This Weekend @ the Boxoffice: 2009.Mar.09

Hand of Evil

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Epic
Watchmen takes the number one spot!



Weekend Report: ‘Watchmen’ Rages in the Top Spot
Watchmen clocked in with a vibrant estimated $55.7 million on approximately 7,500 screens at 3,611 theaters, handily topping a weekend where overall business was up around ten percent over last year but cooled down from 2009's prior blistering pace.

The $150 million adaptation of Alan Moore's graphic novel notched the 12th highest-grossing opening weekend for a comic book movie, behind Fantastic Four (though it drops to 20th when ticket-price inflation is factored). With the biggest theater count ever for an R-rated movie, Watchmen had the sixth-highest grossing R-rated start (though, again, adjusting brings it down to 14th), behind The Matrix Reloaded, The Passion of the Christ, 300, Hannibal and Sex and the City. Among Alan Moore adaptations, it doubled the openings of V for Vendetta and The League of Extraordinary Gentlemen. Distributor Warner Bros. revealed who was watching the Watchmen. Their exit polling indicated that 65 percent of the audience was male and 54 percent was over 25 years old.

Less than three and a half percent of Watchmen's theaters accounted for nearly ten percent of its weekend gross. At 124 IMAX venues, the movie pulled in an estimated $5.5 million. That's the second largest IMAX launch ever behind The Dark Knight, which began with $6.3 million at 94 sites (and which, unlike Watchmen, had 24-hour showings) or about four percent of that picture's record-breaking debut. "This solidifies in our mind that we're the choice for the fan boys, and we love having them," said Greg Foster, Chairman and President of Filmed Entertainment for IMAX. Watchmen's trailer was attached to all Dark Knight IMAX prints from the start.

Unrealistically, Watchmen was hyped as a contender to 300's records and beyond in the media. 300 was the previous picture from Watchmen's director Zack Snyder and was prominently cited in Watchmen's advertising. However, just because a picture has a massive marketing campaign or a fervent fan base doesn't mean it's going to be a blockbuster. 300 set the March opening benchmark at $70.9 million on around 4,800 screens at 3,103 sites (which included $3.6 million at 62 IMAX venues). While technically 300 was a comic book adaptation like Watchmen, that's where the similarities ended, because 300 was first and foremost promoted as a harrowing, clearly-wrought tale based in history with a then-striking visual style.

As visually punchy as Watchmen's marketing tried to be, the movie's story was left obscure to the uninitiated. Considering that style and mystery took precedence over clarity and relatability, Watchmen's opening was swell. Eventually, ads vaguely revealed that someone was killing off superheroes and that the Watchmen had to figure out why. However, the superheroes in question were not previously well known to the general public, making it an uphill battle to earn audience investment, especially given the picture's ensemble nature. Typically, the biggest superhero movies are the ones where the superheroes are already ingrained in the culture, like The Dark Knight, Spider-Man, Superman and X-Men. Watchmen's source material had a following but never reached a high level of cultural saturation. What's more, the advertising presented no heroes to root for and no villains to root against (a potent combination that worked like gangbusters with The Dark Knight); instead raising the question "will they save us or destroy us?"

Watchmen was the sole new nationwide release of the weekend, so grosses were mostly business as usual beneath it. The most striking development was how steeply Jonas Brothers: The 3D Concert Experience tumbled in its second weekend. Always destined to flame-out, it nonetheless had a bigger drop than Hannah Montana/Miley Cyrus: Best of Both Worlds Concert Tour from last year. Jonas plummeted 78 percent to an estimated $2.8 million for a $16.8 million tally in ten days. Hannah was down 67 percent (despite being initially promoted as a one-week engagement that would have boosted its first weekend) with a $53.2 million total through the same point. The bottom fell out on Street Fighter: The Legend of Chun-Li as well. The video game adaptation faded 71 percent to an estimated $1.4 million for $7.1 million in ten days, and it's unlikely to sell as many tickets as the first Street Fighter did in its opening weekend alone.

With the best third weekend hold yet for a Tyler Perry movie, Tyler Perry's Madea Goes to Jail came in second with an estimated $8.8 million, down 46 percent for a $76.5 million total in 17 days. Hanging tough, Taken was third with an estimated $7.5 million, off 24 percent for $118 million in 38 days. Slumdog Millionaire retreated a sizable 42 percent to $6.9 million for a $125.4 million tally, and, in an unusual move, 20th Century Fox will release the Best Picture winner on DVD on Mar. 31, even though it's still generating significant grosses. Holding strongly again, Paul Blart: Mall Cop rounded out the Top Five with an estimated $4.2 million, easing 25 percent for $133.6 million in 52 days.
 
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Seems disapointing for a $150 Million budget + unknown lawsuit setlement costs. The internationals should let it make money, but Hollywood bases success or failure on the domestic takes.

The competition next week I think is from Race to Witch Mountain. There hasn't been a family/kids movie for a bit so pent up demand could possibly push that to first place. $30 million could be all it takes for 1st place.
 

Watchmen issues with its take; R rating and no big named stars. Witch Mountain should take the number one spot.

R-rated by Date...
 
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The take exceeds my expectations considering how critics seemed to all hate the same thing (its based on the graphic novel lol). Hopfuly the international take and dvd sales will pick this up.
 

I do have to wonder if the cost was inflated to address the lawsuit, this 'could' be a tax write off.

As far as how much it makes, odds are that opening weekend is about 20% to 25% of overall domistic, so, I am guessing overall about 100 to 115, when said and done. See the run on line with Wanted.
 

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