Box Office Guru Wrapup: It's Lucky 7 for Avatar: $2 Billion Broken!

Disgruntled Mel Gibson: "The Na'vi are responsible for all the wars in the universe."

by | January 31, 2010 | Comments

Once again, it wasn’t even close. James Cameron’s 3D epic

Avatar
ruled the box office for the seventh consecutive time grossing more
than the frame’s two new releases combined. With another remarkably low decline,
the sci-fi actioner put itself within inches of passing Titanic‘s
all-time domestic record while incredible staying power overseas propelled the
worldwide gross past the $2 billion mark. Picking up the crumbs were the new
films Edge of
Darkness
with Mel Gibson which enjoyed a mediocre debut and the romantic
comedy When in Rome
which did better than expected in third place.

With another $30M, according to estimates,
Avatar
had no problem
defending its crown during its seventh weekend to remain the most popular movie
choice in North America. Off a slim 14%, the Fox smash watched its total soar to
an eye-popping $594.5M after only 45 days of release. The Na’vi pic is now only
three days away from breaking the $600M mark and sailing past the $600.8M
domestic record held by Titanic for twelve years.[rtimage]MapID=1194501&MapTypeID=2&photo=33&legacy=1[/rtimage]Of
course, Avatar is benefiting from higher ticket prices for 2D films as
well as surcharges from 3D and IMAX 3D screens where the bulk of the business is
coming from. As for total audience size,
Titanic
sold
roughly 125 million tickets while Avatar has sold in the neighborhood of 70
million and counting which is about equal to the tallies of 2004’s Shrek 2
and 2002’s Spider-Man. Studios generally do not reveal exact admissions
figures. Still, movie fans have never emptied their wallets to this extent
before.

No film since the iceberg pic has spent at least seven weekends at number one
and Avatar set a new record for grosses in the seventh weekend beating
Titanic’s $25.9M from 1998. As if the Pandora adventure needs any more momentum,
Tuesday morning will bring the announcement of Academy Award nominations and
Avatar
is expected to score nods for Picture and Director in addition to
several technical notices. In fact, it may be among the films with the most
overall nominations which would serve to keep selling the film throughout
February to the few who have not seen it yet. Shattering the $700M mark is all
but guaranteed now and next weekend should see it at the top for the eighth
straight time.

More than tripling its domestic performance, Avatar grossed another $95M
overseas this weekend for a slender 12% decline as the film’s sensational legs
are carrying it forward all around the world. The international total has now
surged to $1.445 billion allowing the worldwide take to shatter the $2 billion
barrier. The global gross stands at $2.039 billion and the current trajectory
puts it on course to possibly reach a staggering $2.5 billion. Then again, every
industry estimate for Avatar ‘s final gross has had to be revised upwards
during its historic run.[rtimage]MapID=1194501&MapTypeID=2&photo=32&legacy=1[/rtimage]Mel
Gibson’s face returned to the big screen for the first time in nearly eight
years with the revenge thriller
Edge of Darkness
which generated a decent but not stellar opening with an estimated $17.1M.
Averaging a somewhat good $5,584 from 3,066 locations, the R-rated film about a
Boston detective out to solve his daughter’s murder earned generally positive
reviews and played to an adult audience. But Darkness opened below the
$21.2M of Gibson’s 1999 film Payback, another R-rated gritty crime
thriller released at this same time of year, which would be $30M at today’s
ticket prices. Edge also did not come close to the $24.7M bow of Liam Neeson’s
own daddy-wants-revenge thriller Taken from this weekend last year.
Gibson attracted plenty of bad press over the last three years with his arrest
and divorce and had mostly stayed away from the spotlight until now. Future
films will show whether his starpower has truly faded or if moviegoers will
still flock to him in big-ticket items.[rtimage]MapID=1210770&MapTypeID=2&photo=26&legacy=1[/rtimage]Opening
better than expected in third place was the romantic comedy
When in Rome

starring Kristen Bell which grossed an estimated $12.1M from 2,456 theaters.
Averaging a solid $4,912 per location, the PG-13 film about a New York career
gal that travels to Italy to find love connected with female audiences not in
the mood for blue aliens and gun-toting dads out for revenge. According to
studio research, the critically panned film’s audience was 69% female and 55%
over 25. It easily bested the $9.2M bow of the Amy Adams flick Leap Year,
another romantic comedy about a Yankee lady hopping the Atlantic to find Mr.
Right.

With no new kiddie movies opening, Fox’s
The Tooth Fairy

enjoyed a solid hold dipping only 29% to an estimated $10M in its second weekend
of release. But the Dwayne Johnson family comedy still only stands at $26.1M and
could find its way to $50-60M. Denzel Washington’s
The Book of Eli

is doing much better overall. Down 44% to an estimated $8.8M, the Warner Bros.
pic has banked an impressive $74.4M in 17 days making it the only new film of
2010 to surpass $30M.[rtimage]MapID=1207964&MapTypeID=2&photo=12&legacy=1[/rtimage]Sony’s
supernatural thriller
Legion

collapsed in its second frame tumbling 61% to an estimated $6.8M for a $28.6M
total. Budgeted in the $25-30M range, the R-rated film looks to reach about $40M
by the end of its run. The Peter Jackson-helmed
The Lovely Bones

followed with an estimated $4.7M, down 44%, raising the sum to
$38M.[rtimage]MapID=1216680&MapTypeID=2&photo=28&legacy=1[/rtimage]A trio of big
boys from Christmas weekend with good holds rounded out the top ten.
Sherlock Holmes

took in an estimated $4.5M dropping 32% and pushed the cume to $197.6M for
Warner Bros. Fox’s

Alvin and the Chipmunks: The Squeakquel
fell 38% to an estimated $4M for
$209.3M to date. And the Meryl Streep comedy
It’s
Complicated
grossed an estimated $3.7M, off 36%, giving Universal $104M
and a spot in the century club.[rtimage]MapID=10010659&MapTypeID=2&photo=41&legacy=1[/rtimage]Some
interesting activity took place outside of the top ten. Sandra Bullock’s The
Blind Side
scored another solid hold in its eleventh weekend of release
dipping just 28% to an estimated $3M vaulting the total to an amazing $237.9M.
The actress may earn an Oscar nomination this week for her role which would only
help the sleeper hit’s chances of passing the $250M mark. On the other hand, the
Brendan Fraser-Harrison Ford drama Extraordinary Measures followed its
weak debut with a dismal 57% tumble to an estimated $2.6M for a weak ten-day
total of $10.4M. It represents a shaky start for new distributor CBS Films,
however recent newbies Overture and Summit also flopped with their first
releases only to score hits later on, most notably Summit with the Twilight
series.

With Jeff Bridges looking like the front-runner in the Best Actor race, Fox
Searchlight expanded its music tale Crazy Heart from 93 to 239 theaters
across many markets and took in an estimated $2.3M for a solid $9,414 average.
Total is $6.6M and moviegoer interest is sure to see a boost once Academy Award
nominations are announced on Tuesday. Bridges has already won trophies from the
Golden Globes and the SAG Awards. Elsewhere, Disney crossed the $100M mark with
its latest animated feature The Princess and the Frog.

The top ten films grossed $101.7M which was up 6% from last year when Taken
opened in the top spot with $24.7M; and up 7% from 2008 when Hannah Montana &
Miley Cyrus: Best of Both Worlds 3D
debuted at number one with $31.1M with
$15 tickets.

Author: Gitseh Pandya, Box Office Guru!