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Advice & Analysis: Reviews

August 14, 2008

WEEKEND ESTIMATES: 'Tropic Thunder' with $26M 3-day and $37M 5-day Despite Michael Phelps Making History; Showbiz Satire Should Top $100M; 'The Dark Knight' No. 2 with $16.8M; 'Clone Wars' Disappoints with $15.5M and May Not Reach $40M Domestic!

by Steve Mason

Steve Mason is now on Facebook.

SUNDAY 8:30 a.m. (Pacific): The DreamWorks/Paramount comedy Tropic Thunder received a nice 17 percent bump from Friday's $8.2 million and should finish the weekend with about $26 million according to studio estimates. That means that the Ben Stiller-directed movie satire has actually scored a better three-day take than last weekend's R-rated Pineapple Express (Sony), which generated $23.24 million Friday-thru-Sunday.

There was clearly some concern after Thunder opened with $6.5 million Wednesday and dipped to $4.5 million on Thursday, far behind Pineapple's $12 million Wednesday and $6 million Thursday, but the picture recovered nicely over the traditional three-day. It seems clear now that the Seth Rogen/James Franco comedy was helped by getting a jump on the Beijing Olympics by two days, and the Under 25s that rushed to see the movie are not traditional Olympics fans anyway.

The more sophisticated Tropic Thunder, with excellent reviews, was definitely competing more directly with NBC's Olympics coverage. Thunder reached $37 million for five days despite competing with Michael Phelps's history-making eight gold medals, Nastia Liukin and Shawn Johnson finishing 1-2 in the women's gymnastics all-around and other marquee events like the 100-meter dash, won by Usain Bolt of Jamaica in world-record time on Saturday. With only a week of the Olympics to go and very light competition on the release schedule over the next month, Tropic Thunder should easily top $100 million, while Pineapple Express seems more likely to stall out around $70 million-$75 million.

Megahit The Dark Knight (Warner Bros.) was no. 2 for the weekend adding an estimated $16.79 million according to Warner Bros. That was stronger than fellow Warner Bros. release Star Wars: The Clone Wars, which dropped over 18 percent on Saturday, and will wrap the weekend with just $15.5 million. It appears that George Lucas's animated continuation of the Star Wars mythology will struggle to reach $40 million domestic.

R-rated horror film Mirrors (20th Century Fox) from Alexandre Aja (The Hills Have Eyes) played better than expected after a $4.25 million Friday. The movie was essentially flat day-over-day and should have $11.12 million banked by Monday morning. That makes it the fifth-best horror opening of 2008, following The Strangers, Prom Night, The Eye and One Missed Call.

At No. 5 is the aforementioned Pineapple Express, which tailed off by a dramatic 57 percent to $10 million. Two other new wide releases struggled. Fly Me to the Moon, the animated 3D family film from Summit, was unable to grab as many 3D locations as they had hoped and scored a $2 million opening weekend. Meanwhile Overture's Henry Poole Is Here starring Luke Wilson managed just $800,000 at 527 locations.

STUDIO 3-DAY ESTIMATES
1. NEW Tropic Thunder (DreamWorks/Paramount) — $26 million, $7,833 PTA, $37.03 million cume
2. The Dark Knight (Warner Bros.) — $16.79 million, $4,676 PTA, $471.49 million cume
3. NEW Star Wars: The Clone Wars (Warner Bros.) — $15.5 million, $4,491 PTA, $15.5 million cume
4. NEW Mirrors (20th Century Fox) — $11.12 million, $4,176 PTA, $11.12 million cume
5. Pineapple Express (Sony) — $10 million, $3,255 PTA, $62.93 million cume
6. The Mummy: Tomb of the Dragon Emperor (Universal) — $8.6 million, $2,599 PTA, $86.64 million cume
7. Mamma Mia (Universal) — $6.49 million, $2,345 PTA, $116.41 million cume
8. The Sisterhood of the Traveling Pants 2 (Warner Bros.) — $5.93 million, $2,184 PTA, $32.14 million cume
9. Step Brothers (Sony) — $5 million, $1,888 PTA, $90.88 million cume
10. NEW Vicky Cristina Barcelona (The Weinstein Co.) — $3.71 million, $5,361 PTA, $3.71 million cume
* NEW Fly Me to the Moon 3D (Summit) — $2 million, $4,424, $2 million cume
* NEW Henry Poole Is Here (Overture) — $800,000, $1,518 PTA, $800,000 cume

