Monday, 3 July 2017

Movie Money: Episode 21 (July 03, 2017)

The 2017 box office is definitely a telling one. Every week another juggernaut of the movies takes a blow domestically, doing numbers that aren't even close to what they used to do on a bad weekend. 'Transformers: The Last Knight' hit the $100m mark this weekend, with a weekend take of $17m. Considering the last 'Transformers' film made that on its opening weekend, it's safe to say US audiences aren't feeling the Cybertron civil war all that much.

Newcomer this week, 'Despicable Me 3' didn't do too bad. A $75m weekend is not the series best. 'The Minions' holds that privilege with $115m, followed by 'Despicable Me 2' at $83.5m. The series still has some legs, since the threequel at least made more than the first film, which opened with $56m. 'Despicable Me 3' took away a lot of the audience for 'Cars 3',  as the Pixar film dropped all the way down to #5 in its 3rd week. 'Cars 3' was beaten by 'Wonder Woman' which continues its incredible run, coming in at #4 this week with $16m, to the $9.5m by 'Cars 3'. 'Cars 3' almost missed the top 5 spot, with 'The House' right on its heels, with a $9m weekend.

Not a lot got made with this one.

Despite the decline of huge franchises like 'Transformers' and 'Pirates of the Caribbean', the lay of the land shows that domestic box office failure means next to nothing these days since international markets play such a large part in a movie's success. 'Transformers: The Last Knight' may have made only $104m in its second weekend, but its global cume is $431m. It's not the billion the franchise is used to, but the film is likely to take in a comfortable $500m. If the thought that even if these franchises fail, they still end up succeeding is depressing to you, then allow me to cheer you up by saying 'Baby Driver' made $36m worldwide this weekend, surpassing its $34m budget. It's far and above Edgar Wright's most successful movie. May it make over a billion dollars.

That's the report for this week and of course, here's the podcast:

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