The first weekend of 2023 is in the books and as expected the behemoth known as Avatar: Water Road It continued its absolute dominance with another $45 million added to its edge to bring the James Cameron destined sequel to $516.7 million domestically. While the number is impressive in the States, the real magic happens outside the domestic box office as the sequel, according to Cameron himself, The break-even point has been reachedtotaling over $1.5 billion, and now has to make the next films in the franchise.
I have to be honest, there's something I still don't understand about all this "tie-even" stuff: the movie had a reported budget of about $450 million, so all these "tie-tie" reports are based on that, so take Cameron said he shot the bulk of the third film and parts of the fourth film at the same time. So, wouldn't the break-even point for Part 2 be much lower? Does that mean that Avatar 3 The break-even point would be much lower given that they only have to offset post-production costs? Maybe one of our smarter readers can help shed some light on this in the comments section because everything I've read on this topic has confused me even more! (Yes, I know you all are reading this idea of me as a Mensa level genius, but unfortunately I am just an ordinary level genius!)
The big news this weekend is the huge success of the newly released horror movie M3GAN which opened with a solid $30.2 million (Over $10 million above my original expectation). What's even more impressive is that on Friday, it officially became the first movie to knock Avatar: Water Road From its position at the top of the box office when it collected $ 11.7 million to Gods $11.4 million. Of course there is an asterisk next to that number since $11.7 includes $3 million M3GAN Presented at preview screenings that began at 5 p.m. Thursday. Of course this is just a division in the official books (I don't know if there are official books, but for the sake of argument we'll say there is) M3GAN It is the first film to win Avatar: Water Road At the box office (if only for one day!)
This opening is another feather in the cap for not only James Wan who has turned himself into one of the biggest names in horror, but Jason Blum and Blumhouse Productions who continue to make films on relatively small budgets (in this case, $12 million) and turn huge profits. If you make a measure that a movie generally spends half of its extra movie budget on marketing, that puts everything in the budget on M3GAN About $20 million. Throw in any back-end deals or extra compensation paid to any of the participants and you'll have this $30.2 million opening weekend movies already making money. Blumhouse is known to trust filmmakers and allow them to make the movies they want to make without interference I believe the proof is in the pudding as they say and the success Jason Blum and his production company have seen over the years should be blue print for other studios to stop meddling with filmmakers And let them make the movies you hired them to make!
Getting third place this weekend is the only option available to the family: Puss in Boots: Last Wish With an estimated opening weekend of $13.1 million and a domestic total of $87.7 million. That's not an awful number for this animated sequel, but it's still about $20 million shy of where the original was after its third weekend of release. The movie should hold the family market for a while because the closest family movie on the calendar is the new one Winnie the Pooh The movie comes out on February 15th... wait, that's not right, I don't think so Winnie the Pooh: Blood and Honey It targets the family market however Super Mario Bros game. Movies It is, which isn't released until April 7, 2023. Of course with Universal holding onto their theatrical shorts in digital windows (in this case only 19 days since they hit theaters), Puss in Boots: Last Wish It's now available to rent or buy on your TV and the movie can end up costing some bucks at the box office (I guess they make up for it with digital purchases? But I know I'd be upset if I spent over $100 to bring a family of five To the theater if I can wait less than three weeks and save over $70!)
The new movie starring Tom Hanks comes in a solid fourth A man called Otto With $4.2 million on just 637 screens. The film, which garnered good, if not overwhelmingly positive, reviews (Including a 5/10 from Chris Bombray) seems to have won over the fans who give it a 97% audience share (for comparison, the current box office champ Avatar: Water Road It got 92% of the audience M3GAN has 79%). Like I said in my original prediction, people will watch Tom Hanks in just about anything, he's one of the few actors working today that has the benefit of the doubt when it comes to his films (although I'm honest his recent live-action work Pinocchio Test me a bit!)
The rest of the top ten seems to be your retention titles incl Black Panther: Wakanda Forever In fifth place with 3.3 million dollars followed Whitney Houston: I want to dance with someone With 2.4 million dollars. Coming in seventh place is Darren Aronofsky Whale With another $1.5 million added to tillage, which is already up 9% from last week. Clearly, people are definitely looking for Brendan Fraser's performance for an Oscar (which is good enough to win an Oscar in my humblest opinion). The eighth place belongs to Damien Chazelle's story of Hollywood debauchery in the 1920s, Babylon, with an additional $1.4 million added to the box office total of just $13.5 million. Even though the movie is one of the biggest flops in recent memory, I have to say it's well worth a watch. Despite its long running time (3 hours, 9 minutes), there are moments of sheer genius on display. Perhaps it will find its audience once it hits home video.
It comes in ninth place violent night With an additional $740,000. I find this impressive considering the Christmas season is long in our rearview mirrors, but some people still head to the theaters to see Santa kick a little! And finally, the 10th spot belongs to a movie I rewatched the other night which made it my favorite movie of 2022: food menu With an additional $713,000. I can't say much about this movie without giving away what makes it so great, but it's one of the most original films I've ever seen with absolutely perfect performances from the entire cast (including Golden Globe-nominated performances by Anya Taylor-Joy and Ralph Fiennes. This is one I really wish the SAG Awards would nominate for Best Cast because it would 100% get my vote)
Are you out in theaters this weekend? If so, what did you see and was it any good? Let us know in the comments and don't forget to check out our weekly where-to-question poll What's your favorite Blumhouse production?
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