‘Blade Runner 2049’ To Kick October Off With A Bang

Blade Runner 2049 got things started last night with $4 million from Thursday night previews, $800k of which came from IMAX screenings. For comparison, The Martian delivered $2.5 million from preview screenings and Gravity brought in $1.4 million before both films went on to open with over $54 million each. Another comp that carries weight is Mad Max: Fury Road, which brought in $3.7 million from Thursday night previews before its $45.4 million opening, Prometheus brought in $3.6 million (including $1 million from IMAX screenings) before its $51 million debut and Interstellar delivered $3.5 million before its $47.5 million opening.
Fox’s The Mountain Between Us brought in $400,000 from Thursday previews from 2,535 locations, with screenings beginning at 7PM. This is behind In the Heart of the Sea, which brought in $575k from preview showings before its $11 million opening, though it is ahead of the $375k The Finest Hours brought in before its $10 million debut.
Lionsgate and Hasbro’s My Little Pony grossed an estimated $290,000 in advanced previews, which started at 7pm in over 1,800 locations. Comparisons to animated films are difficult, especially in this range, but we will say this is below the $330k The Nut Job 2 started with from preview screenings in August before opening with $8.3 million.
Debuting 35 years after the original, Blade Runner 2049 hopes to get October off to a good start on the heels of record numbers this past September. And while the sci-fi drama is looking for big numbers, Fox is delivering some counter-programming in the survival story The Mountain Between Us, Lionsgate is releasing the animated feature My Little Pony and Focus expands the release of Victoria and Abdul nationwide.
Blade Runner 2049 and its reported, $150 million price tag, will debut in 4,058 North American theatres (third widest all-time) this weekend while Sony and partner Alcon Entertainment will deliver the film worldwide. Industry expectations are for a $100 million debut globally, with approximately 50% of that coming from the domestic opening as industry forecasts range from $45-55 million.
From a comparison standpoint, focusing on films such as Mad Max: Fury Road and Prometheus make good sense given the 30 years between films in the Mad Max franchise and the 15 years between Alien Resurrection and Prometheus. Though, it should be noted, the Alien franchise never quite went away as two Alien vs. Predator films were released in the mid-aughts and both Fury Road and Prometheus were part of a much larger universe as their respective franchises included three or more films. Meanwhile, Blade Runner has only seen re-releases and edited versions of the original since its 1982 debut, though its influence on many sci-fi films that have been made over the last 35 years has certainly been felt.
Fury Road opened with $45.4 million in May 2015 while Prometheus opened with $51 million in June 2012. Both were summer releases and while Prometheus had the larger opening, Fury Road had the longer legs finishing its run with over $150 million domestically and over $375 million worldwide. Adding a little more to the comparison, IMDb page views show Blade Runner pacing ahead of Prometheus while pacing behind Fury Road at the same point in the release cycle. Obviously, Warner Bros. would settle for the lower opening if it meant the film would have the kind of legs Fury Road delivered. That said, thanks to very strong reviews (82 on Metacritic) and a visible increase in interest since reviews began publishing online, a strong run throughout October just might be what we’re looking at here.
Further comparisons support the $45-55 million range as Blade Runner is currently neck-and-neck with The Martian ($54.3m opening) leading up to release and has overcome Gravity ($55.7m opening) in the last few days. At the same time it’s pacing behind Christopher Nolan‘s Interstellar ($47.5m opening).
Meanwhile, online ticket retailer Fandango.com is using similar comps, reporting Blade Runner 2049 is outpacing Interstellar, Prometheus, Gravity, The Martian and Mad Max: Fury Road at the same point in the Fandango ticket sales cycle, which doesn’t necessarily change our forecast, but does help suggest we’re in the right vicinity. Such comparisons narrow our forecast window ever so slightly, pushing a little closer to a $47-55 million opening, which is the reason for our $54 million forecast. expect good legs, up to a 4x multiplier, putting it past $200m in north america and if it’s received well internationally then don’t be surprised if it pases $600m.
Internationally, the film will debut in approximately 61% of the overseas marketplace with Sony expecting around $50 million, using Mad Max: Fury Road as a comp in same markets at current exchange rates. Major markets where the film will not be opening this week include South Korea (10/12), Japan (10/27) and China (11/10) with the film already having opened in Belgium, Switzerland and France yesterday.
Beyond number one, it’s a bit tough to figure where the week’s new releases will settle among the holdovers. Lionsgate will release My Little Pony into 2,528 theatres while Fox is releasing The Mountain Between Us starring Idris Elba and Kate Winslet into over 3,000 locations. Neither film is pacing well against similar titles when comparing to IMDb page views leading up to release and, in fact, both are looking quite weak.
In the past two years, Lionsgate hasn’t seen a lot of success with its animated titles. Recent openings include Rock Dog with $3.7 million, Norm of the North with $6.8 million and The Wild Life with $3.3 million. To give you a sense of what we’re seeing, of those three films, My Little Pony is only outpacing The Wild Life when looking at IMDb page views leading up to release. Certainly there are fans of the Hasbro toy line, which was introduced in the early ’80s, that will show up to see the film, but to expect an opening over $9 million seems like a long shot at this point.
Similarly, The Mountain Between Us, based on the Charles Martin novel, has not gained much traction since its Toronto Film Festival premiere. In fact, the film saw a small bump in interest following said premiere, but the lackluster reviews (48 on Metacritic) saw interest dwindle to the point it is pacing far behind films such as In the Heart of the Sea ($11m opening), The Finest Hours ($10.2m opening) and The Judge ($13m opening) leading up to release. One would expect a film opening on this scale to debut around $15+ million or so, but as of right now it doesn’t look like it will crack $10 million.
The question is whether one or both, My Little Pony and Mountain Between Us, will bring in enough to finish within the top five. Mojo estimates American MadeKingsman: The Golden Circle and It will all be within $850,000 of one another and in the mix to top the two newcomers.
Last weekend the three films finished with just $159,175 separating first and third place with Kingsman taking the top spot over It by just $33,123 for one of the closest finishes of all-time, and this weekend looks it will be another close one as the trio of films scramble for second place. That being said, keep an eye on It, which will be crossing $300 million this weekend, becoming the fifth film of 2017 to cross that mark.
Outside the top five, and looking for a spot within the top ten, Focus will bring Victoria and Abdul to 732 theatres (+655) in its third week in release and Fox Searchlight will continue to expand the release of Battle of the Sexes into 1,822 theatres (+609). It’s tough to say just how well the films will do but we’re anticipating performances around $2.25 – 2.5 million.

 

Weekend Estimates:

1. Blade Runner 2049 – $54.3M

2. American Made – $9.6M

3. Kingsman: The Golden Circle – $8.9M

4. The Mountain Between Us – $8.6M

5. It – $8.5M

6. My Little Pony – $7.9M

7. The LEGO Ninjago Movie – $7.5M

8. Flatliners – $3.8M

9. Battle Of The Sexes – $2.6M

10. Victoria & Abdul – $2.4M

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s