FRIDAY 9:30 p.m. (Pacific): Tropic Thunder (DreamWorks/Paramount) is a hit, but it will come in with a five-day of less than Sony's Pineapple Express, and it seems that the Beijing Olympics may be hurting the new R-rated comedy's performance. Last week's stoner comedy Express, starring Seth Rogen and James Franco, got two solid days of business in before the start of the Beijing Olympics and registered just over $18 million on Wednesday and Thursday, then scored $23.24 million on its opening weekend. Tropic Thunder, on the other hand, registered only $11 million in its first two days in theatres, followed by an estimated $8.25 million on Friday. That should translate to a $26.5 million three-day and an opening five days of $37.53 million or so.

The DreamWorks comedy is skewing much older than Pineapple Express, it is decidedly more sophisticated, and the 25 Plus demo is far more likely to tune in following the Olympics. The Ben Stiller-directed showbiz satire has received excellent reviews (83 percent Fresh on Rotten Tomatoes and a Metacritic score of 72), but that tends to drive those same mature moviegoers. Robert Downey Jr., Ben Stiller, Jack Black and Tom Cruise are competing with the world's biggest star at the moment, Michael Phelps, who tied the 36-year-old Mark Spitz record of seven gold medals at a single Olympiad on Friday night at the Water Cube in Beijing and will try to surpass that mark on Saturday night in primetime on NBC.

With excellent word-of-mouth, the end of the Olympics next weekend, and no major competition for the next month, I am still anticipating that Tropic Thunder can reach $100 million, whereas I am projecting a still excellent $70 million-$75 million for Pineapple Express. The Judd Apatow-produced Express, however, was budgeted at a very modest $27 million compared to Thunder's $100 million budget.

Star Wars: The Clone Wars (Warner Bros), an animated LucasFilm spin-off, grabbed an estimated $6.65 million on Friday, but this film will be very front-loaded, as Star Wars junkies poured into theatres on opening day. The film could dip as much as 15 percent-20 percent on Saturday, leading to a three-day of $19.5 million or so. That will probably mean a total domestic box office take in the $45 million-$50 million range.

Another solid hold for The Dark Knight (Warner Bros.), which continues to soar to heights once thought impossible. The Christopher Nolan-directed comic book adaptation added an estimated $4.95 million on Friday for an anticipated three-day of $17.17 million, pushing the mega-hit to almost $472 million. TDK seems destined for $515 million-$520 million domestic.

Alexandre Aja's Mirrors (20th Century Fox) actually outperformed Pineapple Express on Friday with $3.7 million in sales, but it will finish its opening weekend in fifth place with an estimated $9.8 million. That makes it only the sixth-best opening for a horror movie in 2008.

TOP 7 2008 HORROR FILM OPENINGS
1. The Strangers — $21 million
2. Prom Night — $20.8 million
3. The Eye — $12.42 million
4. One Missed Call — $12.5 million
5. Shutter — $10.4 million
6. Mirrors — $9.8 million (Estimated)
7. The Ruins — $8 million

Meanwhile, The buzz is apparently wearing off for moviegoers as Pineapple Express slowed to $3.48 million on Friday. The marijuana-fueled comedy is headed for an estimated $10.44 million and a new cume just north of $63 million, but that represents a 55 percent drop from its opening weekend.

EXCLUSIVE FANTASY MOGULS EARLY FRIDAY ESTIMATES
1. NEW Tropic Thunder (DreamWorks/Paramount) — $8.5 million, $2,561 PTA, $19.53 million cume
2. NEW Star Wars: The Clone Wars (Warner Bros.) — $6.65 million, $1,926 PTA, $6.68 million cume
3. The Dark Knight (Warner Bros.) — $4.95 million, $1,379 PTA, $459.6 million cume
4. NEW Mirrors (20th Century Fox) — $3.7 million, $1,389 PTA, $3.7 million cume
5. Pineapple Express (Sony) — $3.48 million, $1,133 PTA, $56.41 million cume
6. The Mummy: Tomb of the Dragon Emperor (Universal) — $2.33 million, $693 PTA, $80.37 million cume
7. The Sisterhood of the Traveling Pants 2 (Warner Bros.) — $2.15 million, $796 PTA, $28.37 million cume
8. Step Brothers (Sony) — $1.57 million, $595 PTA, $87.46 million cume
9. Mamma Mia (Universal) — $1.47 million, $533 PTA, $111.39 million cume
10. NEW Vicky Cristina Barcelona (The Weinstein Co.) — $1.15 million, $1,662 PTA, $1.15 million cume

