Box Office Results - 'Power Rangers', 'Life' and 'CHiPs'
This has been a really healthy month at the box office. It's not often that you have a potential blockbuster open every week for four weeks and have all of them be successful, but that's what's happened in March this year. First we had Logan which has had most of its business take place during march, then we had Kong: Skull Island which impressed with a higher-than-expected opening of $61 million, next we had the big one; Beauty and the Beast, which was an absolute monster at the box office, raking in an astonishing $174 million in it's opening weekend. Finally we have Power Rangers, which I thought was going to be the first one to get the short end of the stick, but it managed to exceed expectations as well. If it wasn't already obvious, March really is the new kick-off for the Summer movie season. Life and Chips also opened, and did about how I was expecting, which is to say that they were both box office disappointments.
Power Rangers (Lionsgate)
Prediction: $32 million
Actual: $40 million
I missed this one pretty significantly, but you know what, I'm glad it did well and I've heard that it's actually a pretty good, if cheesy time as the movies. I really didn't think this movie had a shot after the enormous opening of Beauty and the Beast, but it counter-programmed effectively and managed to make a solid $40 million in it's opening weekend against a reasonable budget of $100 million. Still, it's going to have to hold up reasonably well to hit budget, and that might be a bit of a problem with Ghost in the Shell targeting pretty much the same audience next weekend. All in all, I see Power Rangers hoofing it to around $90 million, but it also has pretty great potential to break out big overseas.
Prediction: $12 million
Actual: $12.5 million
I was pretty much right on the money with this one. It's too bad too, because the film isn't that bad and it's a nice little homage to Alien. I knew that this film was going to struggle simply based on the competition and how it's trailers gave too much away and made it look way too derivative to Alien. The film brought in a paltry $12.5 million against a budget of $58 million. The movie had decent reviews so it might be able to tick past $30 million by the end of its run, but don't expect it to fly much higher than that. Life will also be relying on the foreign box office to pull it through.
Predicted: $9 million
Actual: $7.7 million
Chips was another win for me, I predicted that it would disappoint with $9 million this weekend, and it made even lower than that. The comedy brought in only $7.7 million. Thankfully the production only cost around $20 million, so it's not that big of a bullet for WB to bite. Look for Chips to make around $20 million domestically by the time it's out of theaters.
The Top 10:
1. Beauty and the Beast - $90.4 million (-48.3%) $319 million
2. Power Rangers - $40.4 million (NEW) $40.4 million
3. Kong: Skull Island - $14.7 million (-47.3%) $133.8 million
4. Life - $12.5 million (NEW) $12.5 million
5. Logan - $10.3 million (-42%) $201.6 million
6. Get Out - $8.9 million (-34.1%) $147.7 million
7. CHiPs - $7.7 million (NEW) $7.7 million
8. The Shack - $3.9 million (-35.7%) $49.1 million
9. The Lego Batman Movie - $2.1 million (-54.3%) $171 million
10. The Belko Experiment - $1.9 million (-54.6%) $7.6 million