Box Office: Finding Dory Finishes at #1, Independence Day #2

Box Office: Finding Dory Finishes at #1, Independence Day #2

Box Office: Finding Dory Finishes at #1, Independence Day #2

$FOX, $DIS, $SNE, $AMZN, $CMCSA

Independence Day: Resurgence failed to thrill at  the North American box office, coming in behind expectations with an estimated $41.6-M from 4,068 theaters. But, it debuting to $102.1-M from 57 foreign markets, including China, for a global tally of $143.7 for Fox (NASDAQ:FOX).

The film earned a B CinemaScore.

Independence Day: Resurgence skewed heavily male at 58%, helping to explain the soft result, while 64% of ticketbuyers were over the age of 25.

Holdover Finding Dory continued to wow in its 2nd frame, taking an estimated $73.2-M from 4,305 theaters for a 1st-place finish. Finding Dory will boast the biggest 2nd weekend domestically for an animated film, beating 2004’s Shrek 2 at $72.2-M. Final numbers will be revealed Monday.

Sony’s (NYSE:SNE) shark thriller The Shallows was the only new film to beat expectations, taking an estimated $16.7-M from 2,962 theaters for a 4th-place finish behind Central Intelligence, which declined just 48% in its 2nd frame to $18.4% for a 10-day domestic box office total of $69.3-M for New Line and Universal.

Central Intelligence took in $4.7-M overseas for an early foreign take of $14.3% and worldwide box office of $83.6-M.

The Shallows, starring Blake Lively as a surfer in a fight-to-the-death battle with a Great White Shark, cost a modest $17-M to make and is a needed boost for Sony. Shallows skewed slightly younger, with 53% of the audience under the age of 25, while females made up 54% of the audience.

Audiences gave it a B+ rating.

STX Entertainment’s Civil War drama Free State of Jones opened to a grim $7.8-M from 2,815 locations, Matthew McConaughey’s worst showing in years. Free State of Jones is being hurt by poor reviews, but audiences liked it giving it an A-.

 

Nicolas Winding Refn’s The Neon Demon, a twisted take on the modeling industry, was DOA at the box office, opening to an estimated $606,594 from 783 locations. The movie’s theater average is $783.

Neon Demon, which had its world premiere at Cannes, stars Elle Fanning as an aspiring model who moves to Los Angeles and encounters unearthly creatures in the form of more established models. Amazon Studios (NASDAQ:AMZN) and theatrical partner Broad Green Pictures were bold to open the film nationwide in Summer Vs a platform run.

At the specialty box office

A24’s Swiss Army Man, starring Daniel Radcliffe, Paul Dano, Daniel Kwan and Daniel Scheinert boasted the best location average of Summer so far for a specialty film after grossing $114,000 from 3 locations in New York and Los Angeles for an average of $38,000.

Elsewhere

Legendary and Universal’s a unit of Comcast,(NASDAQ:CMCSA) Warcraft crossed the $400-M mark, finishing Sunday with $412.2-M. The big-budget film needs to earn $450-M to break even.

Have some fun, see a movie this week.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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