EXCLUSIVE FANTASY MOGULS EARLY 3-DAY ESTIMATES

1. NEW Tropic Thunder (DreamWorks/Paramount) — $26.5 million, $7,984 PTA, $37.53 million cume
2. NEW Star Wars: The Clone Wars (Warner Bros.) — $19.5 million, $5,649 PTA, $19.5 million cume
3. The Dark Knight (Warner Bros.) — $17.17 million, $4,785 PTA, $471.87 million cume
4. Pineapple Express (Sony) — $10.44 million, $3,398 PTA, $63.37 million cume
5. NEW Mirrors (20th Century Fox) — $9.8 million, $3,679 PTA, $9.8 million cume
6. The Mummy: Tomb of the Dragon Emperor (Universal) — $7.99 million, $2,377 PTA, $86 million cume
7. The Sisterhood of the Traveling Pants 2 (Warner Bros.) — $6.69 million, $2,467 PTA, $32.91 million cume
8. Step Brothers (Sony) — $5.24 million, $1,982 PTA, $91.13 million cume
9. Mamma Mia (Universal) — $5.13 million, $1,853 PTA, $115.05 million cume
10. NEW Vicky Cristina Barcelona (The Weinstein Co.) — $4.02 million, $5,816 PTA, $4.02 million cume

THURSDAY 2:00 p.m. (Pacific): Paramount/Dreamworks says that they have been expecting a soft opening for Tropic Thunder, but I am a bit surprised. Last night, I reported that the film generated $7.5 million in Wednesday ticket sales, and, as it turns out, the real number is $6.5 million. Given that Pineapple Express (Sony) topped $12 million last Wednesday, I was expecting at least $9 million on Day 1, even with direct competition from the Beijing Olympics.

Thunder has received 83 percent positive reviews on Rotten Tomatoes and the movie has a lot of buzz according to industry tracking, so why softer than Pineapple Express? The obvious answer is that the Under 25 "stoner crowd" showed up last Wednesday in big numbers, resulting in a front-loaded five-day take. In fact, opening day was easily the best box office performance for Express. That will not be the case with Tropic Thunder.

The Ben Stiller-directed movie-within-a-movie comedy will likely follow a more traditional weekend model with a big Friday, a slight increase on Saturday and a summer Sunday dip of 20 percent-25 percent. Ultimately, the size of Thunder's five-day will be determined by how big its Friday number is. A $7 million Friday would likely translate to $22.5 million for the traditional three-day and a five-day of $33.5 million or so. If the movie surges to $10 million on Friday, then it would top $30 million for three days and $40 million for five days. My hunch is that Friday will come in right around $8 million. If that's the way the start of the traditional weekend goes, then Tropic Thunder's three-day will be an estimated $25 million and the film will have banked $36.5 million by Monday morning.

WEDNESDAY 10:00 p.m. (Pacific): It appears that the Ben Stiller-directed Tropic Thunder (DreamWorks/Paramount) has opened about 40 percent off the first-day number for Sony's Pineapple Express last Wednesday. Early estimates show that the wild, movie-within-a-movie R-rated comedy has scored a solid, but less than meteoric midweek opening of $7.5 million or so.

My industry sources are telling me that this picture will play differently than Pineapple Express. Frankly, the marijuana party crowd fueled the big Wednesday of $12 million for Express, then the film dropped 50 percent on Thursday, recovered for just under $8 million on Friday, was down slightly on Saturday to $7.6 million and scored a near-identical Sunday. Tropic Thunder will likely follow a more traditional model.

