Solid Weekend BO- 25 Mil

[Movies205]

www.boxofficemojo.com

It's made 25 mil for the weekend, neither disappointing nor amazing, a solid weekend considering some people were predicting 13-20 mil. Also if it's true what BOM reports that it has only a 34 million dollar budget, I'd say that it's a hit. Right now we got hope it has good legs but Meet the Robinsons might blow it out of the water.

 

[Paste Pot Pete]

Sounds good to me. Like I said in the other thread, five other relatively high profile movies (Shooter, Hills Have Eyes, Pride, Reign over Me and Last Mimzy) all opened too.

While none of these did too well, Shooter, Hills Have Eyes (and 300 still) I'm sure took little chunks out of TMNT's 20-something nostalgia crowd (not me, it was Turtles without question). Last Mimzy too probably took a little piece of the kiddie demo.

So all that considered, I think it was a good weekend. Turtle Power!

Heck, it gets props for taking down 300.

 

[Aztec]

If the word of mouth is good and the true fans go to repeat viewings it could put up a strong second week too. That will be the key IMHO.

 

[ninjaspyder13]

Sunday revenues don't count? I guess since it's a work/school night and all... anyways -- great news.

 

[DarbyD53]

"It's sequel time, dudes," said Harvey Weinstein, co-chairman of the Weinstein Co., which is distributing "TMNT" overseas. "We knew from the inception of this project that that the `TMNT' characters would continue to resonate with audiences across the world."

 

[RskimB]

Meet the Robinson's is what we really gotta worry about now b/c that movie has the same target audience as TMNT. I hope the rest of America thinks that movie looks as corny as I do
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[Road Warrior]

Meet the Robinsons has had A LOT of tv spots on the Disney Channel, so kids may be tricked into watching it.

 

[Dread]

MEET THE ROBINSONS will probably crush TMNT next week, but at least it scored a good $25 million to be #1 at debut. That is about what the first Turtle film scored in 1990, although that was an indie (carried by New Line Cinema) and with inflation, $25 million was a bit more. Still, this is a healthy sign. I'm skeptical about it scoring $100 million overall, but assuming it makes half of what it scored in week 1 in week 2, it will have broken even and then the rest will be pure profit. Not counting international coffers. It cost $34 million to make and I would be surprised if domestic grosses didn't at least net 50% profit by the end of it's run (which would be a total of $46 million). A 100% profit at $68 million is also doable. I mean FREDDY VS. JASON made about that much.

 

[LostSon88]

http://movies.yahoo.com/mv/news/ap/20070325/117485040000.html

They pretty much said there WILL be a sequel...that's all that matters. t:

 

[Catman]

That is about what the first Turtle film scored in 1990

25 mil in 1990 is like saying 45-50 mil today. In fact, the 1990 version was the 5th highest grossing film of that year!
http://boxofficemojo.com/yearly/chart/?yr=1990&p=.htm

 

[Dread]

The original Ninja Turtle film was also the highest grossing "indie" film of all time, netting about $135 million. Both sequals did far worse, though. 1990 was also the apex of the Turtles' fame, IMO.

A sequal will be good so long as they develop what was introduced here with Karai & the Foot.

 

[DarbyD53]

Doesnt the studio only get like 55% of all box office money? I think thats what BoxOfficeMojo.com says. so if it did $100 domestic, that would be 55 million to the studio, and they'd have a profit of 21 million. I say it will end up with maybe 60-70 million domestic, so what is 55% of 70 million? Like...hold on a sceond went to Tennessee school....38 million so thats only 4 million profit but still a profit..plus I dont know how international works and dvd sales and ect. So we should be good to go.

 

[Catman]

The original Ninja Turtle film was also the highest grossing "indie" film of all time

Yeah, till Big Fat Greek Wedding kicked its ass!

 

[JBRO13]

Nowadays, a studio makes the real money on DVD sales. Plus, with a franchise like this, ancillary things like toys and merchandise are what seal the deal.

Here's a little secret: the movie's budget was made back before the first box office returns were posted.

