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Weaker than Expected New Releases Don't Help Holdovers

August 26th, 2003

The three new releases this week did significantly worse than expected, however, the holdovers didn't pick up the slack as they usually do. This led to a massive 31.5% drop from last weekend but a 12.2% increase from last year. An interesting note, the top four films this week remained in the same order as they did last weekend. I don't know when that last happened.

While Freddy vs. Jason did finish first, that's a small bit of good news in an otherwise terrible second week performance. It was only able to grab $13.2 million, well below most predictions, which resulting in a 64% drop-off. The biggest second week drop off for a number one movie since The Hulk, and second largest such drop overall. Next weekend when the similarly targeted movie Jeepers Creepers 2 opens could spell an even worse result.

Second place again went to S.W.A.T. with $10.6 million. $100 million by next week is the goal and there's talk of a new TV spin-off in the works.

Just missing predictions by a rounding error was Open Range which added $9.5 million to it's total. Unfortunately, this genre usually doesn't do well internationally and the studio will most likely have to wait till the home market to see a profit.

Freaky Friday was the only movie to outperform its predictions, albeit by only a few hundred thousand. The $9.3 million earned this week makes the movie very close to showing a profit after only 3 weeks of release.

The first of three new releases this week was The Medallion, which could only manage $8.1 million and fifth place at the box office. The Medallion had the best reviews of any wide release of the weekend, but at 20% it really doesn't mean much. Despite similar reviews and international performances as The Tuxedo this movie couldn't find an audience domestically. This probably means Jackie Chan needs to do something different in his next film. And Around the World in 80 Days does look different than the usual Jackie Chan movie.

Some analysts had My Boss's Daughter finish in the top five. However, not only did it miss the top five, like I predicted, it barely landed in the top 10. It could only grab $4.9 million in its opening weekend, which was only good enough for tenth place. It also had the lowest per theatre average in the top ten. This movie wasn't screened for the critics, and for good reason. My Boss's Daughter only managed a lowly 11% positive.

Getting the worst reveiws of the week was Marci X. This could be the movie that stops people from making fun of Gigli. That's how bad it did both at the box office and with the critics. It's apropos that I compared Marci X to Grind since Marci X finished in 17th place with less than $900 thousand and Grind finished 18th. Marci X earned less in its first weekend than Finding Nemo did in its 13th. Marci X's per theatre average for its first weekend was lower than Daddy Day Care's in its 16th weekend. This is a failure that should result in people being fired and careers coming to an end.

To update the box office of the movies I mentioned on Friday, Thirteen and American Splendor both did well enough to be featured on the top ten per theatre average chart. Step into Liquid and The Magdalene Sisters both saw significant increases in their box office and both should cross the $1 million mark mid-week while The Secret Lives of Dentists crossed that mark on Friday. And Passionada saw its per theatre average increase from last weekend.

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Filed under: Hulk, S.W.A.T., Freaky Friday, Open Range, The Tuxedo, Jeepers Creepers II, The Medallion, My Boss's Daughter, Gigli, Grind, The Magdalene Sisters, Thirteen, Step Into Liquid, Marci X, Passionada, American Splendor