With Stiller, Robert Downey Jr., Jack Black and Tom Cruise in tow and an excellent Rotten Tomatoes score of 80 percent, Tropic Thunder will play older than Express. It seems that Thunder will be down a less dramatic percentage on Thursday to about $5 million before bouncing up to a possible $8.5 million Friday, a potential 20 percent bump on Saturday to $10.2 million and a dip of 20 percent on Sunday to $8.2 million. There is obviously some guesswork here, but this seems like a solid theory.

If the film plays out this way, the five-day will be right on $40 million (I predicted $45 million on Tuesday) and the traditional three-day will be about $27 million (up from my early week prediction of $25 million). That will still be enough for Tropic Thunder to win the three-day with Star Wars: The Clone Wars (Warner Bros.), trailing at $18 million-$21 million and fellow Warner Bros. title The Dark Knight (Warner Bros.) slipping to No. 3 at $15 million-$18 million.

The buzz for Tropic Thunder is solid, and there is not a lot of competition in the next couple of weeks, so the film will have legs. With a $40 million five-day, the raucous comedy should have no trouble topping $100 million domestic.

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Posted at 12:22 AM in Advice and Analysis, Live Weekend Estimates, Steve Mason, The Hollywood Independent | Permalink

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Comments

numbersix_99

Wow Mase, you're posting from the future ;-)

Posted by: numbersix_99 | August 14, 2008 at 01:44 AM

Lester Hayes

the buzz is not too solid. maybe with reviewers who are all over the age of 40. With the exception of a couple great parts, Tropic is not too funny. It is kind of boring and overall average. Your revised weekend numbers are too high. Your industry sources must be over at paramount. Tropic will make under 25 million this weekend. Your 27 prediction is just silly. Summer is over Mason you need to act like it.

Posted by: Lester Hayes | August 14, 2008 at 08:53 AM

Matthew

Hmmmm I agree Tropic should do better than Pineapple Express, Tropic ha sa lot more buzz around it. My friends who went to go see it said ti was awesome, and most of my friends who saw Express weren't very impressed so I think word of mouth will win in the end.

Posted by: Matthew | August 14, 2008 at 09:17 AM

numbersix_99

Have to disagree, Lester. The Metacritic and RT scores for TT are very high for a comedy like this. Reviews like this will generate huge interest, especially for a film with such a large cast. I think a 25 mil+ is possible

Posted by: numbersix_99 | August 14, 2008 at 11:31 AM

Average moviegoer

Pretty much everyone in my theater was under 25 and laughed their ass off. It was about 3/4 full. This movie will have much better legs then PE. Summer aint over bitch.

Posted by: Average moviegoer | August 14, 2008 at 03:10 PM

salva

Thats horrible for tropic thunder hope it has legs. And wats even more horrible is that Harry potter and the half-blood prince will open on july 17th 2009 thats not good

Posted by: salva | August 14, 2008 at 07:30 PM

Jake

Like i said before, I just didn't understand why anyone would be surprised by the first day box office of tropic thunder -- I was not bowled over by the preview and wanted to definitely see Pineapple Express more than tropic thunder -- if I only had to see one. I will see Thunder, but the appeal for me was for Pineapple -- which by the way is better than I could have expected.

A comedy war movie that is a sendup of moviemaking -- thought those movies don't do well....

Posted by: Jake | August 14, 2008 at 08:06 PM

sam

I hope that High School Musical moves to Thanksgiving instead of October 24th to take the place of the shocking move of Harry potter to the summer.

Even james bond should move. Early november sucks as a release date and it won't be able to play through the holidays as previous bond films....

Posted by: sam | August 14, 2008 at 08:14 PM

elessar

Sam: Bond will still be playing at Thanksgiving. It only comes out two weeks earlier than its predecessor. Actually, early November has often been fortuitous for films: Borat, American Gangster, Bee Movie, etc.

Posted by: elessar | August 15, 2008 at 05:24 AM

sam

Elessar -- if you look at the most successful bond movies, they are the ones that open right before thanksgiving or in December. Opening in early november, you get the screen crunch...

Posted by: sam | August 15, 2008 at 03:51 PM

Andy

Um, I'm going to chalk up the soft TT opening to school starting back. Kids are studying once again. Simple as that.

