Box Office Results: 'Kong: Skull Island'
My winning streak was put to an end this past weekend all because that big monkey brought in a little bit more money than I was expecting. Nevertheless I still came close to I'm not too beaten up about it. Here are this past weekends box office results:
Kong: Skull Island (WB)
Actual: $61 million
I'm honestly happy to be wrong about this one. I was rooting for Kong: Skull Island and for this whole "Monster-verse", which makes a lot of sense and actually has a good reason for being a connected universe of films. While I wasn't blown away by the film, I though it was a fine take on the character and a decent lead-up to Kong Vs. Godzilla. As for its box office performance, it brought in a healthy $61 million (more than my already high-end prediction of $52 million), and I say healthy because it didn't drop off steeply on Saturday or Sunday, which means people are enjoying what they're seeing and word-of-mouth is working in the film's favor.
Kong: Skull Island has one thing working against it, though: its massive budget of $185 million. Now if this film has a 3X multiplier which is entirely possible given the good reception, that will result in a kick-butt total of $183 million that should cover enough ground for the overseas market to push the film into profitability. This really will come to overseas numbers in the end, and I think that while it will be close, Warner Bros. won't be scribbling red ink in their books for this one. I think Kong: Skull Island will at least have enough juice in the tank to make it to $150 million domestically, but don't be to surprised if it muscles its way passed that mark.
The Top Ten:
1. Kong: Skull Island - $61 million (NEW) $61 million
2. Logan - $38.1 million (-56.9%) $152.9 million
3. Get Out - $20.7 million (-26.5%) $110.7 million
4. The Shack - $10 million (-38%) $32.2 million
5. The Lego Batman Movie - $7.6 million (-34.9%) $158.8 million
6. Before I Fall - $3 million (-36%) $8.9 million
7. Hidden Figures - $2.8 million (-27.8%) $162.7 million
8. John Wick: Chapter 2 - $2.7 million (-44.4%) $87.4 million
9. La La Land - $1.8 million (-40.6%) $148.5 million
10. Fifty Shades Darker - $1.7 million (-53.6%) $112.9 million
Well that does it for this past weekend's results! Check back in soon for this coming weekend's predictions for the live-action remake of Beauty and the Beast, T2: Trainspotting and The Belko Experiment.
Source: Box Office Mojo