Guardians of the Galaxy nabs 17 million, Sin City 2 flops; Guardians earn 246 million as top summer movie; Why Jeffery Katzenberg left Disney for DreamWorks

 

 

The Guardians rule the summer! I’m Realistic Fish Head. The defenders held up well last week thanks to TMNT 2014. This time not only that the Galaxy Guardians stormed in with 17 million, they claim the summer box office crown as the only tent pole to blast through the 200 million mark. How did they manage to achieve 2 missions in one week Gene?

 

  Gene:

 

Guardians of the Galaxy claimed first place this weekend with an estimated $17.63 million. The blockbuster sci-fi superhero adaptation from Marvel returned to first place after finishing in second each of the past two weekends.  Guardians of the Galaxy held up extremely well this weekend, as it was down just 30 percent from last weekend.  Guardians of the Galaxy surpassed the $250 million mark this weekend and has grossed $251.88 million in 24 days. That currently ranks the film as the third highest grossing release of 2014 thus far domestically (behind only Captain America: The Winter Soldier and The Lego Movie).  Guardians of the Galaxy is set to move into first place for the year within the next week.

After leading the box office each of the past two weekends, Teenage Mutant Ninja Turtles fell to second with an estimated $16.8 million. Paramount’s successful franchise re-launch was down a solid 41 percent from last weekend. Teenage Mutant Ninja Turtles continues to exceed expectations in a big way with $145.61 million through 17 days of release. The film will zoom past the $150 million domestic mark within the next week and should continue to further stabilize next weekend with help from the Labor Day holiday.

Warner’s If I Stay debuted in third with an estimated $16.36 million. The low-budget drama starring Chloë Grace Moretz opened towards the lower end of pre-release expectations and performed well with its cost in mind.  If I Stay opened slightly ahead of the $16.10 million debut of last year’s Carrie, which also starred Moretz. Due in part to its different genre and in part to the limited amount of new wide releases over the next few weeks, If I Stay will hope to hold up better going forward than Carrie did.  If I Stay opened with $6.82 million on Friday (which included an estimated $1.1 million from late night shows on Thursday), fell 18 percent on Saturday to take in $5.61 million and is estimated to fall 30 percent on Sunday to gross $3.93 million. That places the film’s estimated opening weekend to Friday ratio at 2.40 to 1. The audience breakdown for the film skewed heavily towards female moviegoers (77 percent) and moviegoers under the age of 25 (61 percent). If I Stay received an encouraging A- rating on CinemaScore.

Let’s Be Cops followed in fourth with an estimated $11.0 million. Fox’s low-budget action-comedy held up well in its second weekend, as it was down 38 percent from last weekend. Let’s Be Cops has grossed $45.25 million in twelve days. That is in line with the lower end of expectations and places the film 21 percent behind the recent $56.99 million twelve-day take of Tammy. Let’s Be Cops will likely continue to hold up well going forward thanks in part to no new comedies entering the marketplace the next few weeks.

Sony’s When the Game Stands Tall rounded out the weekend’s top five with an estimated $9.0 million. The low-budget drama from TriStar and AFFIRM Films opened on the low end of expectations.  When the Game Stands Tall opened just below the $9.78 million start of Draft Day earlier this year. The film opened with $3.00 million on Friday, increased 20 percent on Saturday to gross $3.60 million and is estimated to decline 33 percent on Sunday to gross $2.40 million. That gives the film an estimated opening weekend to Friday ratio at 3.00 to 1.  When the Game Stands Tall received a promising A- rating on CinemaScore and will have a good chance of holding up well going forward.

Meanwhile, fellow new release Sin City: A Dame to Kill For absolutely stumbled out the gate this weekend with an extremely disappointing estimated eighth place start of just $6.48 million. The graphic novel adaptation sequel opened well below all expectations and a massive 78 percent below the $29.12 million start of 2005’s Sin City (which didn’t the advantage of higher priced 3D admissions). Unlike 300: Rise of an Empire earlier this year, Sin City: A Dame to Kill For was unable to overcome the long gap in time between it and its predecessor. The film opened with $2.62 million on Friday, fell 18 percent on Saturday to take in $2.14 million and is estimated to decline 20 percent on Sunday to gross $1.71 million. That places the film’s estimated opening weekend to Friday ratio at 2.47 to 1.  Sin City: A Dame to Kill For received a lackluster B- rating on CinemaScore.

