Monday Morning Hangover Report – June 27th, 2016

by Tim Barley

20th Century Fox requires bloody mary infusions. Stat!

 

Cocktails and Movies Monday Morning Hangover Report Independence Day Resurgence

Oh, the hangovers that have to be happening at Fox this morning. Independence Day Resurgence, which I really enjoyed for the popcorn fare it was, came in way under expectations this weekend, failing to take the top spot from Finding Dory. It’s $41 million was only 1/4 of its budget, and don’t look for that dollar amount to rise. This is the second straight “fail” from the studio as X-Men Apocalypse failed to measure up as well. It might be a dark summer for the studio on Pico Blvd. But, that’s great for a hangover…

The bright spot was The Shallows, which did well in a sea of huge blockbusters at the theaters before the July 4th weekend. The Blake Lively thriller made it’s budget and should go on to be a money maker for Sony.

Overall, we did a good job predicting the top five films and minus a few dollar figures, we were pretty proud of ourselves over the weekend.

So, grab a bloody mary, let’s see what happened this weekend and which studios might want to add an aspirin or two into the mix as we look at the Monday Morning Hangover Report.

Once again, the following estimates are from Box Office Mojo, and are fresh as of Sunday afternoon. Be aware that these numbers could change when the actuals finally come out later this week (blue are new movies this last weekend):

  1. Finding Dory – $73,234,000
  2. Independence Day Resurgence – $$41,600,000
  3. Central Intelligence – $18,370,000
  4. The Shallows – $16,700,000
  5. Free State of Jones – $7,772,000
  6. The Conjuring 2 – $7,705,000
  7. Now You See Me 2 – $5,650,000
  8. X-Men: Apocalypse – $2,475,000
  9. Teenage Mutant Ninja Turtles 2 – $2,400,000
  10. Alice: Through The Looking Glass – $2,147,000

— C&M —

Apparently, everyone is still looking for Dory. This film looks like it will be the next $300 million picture this year and a candidate for Animated Film come next February. We’ve discussed IDR, which finds itself in a conundrum, as the movie sets itself up for a big budget sequel. Will the studio authorize such an expense based on the box office? Time will tell.

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