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RT News / Columns / Box Office
Box Office Guru Preview: Spidey Senses Tingling For a Record Opening Weekend
by Gitesh Pandya | May 03, 2007
Blog Article | Discuss Article
Will the friendly neighborhood webslinger reclaim the holy grail of the movie biz - the opening weekend box office record?

After attacking most major markets around the world throughout this week, Sony's global assault hits North America on Friday with "Spider-Man 3," the much-anticipated super hero sequel which ushers in a new summer movie season with a bang. And it could indeed be a record bang.

Director Sam Raimi returns with his illustrious cast including Tobey Maguire and Kirsten Dunst in the new mega-budgeted tentpole film following up on a pair of Spidey films that together grossed an eye-popping $1.6 billion worldwide earlier this decade. In the new PG-13 adventure, Peter Parker tries to take his relationship with his galpal Mary Jane to the next level just as three new villains enter the scene looking for some love and affection of their own from Spider-Man. James Franco, Thomas Haden Church, Topher Grace, and everyone's favorite lady in the water Bryce Dallas Howard co-star. The new saga features the super foes Sandman, Venom, and the New Goblin.

With an official production cost of $258M (and some speculate that it is actually higher), Spider-Man 3 stands as the most expensive movie yet to hit theaters. But despite the enormous pricetag, and not to mention the extravagant marketing tab, the super sequel stands a chance of approaching $1 billion in global box office this summer with tons more cash coming from video, television, and merchandising. So the eye-popping budget almost seems justified.

Sony staked its claim to the first weekend of May over a year ago and competing studios took the warning by making sure they did not program anything worthy against it, or even on the weeks before and after its opening. That puts "Spider-Man 3" in the enviable position of having the entire marketplace all to itself for a full two weeks before the next summer sensation, "Shrek the Third," hits the marketplace. Spidey should easily have over $250M in the bank before the ogre pic opens giving the super hero a mammoth headstart in the annual race for the summer crown.

The lack of competition will be key this weekend in "Spider-Man 3"'s attempt to break the all-time opening weekend record set last summer by "Pirates of the Caribbean: Dead Man's Chest" which exploded to $135.6M over a regular Friday-to-Sunday period. As big as that bow was, there was still a potent $60M spent on the rest of the top five films that weekend. This frame, look for the films in the two through five slots to collect only a third of that amount. The advantage the Venom flick has over the last "Pirates" is that the current marketplace is so dead that multiplexes will be handing over every possible screen. Whereas a July film might only get three or four screens at a venue, a tentpole release in early May can spread like black alien goo to a fifth, sixth, or seventh screen at the same multiplex since there's absolutely nothing else of value to waste auditoriums on. This increases the grossing potential significantly.

Running time will not be an issue as "Spider-Man 3" actually runs about 10 minutes shorter than "Dead Man's Chest." Thanks to the weak marketplace (last weekend was the worst frame in seven months), Sony has booked a record 4,253 locations for its bow this weekend breaking the previous high of 4,163 theaters for the launch of 2004's "Shrek 2." The studio is not reporting its total print count, but based on other megablockbusters of its type, it can be safely estimated that over 8,000 total screens will offer up this new super hero flick. Possibly over 9,000. By comparison, the second "Pirates" hit set sail in 4,133 theaters with over 8,500 prints while "Star Wars Episode III" took off with over 9,400 prints in North America in mid-May 2005.

The marketing campaign has been running on overdrive with numerous red carpet premieres around the world over the last two weeks. The push seems to be helping as "Spider-Man 3" has surpassed the opening day marks of its two older brothers in every market. The event film grossed a stunning $29.2M on its first day in 16 territories on Tuesday breaking the all-time opening day record in ten of them including France, Italy, Hong Kong, Egypt, Belgium, Singapore, Malaysia, Thailand, and the Philippines. The tally was more than the first-day grosses in the same countries of the first two "Spidey" films combined. By Sunday the juggernaut will be playing in a stunning 107 markets across the globe. North American audiences may follow suit and push "3" ahead of the then-record $114.8M opening of the first Peter Parker pic from five years ago this very weekend. That same size audience turning out this weekend at today's ticket prices would unload about $130M domestically.


Spidey hangs comfortably knowing a big opening weekend is ahead.

