Box Office: ‘Kong: Skull Island’ Takes $61-M for #1 at the Weekend

Box Office: ‘Kong: Skull Island’ Takes $61-M for #1 at the Weekend

Box Office: ‘Kong: Skull Island’ Takes $61-M for #1 at the Weekend

$TWX, $CMCSA, $LGF, $CBS

Overseas, the reboot debuts to $81.6-M for a global take of $142.6-M, ‘Logan’ falls to # 2 as it pasted $150-M in the US and $430-M worldwide.

Warner Bros. and Legendary’s Kong: Skull Island debuted bigger than expected in its North American box-office, scaling $61-M from 3,846 theaters to Top Wolverine 3quel Logan.

Kong: Skull Island hopes to restore the world’s most famous Ape to glory and build a new film franchise, with a Kong v. Godzilla installment already in the works.

The movie, costing at least $185-M to make before a major marketing spend, will likely need to earn $500-M globally to land in the “Green”.

Overseas, Kong: Skull Island opened to $81.6-M from 65 markets sans China, where it hits theaters 24 March, for a global bow of $142.6-M. It came in # 1 almost everywhere.

Kong: Skull Island is the 1st Hollywood studio movie featuring the iconic Ape since Peter Jackson’s Y 2005 King Kong.

The new pic garnered strong reviews for a 78% fresh rating on Rotten Tomatoes; audiences were less keen, awarding it a B+ CinemaScore.

Falling to # 2, Logan grossed an estimated $37.9-M for a decline of 57%, a good showing for a fanboy-driven title. The R-rated movie, which cost just under $100-M to produce, has earned nearly $152.7-M domestically and $285-M overseas for $437.7-M global box office..

Logan’s weekend foreign take of $70-M was not far behind Kong.

Get Out continued to scare up strong business for Universal and Blumhouse Productions domestically, placing # 3 with an impressive $21-M in its 3rd weekend and crossing the $100-M mark for a total $111.1-M through Sunday. The horror film cost under $5-M to make.

Lionsgate’s faith-based title The Shack, landed at #4 in its 2nd weekend, dipping 38% to $10.1-M for a domestic total of $32.3-M

Warners’ The Lego Batman Movie rounded out the Top 5 with $7.8-M in its 5th weekend for $159-M domestically and $275.5-M take at the worldwide box office.

Among new offerings at the specialty box office

IFC’s Personal Shopper, directed by French filmmaker Olivier Assayas and starring Kristen Stewart, debuted to $92,516 from 4 theaters in New York and Los Angeles for a screen average of $23,129, the best of the weekend for any title.

Ritesh Batra’s The Sense of an Ending, starring Charlotte Rampling and Jim Broadbent, also debuted in 4 cinemas in New York and Los Angeles, earning $42,000 for a theater average of $10,500 for CBS Films.

The latest documentary to take on the Church of Scientology did not fare well.

My Scientology Movie, from BBC journalist Louis Theroux, took in $10,568 at ArcLight Hollywood, which is not far from the church’s Hollywood Outpost and Celebrity Center for a disappointing average of $5,284.

Among other prestige titles, A24’s Moonlight fell to $1-M from 987 locations after scoring the Top number of its run at $2.3-M, a week ago from 1,564 theaters on the heels of its best picture Oscar win.. To date, Moonlight’s theatrical box office stands at $27-M.

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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