Articles

June 2, 2018
 

EARLY FRIDAY BOX OFFICE: “Solo” Fades, “Adrift” Becalmed, “Upgrade” OK, “Action Point” Splatters

 

There’s usually a box office hangover after a holiday weekend opening, but the Friday-to-Friday drop for SOLO (Lucasfilm/Disney) was particularly sour, down 77% to $8M in preliminary numbers at Deadline, compared to the 73% for last year’s Pirates of the Caribbean V, and 74% for X-Men: Days of Future Past.  In fact, it was uncomfortably close to the infamous 81% drop for Batman v Superman.  With a likely $28M weekend ahead, Solo‘s status as the first true Star Wars flop (ignoring 2008’s animated The Clone Wars) is solidified, unlikely to reach $225M in the US, which would be down about 58% from Rogue One‘s US total.  No doubt high-level discussions are going on regarding what this means for the future of the mega-franchise.

Despite an extra week in the market, DEADPOOL 2 (20th) wasn’t far behind Solo, down 47% from last Friday to $6.5M for a $23M weekend as it heads toward $300M in the US.  That will be down a reasonable 20% from the first Deadpool.

ADRIFT (H Brothers/STX) was the best of the weekend’s openings, which isn’t saying much with a $4.4M Friday and $11M weekend.  STX only has domestic rights and supposedly only covered 10% of the $35M production cost, but it will have trouble breaking even just on its marketing expenses.

The micro-budgeted UPGRADE (Blumhouse/BH Tilt/Universal) is slightly overperforming thanks to surprisingly positive reviews (86% on Rotten Tomatoes), with a $1.7M Friday that may give it a $4.5M weekend.  It might get above the magic $10M number that supposedly guarantees profit for these Tilt titles with their minimal production and marketing costs.

ACTION POINT (Paramount) is a disaster with less than $800K on Friday and a weekend that won’t get much above $2M.  Luckily for Paramount, it’s still counting its A Quiet Place money, so this is a blip.

AVENGERS: INFINITY WAR (Marvel/Disney) is probably benefiting from the weak interest in Solo, down a mere 31% on its 6th Friday to $2.9M for an $11M weekend, heading for $660M in the US.

BOOK CLUB (Endeavor Content/Paramount) is reaping the benefits of its older audience, with a 24% dip to $2.1M on its 3rd Friday.  It should have a $7M weekend, and may top $60M in the US.

The year’s Mothers Day weekend titles are holding nicely on their 4th weekends.  LIFE OF THE PARTY (New Line/Warners) dropped 25% Friday-to-Friday to $1M for a $3.5M weekend and a US total that will exceed $50M.  The less-expensive BREAKING IN (Universal) lost 32% from last Friday to $750K for a $2.5M weekend as it continues toward $45M in the US.

In limited release, AMERICAN ANIMALS (The Orchard/MoviePass) is pointing toward a fair $25K per-theatre weekend average at 4 arthouses.

 

 



About the Author

Mitch Salem
MITCH SALEM has worked on the business side of the entertainment industry for 20 years, as a senior business affairs executive and attorney for such companies as NBC, ABC, USA, Syfy, Bravo, and BermanBraun Productions, and before that, at the NY law firm of Weil, Gotshal & Manges. During all that, he has more or less constantly been going to the movies and watching TV, and writing about both since the 1980s. His film reviews also currently appear on screened.com and the-burg.com. In addition, he is co-writer of an episode of the television series "Felicity."