Although the new tale has little competition on its second weekend, its spider legs may not be as strong as those of the previous webslinger films. The first two were very big crowdpleasers with many calling the second installment the better film. Expectations are sky high for the new one. Yes, the threequel is a fun thrill ride worthy of kicking off the summer popcorn season and boasts impressive action sequences and effects. But its weak script and cram-a-ton-of-stories-into-one-film feel will not make many fans think of it as the best "Spidey" yet. It becomes so much of a super hero soap opera by its midpoint that it won't have the same word-of-mouth as the previous ones. While that will have no effect on the opening weekend gross, it could eat into repeat business down the road. Last summer's "X-Men: The Last Stand" opened powerfully to $122.9M over the four-day Memorial Day frame but tumbled down to $16.1M by its third weekend.

When franchises hit the third installment, pressure mounts to offer something new to the table so casual fans don't lose interest. What "Spider-Man 3" has going for it is the buzz that has circulated (naturally or artificially - you decide) about how this could be the final "Spider-Man" film for Raimi, Maguire, and Dunst together. That succeeds in giving the film a sense of urgency in that fans feel that this might be the last party for the beloved trio. Add in the magazine covers, talk show appearances, and globe-trotting premieres and Spider-Man has truly conquered pop culture this week which will make movie fans not want to be the only goofballs on Monday who didn't see the can't-miss blockbuster.

Advance ticketing has been running at a record pace. Movietickets.com has reported that sales are ahead of "Dead Man's Chest" at the same point in the advance sales cycle and three times better when compared to "Spider-Man 2." Add in Thursday night midnight shows, and the higher-priced Imax venues where tickets run as much as $15 in New York City, and the grossing potential climbs even higher.

"Spider-Man 3" stands an excellent chance of setting a new industry record for the biggest opening in history. The marketing assault has been amazing, audience anticipation is sky high, competition is zero, and every screen out there is dumping its spring trash in favor of the Sandman flick. Towering over its foes, "Spider-Man 3" might swing into the friendly neighborhood of $140M over the Friday-to-Sunday span this weekend.

Who would dare go head-to-head against Spider-Man this weekend? The Hulk of course! Eric Bana joins forces with Drew Barrymore in the poker drama "Lucky You" which Warner Bros. is quietly dropping into the marketplace. Offered as a counter-programming option for adult women, the much-delayed film from director Curtis Hanson ("L.A. Confidential," "8 Mile") tells of a hardcore card shark who juggles rocky relationships with his need to win a tournament. The PG-13 film could not have asked for a more unlucky frame. Although countering super hero films with chick flicks can be a good move ("My Best Friend's Wedding" vs. "Batman & Robin," "The Devil Wears Prada" vs. "Superman Returns"), this time this film just doesn't have the goods. Buzz is low, reviews are bad, and Drew just isn't the draw she used to be. Plus "Spider-Man 3" boasts plenty of female appeal so the choice will be simple for most women. Not likely to find full houses in its 2,525 theaters, "Lucky You" looks to settle for a distant second place showing with about $7M this weekend.


"I'm not sure this hand is strong enough to go against Spider-Man."

Elsewhere in the land of single-digit millions, "Disturbia" will end its three-week reign atop the charts. The Paramount thriller has been enjoying good legs with second and third weekend declines of 42% and 31%, respectively. This time the fall should be harder since "Spidey" will appeal to the exact same audience. A 45% drop would give "Disturbia" about $5M for the session and a solid 24-day cume of $59M.

The supernatural thriller "The Invisible" probably burned through much of its audience on opening weekend so a 50% drop to around $4M could result. That would give Buena Vista $13M after ten days. Fellow sophomore "Next" starring Nicolas Cage should collapse as well as moviegoers showed no interest last weekend. A 50% decline should lead to a $3.5M frame and a dismal ten-day total of only $13M.

Author: Gitesh Pandya, www.BoxOfficeGuru.com

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Comments (1-20 of 21 posts) | Reply
393396
skasforfags writes:
on May 03 2007 06:06 PM

I'm seeing it tonight at 12:04. I didn't like the first two much, but whatever.

(Reply to this)
SplendidIsolation writes:
on May 03 2007 06:34 PM

Is it the venom movie or sandman movie RT?

Spider-Man 3 better not end up like X-Men 3, ori`m going to be royally pissed.
I`ll decide on Saturday when I see it.


(Reply to this)
2439
South_park300 writes:
on May 03 2007 07:15 PM

i don't think spidey 3 will make as much as spidey 2 in the first weekend, and analysts will conisder that a flop most likely.
that said, it's gonna make a freakin' huge amount of cash this weekend. that drew barrymore movie must really suck, since they decided to release it against one of the most anticipated movies of the year.


