Two New Sequels and Franchise Flop? – Box Office Report

Box Office June 10

It’s another Tuesday morning for me here in the UK, which means the Box Office actuals for last weekend are in and this week saw a number of new releases- three to be exact. We had a couple of new sequels opening in The Conjuring 2 and Now You See Me 2 as well as the anticipated Warcraft which opened in a number of locations worldwide a week earlier.

So the top five of last weekend;

Opening at number one was The Conjuring 2, the sequel to James Wan’s The Conjuring which saw Wan return to the critically acclaimed horror which is loved and respected by most critics (although based on the trailer, I won’t go near it because I’m far too scared; which in a way is a good thing for them, it’s just not my genre). Usually with sequels, depending on the success of the first, we see either a significant drop in box office or a significant rise. This can be attributed to perhaps the first film not finding it’s audience until home release and then they come out in force for the sequel, Batman Begins is a good example of this (though it certainly helped that The Dark Knight just so happens to be one of the greatest films of all time). Alternatively a fairly average film can come out at just the right time to make some serious money at the box office, plus its ‘OK’ enough that it can earn average reviews so the studios waste no time getting the sequel underway- then the sequel makes no money thus revealing the lightening in the bottle of the first film, a recent example of this is Alice in Wonderland and Alice Through the Looking Glass. The Conjuring 2 however made a respectable $40.4 million this weekend which is only $1.4 million short of the first Conjuring’s opening to $41.8 million. So it seems to have found it’s audience once again and impressively opened at number one despite some interesting competition. It’s also fairly common knowledge that horror films can be made on a much small budget than most major releases these days so it’s no surprise that The Conjuring 2 has already made its $40 million budget back and almost doubling it with its $90 million worldwide opening. Things are looking good for the young director and now he can focus solely on Aquaman.

Conjuring

Opening at number two we have a bona fide game changer in Warcraft. You may be asking yourself if I said “game changer” just because it’s a major release based on a video game. Well the answer is no (well maybe a little bit yes, but mostly no) the reason Warcraft is changing the game is because despite opening to number two with $24.17 million domestically which is a little less than what I’m sure the studio were hoping for given it’s $160 million dollar budget, it has been very successful worldwide having already earned an impressive $285 million, $156 million of that worldwide total was from China alone which proves China is now one of the biggest film markets in the world and could even potentially overtake North America by the end of 2017. It’s hard for any studio to ignore that potential. Despite the already impressive worldwide numbers, the negative reviews could mean a large drop off next weekend. It’s been speculated for some time that Warcraft would be mostly for it’s preexisting fan base and that usually means it can find that audience opening weekend and likely won’t have the legs needed to really make a significant profit or successfully stay in the top five in the weeks to come.

warcraft

On to this weekend’s number three. Now You See Me 2, the other new sequel opening and this one raised a few eyebrows. The first Now You See Me was relatively well received, the reviews were ok and it opened at number two with $29.35 million ahead of Will Smith’s After Earth but failed to beat out the Goliath of Fast and Furious 6 in it’s second week. Going on to make about $118 million domestically and $352 million worldwide is certainly enough of an excuse for Lionsgate to get going on the sequel, and three years later here we are. $22.38 million is what the sequel could muster and it may even be enough to gain a third entry this out-of-nowhere franchise, especially if it can make the sort of money the first film made, but there is still a long way to go and a lot of tough competition this summer.

now you see me 2

Dropping from number one to number four now is Teenage Mutant Ninja Turtles: Out of the Shadows which had a 59.3% drop off this weekend earning $14.39 million. The heroes-in-a-half-shell seem to be struggling in the foreign market having only earned $55.3 million next to its $60.6 domestic takings which means in it’s second week the turtles could only earn $115.9 million of it’s $135 million budget, but as long as it stays in the top five and doesn’t have too big a drop off next weekend, it should turn a profit, but only time will tell.

tmnt oots

Rounding out the top five with a 56.6% drop is X-Men Apocalypse which managed to take in $9.9 million in week two bringing it’s domestic total to $136.3 million which is just shy of 30% of its $476 million worldwide total. This weekends earnings put Apocalypse over The Wolverine making it the 8th highest earning X-Men film… out of 9. Number 1 of course is Deadpool so even though Apocalypse loses that battle, Fox still win the war.

xmen0002

Opening next week we have new additions in Finding Dory, the latest outing from Pixar and Central Intelligence an action comedy starring Dwayne ‘The Rock’ Johnson and Kevin Hart. Both are expecting to open big and it is even speculated that Finding Dory could see a $100+ million opening which would certainly help make up for the disappointing The Good Dinosaur which was the first Pixar film to lose money.

My predictions for next weekend are Finding Dory at number 1 but I’m going to play it safe and say it will only earn around $92 million. I’ll put Central Intelligence at number 2 with $32 million. The Conjuring 2 I think will stay in the top 5 at number 3 with somewhere around the $19 million mark. I think Warcraft will have a bigger drop than Now You See Me 2 leaving 4th earning around $14 million and Warcraft in 5th to take about $11 million.

  1. Finding Dory ($92 million)
  2. Central Intelligence ($32 million)
  3. The Conjuring 2 ($19 million)
  4. Now You See Me 2 ($14 million)
  5. Warcraft ($11 million)

What are your predictions for next weeks Top 5? Leave your comments below to let me know!

