Box Office: ‘Despicable Me 3’ #1 With $75-M, ‘Baby Driver’ Takes $30-M on the Road

Box Office: ‘Despicable Me 3’ #1 With $75-M, ‘Baby Driver’ Takes $30-M on the Road

Box Office: ‘Despicable Me 3’ #1 With $75-M, ‘Baby Driver’ Takes $30-M on the Road

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

Popcorn entry, ‘Despicable Me 3’ came in behind expectations, as ‘Baby Driver’ banked $30-M on its launch, Will Ferrell’s ‘The House’ is one of the worst openings of the fading comedian’s career.

Despicable Me 3 from Universal, a unit of Comcast (NASDAQ:CMCSA) earned $95.6-M from 52 markets for a #1 finish and foreign total of $116.9-M. The global box office take is $192.3-M so far.

According to comScore, Summer box office revenue is currently down by nearly 8% YTD.

In a major win for Sony’s (NYSE:SNE) film studio, Edgar Wright’s Baby Driver rode to a 5-day debut of $30-M from 3,226 theaters after opening Wednesday wearing custom made Ferrari driving gloves.

The critically acclaimed heist thriller stars Ansel Elgort, Lily James, Jon Hamm, Kevin Spacey and Jamie Foxx. Sony puts the budget of the film at $34-M after rebates. Baby Driver drew both young and old; 40% of ticket buyers were under the age of 25.

This year’s big 4th of July DOA offering is New Line and Village Roadshow’s The House, starring Will Ferrell and Amy Poehler. The R-rated comedy debuted 6th with $9-M from 3,134 theaters, perhaps the worst openings of the fading comedian’s career.

Warners’, a unit of Time Warner (NYSE:TWX), Wonder Woman flew past the $700-M mark at the global box office in its 5th weekend.

Wonder Woman placed #4 behind Transformers: The Last Knight, which fell 62% in its 2nd frame to $17-M for a creaky domestic total of $102.1-M.

The Last Knight is earning better internationally, where it grossed another $68-M from 44 markets over the weekend for a foreign total of $327.8-M and a worldwide box office of $429.9-M

Pirates of the Caribbean: Dead Men Tell No Tales is the same boat. The Disney (NYSE:DIS)  tentpole has sailed past the $700-M mark worldwide thanks a foreign take of $543.2 Vs a franchise-low $165.5-M domestically.

Disney and Pixar’s Cars 3 rounded out the Top 5 in North America, falling 60% in its 3rd frame to $9.5-M for a total $120.7-M. The 3-quel has earned $53.1-M offshore for a global box office of $173.8-M.

Several prestige players continued to make gains.

Focus Features’ The Beguiled from director Sofia Coppola moved into the Top 10 at #8, earning $3.3-M as it expanded into a total of 674 theaters in its 2nd frame.

Michael Showalter’s The Big Sick, placed #12, took in $1.7 -M from 72 theaters in its 2nd weekend for a screen average of $23,550 and a domestic total of $2.2-M for Amazon Studios (NASDAQ:AMZN), and Lionsgate (NYSE:LGF).

Have some fun, see a movie this holiday 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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