Post Election Domestic Box Office Spikes by 50%

Post Election Domestic Box Office Spikes by 50%

Post Election Domestic Box Office Spikes by 50%

$DIS, $DWA, $FOX, $VIA, $CMCSA, $LGF, $SNE

From Doctor Strange to Trolls to SyFy thriller Arrival, movies playing at the North American box office saw a boost at the weekend as moviegoers flocked to the theaters following the conclusion of the Y 2016 US Presidential election and Donald Trump’s victory.

Arrival, starring Amy Adams and Jeremy Renner, opened with $24-M, while holiday comedy Almost Christmas debuted nicely with $15.7-M. Arrival came in ahead of predictions at $16-M.

Doctor Strange and Trolls both did better then forecast, as did a number of other holdovers.

Overall, domestic box-office revenue was up 50% over the same weekend last year.

Marvel and Disney’s (NYSE:DIS) Doctor Strange easily stayed at # 1 in its 2nd outing, falling 49% to $44-M. That’s the lowest 2nd-weekend decline among the last 10 Marvel Cinematic Universal titles, and the 3rd-lowest among all MCU movies behind Iron Man and Thor.

Through Sunday, Doctor Strange‘s domestic box office total stands at $153-M for a global take of $493-M after  topping the weekend charts overseas with another $60.2-M.

Disney has just marked  its best year ever at the domestic box office with $2.3-M, adding to its record year overseas and worldwide.

Trolls, from DreamWorks Animation (NASDAQ:DWA), and Fox (NASDAQ:FOX) placed # 2 with $35.1 million for a 10-day domestic total of $94-M after declining just 25%, one of the lowest 2nd-weekend decliners for an animated film. Overseas, the pic took in another $18.3-M from 68 markets for a foreign total of $128.3-M and global box office take of $222.3-M.

Arrival initial performance is a needed win for Paramount, a unit of Viacom (NASDAQ:VIA). It skewed slightly female (52%) and older, with 85% of ticket buyers over the age of 25.

 

Arrival began its life as an indy film before Paramount pre-bought North American rights to the adult drama for a record-breaking $20-M in Y 2014. It was produced and financed by FilmNation, Lava Bear and 21 Laps with a script by Eric Heisserer, based on Story of Your Life by author Ted Chiang. The film cost about $47-M to produce.

Almost Christmas from Universal, a unit of Comcast Corp (NASDAQ:CMCSA) and producer Will Packer’s ensemble comedy targets African-American audiences, as a patriarch of a large family that comes together for the holidays and deals with complicated family dynamics.

Rounding out the Top 5 was director Mel Gibson’s World War II drama, Hacksaw Ridge, which declined 29% to $10.8-M for a 10-day domestic box office total of $32.3-M for Lionsgate (NYSE:LGF) and its partners.

EuropaCorp’s Shut In came in ahead of early projections with an estimated $3.7-M domestic debut. The thriller stars Naomi Watts, Oliver Platt and Jacob Tremblay.

At the specialty box office

Ang Lee’s Billy Lynn’s Long Halftime Walk debuted in 2 theaters in New York and Los Angeles, grossing $120,300 for a theater average of $60,150. While that’s the best location average of the weekend, it did not come close to breaking any records. Next weekend, Mr. Lee’s drama will expand into a total of 800-plus theaters, which will project the film in digital, Vs the groundbreaking technology Lee used.

Billy Lynn is making waves in China where it launched to a stellar $11.7-M this weekend, toppling Doctor Strange to take the Top Spot at the box office.

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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