Box Office: ‘Magnificent Seven’ at #1 takes in $35-M

Box Office: ‘Magnificent Seven’ at #1 takes in $35-M

Box Office: ‘Magnificent Seven’ at #1 takes in $35-M

$AMZN, $CMCSA, $DIS, $LGF, $SNE, $TWX

Animated family offering ‘Storks’ places # 2 with a $21.8-M debut, ‘Queen of Katwe debuts at the specialty box office.

Antoine Fuqua’s remake of The Magnificent Seven opened to $35-M from 3,674 theaters, placing # 1 in North America.

Magnificent Seven benefited from a cast led by Denzel Washington, solid reviews and an a A-CinemaScore from audiences. Pre-release tracking had suggested the movie might hit $40-M.

From Sony (NYSE:SNE) and MGM, Magnificent Seven is a remake of the  Y 1960 movie, a remake Japanese film maker Akira Kurosawa’s Seven Samurai.

Warner Bros.’, a unit of Time Warner (NYSE:TWX), animated family film Storks, came in # 2 with $21.8-M from 3,922 theaters. Like Magnificent Seven, underperforming industry tracking.

Overseas, Storks opened to $18.3-M from 33 markets for a worldwide bow of $40.1-M.

Storks, produced for roughly $70-M by Warner Animation Group, was directed by Nicholas Stoller and Doug Sweetland. It earned an A-CinemaScore.

Warners also claimed the # 3 spot with Clint Eastwood’s box-office hit Sully, the adult drama starring Tom Hanks. The movie declined just 36% in its 3rd frame to $13.8-M for a domestic box office take through Sunday of $92.4-M. Plus a foreign total of $35.4-M and worldwide take of $126.9-<.

Universal, a unit of Comcast (NYSE:CMCSA) and Working Title’s Bridget Jones’s Baby placed #4 in its 2nd weekend, declining 47% to $4.5% for a soft 10-day North American take of $16.5-M. Overseas, where it took in another $21.9-M for a 10-day foreign total of $67.1-M and global box office of $83.6-M.

 Open Road Films and Oliver Stone’s Edward Snowden biopic Snowden declined 48% to $4.1-M for a domestic total of $15-M. Blair Witch fell 59% to $3.9-M in its 2nd frame for a domestic total of $16.1-M for Lionsgate (NYSE:LGF).

New offerings at the specialty box office included Disney’s (NYSE:DIS) Queen of Katwe  directed by Mira Nair and starring Madina Nalwanga as real-life Ugandan chess player Phiona Mutesi. David Oyelowo and Lupita Nyong’o star.

Disney partnered with ESPN on the film, which hopes to be an awards contender. Katwe earned an estimated $305,000 for a location average of $5,865. The drama skewed female (54%), while nearly 30% of ticket buyers were over the age of 50.

Amazon Studios (NASDAQ:AMZN) and Broad Green’s The Dressmaker, an adult drama starring Kate Winslet, Judy Davis and Liam Hemsworth opened in 33 theaters in North America, including several in Canada, grossing $180,522 for a box office average of $5,015.

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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