They will easily make $35 million on DVD sales. EASILY. Mid-level R-rated movies (Jay and Silent Bob Strike Back, for instance) pull in over $30 mil. on DVDs and TMNT will be huge among the child market this summer/fall, guaranteed.

A sequel was a done deal before this weekend's figures were even projected; Weinstein and Imagi just didn't want to say so because it could further affect the film's critical reception.

 

[I SEE SPIDEY]

The movie did as it was expected to do, it nearly made back what it cost to make in it's opening weekend. I was wrong about 300 and Ghostrider but I'll still say that I seriously doubt this will reach 100mil or even 90mil. It's weekend multiplier wasn't great.

 

[ninjaspyder13]

25 mil in 1990 is like saying 45-50 mil today. In fact, the 1990 version was the 5th highest grossing film of that year!
http://boxofficemojo.com/yearly/chart/?yr=1990&p=.htm

Actually, it's closer to 39 million, but still. TMNT 1990 opened more strongly than TMNT 2007. Oh well. It's a different world. I'm still happy to see the turtles back!t:

 

[GL's Light]

The actual from BOM:

$ 24,255,205.

The range for its final domestic gross should be $ 60 million on the low end and $ 75 million on the high end. I don't think $ 100 million is a realistic target. But because of the low budget its threshold for profitability will be easily surpassed, as will the level it needs to hit to guarantee a sequel.

These days if a franchise film grosses at least 2.5X its production budget in worldwide box office a sequel is a slam dunk to happen (a sequel can still happen at lower levels, but it becomes less certain). I think TMNT will gross somewhere between $ 110 million and $ 135 million wordwide, which means that it should gross somewhere between 3.2X and 4X its production budget. It's no wonder they're already talking up a sequel.

 

[Catman]

I don't think $ 100 million is a realistic target.

I guess. This weekend we have Meet The Robinsons and Blades of Glory. Then, next weekend we have Grindhouse. But no one expected a #1 weekend so lets see what happens.

 

[GL's Light]

I guess. This weekend we have Meet The Robinsons and Blades of Glory. Then, next weekend we have Grindhouse. But no one expected a #1 weekend so lets see what happens.

Well, I expected a # 1 weekend, and I don't think I was alone in that. I thought BOM and BO Guru were too low in their $ 16-17 million predictions.

But still, it would have to gross just over 4X its opening to hit $ 100 million, a multiplier that is relatively rare these days, and the frontloaded weekend indicates that it's unlikely to happen. However, as I indicated before, the level that makes it a substantial success and that gets it a sequel is much lower than $ 100 mil domestic because of its budget level.

 

[bsquad]

what do people think the days leading up to friday will bring box office wise to TMNT. Granted not alot of people go to the theaters Mon-Thurs but plenty of people still go

 

[GL's Light]

what do people think the days leading up to friday will bring box office wise to TMNT. Granted not alot of people go to the theaters Mon-Thurs but plenty of people still go

Probably $ 7-9 million for Mon-Thurs combined.

 

[The Shredder]

25 mil for an opening weekend is a very good start, and considering a good majority of the people who have seen the film felt it actually exceeded their expectations, I believe theres a good possibility that "word of mouth" may keep TMNT atleast in the top 5 come next weekend.

 

[GL's Light]

TMNT dropped much more than I anticipated on Monday. It went down to # 2 and brought in around $ 1.4 million (300 went back up to # 1 with around $ 1.8 million), so the Mon-Thurs take will be a lot lower than my previous estimate - it'll be more like $ 5-6 million.

 

[Fanticon]

Among holdovers, Friday-to-Friday declines were a disturbing 71% for TMNT

taken from http://boxofficeguru.com/033107.htm

 

[Spideristic]

Most of last week's new movies took terrible tumbles in their second weekend, the worst of them being Warner Bros' computer animated TMNT, which dropped 62% and three places to fourth with $9.2 million over the weekend. In ten days, it's grossed $38.4 million compared to its production budget of $34 million.

http://www.comingsoon.net/news/movienews.php?id=19671
http://www.comingsoon.net/boxoffice/2007/mar30.php