(Reply to this)
361500
bmg615 writes:
on May 03 2007 07:34 PM

There have been so many preview screenings that word of mouth will start before opening weekend even begins, and by people who didn't even pay to see it (like myself just a couple of hours ago), and the word is that the movie is nowhere near as good as the first two.

There are too many characters with not enough time devoted to any villain, but the real problem that people will be talking about is the laughability of the crying scenes. Yes, plural. Spider-Man cries twice. And yes, they're that bad. The theater I was in laughed their heads off both times. Pretty much every main character cries at some point, and it's not effective at all. It's laughable.

This will be a much bigger problem than you might think. It's all people will be talking about, and it will have an effect on the final box office, if it isn't already having an effect on opening weekend. Even if it does have an amazing opening weekend, I think $400 million is completely out of the question at this point.

That'll really give Spidey something to cry about.


(Reply to this)
mojodaddy writes:
on May 03 2007 07:51 PM

No offense to the Guru, but I don't think you'd have to be a pro to predict this.

(Reply to this)
jeremyd4 writes:
on May 03 2007 10:39 PM

In reply to this comment (#863699)
[b]exactly.[/b]
I was saying the same kinda thing in a post to another news article - too much of the movie was laughable. Every one in the cinema I saw it in, was also laughing at scenes of Peter Parker crying. They even laughed when he accidentally hits a 'certain girl' in the face (which you'd think would be a dramatic scene). Why did Peter have to go emo, WTF?? It's ridiculous. I can handle him getting all dark and broody, but when he neatly pulls his hair down over one eye... it's just too much. He walks around with his hair like that and a depressed look for ages, and I'd swear they added a bit of black eye-shadow, hence even more suggesting his EMO-ness. However, he doesn't necessarily follow the true ideals of EMOs, since he soon becomes Disco Stu, strutting down the footpath, and wowing the ladies with his dance moves.

As I said in my other post, the corny scenes are well... EVERYWHERE. and even if this does capture the heart of the comic book, as people told me, it just seems the comic relief is at the entirely wrong times (the girl & the camera with no batteries during the climax for instance, which was a really lame joke too). The movie is too much of a Spidey wank-fest, the lines the public make about Spidey come across as so forced and scripted, Stan Lee also makes a lame speech. Onlookers continually prance around with "I heart Spidey" t-shirts, posters, and other merchandise; they keep saying "Go Spidey, YAY, Woohoo, WE LOVE YOU". If one more kid says "wicked" or "cool"... grrr! It's as if they've taken all the little kids from the cinema audience and given them cameos.

There is way too much going on in the movie too, it has shades of Batman & Robin, and you keep forgetting about the character's story arcs. However I didn't mind this too much, because at least it all connects together in the end, but I could see why it'd frustrate some people.

Lastly, I still have a problem with all the patriotic flag b.s ……OK, so Spiderman 1 was released after 9/11, and it was good to do that kinda thing then, maybe ...and wasn't it just so cute when the New Yorkers were throwing fruit at the bad guy from the bridge! But when Spidey (yet again) in S3, conveniently flies and poses passed a flag towards the end & the crowd goes wild… it’s stupid. The rest of the world doesn’t care about all this American patriotism, especially since the film was weirdly released nearly everywhere else first?!? Do American’s all wrap themselves with the American flag before carrying out every kind of event? It’s like the joke pick up line, “How bout I wrap you in the national flag and shag you for the country!!” Seriously though, do Americans really like all this cheesy patriotism in ALL their movies? I think there are more clever ways of showing it than how they do in Spiderman movies. The new Die Hard trailer being another example, has the American anthem played to the tune of electric guitars, with Bruce running around blowing shit up and killing people, it reminds me of the "America, F**k Yeah!" song in Team America! Even the title "Live Free or Die Hard" sounds like a speech George W. would make. That's probably why it's now "Die Hard 4.0" everywhere else around the world.

Anyway, I know I'm repeating myself, but give me Batman Begins any day over this. I have feeling the Iron Man movie will also be a more mature (& less corny) film, hopefully.


(Reply to this)
414296
Canuck666 writes:
on May 03 2007 11:29 PM

Mark my words: This movie will surpass the 155 million mark this weekend. Monday morning I'll come back here and gloat over all you negative nancys.