The Giver and The Expendables 3 claimed sixth and seventh place with respective estimated takes of $6.73 million and $6.6 million. The Weinstein Company’s The Giver was down a reasonable 45 percent from last weekend, while The Expendables 3 fell a sharp 58 percent. Respective ten-day totals stand at a solid $24.10 million for The Giver and at a very disappointing $27.52 million for The Expendables 3.

 

To recap as we end summer movie season, the Galaxy guardians top off summer 1st as they join Cap, Emmet, and Wildstyle into box office domination, TMNT 2014 holds ground in 2nd,  If I Stay stays in 3rd, Let’s Be Cops weakens in 4th, and Sin City 2 made by comic writer Frank Miller disappoints in 5th.

 

As mentioned earlier, the Galaxy Guardians dominated the box office ever since they first blasted through the month with 89 million smackers which bet both Marvel and Disney continue their alliance with superhero movies. We’ll, it paid off big time as they achieve victory after a long fight of competition. How many did the Galaxy Guardians earn all summer Jim?

 

Jim Fish- (via The Hollywood Reporter)- Pulling off the biggest box office surprise of the year, James Gunn’s August tent pole Guardians of the Galaxy has become the top grossing film of the summer in North America, outsmarting the likes of Transformers: Age of Extinction and The Amazing Spider-Man 2.

The Marvel Studios and Disney movie is expected to finish Saturday with a domestic total of roughly $246 million, eclipsing the $243.3 million grossed by Age of Extinction. By Sunday, Guardians’ North American cume will have climbed to $251 million or more (and it’s poised to win the weekend ahead of new YA film adaptation If I Stay).

On Friday, Guardians of the Galaxy passed up fellow Disney title Maleficent ($237 million), until then the summer’s No. 2 title in North America.

Fox’s X-Men: Days of Future Past ranks No. 4 on the domestic summer chart with $232.6 million, while Fox’s Dawn of the Planet of the Apes and Sony’s The Amazing Spider-Man are all but tied at No. 5 with $202.9 million.

Worldwide, Paramount and Michael Bay’s Age of Extinction remains the summer leader by far, with a global gross of $1.05 billion.

Guardians’ global total to date is $430.7 million and climbing.

Heading into summer, no one predicted that Gunn’s quirky superhero tent pole would emerge the victor in North America. Opening Aug. 1, the movie amazed with a record domestic debut and continued to impress from there.

Featuring a ragtag group of unlikely galactic heroes, Guardians stars Chris Pratt, Zoe Saldana, Dave Bautista, Lee Pace and Bradley Cooper, who voices the role of Rocket the raccoon. Vin Diesel, Djimon Hounsou, John C. Reilly, Glenn Close and Benicio del Toro also star.

Guardians wasn’t a cheap proposition and cost $170 million to produce. Marvel and Disney have already announced plans for a July 28, 2017 sequel, with Gunn returning to direct.

 

 

20 years ago today, Jeffery Katzenberg left Disney for DreamWorks to continue his journey to challenge other animation studios for domination of better animation. That sent shockwaves all over tinsel town which was one of the biggest surprises in box office history. Before he set on his mission to create the biggest animation library in history, Johnny takes a look back of how all of of this came as of today.

 

Johnny Trout (via L.A. Times Entertainment)- Walt Disney Co. shocked Hollywood and Wall Street on Wednesday by announcing that veteran studio chief Jeffrey Katzenberg will leave the company next month after losing a highly publicized campaign to be named second in command to Chairman Michael D. Eisner.

Katzenberg–who helped engineer the company’s staggering success with animated movies such as “The Lion King” and new ventures such as the Broadway adaptation of “Beauty and the Beast”–was rebuffed by both Eisner and Disney’s board of directors on grounds that he was not right for the No. 2 job.