Source: BoxOfficeMojo

 

Tommy Terry-Green

Tommy Terry-Green

Tommy is a Staff Writer at Heroic Hollywood from London, UK. He also co-founded GEEKSPACE and writes for Generation Comics.

  • ghost race Killa

    Please stop saying that Dark Knight is one of the greatest movies of all time everyone was great in it but Batman sucked in it and for that reason alone makes the credits in the movie drop

    • Tommy Terry-Green

      Yeah, well, you know, that’s just, like, your opinion, man.

      • ghost race Killa

        I’ve yet to be proven otherwise people love to highlight the great supporting actor for Joker in the movie but they never talk about how horrible the Betrayal of Batman or Bruce Wayne was in the movie

        • Tommy Terry-Green

          I’m not going to try and prove your opinion wrong, nor should anyone. For me Batman worked, I loved the torment he showed, he was being the hero he thought he should be yet was utterly conflicted with the hero he wishes he was; Harvey Dent (who also happens to be with his one true love, Rachel). Bruce wished he could be strong enough to let Rachel go because he knows she’s happy but still is willing to risk it all and chose between her and Batman. Bruce wants, and has always wanted Batman to be a symbol for hope and justice and when he sees that the all he is inspiring is second rate vigilante’s who could get themselves killed he has to change, and grow. Something I love to see in a character and something I think is displayed strongly in The Dark Knight. I also think that the height of this evolution comes when Harvey- the man he though was the true ‘White Knight of Gotham’, someone who inspired the right sort of hope and justice- finally turns evil and threatens to kill Gordon’s family. Batman makes a choice and takes credit for Two-Faces death, thus triggering the Dent Act and actively ending the career of Batman in order to usher in an era of criminals locked away. For me, personally (which is the foundation of an opinion, you’re as deserving of yours as I am of mine) this is why I love Batman/Bruce Wayne in The Dark Knight. I’m not trying to prove anything, film is art and art is subjective and for me and, respectfully, for a lot people this film is considered one of the greatest of all time.

          I do agree though that he isn’t the strongest element of this film, The Joker, Gordon, Dent, there’s a lot to contend with, but for me he didn’t suck and for me it just makes me hold those other key characters/actors in a higher regard thus still making The Dark Knight one of the greatest.

          • ghost race Killa

            I really don’t have too many complaints about the story it’s really more so the week betrayal of Batman how he supposed to be a master detective but wasn’t doing much detecting how he supposed to be a master of all martial arts and he acted like a drunken brewtein Brit brawler being defeated by mere dogs guard dogs come on

          • Tommy Terry-Green

            Oh I see. Well to be fair, the dogs were supposed to beat him so he could go to Lucious Fox and request a new suit where he could turn his head. It was written in there to drive that forward and it gave us a few fun quips with Alfred so it didn’t bother me too much. I get the detective thing though, that’s something that has always been a big issue of mine with every cinematic Batman but I also think The Dark Knight (which isn’t even my favourite Batman film) handled it quite well with the bullet recreation scene where he got the fingerprint off of scattered bullet shards. That scene always felt like something out of the good ol’ detective comics to me. But I suppose there wasn’t too much marital arts to be seen, but again it just wasn’t that much of a detriment for me.

          • ghost race Killa

            It’ll be different if the movie was called Gotham or if it was starring The Joker. Batman was the main character and he dropped the ball the hardest so I will call that a fail

          • Tommy Terry-Green

            What if… it was called The Dark Knight in reference to the turn of Gotham’s White Knight, Harvey Dent into The Dark Knight. I mean obviously The Dark Knight is well known name for Batman outside of the comics but he is never called this in the film and it certainly makes for a nice parallel. Plus there’s lots of films where the main character isn’t the titular character and those films are just as good regardless.

            Interesting stuff though. I love it when film and characters can make us this passionate about something that they can completely polarise us and make us think so differently.

          • ghost race Killa

            Come on now it was called The Dark Knight we all know who the Dark Knight is Batman it wasn’t called Gotham Knights

          • Tommy Terry-Green

            I know dude, I was joking. I was just saying that just because his name is in the title doesn’t have to make him the main character. I love that we got just as much screen time with our villains as our hero, it absolutely fascinated me to get that involved with an antagonists psyche. In fact one of peoples biggest complains with Marvel films is that the villains aren’t always that well received and Kevin Feige has said it’s because he wants to spend as much time with the heroes as possible which is absolutely fine but with Batman it has always been just as much about the rogues as his because he has such a strong gallery.

      • ghost race Killa

        People get wrapped up in the magic that Heath Ledger put on a screen

  • Vegas82

    If Warcraft actually needs $500M to break even, as reported, it may end up falling short. China is really carrying it though.

    • Tommy Terry-Green

      China is really changing things up. Maybe the Warcraft sequel will be in Chinese and have English subtitles. But seriously I think this could make for a major change in the way these films are marketed.

  • Carl

    Warcraft should have done better. I think American audiences haven’t opened up to video game movies yet. It’s far better than the RT score would imply. Not sure what the reviewers were thinking on this one. China was right to go out and see it. It’s worth a look.