    I think that Morning Glory will be neutered by the Wedenesday opening. I'm sensing some mild trouble around this one. The marketing seems to have gone through a shift to focus on McAdams, it's been moved at least once on the schedule and no-one is mentioning the presence of Ford and Keaton in the trailers? They're trying to make it a title comparable to 'The Devil Wears Prada' methinks and a Wednesday opening isn't always a sign of confidence, but trying to get some money in advance before word of mouth gets around.

    Unstoppable looks as dumb as a post – but also offers a very simple premise and boatloads of destruction. I think next week's top may be –

    Megamind
    Unstoppable
    Due Date
    (bit of a guess but) Skyline
    Morning Glory

    But I'm probably totally wrong!

    • Stiggy

      To be fair though Harrison Ford isn't really that bankable these days.

      The last time Harrison ford was in a hit movie was Bruno, in which Sacha Baron Cohen's flamboyant fashion reporter attempted to "interview" Harrison Ford by stalking him.

  12. my money's on Unstoppable next week as well

  13. WillE

    Good to see you have a mobile version set up. It loads much faster and is easier for me to read and comment on the go. Kudos. One area of Improvement: the #1 movie of the week, in this case Megamind is set in such a way you can see the poster, but all of the paragraph content is cut off to the right and impossible to read.

    • Brad Brevet (Post Author)

      Yeah, unfortunately the mobile plug-in doesn't much like formatting outside of standard text so unfortunately some articles may be a little difficult to read. Sorry about that.

      Posted On November 9th, 2010 at 12:47 am in reply to WillE.

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