Box Office: ‘Beauty and the Beast’ at $88-M; ‘Power Rangers’ at $40.5-M
$DIS, $SNE, $TWX, $LGF
‘Beauty’ seeing $700-M worldwide as March revenue crosses a record $1-B in North America; elsewhere, Sony’s (NYSE:SNE) space horror-thriller ‘Life’ loses gravity and Warner Bros.’ ‘CHIPS’ DOA.
Beauty and the Beast, Disney’s (NYSE:DIS) live-action remake of the classic Y 1991 animated film, continued to make history in its 2nd frame, declining 49% to an estimated $88-M from 4,210 locations. Its North American box office take of $317-M is the 4th-biggest 10-day total ever.
Overseas, B&B lstayed atop the chart, grossing $119.2-M for a foreign take of $373.3-M and $690.3-M globally.
Lionsgate (NYSE:LGF) and Saban’s Power Rangers, an adaptation of the kids TV show produced by Haim Saban that began airing in the early 1990’s.
The movie, rated PG-13, grossed $40.5-M from 3,693 North American theaters. Power Rangers broke ground by being the 1st big-budget studio film to feature a Superhero who questions whether or not they are gay.
Thanks to March releases Beauty, Logan and Kong: Skull Island, and now Power Rangers, box office revenue for the month has crossed $1-B for the 1st time ever at the domestic box office, eclipsing last year’s record-setting March haul of $948.8-M.
Power Rangers cost $100-M to make.
Facing fierce competition abroad from Beauty and other titles, the pic opened to just $18.7-M internationally from 62 markets for a global bow of $59.2-M. Rangers hopes to do strong business in Japan, the franchise is based on a Japanese TV show, where it opens in July.
Warner Bros.’ CHIPS, an R-rated take on the buddy-cop TV series about 2 California Highway Patrol officers that debuted in the late 1970’s. The film opened to just $7.6-M from 2,464 theaters for a 7th-place finish. Overseas, it took just $1.9-M from 31 territories.
CHIPS earned a B- CinemaScore, and cost $25-M to produce.
Sony/Skydance’s Life opened with an estimated $12.6-M from 3,146 locations, a major disappointment earning a C+ CinemaScore from moviegoers. Skydance financed a majority of the $58-M budget.
Life placed #4 in North America behind Beauty, Power Rangers and holdover Kong: Skull Island.
Legendary and Warners’ Kong: Skull Island roared to $93-M overseas, thanks to a China debut of $72.1-M. The big-budget movie has now grossed $392.1-M at the world wide box office.
Have some fun, see a movie this week