By Leonard Klady

Weekend Report:May 22, 2011

Pyrites of the Caribbean
By Leonard Klady

To no great surprise Pirates of the Caribbean: On Stranger Tides led weekend box office with a not quire six figure estimate of $89.6 million. The industry decided to give the franchise a wide berth; providing clear sailing for the Yo Ho Ho fourth installment.

The closest thing to counter-programming was Woody Allen’s Midnight in Paris that generated a jaw-dropping $93,830 average from a mere six engagements. On reflection the picture probably should have stepped out with a more aggressive launch in the 25 to 40 screen range.

The rest of the freshmen class stuck to the niches or exclusive runs. And without exception the responses ranged from dull to poor. The best (marked on the curve) of the bunch was the single screen revival of the 1942 British drama Went the Day Well with a box office of $6,400.

Weekend revenues generated slightly more than $165 million that represented a 19% boost from the prior frame. It was also a 10% improvement from 2010 when the debut of Shrek Forever After dominated the scene with a $70.8 million launch.

The fourth chapter on Pirates of the Caribbean high seas didn’t receive a great deal of love from the critics. It stepped out two days early internationally and grossed $45 million prior to the domestic bow. The picture’s early exit polls skewed male (54%) and older (ditto 54% over the age of 25). The studio was also surprised to poll 53% attendance by couples.

But the big surprise was that only 46% of its opening box office derived from 3D and large format engagements that comprised 66% of Pirates initial foray. Had tickets matched the percentage of 3D playdates, the film would have grossed more than $100 million this weekend. A studio spokesman said that he didn’t have an explanation for this but it was something that was definitely being investigated.

The industry has been mulling the prospect of stereoscopic fatigue in the marketplace and up until now the wisdom was that young children were rejecting the 3D glasses. Following on that was the sense that animated films were taking the hit and films appealing to plus 18s would not be affected. That doesn’t appear to be the case on the initial tide of the new release and the answer for the disparate flat/stereoscopic box office might be as simple as the premium ticket price for the latter … not exactly good news.

While Woody Allen films, regardless of quality, have a devoted core audience that translates into torrid initial per screens, great reviews just escalate that factor. Midnight in Paris has enchanted reviewers and despite the pictures more arcane elements could emerge as the filmmaker’s biggest domestic grosser in a decade.

Meanwhile the industry is bracing itself for next Thursday’s sequel face off between The Hangover and Kung Fu Panda. Early tracking favors the R-Rated comedy with some pundits predicting a commercial tsunami approaching $100 million with the cuddly family martial artist the bridesmaid at a not to be sneezed at $60 million.


3 Responses to “Weekend Report:May 22, 2011”

  1. Proman says:

    This quote from LA Times blog gets a rise out of me:

    “Captain Jack Sparrow no longer rules the high seas at domestic movie theaters, but took home a record-breaking booty overseas with the biggest international opening of all time.”

    If the “Captain” doesn’t rule the domestic movie theaters then who does? What does that even mean?

    I am not a Pirates fan (though I did like the first two films quite a bit) but I am so sick of people trying to sink the film on the first day it was out.

  2. Proman says:

    And another thing, for a a such a prolific filmmaker, Woody Allen’s film have been of a very consistently high quality. Take it from someone who followed nearly every film the man has made.

  3. SamLowry says:

    “up until now the wisdom was that young children were rejecting the 3D glasses”

    Duh. Taking my young son to Toy Story 3 was borderline disastrous because the glasses bugged him but the picture looks like crap without them. I would rather have taken him to a 2D presentation but the theater wasn’t offering any.

    And as for Cap’n Jack and the domestic take–there have been lots of articles recently about risk-averse studios focusing exclusively on movies that appeal to an international market. Action doesn’t need subtitles or dubbing and they work very well abroad, but dialogue-heavy flicks that might actually appeal to grownups keep getting kicked to the curb.

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“I think [technology has[ its made my life faster, it’s made the ability to succeed easier. But has that made my life better? Is it better now than it was in the eighties or seventies? I don’t think we are happier. Maybe because I’m 55, I really am asking these questions… I really want to do meaningful things! This is also the time that I really want to focus on directing. I think that I will act less and less. I’ve been doing it for 52 years. It’s a long time to do one thing and I feel like there are a lot of stories that I got out of my system that I don’t need to tell anymore. I don’t need to ever do The Accused again! That is never going to happen again! You hit these milestones as an actor, and then you say, ‘Now what? Now what do I have to say?'”
~ Jodie Foster

“If there’s one rule Hollywood has metaphysically proven in its century of experimentation, it’s that there’s no amount of money you can’t squander in the quest for hits.

“Netflix has spent the past couple years attempting to brute-force jailbreak this law. Its counter-theory has seemed to be, sure, a billion dollars doesn’t guarantee quality but how about three billion dollars? How about five billion dollars? Seven?

“This week’s latest cinematic opus to run across no-man’s-land into the machine-gun emplacements has been the Jared Leto yakuza movie ‘The Outsider.’ Once again, debuting on Netflix, another thing called a movie that at one glance doesn’t look like any kind of movie anyone has ever seen before, outside of off-prime time screenings at the AFM.

“If you’re working at a normal studio, you have one or two of these total misfires in a year and people start calling for your head. How many is Netflix going on? Fifteen? Twenty? This quarter? Any normal company would be getting murdered over results like that.”
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