Labor Day Box Office: ‘Light Between Oceans”Hands of Stone’, ‘Morgan’ DOA

Labor Day Box Office: ‘Light Between Oceans”Hands of Stone’, ‘Morgan’ DOA

Labor Day Box Office: ‘Light Between Oceans”Hands of Stone’, ‘Morgan’ DOA

$SNE, $DIS, $VIA, $TWX, $LGF

In North America, Summer 2016 domestic revenue ends in unchanged from last year’s $4.48-B, thought attendance is down 3%.

The victor of the weekend overseas was Paramount’s Star Trek Beyond. The sci-fi franchise installment topped the foreign chart with $37-M from 40 markets, led by China with a strong $31.3-M debut and 107% ahead of Star Trek Into Darkness. Paramount has high hopes for Star Trek Beyond. Globally, the franchise installment has now earned $286.2-M.

Sony’s (NYSE:SNE) horror entry Don’t Breathe closed Summer 2016 earning $19.6-M from 3,051 theaters over the long Labor Day Weekend.

 

Don’t Breathe is the latest example of how good horror is dooing. The movie has earned  $55-M in its first 10 days after costing Screen Gems and Stage 6 Films under $10-M to make. Overseas, the film has grossed $5.3-M from its first 15 markets for a global box office take of $65.6-M.

Labor Day revenue was up more than 7%, thanks to Don’t Breathe and other holdovers, including STX Entertainment’s Bad Moms, which passed the $100-M mark on Saturday to become the top R-rated Comedy of the year to date in North America.

The adult drama The Light Between Oceans struggled, while sci-fi thriller Morgan was DOA, is among one of the worst wide openings ever, and the Robert De Niro and Edgar Ramirez boxing film Hands of Stone, which expanded into 2,011 theaters over the weekend, got pummeled.

Light Between the Oceans earned $4.9-M for the 4-day holiday from 1,500 theaters putting it in a close race for #8 or 9 spot with CBS Films and Lionsgate’s (NYSE:LGF) Hell or High Water, which has become the top-grossing platform release Summer 2016 with a domestic total of roughly $16-M through Monday. The final order will be learned Tuesday.

 

Morgan a sci-fi horror thriller targeting younger consumers, earned $2.4-M from 2,011 theaters for the 5 days, putting it at # 18. The Fox (NASDAQ:FOX) film, which received a C+ CinemaScore, cost just $6-M to produce.

The Barack Hussein Obama Michelle Robinson date movie Southside With You followed at #19 in its 2nd frame, grossing $1.6-M from 897 theaters for a domestic box office of about $5-M.

The Weinstein Co.’s boxing drama Hands of Stone upped its theater count from 800 to 2,011 in its 2nd frame, but got KO’d. The movie earned $1.6-M for the 4 days for a domestic take of $4-M.

 

Warner Bros.’ Suicide Squad was a strong holdover, claiming the # 2 spot over the Labor Day holiday as it crossed the $300-M mark domestically in its 5th weekend. The film grossed $12.8-M for the 4 days for a domestic total of $300.2-M through Monday. Overseas, the movie earned another $11.8-M from 65 territories as it winds down for a foreign take of $375.5-M and global box office tally of $675.7-M.

In North America, Disney’s (NYSE:DIS) family film Pete’s Dragon is tied for # 3 with Focus Features and Laika’s Kubo and the Two Strings. Pete’s Dragon, which has now earned $94.3-M globally, is reporting a 4-day domestic gross of $8.58-M. Kubo, which has grossed $36.4-M domestically and $5.4-M overseas, is reporting a 4-day gross of $8.53-M.

Sony and Annapurna’s Sausage Party rounded out the Top 5 with $6.5-M for the 4-day holiday, putting its domestic take of $89.8-M and global total at $103.8-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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