Eisner delivered the news late Wednesday morning. “The job that (Katzenberg) would have wanted does not exist in this company,” Eisner said. “We’re going to strengthen the company through the divisions.”

Katzenberg’s departure leaves Burbank-based Disney without one of its chief creative forces. In 10 years he helped build the studio into a perennial box office leader, and encouraged its growth into the lucrative TV production market and other areas. Operating income for filmed entertainment rose steadily under Katzenberg’s regime, from $2.2 million in 1984 to $622.2 million in 1993.

Disney on Wednesday moved quickly to fill the void by announcing that Katzenberg’s duties will be taken over by two executives. Joe Roth, who set up his production company at Disney two years ago, was named chairman of Walt Disney Motion Pictures, and studio President Richard Frank was named chairman of the newly created Walt Disney Television and Telecommunications.

Eisner also announced that Sanford M. Litvack, Disney’s executive vice president for law and human resources, will take on more day-to-day supervision of internal administration as well as dealings with governments, communities and other corporations. All these moves, Eisner said, will strengthen the divisions and enable him to operate without a president.

Sources say Katzenberg, 43, a compulsively driven executive, pushed Eisner too hard for the No. 2 job after Disney President Frank G. Wells was killed in a helicopter crash in April. “He backed Michael into a corner,” said one critic. “He campaigned for the job in the news media. That’s hardly the way to get along with your boss.”

Others said the two executives were too similar in their hands-on, creative approach. “You can’t have two chefs in the kitchen,” said longtime Disney board member Raymond L. Watson, vice chairman of the Irvine Co. Although Eisner underwent emergency quadruple bypass surgery last month, Watson said the board is confident that succession is not an issue for the 52-year-old chairman.

Katzenberg’s most serious board opposition came from Vice Chairman Roy E. Disney, according to sources. The Disney scion, who oversees animation, is said to have felt that Katzenberg took undue credit for the revival and success of animated features.

“He was trying to take all the bows for it, and forgetting what his real job was, and that was live action,” one source said, adding: “The truth is, no board member thought he was equipped to be president.”

Roy Disney stopped short of threatening to resign if Katzenberg was promoted, sources said, but his displeasure carried great weight. Ten years ago, he resigned from the board and mounted a campaign that ultimately dislodged management. Roy Disney then helped install the Eisner-Wells team with backing from the wealthy Bass clan of Fort Worth. On Wednesday, one source said, clan member Sid R. Bass concurred with the board’s view of Katzenberg.

Katzenberg’s office was quiet Wednesday as he made a series of calls to key executives. He appeared composed, even smiling as he discussed his fate.

“Now it’s time to move on,” he said. “I wanted a challenge beyond the job I’ve done for 10 years and Michael could not create that opportunity for me here at Disney.”

Rumors immediately surfaced that Katzenberg would be bound for Sony Pictures Entertainment or MCA Inc., the parent company of Universal Pictures. Katzenberg denied that he has had any job discussions, and Sony went to the unusual length of publicly denying that it had offered him the chairman’s post.

 

 

His immediate plan, Katzenberg said, is to “go with my family to Walt Disney World.”

By all accounts, conversations about Katzenberg’s future began nearly a year ago with Eisner and Wells, months before the latter’s death. But more recent talks never advanced to “the question of title and job description,” Katzenberg said. “It was more about the kind of opportunities I was looking for and hoping for and the kind of growth and challenge I want.”

Indeed, music mogul David Geffen, a close friend, said Katzenberg was ambivalent about staying at Disney. He said Katzenberg turned down a two-year contract extension offer last year that would have guaranteed him $100 million in stock options and grants.

 

Checking the Penguins tally, 2,077 fans sign in as Team Skipper digests the final box office numbers for the summer.

 

 

There’s only 1 week to go until Fall TV season 2014 as we say so long to summer. The hottest season may have gotten on the wrong foot, but it managed to play catch-up with plenty of summer surprises. Next summer hopefully won’t be a repeat since the box office suffered a devastating blow. But fear not summer fans, there’s still some time left to see new episodes before we cool off. The stars will be out tomorrow night for this year’s Emmy awards. This is Realistic Fish Head saying, hope your show wins an Emmy on Monday night!

 

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