The hope is that Warner Bros. and DC Films’ Birds of Prey has the domestic legs of a LEGO sequel and the overseas oomph of a Fifty Shades sequel.
Birds of Prey (and the Fantabulous Emancipation of One Harley Quinn) earned
$2.2 million on Monday to bring its four-day domestic total to $35.21 million. T
hat title change that you’ve seen at AMC and elsewhere is not an official title change. While it’s possible that Margot Robbie vehicle will get retitled “Harley Quinn: Birds of Prey” when it comes to Blu-ray, DVD and VOD, for now it’s just an SEO-friendly change for vendors and theaters. Yes, that’s probably the title Warner Bros. and DC Films should have gone with initially, but c’est la vie. That
72% drop from Sunday to Monday is right between the three LEGO movies and the two Fifty Shades sequels on this same weekend.
John Wick: Chapter 2 earned $2.6 million (-67% from an $8 million Sunday) after a $30.4 million opening weekend. The LEGO Batman Movie dropped a harsh 82% from Sunday after a $53 million launch. That makes sense as it was a kids flick, and the kids were back in school. Ditto The LEGO Movie 2 (-85.8% on Monday after a $34 million launch) and The LEGO Movie (-83% on Monday after a $69 million debut) on this same weekend in 2019 and 2014.
Fifty Shades Freed dropped 62% on Sunday on this weekend in 2018 after a $38 million debut, while Fifty Shades Darker dropped 58% on its first Monday after opening with $46.6 million over its opening weekend.
In terms of expectations,
Birds of Prey was expected to open better than, for example,
Dark Phoenix and (because several folks asked me about this)
Ford v Ferrari. While I hailed the $31 million launch of James Mangold’s $97 million-budgeted
Ford v Ferrari as a likely win, that judgment was predicated on an A+ Cinemascore, a likely seat at the awards season table and the (correct) presumption that it would leg out to nearly four times its opening weekend. It ironically didn’t take off overseas, and its $222 million global cume isn’t quite what Fox and Disney wanted. Moreover, in this franchise-driven world, a $31 million launch for the Matt Damon/Christian Bale flick (and eventual Best Picture nominee) was considered a near-miracle.
Birds of Prey came in well below Warner Bros.’ cautious $45 million projections and the $50-$55 million guestimated by the tracking services. To the extent that the tracking was wrong, it’s just one of many, many instances over the last year where tracking painted far too rosy of a picture compared to what actually occurred. It’s not quite as blown of a call as
Solo, which went on the tracking boards at a $170 million Fri-Mon Memorial Day debut in 2018 but ended up with $103 million for the holiday, but it still stings. Tracking estimates should never be treated as ironclad predictions, but the popularity of recent DC Films flicks and the strong pre-release reviews certainly offered cause for optimism.
I would argue that many of the “too high” pre-release guestimates are a result of the services (or the number crunchers) not necessarily taking into account the whole “Netflix Curve.” There is a huge swath of general moviegoers who, even five or six years ago, viewed theatrical moviegoing as a casual/impulsive entertainment option but now only go to theaters when there is something they specifically want to see in theaters. They otherwise either wait for streaming/VOD or just ignore the movie altogether while they binge something on Disney+, Netflix or Hulu. We’ll see if
Sonic the Hedgehog delivers on the pre-release over/under $45 million Fri-Mon guestimates. If not, it may be less about the movie and more about the tracking.
Birds of Prey’s ultimate fate will be decided this coming weekend. If it holds akin to a LEGO sequel/spin-off (-39% for the weekend), then that’s good. It drops closer to a Fifty Shades sequel (-55%), that’s bad. If it drops like John Wick: Chapter 2 (-46%), well, that’s something of a draw. Broadly speaking, Warner Bros. is hoping that it has the domestic legs of a LEGO movie and the overseas oomph of a Fifty Shades sequel. And if its global cume really ends up closer to a Conjuring movie (around $320 million) than Dark Phoenix, Terminator: Dark Fate and Men In Black: International (around $260 million), then the DC flick will be a mild hit and a minor disappointment.