Box Office: ‘Beauty and the Beast’ at $88-M; ‘Power Rangers’ at $40.5-M

Box Office: ‘Beauty and the Beast’ at $88-M; ‘Power Rangers’ at $40.5-M

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

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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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