The summer movie season is known as the blockbuster season, however it’s also a graveyard for failed blockbusters.
Coming in first place over the past weekend at the box-office was the biggest release of the month, Guardians of the Galaxy Vol 2, which managed to hold on to the top spot for the second consecutive week. Marvel’s sequel grossed an estimated $65.2 million dollars in its second week of release and brought its worldwide total to over $632 million dollars and counting. It’s an inevitability at this point that the sequel will eclipse the original’s worldwide gross of $773 million dollars. In fact, it looks highly likely that the movie will be able to cross the billion dollar mark over the next few weeks.
The surprise of the weekend belonged to Snatched, which came in second place unexpectedly. The Amy Schumer and Goldie Hawn comedy had an estimated $19.5 million dollar opening and bested King Arthur. The opening is considerably below the $30 million dollar debut of Trainwreck, but still is a respectable number for a movie with uncertain projections. The movie has an announced budget of $42 million dollars which should be a reachable number for the movie over the next few weeks.
King Arthur: Legend of the Sword came in third place and once again proved that audiences are not motivated by cinematic remakes of the legend of Excalibur and the Knights of the Roundtable. The movie had an estimated $15.3 million dollar opening and it was announced today that Warner Bros is expecting to lose as much as $150 million dollars on the flop. This is certainly one of the biggest failures of the year and cast a grey shadow of doubt over director Guy Ritchie who had previously won the confidence of Disney to direct their live-action Aladdin movie.
Fourth place belonged to The Fate of the Furious, which continued its successful run and added another $5.4 million dollars to its lofty $215 million dollar domestic take. The movie is close to grossing over $1.2 million dollars worldwide and is another glowing success for Universal. We should expect announcements on future sequels and spin-offs for the franchise any day now.
Rounding out the top five spots was Beauty and the Beast which grossed another $4.8 million dollars to add to its huge run. In its ninth week of release, Disney’s live-action blockbuster has grossed over $1.2 billion dollars and is the shining example of a new sub-genre of filmmaking that the Mouse House has coined.
Here is the complete Box-Office Report for the weekend of May 12th-14th, 2017.
|TW||LW||Title (click to view)||Studio||Weekend Gross||% Change||Theater Count / Change||Average||Total Gross||Budget*||Week #|
|1||1||Guardians of the Galaxy Vol. 2||BV||$65,263,492||-55.5%||4,347||–||$15,013||$248,420,911||$200||2|
|3||N||King Arthur: Legend of the Sword||WB||$15,371,270||–||3,702||–||$4,152||$15,371,270||$175||1|
|4||2||The Fate of the Furious||Uni.||$5,400,845||-37.0%||3,067||-528||$1,761||$215,134,775||$250||5|
|5||5||Beauty and the Beast (2017)||BV||$4,809,170||-5.5%||2,172||-508||$2,214||$494,140,334||$160||9|
|6||3||The Boss Baby||Fox||$4,496,614||-24.8%||2,911||-373||$1,545||$162,275,884||–||7|
|7||4||How to be a Latin Lover||PNT||$3,858,898||-25.0%||1,123||-80||$3,436||$26,251,899||–||3|
|9||6||The Circle (2017)||STX||$1,780,689||-55.0%||2,132||-1,031||$835||$18,943,251||$18||3|
|10||7||Baahubali 2: The Conclusion||GrtIndia||$1,593,000||-53.2%||375||-44||$4,248||$18,977,072||–||3|
Source: Box Office Mojo