(Reply to this)
jeremyd4 writes:
on May 04 2007 12:03 AM

In reply to this comment (#863702)
Yeah, you might be right - so what? My money went towards it's global earnings, and yours will too no doubt. But mark my words: many people will come out of the cinema and go.... meh

(Reply to this)
jeremyd4 writes:
on May 04 2007 12:07 AM

the best thing the movie has going for it is................. Bruce Campbell, ok, and maybe the special FX

(Reply to this)
252550
IMAmoose24 writes:
on May 04 2007 12:43 AM

Bruce Campbell was funny. But the overall movie could not be saved by him. It was a true disappointment. If it ends this way, I will not consider the series going out with a bang.

(Reply to this)
369830
Ash Talon writes:
on May 04 2007 01:37 AM

I won't see it till Saturday. However, I will throw these 2 cents in.

Why so many villains? Did Sony already forget about the Batman franchise and how it continued to shove multiple villains into each movie which contributed to the collapse of the franchise (at least for a while)?

I think they should have (or in the future) done the following. One villain; one movie. Make the movies shorter (~90 minutes) and spotlight one villain. Maybe put a second villain in an opening sequence (ala the Bond movies). Making the films shorter would increase the number of times each film could be shown. It also means each movie could be completed quicker. And of course, the most important change...more concise stories. The first 2 movies felt bloated with the characters not doing much for large parts of the films (Green Goblin had no goal for the second half of the movie, Peter forgets about Doc Ock for the 2nd act).

I don't buy into this whole "audiences want us to outdo the previous film" mentality. Audiences want to see entering and well-made movies. Overstuffing these summer event movies just turns off audiences to future installments.


(Reply to this)
415081
screwhead100 writes:
on May 04 2007 02:23 AM

[b]pirates 3[/b]
i think whatever record spidey 3 sets, its just going to be broken by Pirates 3 when it comes out.......there is more of a reason for people to see pirates 3 than this movie and they are on the same blockbuster level..........


(Reply to this)
414296
Canuck666 writes:
on May 04 2007 03:08 AM

In reply to this comment (#863703)
My money went towards the North America box office. I've just seen it at the 12:01 am show and everybody in there loved it, the audience erupted in applause at the end. They had 3 screens showing it at 12:01 am and they were all sold out. This movie is going to be even bigger then people think. I'm even going to upgrade my expectations and say it will make over 160 million this weekend in North America alone.

(Reply to this)
206469
Merlin235 writes:
on May 04 2007 08:06 AM

Posted this on another thread, but it applies here too:
Saw it last night, and here is the thing with Spiderman 3:
You know when you watch a DVD, and you're cruising the special features and stop to watch all the deleted scenes? And you know how when you watch them, you generally think, "wow, thank God they deleted THAT scene?" Well, in Spiderman 3 all those scenes got left in. This was a very good movie, punctuated with three or four scenes that ruin the pace, mood and feel of the movie. It baffles my mind to think how they got past editing. But in there somewhere there is a very good flick, but it leaves you disapointed b/c of those few scenes.


(Reply to this)
408335
Gimy writes:
on May 04 2007 10:28 AM

160 mill...put it in the record books. chics dig it for the love story, nerds like it because well...its a comic book, and everybody else likes it because its 1 of maybe 3 action flicks this summer that is family friendly.

(Reply to this)
2439
South_park300 writes:
on May 04 2007 10:39 AM

yeah, wasn't as good as the first 2, but i still really liked it. people are going overboard with the hate

(Reply to this)
aknddon3 writes:
on May 04 2007 11:24 AM

Movie was amazing, the crowd loved it and there was no real problem with it. THe only people who hate it are people who have no idea what they are talking about. Especially that moron complaining about the american flag. Do not like america, why doesnt your own lousy country make a blockbuster movie? oh yeah because you guys suck at everything.

(Reply to this)
SplendidIsolation writes:
on May 04 2007 05:06 PM

I saw it early. Was supposed to go saturday. I personally think it`s the best of the trilogy. To me, the reaction to it is puzzling.

(Reply to this)
jeremyd4 writes:
on May 05 2007 02:15 AM

In reply to this comment (#863712)
well the movie is almost rotten now.. so maybe i do know what i'm talking about. ...and yes, the world sucks at everything, America rulz, it is da shit!

(Reply to this)
mojodaddy writes:
on May 05 2007 11:15 AM

In reply to this comment (#863712)
aknddon you always manage to make a fool of yourself whenever you post.

(Reply to this)
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