Box Office Predictions: June 30-July 2

It’s a busy weekend ahead as Despicable Me 3 looks to dominate the box office as the Will Ferrell comedy The House and critically acclaimed musical comedy crime thriller Baby Driver are out as well. There’s also a significant theater expansion for Sofia Coppola’s Civil War dramatic thriller The Beguiled. You can peruse my detailed prediction posts on all four here:

https://toddmthatcher.com/2017/06/21/despicable-me-3-box-office-prediction/

https://toddmthatcher.com/2017/06/21/the-house-box-office-prediction/

https://toddmthatcher.com/2017/06/21/baby-driver-box-office-prediction/

https://toddmthatcher.com/2017/06/26/the-beguiled-box-office-prediction/

As I see it, Illumination Entertainment’s Despicable threequel will not reach the heights of its spin-off predecessor Minions, which opened to $115M two summers ago. I’m looking at a return in the high 80s.

The House appears primed for a second place debut (barely) now that Transformers: The Last Knight didn’t fare so well (more on that below). I have a strange suspicion that it could under perform, but it’s got Will Ferrell and is the only real straight up comedy out there so I’m going late teens.

Baby Driver (which rolls out early on Wednesday) could absolutely be a wild card with some breakout potential. It’s got great buzz among the cinephile community, but I’m not sure how much that will translate to robust earnings out of the gate. I have it slated for sixth.

The Beguiled had a terrific limited debut this past weekend and its 550 screen count has me estimating a $3.8M gross.

Holdover action should see a precipitous drop for Transformers with Wonder Woman likely having a smaller decline than Cars 3 considering the animated competition. The Last Knight could even be in danger of slipping to fourth or fifth if holds for the other two aren’t quite as pronounced as my prognoses.

And with that, let’s do a top 6 estimates:

1. Despicable Me 3

Predicted Gross: $88.7 million

2. Transformers: The Last Knight

Predicted Gross: $17.4 million (representing a drop of 61%)

3. Wonder Woman

Predicted Gross: $14.5 million (representing a drop of 42%)

4. The House

Predicted Gross: $13.8 million

5. Cars 3 

Predicted Gross: $12.1 million (representing a drop of 49%)

6. Baby Driver

Predicted Gross: $10.9 million (Friday to Sunday estimate), $15.8 million (Wednesday to Sunday)

Box Office Results (June 23-25)

Transformers: The Last Knight, the fifth in the decade long franchise, posted the worst stateside numbers for the series thus far. The critically panned pic earned $44.6 million over the traditional Friday to Sunday weekend and $68.4 million since its Wednesday debut. That’s well below my respective estimates of $57.8M and $81.5M. The previous Transformers low belonged to the 2007 original, which made $70 million for its start. Lucky for Paramount, these flicks still are doing solid business overseas.

There was a photo finish for second place as Wonder Woman made $24.9 million for the runner-up spot. That’s a bit below my $27.6M projection and the DC title has banked $318 million. Cars 3 went from first to third at $24 million and I forecasted more with $30M. The Pixar sequel stands at $98 million.

Shark tale 47 Meters Down held up stronger in its sophomore weekend than I figured. Its $7 million was good for fourth place and I incorrectly had it outside my projected top 5.

The Mummy was fifth with $6 million, under my $7.4M estimate for a $68 million so far. At this point, it looks assured the Tom Cruise pic will not reach $100M domestically and probably earn around $80M.

Finally, Tupac biopic All Eyez on Me had a massive drop in weekend #2, falling to sixth with $5.8 million (I was higher with $8.4M). That’s a 78% plummet and it’s earned $38 million total.

And that does it for now, folks! I’ll be back with next week’s predictions when Spider-Man: Homecoming swings into multiplexes.

Box Office Predictions: June 23-25

There’s only one new wide release offering this week and that would be Transformers: The Last Knight, which is easily primed to debut at #1. You can read my detailed prediction post on it here:

https://toddmthatcher.com/2017/06/14/transformers-the-last-knight-box-office-prediction/

My prediction for it gives it the lowest traditional Friday to Sunday opening for the franchise yet. One reason is simple: Knight is out Wednesday so its extra two days will eat into the traditional weekend frame. The second reason is that I suspect this could be a series that’s losing steam. Still – the franchise is likely to impress overseas.

As for holdovers, Cars 3 looks to drop in the mid 40s in its sophomore weekend while Wonder Woman should continue its impressive holds in third place. The Tupac biopic All Eyez on Me is highly likely to experience a severe drop in its second weekend as even its first weekend gross was front loaded. The Mummy should round out the top five.

