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Weekend Wrap-Up

Memorial Day Weekend Tanks at the Box Office.... Again

By John Hamann

May 28, 2017

Is there anyone who hasn't been wronged by Jack Sparrow?

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Alien: Covenant gets brutalized in its second frame, with the weekend-to-weekend percentage drop bringing memories of a chest-hugger ready to find the free air again. This version of Alien earned $10.5 million in its second weekend and declined a truly nasty 71%. That's painful for a film that cost $97 million to make, has a domestic gross to date of $57.3 million, and an overseas total of $86 million. The Fox release, which got off to a great start last weekend, is suddenly flailing.

Everything, Everything, last weekend's opener about sad times for teens falls to fifth after an $11.7 million opening last weekend. The small WB release earned only $6.2 million in its second time around, as it dropped 47%. The key here is that the teen weeper cost only $10 million to make, and it will likely make money for the studio in the long run.

Diary of a Wimpy Kid: The Long Run is sixth, and it appears to be flailing. It earned $4.4 million over three days and declined 38%. This one cost $22 million to make, and is locked in as the loser of the franchise, as the last one earned a surprising $49 million, a number the fourth film will never see.

The Amy Schumer/Goldie Hawn comedy Snatched continued its sharp descent out of relativity this weekend. Snatched opened to a low $19.5 million, fell 60% in weekend two, and in its third frame falls another 50% to $3.9 million. Snatched has earned $40.2 million stateside, and has another $8 million overseas, but will nowhere near enough to recoup its $42 million production budget.




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King Arthur: Legend of the Sword is eighth, and is also being shown the door quickly. The Guy Ritchie bomb earned $3.2 million, adding to its $33.9 million total. Overseas, it has picked up $85 million, but even with global earnings of over $100 million, it won't come close to recouping its $175 million budget.

The Boss Baby is still hanging around after nine weeks after it debuted. The DreamWorks Animation release picked up $1.7 million this weekend, falling 40% and bringing its cume up to $169 million.The overseas take has crossed the $300 million mark – good thing it did, considering its $125 million production budget.

Beauty and the Beast is tenth, and earned only $1.5 million, but it crossed a huge milestone in the process. The Disney release cracked the $500 million domestic mark this weekend, becoming only the eighth film to reach that mark. It will likely remain the eighth biggest domestic grosser of all-time behind Rogue One's $532.2 million and The Dark Knight's $534.9 million. The overseas total has crossed $730 million, giving it a global total of $1.22 billion and tenth place on the worldwide chart.

The Fate of the Furious finishes outside of the top ten, but also hits a big global mark this weekend. It crossed the billion dollar mark overseas, adding to its $222 million domestic total. It sits behind Beauty and the Beast in 11th on the all time global hits list of all time.

Overall this weekend, the top 12 films earned $134.1 million over the three-day portion of Memorial Day weekend, which is pretty rough compared to last year's $158.8 million, when X-Men Apocalypse floundered. Next weekend brings what should be a good summer player in Wonder Woman, and an underdog in Captain Underpants: The First Exciting Movie.


Top Ten for Weekend of May 26-28, 2017
Rank
Film
Distributor
Estimated Gross (millions)
Weekly Change
Running Total (millions)
1 Pirates of the Caribbean: Dead Men Tell No Tales Walt Disney Co. 62.2 New 62.2
2 Guardians of the Galaxy Vol. 2 Walt Disney Co. 19.9 -43% 333.2
3 Baywatch Paramount 18.1 New 22.7
4 Alien: Covenant 20th Century Fox 10.5 -71% 57.3
5 Everything, Everything Warner Bros. 6.2 -47% 21.5
6 Diary of a Wimpy Kid: The Long Haul 20th Century Fox 4.4 -38% 13.6
7 Snatched 20th Century Fox 3.9 -50% 40.2
8 King Arthur: Legend of the Sword Warner Bros. 3.2 -55% 33.9
9 The Boss Baby 20th Century Fox 1.7 -40% 169.9
10 Beauty and the Beast Walt Disney Co. 1.6 -39% 500.6
11 The Fate of the Furious Universal 1.5 -55% 222.5
12 How to Be a Latin Lover Pantalion 1.0 -51% 30.9

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