The first weekend of 2018 contained one major new release in Insidious: The Last Key. However, it appears that the big winner of the weekend was Jumanji: Welcome to the Jungle, a holdover from previous weeks that continues to impress.
Let’s take a closer look at the weekend estimates:
#5: Pitch Perfect 3 – $10.23 Million
Despite getting a critical drubbing upon its release, Pitch Perfect 3 is still performing well, already earning back its production budget (and then some). The film is doing well with its core audience, dropping at a much slower rate than anticipated in its week-to-week drop percentage.
On a $45 million budget, Pitch Perfect 3 has earned over $85 million in the United States with another $55 million from international markets. However, it is worth mentioning that the film is performing far worse than Pitch Perfect 2 which went on to earn a shade under $300 million globally. Expect Pitch Perfect 3 to get closer to but not reach the $200 million mark in the coming weeks. Even if that might be viewed as a minor disappointment by Universal Studios, the film is easily still a moneymaker for the studio.
*To read my full review of Pitch Perfect 3, please click here.
#4: The Greatest Showman – $13.8 Million
The Greatest Showman has seen a very mixed response from critics, but audiences appear to adore the film, propelling it to high audiences scores on Rotten Tomatoes and CinemaScore. These scores help to explain the film’s minor week-to-week drops after a sluggish opening. As a matter of fact, the musical only dropped 11.1% at the box office this week, helping it get closer to becoming profitable for Fox.
On an $84 million budget, Henry Jackman’s passion project has grossed a shade over $150 million worldwide, meaning that it still has a little bit of work to do to breakeven. However, word is spreading among audiences that The Greatest Showman is a must-see. It’s sweet charm is pulling in audiences for repeat viewings. Expect another small drop next weekend from The Greatest Showman. The film was featured in the comedy/musical category at the Golden Globes last night which should provide as some extra exposure to put it over the top and into the black.
*To read my full review of The Greatest Showman, please click here.
#3: Star Wars: The Last Jedi – $23.55 Million
The Last Jedi added another decent chunk of change to its total, but the film might be showing signs of some fatigue for the franchise overall. There’s certainly no replicating the circumstances that made The Force Awakens gross over $2 billion, but the Last Jedi has fallen way behind that mark, earning $1.2 billion with limited regions left for serious growth.
We’re still talking billions of dollars here, so the film will still make a massive profit and make a lot of people happy at Disney. However, the film suffered another large drop of 55.2%, pointing towards less than stellar word of mouth. The Star Wars franchise has also noticed decreasing returns in China, with The Last Jedi earning the lowest opening in the country of all three Disney-led Star Wars films.
There’s no question that fans are in an uproar about Star Wars for a multitude of reasons. Fatigue and frustration might start to set in soon, causing box office receipts to dwindle in the near future. With Solo: A Star Wars Story incurring major production issues, we may be seeing the beginning of a downfall for Star Wars.
*To read my full review of Star Wars: The Last Jedi, please click here.
#2: Insidious: The Last Key – $29.27 Million
Insidious: The Last Key is the worst reviewed film in the franchise, but that didn’t stop the film from turning a profit in its first weekend. On a $10 million budget, the film has already made a profit, depending on marketing costs. Combined with $20 million in overseas returns, the film has almost made five times that $10 million figure.
However, the film probably won’t have the longest legs at the box office. The Last Key scored a “B-” on CinemaScore, signaling lukewarm reactions to the film by audiences. Horror films also tend to have larger drops from week to week regardless of the quality of the film, meaning that The Last Key should wrap up its domestic run fairly quick.
*To read my full review of Insidious: The Last Key, please click here.
#1: Jumanji: Welcome to the Jungle – $36 Million
Jumanji started off its theatrical release nicely with $185 million from the domestic box office in its pocket before the calendar switched to 2018. With another weekend under its belt, the action-comedy has surpassed the lofty $500 million threshold, becoming a serious hit with fans.
To add to the good news for Sony, Jumanji is now the 9th highest grossing film in the United States for all of 2017. By the end of next week, it’ll move up to the 8th slot and move ahead of Despicable Me 3.
Jumanji has coasted off its likable cast and fun premise, providing a lot of fun for audiences of all ages. Moreover, we haven’t had a solid comedy in quite some time, leaving patrons hungry for some great entertainment in that respect. The film is perfect example of a movie hitting at just the right time, and it’ll probably make over $600 million worldwide as a result.
*To read my full review of Jumaji: Welcome to the Jungle, please click here.
-Here’s the rest of the top 10 from this past weekend:
#6: Ferdinand – $7.73 Million
#7: Molly’s Game – $7 Million
#8: Darkest Hour – $6.36 Million
#9: Coco – $5.54 Million
#10: All the Money in the World – $3.55 Million
–The Post took advantage of its modest expansion into 27 more theaters, earning the top spot among every film for its per-screen average, accumulating about $47,222 per screen. The film expands into wide release this coming weekend.
-After moving into 193 more theaters this week, I, Tonya saw its week-to-week change increase by 297.4%, the largest of any movie.
-Look out for The Commuter, Paddington 2, and Proud Mary this coming weekend as they open wide around the United States.
Thanks for reading! What are your thoughts on Jumanji and the rest of the box office report? Comment down below!
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Statistics via Box Office Mojo