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411 Box Office Report: Angel Has Fallen Surges to #1, Hobbs & Shaw Closes in on $600 Million Worldwide

August 25, 2019 | Posted by Jeremy Thomas
Angel Has Fallen

Gerard Butler’s latest film had a surprisingly strong start at the box office this weekend, as Angel Has Fallen leapt to the #1 spot. The third film in the Olympus Has Fallen franchise brought in $21.3 million for the weekend, blasting past low- to mid-teen expectations to nail down the top spot with ease. That opening is right on par with start for the second film, London Has Fallen, which brought in $21.6 million when it opened in March of 2016.

The start is great news for Lionsgate, who were expecting a modest start for the film and counted on the series’ typically-strong international numbers to bring in profit. Late August has always been a slow time at the box office, as audiences brace for the dead Labor Day weekend and look forward to October when horror usually reigns. But there have been some breakouts through the years, and Angel Has Fallen appears to be making its case for inclusion on that list. Credit that in part to Lionsgate’s marketing, which positioned the film as the last big theatrical experience of the summer with a look into the backstory of Butler’s Mike Bannon.

This has never been a critically-loved series, and Angel followed in that trend. Its 40% Rotten Tomatoes consensus score is closer to the first film’s 49% than the second’s lowly 26%, but none of these are the kinds of buzz that bring otherwise-skeptical audience members in. Instead, it’s the word of mouth that has always worked. All three films in the franchise have an A- CinemaScore, and that helped Angel stay strong throughout the weekend. Action and other genre-heavy films are typically front-loaded, but this one largely held on Saturday (only down 2% from Friday) and Lionsgate is projecting a solid 28% hold for Sunday. That’s due in part to an audience that skewed older (58% over 30). The audience was more or less evenly split between men and women at 51%/49%.

All that said, Angel Has Fallen will still live or die based on the foreign grosses. It’s the cheapest film in the franchise to date at a moderate $40 million production budget, and if it follows the previous films’ trends should finish off in the $60 million to $65 million domestic final range. Foreign grosses have yet to be reported, but the previous films showed real strength overseas. In particular, London Has Fallen scored 70% of its total worldwide gross overseas. This film will likely be a money maker for the studio, but we’ll have to see those international numbers to be sure.

Good Boys ceded the top spot but still had a decent hold in weekend two. The R-rated comedy brought in $11.8 million, down 45% from its opening weekend. That’s slightly higher than the 48% drop for the R-rated sex comedy Blockers from last year and on par with Superbad’s 45% slip in its second weekend. The hold is impressive considering how much the film overindexed in its opening week; if more curious people show up to see your film opening weekend, you typically expect a somewhat larger drop the second frame. Good Boys now stands at $42.1 million domestically and $49 million worldwide against its $20 million budget plus markeing. $60 million seems to be easily in sight for a domestic final gross, and $70 million isn’t out of the question. Universal looks likely to make a bit of profit on this one.

Coming in at #3 was Overcomer, which performed stronger than expected with $8.2 million. The faith-based drama comes from Sony and Affirm and is the latest effort from Alex and Stephen Kendrick. Overcomer is a typical faith-based production in that it was yawned at by critics (38% on RT) but loved by audiences, who gave it an A+ CinemaScore. The opening is roughly on par with the duo’s 2011 film Courageous, which started at $9.1 million, and slightly below War Room’s $11.4 million in 2015.

The Kendricks’ productions typically have longer runs than the religious dramas from Pure Flix, with none reaching less than a 4.0 multiple. Overcomer should be able to hit $35 million or so, which will be good enough for profit on a low $5 million budget plus moderate marketing. It won’t be a blockbuster, but it will make Sony and Affirm happy.

The Lion King was down a spot to #4 in its sixth week with $8.2 million, down a very good 34% from last weekend. The live-action remake now has $510.6 million domestically, officially beating Beauty and the Beast to become the top-grossing of the Disney remakes to date. It has a total of $1.508 billion worldwide and is the #9 film of all-time by that metric, with Furious 7 and The Avengers both falling soon. Of course, it’s a huge hit and should reach $535 million or so in the US. The budget was $250 million.

