Monday, July 2, 2012

Weekend Box Office Wrap Up: July 1st, 2012

Ted opens in first place

Seth MacFarlane's R-rated Ted (read our review) topped the box office over the weekend, grossing an impressive $54 million. The Mark Wahlberg and Mila Kunis film now has the second best debut for an R-rated comedy (lagging behind The Hangover 2's $85 million), and it is also the second biggest opening of Walhberg's career, trailing in the $68 million slipstream of 2001's misjudged Planet of the Apes.

The film nudges 2000's The Perfect Storm into third place on the list of Walhberg's movie openings.

The $50 million film should turn out to be very profitable for Universal over the coming weeks as it has little to no competition on the comedy front. The talking teddy movie should then go on to earn even more cash once it hits DVD.

Steven Soderbergh's male stripper drama, Magic Mike (read our review) debuted in second place with a very respectable $39 million. The film carries a reported production budget of just $7 million, so it has already been hugely profitable. 2012 has been a great year for Channing Tatum, with both 21 Jump Street and The Vow crossing $100 million at the domestic box office. If Magic Mike shows legs then it is possible that it too will cross that century barrier, making it a hat-trick for the rising star.

Channing Tatum and the Cast of Magic Mike

Disney/Pixar's Brave dropped to three, grossing another $34 million for a $131 million total gross. The film dipped 48% from last weekend's launch ' much less than the 60% drop from 2011's Cars 2. The decline is just slightly more than 2010's Toy Story 3, although that had the added bonus of opening to more than $110 million during its first weekend.

Tyler Perry's latest Madea movie Madea's Witness Protection should bank $26.3 million over the three days. The debut for the $20 million comedy is ahead of 2011's Madea's Big Happy Family, which opened to $25 million and topped out at $53 million. However, it is a far cry from the $41 million start of 2009's Madea Goes to Jail, which ended its run with $90 million.

Madagascar 3: Europe's Most Wanted will greet Monday morning with an estimated $11.8 million, a number which raises its cume to an impressive $180 million. It is now on track to surpass the $193 million franchise best of the original 2005 film.

Abraham Lincoln: Vampire Hunter dipped over 63%, grossing just $6 million on its second weekend. The Tim Burton produced monster-mash has now accumulated $29 million, a figure which is less than half of its production budget.

Ridley Scott's Prometheus banked $4.9 million, raising its domestic total to $118 million. The $130 million film is now closing in on $300 million globally.

Wes Anderson's Moonrise Kingdom is doing good business. A $4.8 million weekend gross will see the quirky comedy raise its cume to $18 million. It is on track to become the second highest grossing film in Anderson's career ' behind the $52 million domestic gross of The Royal Tenenbaums.

Snow White & The Huntsman chopped up another $4.4 million worth of green for a total of just under $146 million. The Kristen Stewart/Chris Hemsworth/Charlize Theron fairy tale has grossed more than $300 million worldwide.

Alex Kurtzman's People Like Us (read our review) failed to make much of an impression, grossing just $4.3 million from just over 2,000 theatres. The Chris Pine drama carries a slight $16 million budget, so it won't be a financial disaster.

That's it for now. See you at the movies.

Source: Box Office Mojo

Tags: abraham lincoln vampire hunter, box office, brave, madagascar 3, Madea's Witness Protection, Magic Mike, moonrise kingdom, people like us, prometheus, snow white and the huntsman, ted

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