20th Century Fox’s Deadpool is bigger than anyone thought possible. Yes, it has scored the top opening for a February release with $135M over FSS and $150M-$153M over FSSM, beating Fifty Shades of Grey‘s first weekend figures last year. But, Deadpool also flogged Matrix Reloaded‘s $91.8M opening record to become the highest R-rated debut of all-time, not to mention it’s the biggest opening Fox executives have ever seen, surpassing Star Wars: Episode III: Revenge of the Sith (FSS $108.4M).
How did Deadpool set the box office on fire? Fox conservatively projected the weekend for this R-rated supehero movie in the $60M-$65M range last week. Rival distribution chiefs had the Marvel anti-hero film as high as $80M. But even they were off.
As we saw with the surprise then-all-time record opening of Jurassic World last June, when it comes to record openings and tracking, the statistical sampling is small, making it hard for industry chiefs to predict. There was a little bit of that going on with Deadpool.
An R-rated supehero movie in the dead of winter blowing the top off the B.O. is highly unusual. That’s why projections were so low on Deadpool. The last R-rated comic book properties to play the first quarter of the year were Warner Bros. Watchmen ($55.2M opening) in 2009 and 300 ($70.9M) in 2007. Given Deadpool‘s strong tracking, if the film was rated PG-13, that would have prompted estimates to be in the $125M-$150M range.
“An R-rated superhero film like this had never been done before. And when it’s never been done before, it’s hard to comp and predict. You’re doing something that’s never been done. It’s like you throw the rulebook out the window,” said Fox domestic distribution chief Chris Aronson on Deadpool’s tracking.
“That R gave everyone pause for concern,” said one rival distribution insider this morning, “Then throw in Valentine’s Day on Sunday and a holiday Monday and it is really hard to predict. We all knew it would be great but calling a performance this strong is just not possible.”
Even though Deadpool carried a low production cost for a comic book film of $58M, it was definitely a gamble. Remember Lionsgate’s critically acclaimed 2010 film Kick Ass? That comic book property, which also was an anarchistic send-up of the superhero genre, was predicted to be a surprise spring hit opening to $30M at the time, but it fell on its face during its first weekend with $19.8M and a final domestic of $48M. Why did that ultra violent comic book film fizzle and Deadpool overpower? Essentially as a Marvel brand, Deadpool is more popular with a significant groundswell coming from a popular Activision video game and a strong presence on social media. Not to mention, audiences are responding to Ryan Reynolds’ transcending turn as Deadpool (47% cited the actor as the main reason why they bought tickets this weekend). Forty-one percent of all moviegoers told ComScore’s PostTrak that they were planning to see this movie well before they left for the theater this weekend. Fandango reported that Deadpool was their highest February advance ticket seller.
While the assumption is that rival distribution executives always like to snark on the competition, this morning they were in complete awe at Fox’s success. One marketing executive applauded Fox’s unconventional marketing campaign and its ability to pull a good portion of women to Deadpool. Another suit got to the heart of the matter as to why Deadpool is truly resonating: “The film has a self-deprecating tone that’s riotous. It’s never been done before. It’s poking fun at Marvel. That label takes itself so seriously, can you imagine them making fun of themselves in a movie? They’d rather stab themselves.” (X-Men and Deadpool film rights were sold to Fox years ago; thus falling outside the Disney Marvel empire).
In sum, the anti-superhero movie, complete with nudity and bawdy jokes, drew an A CinemaScore and a 97% excellent/very good PostTrak score. The latter polling org also stated that 52% of all moviegoers felt that Deadpool met their expectations while another 45% said it exceeded them. Amazing.
“In a way it’s similar to The Revenant: We’ve taken a seemingly familiar genre and turned it upside down in an incredibly creative way that audiences really responded to,” said Aronson about Deadpool‘s success.
After posting the biggest opening day in February with $47.5M, Deadpool also scored the second biggest day ever for the month with an estimated $42.6M. Typically fanboy films are frontloaded, seeing drops of at least a third in their second day. Deadpool dipped -10%. PLF screens at 465 repped 13% of Deadpool‘s FSS or $17.6M. That’s the biggest R-rated opening for the PLF format, knocking out its previous $8.7M high from American Sniper. Imax is tabulating a February and R-rated record of $16.8M over FSS and $19M over FSSM. Deadpool is also the second best opening ever for the first installment of a superhero property behind Disney/Marvel’s The Avengers ($207.4M).