For the second week in a row, the small raunch comedy The Hangover amazingly edged out the critically acclaimed Pixar film up, even with the latter being featured on 500 more screens, as well as being placed on a goodly share of IMax and 3-D screens with notably higher ticket prices. Even given that disparity, this last weekend The Hangover drew a pretty heatlhy $2000 more per screen ($9,960 vs. $7,853) from Friday to Sunday than Up did.
Admittedly, Hangover is well behind Up in total revenues ($187 million to $105 million), by dint of Up having been out a week longer. However, the really key fact here is that Up after three weekends has box office receipts just slightly higher than the film’s $175 million budget–not even counting advertising, etc.–while Hangover in ten days has drawn four times its own $25 millon budget. Hangover is, pound for pound, likely to boast a profit to cost ratio that licks any of the big money blockbusters, and may well dwarf that of most or all of them.
Things look less rosy for the (utterly unnecessary) remake of The Taking of Pelham 1 2 3, which drew a tepid $25 million to take third place. Starring two big names (Washington and Travolta), this will have to make a lot o’ dough overseas to hit the break even point, given it’s $100 million budget.
The summer’s big losers so far are Terminator Salvation (it’s drawn $113 million domestic in six weeks, against a $200 million budget, and only another $100 million so far, meaning that to break ever it will have to draw another close to $200 million, which doesn’t seem too likely) and Land of the Lost has drawn a similarly dim $35 million against it’s $100 million budget.
Several films are doing healthy business, such as Wolverine ($150 million budget, $353 million worldwide earnings), Star Trek ($150 million budget, $343 million worldwide earnings) and especially–go figure–Angels & Demons, at $414 million earned worldwide so far against a $150 million budget. That’s pretty sweet, but not anywhere near the sort of gigantic money a Dark Knight made. I guess we’ll see how Transformers 2 does.
If that films doesn’t do any better than the others, though, and assuming Hangover stays in theaters a bit longer (and it’s earnings dropped a miniscule 26% this weekened), it may be that Hangover actually makes nearly as much profit as the biggies in raw dollars as well as crushing everyone else in earning ratio.
William Goldman was right about the film business; nobody knows nothing.