The Post and The Commuter Excel While Jumanji Stays on Top – Weekly Box Office Report
In another crowded weekend at movie theaters all over the country, three new releases (The Commuter, Paddington 2, and Proud Mary) had to handle a bunch of films that have become crowd favorites over the last few weeks. To add to the variety even more, Oscar hopefuls like The Post continue to expand into more territories, leaving the cream to rise to the top in terms of movie quality and appeal.
Here are the weekend estimates:
#5: The Greatest Showman – $11.8 Million
Crowds continue to love The Greatest Showman as it has had impeccable staying power over the past few weeks. The musical had by far the lowest week-to-week drop of any film in the top 10, falling only 14.3%. The film has a few things going for it. 1) there’s no direct competition for The Greatest Showman, allowing it to prosper without another movie eating into its profits. And 2) the film has amazing word of mouth as people rush out to see it multiple times.
Already earning $195 million on an $84 million budget, The Greatest Showman is closing in on being profitable from box office receipts alone. However, it is worth noting that the film’s songs are becoming very popular, meaning that soundtrack sales are also prospering.
It took forever for Hugh Jackman to get the project off the ground, but it appears that the wait was well worth it from a monetary standpoint.
*To read my full review of The Greatest Showman, please click here.
#4: Insidious: The Last Key – $12.14 Million
Insidious: The Last Key dropped quite a bit from last week (as was expected), falling 59% in its second weekend. Horror films tend to drop more than other genres since they’re typically less rewatchable and don’t have as much broad appeal.
But, The Last Key is already profitable (in fact, it was profitable after its first weekend). In typical Blumhouse fashion, the production budget for the film is only $10 million, making the film’s $94 million gross thus far more than enough to put some cash in the pockets of owner Jason Blum and the rest of the employees at Blumhouse Productions.
*To read my full review of Insidious: The Last Key, please click here.
#3: The Commuter – $13.45 Million
The Commuter beat industry expectations to come away with a solid opening weekend. The film that takes place primarily in a commuter train for its entire run time had a modest budget of $30 million, making it pretty easy for The Commuter to earn its money back if word of mouth on the film is solid. Lionsgate is also smart with how it distributes its films, keeping costs down by rolling the film out in less than 3,000 theaters.
Monday is Martin Luther King day in the United States, and most people will be off of work. Expect The Commuter to get a little bump in business as people spend their day off at a local movie theater.
*To read my full review of The Commuter, please click here.
#2: The Post – $18.6 Million
Steven Spielbergs’s The Post is one of the few Oscar films to have a release that exceeds 2,500 theaters, and it is already one of the higher earning Oscar hopefuls. However, it still has some work left to do.
The film has a $50 million budget, which certainly went to paying Spielberg and the film’s star-studded cast that included Meryl Streep, Tom Hanks, Bob Odenkirk, Sarah Paulson, and Bradley Whitford among many others. As of now, The Post has grossed $23 million, meaning that it’ll have to do great business in the coming weeks to turn a profit.
Luckily, The Post most likely does not abide by the x2.5 multiplier rule as it is operating as an awards film, getting free publicity from positive reviews from critics while keeping marketing costs to a minimum. It’s very likely that the film receives some acclaim from the Academy which should extend its theatrical run a few more weeks that it would have stayed in theaters otherwise. We’ll have to wait a few weeks before claiming The Post as a hit or a bust.
*To read my full review of The Post, please click here.
#1: Jumanji: Welcome to the Jungle – $27.04 Million
Jumanji has turned into a bonafide juggernaut at the box office. Combined with a solid $40 million opening in China this week, the action-comedy pushed its worldwide gross to $667 million, jumping above Justice League as the 12th highest grossing film of 2017. At the end of next week, the movie should pass It for the 11th spot.
Weirdly enough, Jumanji: Welcome to the Jungle won’t open in Japan until April, so it might be worth watching how it performs until then.
*To read my full review of Jumanji: Welcome to the Jungle, please click here.
-Here are the rest of the films that finished in the top 10:
#6: Star Wars: The Last Jedi – $11.28 Million
#7: Paddington 2 – $10.62 Million
#8: Proud Mary – $10 Million
#9: Pitch Perfect 3 – $5.66 Million
#10: Darkest Hour – $4.53 Million
-With its earnings this past weekend, Star Wars: The Last Jedi has become the highest worldwide grossing film of 2017, passing Beauty and the Beast with a $1.26 billion total.
-Upon its expansion into 56 more theaters, Paul Thomas Anderson’s Phantom Thread earned $1.15 million, becoming the weekend’s top per-screen earner with $18,468 for each screen.
-Look out for 12 Strong, Den of Thieves, and Phantom Thread as they release wide this coming weekend. Also, keep an eye on Hostiles, which curiously expands wide after a subpar limited run.
Thanks for reading! What are your thoughts on The Post, The Commuter, and other films in the box office report? Comment down below!
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*Statistics via Box Office Mojo