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Wednesday
01Jul2009

Fearless Forecast - Repeat of 'The Fallen'

The final five-day numbers for Transformers: Revenge of the Fallen were just a tad lower than the estimates, which is to say, this thing was an absolute monster in its debut. Can it hold? That's been a popular question posed by some of the regular readers here at The Big Picture, and I think for this weekend, it certainly can.

I will never understand the way the studios work the summer: May has too many potential blockbusters (six in five weeks this year), June has too few (two, Transformers and The Hangover, but only one was expected to be in that category), and then summer's over on the 15th of July or thereabouts. Why is June so dead? You'll hear it's because people go on vacations or something but don't people go on vacations on the Fourth of July? And Memorial Day? And if they do, and movies are still big business in spite of it, why don't they also release blockbusters on Labor Day? The answers to those questions remain a mystery.

The point is, as it relates to Transformers, that it doesn't have the strongest competition this week or next week, so it will do very well over the course of 21 days. Had it kicked off the summer, it might not do the kind of business it will now. Then again, Universal has a Johnny Depp-Christian Bale gangster movie out this weekend, and that beats a stick in the eye, and Fox has Ice Age: Dawn of the Dinosaurs, so why am I discounting those?

To begin with, Public Enemies isn't a tremendous movie, and it would need to be, even with Depp. It's a period piece, and those aren't slam dunks, and there's a bit of a Bale backlash at the moment. There's also a fallacy that Johnny Depp sells movie tickets. Captain Jack Sparrow does, Depp on his own can be a different matter altogether. That's why only two movies without Pirates in the title have managed to gross more than $60 million in his career. Transformers wasn't damaged by bad reviews because it wasn't going to be, but so far this summer, the other weak links have shown up lacking on opening weekend. I don't think this one is critic proof.

Ice Age, unlike its predecessors, is a summer movie. Up is on the way down, so the timing is right for the second featured animated movie of the season, but whether or not it can put up nearly $70 million like the first sequel did is up for debate. If it does that kind of business, it will win the box office, but that sounds really high to me given the circumstances. Anything north of $60 million is in Kung Fu Panda and Wall-E territory, both of which were better reviewed and better advertised.

Obviously, no films currently in theaters will give Transformers a run for its money. Public Enemies was never going to, and I still can't understand why anyone at the studio thought this was a great flick for the Fourth of July. Ice Age has a chance, but Transformers would need a pretty steep slide to lose the top spot this week.

The Top Five:
1 - Transformers ($57 million)
2 - Ice Age ($55 million)
3 - Public Enemies ($26 million)
4 - The Hangover ($10 million)
5 - The Proposal ($7 million)

Reader Comments (6)

Maybe no one wanted to go up against robots or boy wizards? Remember what happened to flicks that opened a week or two before The Dark Knight? Near obliteration when the Bat landed. Perhaps with that in mind, the studios would rather get their films out as early as possible and soak up as much cash as they can before becoming an afterthought.

The release dates could have been more deliberately planned to give a strong lead into June but then it's about making money not keeping things lively and exciting. Had films like Wolverine, Terminator and Angels & Demons performed more impressively there would have been some carry over into June. That they didn't more or less left June to stand on its own with Transformers to shore up the back end. It then bridges the gap well enough into July in time to hand off the reigns to Potter which will hold it own into August.

August doesn't really look to have any particular blockbuster material but I could be wrong. Then the summer's pretty much a wash as September rolls in. Makes for a very short summer indeed.

Wednesday, July 1, 2009 | Unregistered CommenterAsana

I thought you had Public Enemies very high on your top grossing films of the year list? Why the back step?

Wednesday, July 1, 2009 | Unregistered CommenterRick

TRANSFORMERS 2 vs. TERMINATOR SALVATION

A piece comparing the two movies. Might be surprised by the winner of this one. Also, there's a poll where you can vote. Currently, TERMINATOR SALVATION appears to be ahead by a hair.

blogs.amctv.com/future-of-classic/2009/06/transformers-revenge- of-the-fallen-or-terminator-salvation.php

The world just can't get enough of angry robots, can it? As Michael Bay's sequel to his 2007 hit hits theaters, what better movie to pit it against than this summer's other killer-robot movie, Terminator Salvation? So which of these scifi blockbusters pitches the bigger tent pole?

Wednesday, July 1, 2009 | Unregistered CommenterJohn Conner

No, I didn't have Public Enemies among my top grossing films, but I thought it looked like one of the best. Here's what I said about its box office potential back in April:

"Even with Johhny Depp and Christian Bale, it just feels like the timing is wrong for this one. I don't have any doubt that it will do well, but it's not going to stand in the way of Transformers or Harry Potter. It's more counterprogramming than blockbuster. "

Of course, I was dead wrong about Terminator, Wolverine, and Angels & Demons...

Wednesday, July 1, 2009 | Registered CommenterColin Boyd

I just re-read your 2009 Summer Box Office Preview. Interesting stuff. You mentioned something along the lines of June needing a surprising $200 mil movie before studios would start releasing potential blockbusters during that frame. Do you think The Hangover would apply? It certainly looks like it'll hit $200 mil in the next couple of weeks. June seems like such a wasteland this year. It hasn't always been that way has it?

Thursday, July 2, 2009 | Unregistered CommenterJeremy

In the current structure where studios hope for repeat performances on specific weekends (like Warner Bros. capturing the July 15th release dates for the next three years because Dark Knight did well and Marvel coveting the first weekend of May), yes, June is a forgotten month. Outside of Transformers, which is kind of playing the July 4th role, the big movie was supposed to Land of the Lost. But even then, I think the best case scenario was probably $140, $150 million.

The Hangover may change that perspective a little bit, but because it wasn't a by-product of massive marketing, I'm not sure if the studios know what made it a hit. We do (it was one of the most entertaining movies all year) but it's not like Hollywood has ever listened to the cries of "Just make better movies" before.

You can tell by their release patterns that the studios honestly believe the weekend makes the difference. The Dark Knight was enormous so Warner Bros. uprooted Potter to open it the same weekend. Next year, it'll be Nolan's Inception. Then Potter again. In 2012, I'm sure they're hoping to get another Batman movie there. They've all had good luck in May with something or other, so each studio is bound and determined to crowd the first month of summer. Could Wolverine have made $170 million if it had come out the last week of April instead of seven days later? Of course.

Could Star Trek have been over $300 million by now if it opened on June 5th and didn't have to sacrifice two weeks of audience to movies like Angels & Demons, Transformers, and Up? It wouldn't be any worse off, that's for sure.

Thursday, July 2, 2009 | Registered CommenterColin Boyd

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