Posted by: Andy | August 15, 2008 at 08:21 PM

Buscemi

How did Henry Poole Is Here and Fly Me To The Moon do?

Posted by: Buscemi | August 16, 2008 at 12:35 AM

Synestro

Fly Me to the Moon did $650K on Friday, no word yet on Henry Poole. Seems like the summer movie season ended early this year. And, Sam, don't look for HSM to push back as Thanksgiving is now officially "Twilight" time.

Posted by: Synestro | August 16, 2008 at 04:26 AM

AC

Keep revising downward for Tropic Thunder. Pineapple Express will end up somewhere over $80m. Tropic Thunder will struggle to reach that. Step Brothers will end up outgrossing both of them ($90m and counting after this weekend).

Posted by: AC | August 16, 2008 at 04:27 AM

Squirrel

Can we please not turn this into a Harry Potter/fall discussion, guys? Completely OT.

Clone Wars was Friday's winner at my theater, hands-down, and I wonder how it will hold up today.

Posted by: Squirrel | August 16, 2008 at 07:05 AM

JP

On the Horror list, is Cloverfield not considered horror?

Posted by: JP | August 16, 2008 at 07:21 AM

Stev

Cloverfield is not horror and most of the movies on that horror list are not rated R.

Posted by: Stev | August 16, 2008 at 07:47 AM

nick

yeah in my city star wars was beating tt by a little bit but out of the 400 people who saw it on friday we had 2 count em 2 star wars fans come in. every one else was parents with there kids so it should play more like a family film than be totally from loaded

Posted by: nick | August 16, 2008 at 10:21 AM

Buscemi

I got the Henry Poole Is Here numbers and it is a full-fledged bomb (just $250,000 on Friday). That was a good last-minute Bankrupts pick.

Posted by: Buscemi | August 16, 2008 at 02:51 PM

Steve Mason

Hey all,
Good catch on the list of horror movies. The movies on the list are all horror, but most are PG13. I am not including CLOVERFIELD or THE HAPPENING.

FLY ME TO THE MOON finished Friday with $700K, and it should come in at $2.25M or so for the weekend. HENRY POOLE managed only $250K and seems headed for something in the $750K range for the 3-day.

My guess for the order of the R-rated comedies is...

TROPIC THUNDER - $115M
STEP BROTHERS - $105M
PINEAPPLE EXPRESS - $75M

TT is definitely much softer than I expected a few weeks ago. Love the movie. Really funny. But, may be too "inside Hollywood" for the middle of the country.

Mase

Posted by: Steve Mason | August 16, 2008 at 03:03 PM

Seth

Just came from Tropic Thunder it was nowhere near the critical acclaim it has been getting (Downey Jr, Mcconaughey and Cruise are great) but really this is not that great or funny a story. Pineapple Express is the real deal and if you think the olympics are playing havoc on TT -- I've got some land to sell you. Sorry, previews were not that great and having seen it, I wouldn't be suprised if it dropped some more.

Posted by: Seth | August 16, 2008 at 08:37 PM

annyonggob888

^^LOL at the comment directly above me...

Seth Rogen, is that you? Tut-tut promoting your film over Tropic Thunder on a site like FM... tut-tut!

Posted by: annyonggob888 | August 17, 2008 at 08:25 AM

Bob

I will not be surprised to see Tropic Thunder have great legs. The theater I went to was packed, it seemed like all the seats were filled up and after the movie everyone was clapping. Afterwards people were saying that it was one of the greatest comedies they have ever seen. Here's to probably repeating at number 1 next weekend.

Posted by: Bob | August 17, 2008 at 09:41 AM

Jake

Pineapple Express is way better than Tropic Thunder -- all who agree please comment!!!!

I think the overacclaim for TT just does not live up to it.

Posted by: Jake | August 17, 2008 at 09:42 AM

aadams

Haven't seen TT yet but was not blown away by Pineapple. The scenes with James Franco were awesome, the last 30 minutes of dumb action actually ruined it for me. They tried to do the Blues Brothers meets Cheech and Chong, and it could have been better. Plus, when did Rosie Perez get so old??

Posted by: aadams | August 17, 2008 at 10:11 AM

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