Holdovers Happy as Ted Misses Expectations
By John Hamann
June 28, 2015
Jurassic World also claimed the record for fastest film to reach $500 million, reaching that mark in just 17 days. That’s six days faster than the Avengers, and 28 days faster than The Dark Knight. The only question now is where it fits in with the big three – Avatar at $760.5 million, Titanic at $658.7 million and Marvel’s Avengers, which finished at the domestic box office with $623.4 million. At this point, I believe it finishes very close to Marvel’s Avengers, and could beat it by a few million – but that is still a long way off.
The other great news story at the box office this weekend is the second weekend performance of Inside Out. The Pixar/Disney release wowed last weekend with a $90.4 million open, and the question was whether it could keep the momentum going and hold in weekend two after such a big debut? The answer, as it is with most Pixar releases, is a resounding yes, as like last weekend, it finished ahead of Jurassic World on Friday. Over the remainder of the weekend, Inside Out earned a powerful $52.1 million, dropping only 42%. I say "only," because films that gross $90 million plus in their opening weekends have a tendency to fall more than 50% in weekend two. Inside Out followed the Pixar standard, as Monsters University fell 45% in its second frame, Toy Story 3 fell 46%, and Despicable Me 2 fell 47%. Inside Out has the playing field to itself until July 10th when Minions opens. It has a gross to date of $184.9 million. At this point, there’s every reason to think that Inside Out will either meet or exceed the domestic gross of Up, which earned $293 million stateside.
Third goes to Ted 2, Seth MacFarlane’s follow up to the foul talking bear movie from 2012, which earned over a half-billion worldwide and $219 million in North America. Unfortunately, between the release of Ted and Ted 2 came a MacFarlane disaster called A Million Ways to Die in the West, the critical and financial bomb released last year. It flopped, barely meeting its $40 million production budget with domestic gross. That performance seems to have taken the shine of MacFarlane and may have resulted in some of the heat coming off of Ted 2. The original opened to $54.4 million, so, if behaved like The Hangover or 21 Jump Street sequels, the opening should go up, right? Not this time.
Ted 2 got started on Thursday with $2.5 million from Thursday previews starting at 8 p.m. Given the start time of the previews and the amount earned, this was neither exciting nor an indicator of its future. The Thursday/Friday combined amount of $13.2 million was certainly telling, as it failed to match that of the big holdovers and was immediately destined for a third place finish. The weekend total reached a subdued $32.9 million, more than 30% less than the original. Ted 2 cost a hefty $85 million to make, so it is going to need $250 million worldwide for Universal to see a profit. With this debut, Ted 2 is certainly going to tap out before $100 million domestic. One has to wonder if there will be enough gas in the tank to get it to a profit.