Fast & Furious Presents: Hobbs and Shaw continues to roll on toward hit status, down a decent 43% in its fourth weekend with $8.1 million. The Dwayne Johnson/Jason Statham action flick now has $147.7 million domestically and, after a massive $102 million start in China, has powered its way to $588.9 million worldwide. China has always been a boon to the Fast & Furious franchise, and this one is no exception. Right now the film is on track for about $165 million to $170 million domestically by the end of its run and will be a hit against its $200 million budget.

In less happy news for its studio, Ready or Not was somewhat underwhelming in its opening weekend. The comedic horror thriller brought in $7.6 million, not an awful start but below the $10 million range most were expecting. The Fox Searchlight film (handled by Disney now of course) opened on Wednesday and has a five-day total of $10.6 million.

Ready or Not’s biggest problem was in its marketing — as in, there wasn’t much. Another likely victim of the Disney/Fox merger, audience awareness of this film was low which prevented the positive critical buzz (87% on RT) from providing any real momentum. It’s especially unfortunate as this was a film that is proving to be a hit not only critically, but with those fans who saw it where it has a B+. For horror, that’s a fantastic word of mouth, and the hope is that this film may be able to find an audience in successive weeks. The film is going to get a small expansion over the empty Labor Day weekend, which could help. However, the upside to this film looks to be perhaps $35 million or so, which means that overseas numbers will need to help out to get profit on a $6.5 million budget plus — more importantly — the $20 million to $25 million spent to market it.

The Angry Birds Movie 2 followed up its bad opening weekend with a mediocre hold, down 39% to $6.4 million. The animated sequel had a hold that would be good for genre films or dramas, but animated family films tend to have more repeat business. The film now has $27.1 million domestically and $74.7 million worldwide, which is not good with a $65 million budget plus marketing. The domestic total looks to be on course for $40 million or so domestically. It could still make some money if the overseas numbers hold up, but by any measure this is a disappointment.

Scary Stories to Tell in the Dark was down 40% in its third weekend with $6 million. The PG-13 horror film has racked up a decent $50.5 million domestically and $72 million worldwide against a $28 million budget. This should bring in a bit of profit for CBS Films and close out around $65 million in the States.

The news isn’t as good for CBS Films’ sister studio Nickelodeon Films, where Dora and the Lost City of Gold dropped 39% to $5.2 million in its third weekend. The family adventure has grossed $43.1 million domestically and $60.5 million, not nearly enough to match a $49 million budget plus P&A. It should end its run at about $53 million domestically, and overseas numbers are shrinking to the point this won’t make a profit.

Once Upon a Time… in Hollywood closed out the top 10 with $5 million, down 35% in its fifth weekend. The ninth film from Quentin Tarantino has passed Inglourious Basterds at the domestic front with $123.2 million, behind only Django Unchained’s $162.8 million. In terms of worldwide gross, it stands at $239.8 million — ahead of Pulp Fiction ($213.9 million) and behind Basterds ($321.5 million) and Django ($425.5 million). It’s still on course for around $140 million domestically and is a hit against its $90 million budget.

Angel Has Fallen will rule the box office again next weekend, as no major films are opening over the traditional dead zone of Labor Day weekend.

BOX OFFICE TOP TEN (Three-Day Domestic Numbers)
1. Angel Has Fallen – $21.3 million ($21.3 million total)
2. Good Boys – $11.8 million ($42.1 million total)
3. Overcomer – $8.2 million ($8.2 million total)
4. The Lion King – $8.2 million ($510.6 million total)
5. Fast & Furious Presents: Hobbs & Shaw – $8.1 million ($147.7 million total)
6. Ready or Not – $7.6 million ($10.6 million total)
7. The Angry Birds Movie 2 – $6.4 million ($27.1 million total)
8. Scary Stories to Tell in the Dark – $6 million ($50.5 million total)
9. Dora and the Lost City of Gold – $5.2 million ($43.1 million total)
10. Once Upon a Time in Hollywood – $5 million ($123.2 million total)