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

1. Transformers: The Last Knight

Predicted Gross: $57.8 million (Friday to Sunday), $81.5 million (Wednesday to Sunday)

2. Cars 3 

Predicted Gross: $30 million (representing a drop of 44%)

3. Wonder Woman

Predicted Gross: $27.6 million (representing a drop of 33%)

4. All Eyez on Me

Predicted Gross: $8.4 million (representing a drop of 68%)

5. The Mummy

Predicted Gross: $7.4 million (representing a drop of 49%)

Box Office Results (June 16-18) 

As expected, Pixar continued its streak of #1 hits with Cars 3 opening to $53.6 million, a bit under my $57.8M prediction. While this is a decent showing, it is the lowest of the franchise and the smallest summertime opening for the studio since 2007’s Ratatouille. With stronger reviews than its predecessor, it looks to have a rather solid hold next weekend before Despicable Me 3 hits screens the following weekend.

Wonder Woman continues to astound as it dipped just 29% in its third weekend to $41.2 million for second, outshining my $32.6M estimate. The DC juggernaut has taken in $275 million.

The Tupac Shakur biopic All Eyez on Me proved critic proof as audiences flocked to it. It made $26.4 million for third (topping my $22.4M prediction). As mentioned, it will probably suffer a precipitous fall in its second weekend.

The Mummy fell to fourth place with $14.5 million (a bit ahead of my $13.2M forecast) for a weak total of $57 million.

Shark thriller 47 Meters Down performed at the higher end of expectations with a $11.2 million debut, easily topping my $6.1M projection. Considering it was originally slated for just a VOD premiere last summer, this is a pleasing opening for Entertainment Studios.

Pirates of the Caribbean: Dead Men Tell No Tales was sixth and I incorrectly had it outside of that. The fifth entry in the Disney series made $8.9 million to bring its tally to $150 million.

The disappointment of the weekend was unquestionably Rough Night, the Scarlett Johansson comedy that couldn’t overcome middling reviews and non-existent buzz. It generated just $8 million (well below my $15.1M estimate) for seventh place. This marks the star’s second under performer this year after March’s Ghost in the Shell. 

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

https://www.youtube.com/watch?v=iLJn2h9NEsw

Transformers: The Last Knight Box Office Prediction

A week from today, Transformers: The Last Knight appears primed to easily rule the #1 spot. The question is how the fifth entry in the franchise performs compared to its predecessors. Michael Bay is back in the director’s chair (reportedly for the final time) with returning cast members Mark Wahlberg, Stanley Tucci, Tyrese Gibson, Josh Duhamel, and John Turturro. Sir Anthony Hopkins and Nicola Peltz are new to the series. Most importantly, Optimus, Bumblebee, and plenty of Autobots and Decepticons return in their CG form.

The pic, with its reported $260 million budget, faces no other features opening directly against it. This Transformers franchise has shown itself to be critic proof over its decade of existence. That said, Knight‘s predecessor posted a series low domestically.

Let’s take a trip down box office grosses lane for these bots, shall we?

Transformers (2007)

Opening Weekend: $70.5 million three-day opening with $155 million over six-day July 4th weekend roll out. $319 million total domestic gross.

Transformers: Revenge of the Fallen (2009)

Opening Weekend: $108.9 million three-day opening with $200 million five-day roll out. $402 million total domestic gross.

Transformers: Dark of the Moon (2011)

Opening Weekend: $97.8 million three-day opening with $180.6 million six-day July 4th weekend roll out. $352 million total domestic gross.

Transformers: Age of Extinction (2014)

Opening Weekend: $100 million. $245 million total domestic gross.

As you can see, Age of Extinction earned more than $100 million less than the third entry. It’s also the only one that opened over a regular three-day release. The Last Knight debuts on Wednesday so you’ll be witnessing my guesstimate for its traditional weekend and five-day gross.

Whew… got all that?

Knight appears likely to suffer from franchise fatigue stateside. It’s worth noting that this franchise makes a killing overseas and that should not change.  I could see a three-day haul in the mid to high with a five-day take of just over $80 million.

Transformers: The Last Knight opening weekend prediction: $57.8 million (Friday to Sunday), $81.5 million (Friday to Sunday)

Sequelitis: A 2016 Story

Over Memorial Day weekend this year, Disney’s Alice Through the Looking Glass opened to an abysmal $33 million over the holiday weekend, immediately making it one of the biggest bombs of 2016. How poor was that opening? It’s the sequel to 2010’s Alice in Wonderland, which made $116 million in its first weekend (which was a three-day frame, not a four-day one). Looking Glass will be lucky to make $80M in its entire domestic run, nearly $40M under what Wonderland earned in its premiere weekend. Ouch.

Is there an easy explanation? Did Disney take too long with the six year hiatus between franchise entries? Perhaps. Did the negative tabloid publicity surrounding star Johnny Depp hurt? Maybe.

Yet another explanation is likely part of the equation. In 2016, moviegoers have seemed to catch a case of “sequelitis” and their symptoms have been affecting box office grosses for a number of pictures already this year.

