Box Office Report :: March 3 – 5

20th Century Fox/Marvel

The weekend after the Oscars didn’t do much for the winning films, although eventual Best Picture winner did get a 979 screen boost (after arriving on home video Tuesday) to see it’s fortunes increase to the tune of $2.3 million, bumping it up from Number 18 to Number 13, giving it a domestic total of $25.1 million after 20 weeks in release. Could this be one of the lowest grossing Best Picture winners of all time?

Unfortunately for everyone else, the box office was dominated by what is supposed to be the final outing for Hugh Jackman as his Wolverine character in Logan, which is also Patrick Stewart’s swan song as X-Men leader Charles Xavier. The R-rated action film surpassed studio estimates to end the weekend with $88.4 million, the fourth biggest opening for an R-rated movie (the film also opened on a record 4,071 screens, the most ever for an R movie) with an impressive $21,717 per screen average. About $10 million of the weekend gross came from IMAX screenings, the second highest tally behind Deadpool, a feat duplicated almost exactly in foreign markets. Internationally, Logan raked in $152 million with $46 million of that coming from China. It was Fox’s third biggest international opening of all time. All told, Logan‘s global total in its first weekend stands at $247.4 million, a total that would make any studio itchy for a sequel. But with Jackman out of the franchise, will his absence impact any future X-Men films?

There were three other newcomers to the charts this weekend. The inspirational drama The Shack managed a third place finish with $16.1 million on 2,888 screens. The YA Groundhog Day drama Before I Fall opened at Number 6 with $4.7 million on 2,346 screens. Way down at Number 17 was the comedy-drama Table 19 which earned $1.5 million on 868 screens.

Last week’s Number 1, Get Out, was going to have a hard time hanging on to that spot this weekend, but even with Logan tearing up the charts, it still dropped only 15%, moving to Number 2 with an impressive $28.2 million for a two week total of $78 million … against a $4.5 million budget. That’s quite a handsome profit for Universal. At the other end of the spectrum, Universal is bleeding money thanks to The Great Wall which took another 60% tumble, dropping four spots to Number 8 in its third week. The $150 million special effects extravaganza has earned just $41.3 million domestically. However, it is performing quite well overseas (just as domestic bomb Warcraft did before it) with $278.8 million in the bank. The global total stands at $320.1 million so things may not be as bad as they seem on the homefront.

The former Oscar contenders didn’t get much of a boost, not even with Katherine Johnson’s heart-tugging appearance at the ceremony. Hidden Figures came up empty at the Oscars but managed to hold on to seventh place this weekend with $3.8 million, down 34% from last week. The $25 million film has earned $158.7 million domestically. La La Land brought home six Oscars including Best Picture … no, wait, five Oscars not including Best Picture, and the debacle did nothing to boost its fortunes this week, dropping two spots to Number 10 with nearly $3 million. The domestic total for the $30 million film is now at $145.6 million. The success of these film, as well as Get Out, should prove to Hollywood that you don’t have to spend $100 million+ to make a movie that will earn money! All the effects in the world can’t salvage a bad script.

With Logan doing record business in its first week, we can expect to see a 50-60% drop off in the second week, especially with Kong: Skull Island opening. Will Kong take down The Wolverine, or will those adamantium claws allow him to hold on to first place? Only time will tell.

Below are the Top Ten grosses for the weekend of March 3.

1. [N] Logan – $88,411,916 [NEW] – ★★★

2. [1] Get Out – $28,236,285 [$78,079,925] – ★★★

3. [N] The Shack – $7,792,655 [NEW]

4. [2] The LEGO Batman Movie – $11,702,364 [$148,684,165] – ★★★

5. [3] John Wick: Chapter Two – $4,804,238 [$82,945,210] – ★★★

6. [N] Before I Fall – $4,690,214 [NEW]

7. [7] Hidden Figures – $3,826,330 [$158,766,769] – ★★✩

8. [4] The Great Wall – $3,627,020 [$41,388,325] – ★★✩

9. [5] Fifty Shades Darker – $3,558,020 [$109,985,335]

10. [8] La La Land – $2,986,489 [$145,695,851] – ★★★

[#] Last week’s position. [N] New in theaters.   HOTCHKA review  |  Source: Box Office Mojo

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