Box Office Predictions: July 7-9

There’s only one new major release this weekend hitting multiplexes, but it’s a big one in the form of Spider-Man: Homecoming. This is the third iteration of the beloved web slinger with Tom Holland inheriting the tights after his cameo in Captain America: Civil War. You can peruse my detailed prediction post on it here:

https://toddmthatcher.com/2017/06/27/spider-man-homecoming-box-office-prediction/

Spidey should easily rule the charts this weekend and my prediction puts it a couple million above what the original accomplished 15 years ago.

As for holdovers, Despicable Me 3 had a somewhat disappointing debut (more on that below) and I look for it to lose nearly half its audience in the sophomore frame.

Baby Driver, on the other hand, was quite a breakout hit and word of mouth is strong. Its drop-off shouldn’t be as pronounced. Wonder Woman and Transformers look to round out the top five.

And with that, my top 5 projections for the weekend ahead:

1. Spider-Man: Homecoming

Predicted Gross: $117.8 million

2. Despicable Me 3

Predicted Gross: $36.3 million (representing a drop of 49%)

3. Baby Driver

Predicted Gross: $13.6 million (representing a drop of 34%)

4. Wonder Woman

Predicted Gross: $9.9 million (representing a drop of 37%)

5. Transformers: The Last Knight

Predicted Gross: $7 million (representing a drop of 58%)

Box Office Results (June 30-July 2)

Illumination Entertainment’s Despicable Me 3 earned an estimated $72.4 million, which easily placed it first. However, this was easily $10 million below most of the lowest guesstimates. I projected a higher haul at $88.7M.

Edgar Wright’s critically acclaimed Baby Driver greatly exceeded expectations with a $20.5 million Friday to Sunday gross and a cool $29.5 million since its Wednesday opening. This blew away my respective predictions of $10.9M and $15.8M and proved that audiences are hungry for programming in the summer that isn’t a sequel or reboot.

Transformers: The Last Knight slipped to third with $16.8 million (in line with my $17.4M forecast) for a $102M total.

Wonder Woman was close behind in fourth with $15.7 million (I said $14.5M) to bring its massive earnings to $346M.

Cars 3 rounded out the top five with $9.6 million (I was higher at $12.1M) for a $120M overall gross.

The poorly reviewed Will Ferrell/Amy Poehler comedy The House was DOA in sixth place, earning only $8.7 million for its start (I said $13.8M).

Finally, Sofia Coppola’s The Beguiled expanded its theater count and took in $3.1 million compared to my $3.8M prediction.

And that does it for now, folks! Until next time…

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