Over that same Memorial Day weekend, X-Men: Apocalypse ruled the charts with a $79 million debut. That would seem impressive, except X-Men: Days of Future Past made $110 million over the same weekend just two years earlier.

This story has repeated itself repeatedly in recent months. Ride Along 2 was expected to build on its predecessor’s opening weekend. The 2014 original cruised to a $41M opening. The sequel: $35M. When all was said and done, the first Ride made $44M more than its follow-up.

Other comedies have suffered the same fate. 2001’s Zoolander actually only made $45 million in its initial run, but became a major cult hit in subsequent years. It’s long gestating sequel would surely earn more. It didn’t. Just $28M.

2002’s My Big Fat Greek Wedding became the unexpected smash of that year with $241M stateside. Part 2? $59 million (to be fair, this was on the higher end of many expectations, but still just 25% of what the first Wedding did).

2014’s Neighbors? $150 million. Last month’s Neighbors: Sorority Rising? It should top out at around $60M.

Barbershop: The Next Cut will make $55 million, under the $75M and $65M of its predecessors (though still not bad).

The action crowd has showed their ambivalence. London Has Fallen earned a just OK $62 million compared to Olympus Has Fallen‘s $98M.

2014’s Divergent made $150 million. 2015’s Insurgent: $130 million. This year’s Allegiant: a troubling $66 million.

Then there’s The Huntsman Winter’s War, which may not even reach $50 million. It’s the sequel to Snow White and the Huntsman, which made $155 million.

Just this weekend, Teenage Mutant Ninja Turtles: Out of the Shadows took in $35 million in its debut, which is a shell of the $65 million that the first made two summers ago.

Faith based audiences propelled God’s Not Dead to a heavenly $60 million gross in 2014. Part 2? $20 million.

Kung Fu Panda 3 performed decently with $143 million, but couldn’t match part 1’s $215M or part 2’s $165M.

Seeing a trend here, folks?

There have been rare exceptions in 2016 so far. 10 Cloverfield Lane managed $72 million. Even though that’s below the $80M of Cloverfield, it’s still a solid gross and a profitable venture for its studio.

And Captain America: Civil War was widely expected to outdo the respective $176M and $259M earnings of the first two entries. This was due to it basically being The Avengers 3. It did and will top $400M domestically.

Coming this weekend: two more sequels will try to avoid the 2016 trend and both actually have a decent chance of succeeding. The Conjuring 2 is receiving positive reviews and its studio is hoping the goodwill left over from the 2013 original will propel it to similar grosses (I’m predicting it’ll make $42 million for its start, slightly above the first).

Now You See Me 2 is hoping to match the $29 million made by the 2013 original for its beginning. I’m predicting $24M.

If both of these titles come in below expectations, that may truly show that crowds are just plain sick and tired of seeing roman numerals and numbers behind titles. Looking over the remainder of the 2016 calendar, there’s a heap of sequels that could also struggle to match what came before them. They include:

The Purge: Election Year. Bridget Jones’s Baby. Underworld: Blood Wars. Jack Reacher: Never Go Back. Ouija 2. Bad Santa 2.

Even this month’s Independence Day: Resurgence is an iffy proposition to capitalize on the nostalgia factor from the 1996 original. It appears unlikely to match the $306M earned 20 years ago by the first one.

Next month’s Star Trek Beyond could have trouble matching the $228M made by part 2 in 2013.

Inferno, the third Tom Hanks thriller based on Dan Brown’s novels, is a question mark to match the $133M that Angels & Demons made in 2011 and certainly won’t approach The Da Vinci Code‘s $217M a decade ago.

When it comes to 2016 sequels, it might not all be bad news. Finding Dory (out June 17) shouldn’t have much trouble topping the $70M that Nemo made in 2003 (though whether it reaches its eventual gross of $380M is a mystery).

And July’s Jason Bourne should benefit from having Matt Damon return to the franchise after nine years away. It should manage to outpace the $113M made by Jeremy Renner’s The Bourne Legacy in 2012. However, could it approach the $227M earned by Damon’s last one, 2007’s The Bourne Ultimatum? Probably not.

Perhaps these disappointing results for so many sequels will cause studios to give us more original programming, but don’t hold your breath. Next year is already packed with follow-ups and some of them already look like they could be in trouble.

For instance, it’s probably safe to assume Disney is sweating over the fifth Pirates of the Caribbean flick, Dead Men Tell No Tales. Same goes for Lionsgate with their final Divergent pic, Ascendant.

Some of the 2017 sequels that may not have much to worry about: Guardians of the Galaxy Vol. 2. Fast 8. And, of course, Star Wars: Episode VIII.

Yet given the recent trends, who knows? No one thought Alice or Huntsman or Allegiant would do that poorly and it’s contributed to a bad… and maybe badly needed downturn for sequels in 2016.