Monday Mixer: A most 'Magnificent' opening weekend
Posted Monday, September 26, 2016 at 11:27 AM Central
by John Couture
Last week signalled the official start of Autumn, but temperatures have been anything but tepid since the calendar changed. In fact, the weather has been more akin to the raging heat of Summer and the box office seemed to be cooperating.
But yet again, a hot start on Thursday night from previews fizzled as the weekend unfolded. Both newcomers were tracking about $10-15 million more than their estimates. So, will the box office continue to cool off as the weather finally starts to move closer to seasonal norms?
Time will tell naturally, but it looks like that box office won't fully rebound until late October. November and December will take care of itself thanks to a new film based on the Harry Potter books and another new Star Wars film, but the next few weeks will be most telling as to how 2016 will ultimately end up.
Let's get to it, shall we?
Box Office 411
The big name western remake The Magnificent Seven enjoyed a sizable victory in first place. Its $35 million weekend is quite impressive, especially for a September release, but after looking at Thursday's preview numbers, most estimates had it closer to a $50 million opening.
Had the estimates held throughout the weekend, this weekend would have been truly memorable as it would have positioned the Denzel Washington and Chris Pratt starrer on a track to earn $150-175 million. As it stands, the opening has The Magnificent Seven on pace to earn about $125 million, especially if the next few weeks play out as expected and the film doesn't get much in the way of real competition for the top spot.
For a film that cost just over $100 million to make, The Magnificent Seven looks poised to turn a nice little profit when all of the international business and home entertainment dollars are added up. Of course, does this minuscule profit justify the remake of such a classic? That's the question that studios are going to have to start asking themselves, especially if audiences continue to wither.
In second place, the story was very much the same as The Magnificent Seven for the animated family film Storks. With the recent lack of options for children's entertainment at the box office, Storks was poised to fill the void with an interesting choice. Again, the early tracking suggested that the film would end with about $35 million in its opening weekend coffers.
It also saw the bottom fall out of a promising weekend, ending up with an impressive, yet less than expected $21.8 million. Again, the budget for Storks is said to be $70 million, so the film will eventually end up in the black, but I know that Warner Bros. was hoping for a final box office closer to $125 million. As it stands, the film will struggle to reach $100 million, but I think it will get there, mainly due to the aforementioned lack of competition in its target demographic.
If you have a child under the age of say 8 or so, then this little clip will melt their minds. Imagine if Princess Anna from Frozen met up with Dory, now close your eyes and play the following video.
This weekend's passing of golf legend Arnold Palmer reminds us that we are all most definitely mortal. So too, Marvel comics legend Stan Lee, who is known for having a cameo in each and every Marvel project (or almost all of them), will someday loose his mortal coil. So, what will happen to his cameo if he were to pass soon? Not much, Marvel Studios president Kevin Feige revealed this weekend that Stan Lee has already filmed his cameo for four upcoming Marvel projects.
I know that it's sad to think about, but if Stan were to pass, it's entirely possible that his film cameos could persevere for many years still.