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'22 Jump Street' And 'Dragon 2' Hint At Huge Openings on June 10, 2014

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By Alex Edghill

Tuesday Morning Update: 22 Jump Street started its release week with a whopping 58,612 tweets. The first film was a smash hit, making over $200 million worldwide, performing very well on the DVD/Blu Ray rental and sales charts and not to mention the great word of mouth and critical praise which saw it have great legs over its box office run. So the stage is set for the sequel to cash in on all the good will that the first generated and with stellar early reviews it would appear as though audiences have given it a blank check its just a matter of how huge it will be. By comparison, 21 Jump Street had 5,494 tweets its Monday before release and Neighbors had 6,898. So like Fault In Our Stars last week this is in a class of its own buzz-wise and is blowing away all comparisons. Twitter really has been exploding this Summer with movie mentions and for the fifth week in a row a film begins its release week with over 20,000 tweets. $50 million+ would appear to be a lock here with all the fanfare. 

Much like 22 Jump Street, How To Train Your Dragon 2 is a sequel to a hugely successful film (~$500 million at the worldwide box office) which looks to capitalize on positive sentiment that the first film generated. There is  very little overlap between the two films this weekend which means they should be able to co-exist well together. Dragon 2 had  7,278 tweets on Monday, miles ahead of the 1,288 the first film had its Monday before release, while also stacking up nicely to recent animated films such as The LEGO Movie (12,710), Mr. Peabody And Sherman (4,081) and Rio 2 (4,334). Two films have only opened to above $50 million three times in box office history, all of those times were in June (2008, 2012 and 2013) and it will seem as though it will be four times after this weekend because the numbers here are pointing to an opening even above 22 Jump Street north of $60 million. 

Top 15 Movies for Monday June 9th

Rk Film Sun Mon Sun-Mon %
1 (-) The Fault in Our Stars 318,632 236,460 -25.79%
2 (-) Maleficent 78,781 62,598 -20.54%
3 (-) 22 Jump Street 42,901 58,612 36.62%
4 (-) Edge of Tomorrow 22,764 17,745 -22.05%
5 (-) X-Men: Days of Future Past 9,589 8,510 -11.25%
6 (-) How to Train Your Dragon 2 5,833 7,278 24.77%
7 (-) Captain America: The Winter Soldier 5,418 5,210 -3.84%
8 (+1) If I Stay 4,735 4,718 -0.36%
9 (-1) Godzilla (2014) 5,174 4,047 -21.78%
10 (-) The Hunger Games: Mockingjay Part 1 3,825 3,837 0.31%
11 (-) Transformers: Age of Extinction 3,610 3,794 5.10%
12 (+2) Guardians of the Galaxy 2,425 3,162 30.39%
13 (-1) The Amazing Spider-Man 2 3,313 3,101 -6.40%
14 (+4) Think Like a Man Too 1,801 2,854 58.47%
15 (-2) A Million Ways to Die in the West 3,047 1,872 -38.56%

Please check the methodology page for information about our Twitter project or here for historic data.

NORTH AMERICA: Weekend Actuals: 'The Fault In Our Stars' Shines with $48.0M; 'Edge of Tomorrow' Debuts in Third with $28.8M on June 09, 2014

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By Daniel Garris

Fox's The Fault in Our Stars led the box office with ease this weekend with a very strong first place debut of $48.00 million. The low-budget drama starring Shailene Woodley opened on the very high end of its wide ranging pre-release expectations, which rose rapidly earlier this week due in part to the film's very strong early pre-sales. There is no question that the opening weekend success of The Fault In Our Stars was driven in large part by the pre-existing fanbase of The Fault in Our Stars novel that the film is based on. After the success of Divergent earlier this year, The Fault in Our Stars represents the second strong box office performance for Woodley in the span of just a few months.

The Fault in Our Stars did prove to be especially front-loaded towards Friday's performance this weekend. The film opened with $26.06 million on Friday (including an estimated $8.2 million from Thursday evening shows), decreased a very sharp 51 percent on Saturday to take in $12.68 million and declined 27 percent on Sunday to gross $9.26 million. That placed the film's opening weekend to Friday ratio at only 1.84 to 1. While that isn't a good early sign going forward, in the bigger picture holding power won't matter all that much given the immense strength of the film's opening weekend performance. However, with a strong A rating on CinemaScore and the fact that films aimed towards teenage girls tend to deliver strong midweek grosses during the summer months, it is also still possible that The Fault in Our Stars could stabilize after its initial front-loading is out of the way.

Warner's Edge of Tomorrow was far less impressive this weekend with a third place start of $28.76 million. While the critically acclaimed sci-fi film starring Tom Cruise and Emily Blunt did open in line with expectations, the film was off to a very lackluster start with its very expensive price tag in mind. Edge of Tomorrow opened 22 percent below the $37.05 million start of last year's Oblivion, though it is likely to experience relatively stronger midweek business as a June release as opposed to an April release. The opening weekend performance of Edge of Tomorrow was more in line with the $29.81 million debut of last year's Elysium. Edge of Tomorrow certainly wasn't helped by arriving in the marketplace so soon after May's heavy line up of high-profile action films.

Edge of Tomorrow opened with $10.61 million on Friday (which included an estimated $1.8 million from Thursday night shows), decreased a slim 1 percent on Saturday to gross $10.47 million and fell 27 percent on Sunday to gross $7.68 million. That placed the film's opening weekend to Friday ratio at 2.71 to 1. Given that Edge of Tomorrow was somewhat front-loaded towards Friday this weekend for a non-sequel and that it received a B+ rating on CinemaScore, it is possible that the film isn't going over as well with initial audiences as it has with critics. Given its price tag, it will obviously be especially important for Edge of Tomorrow to try to hold up well going forward.

The audience breakdown for Edge of Tomorrow skewed towards male moviegoers (61 percent) and heavily towards moviegoers over the age of 25 (73 percent). The film grossed $4.17 million from IMAX locations, which represented 14.5 percent of this weekend's overall gross. 3D grosses were responsible for 47 percent of this weekend's gross.

Maleficent took second place with a second weekend performance of $34.33 million. Disney's 3D fantasy film starring Angelina Jolie was down 51 percent from last weekend. That represented a relatively strong second weekend hold when considering the new direct competition the film faced from The Fault in Our Stars and that second weekend declines have tended to be quite large in general so far this summer. Maleficent surpassed the $100 million mark on Friday and has grossed $128.18 million in ten days. That places the film a strong 30 percent ahead of the $98.54 million ten-day take of 2012's Snow White and the Huntsman (which fell 59 percent in its second weekend to gross $23.06 million). Maleficent will face new direct competition from Fox's How to Train Your Dragon 2 next weekend, but won't really be facing any new direct competition for quite some time after next weekend.

X-Men: Days of Future Past placed in fourth with $15.15 million. Fox's critically acclaimed 3D superhero sequel was down a significant 53 percent from last weekend, as strong reviews and word of mouth still don't appear to be making up for the naturally front-loaded nature of the X-Men franchise. With that said, X-Men: Days of Future Past continues to perform well in the bigger picture with a 17-day take of $189.56 million. That leaves the film just $10.44 million away from reaching the $200 million domestic milestone. X-Men: Days of Future Past is currently running 57.5 percent ahead of the $120.36 million 17-day take of 2011's X-Men: First Class (which fell 50.5 percent in its third weekend to gross $11.93 million).

Universal's A Million Ways to Die in the West rounded out the weekend's top five with $7.35 million. The western comedy directed by and starring Seth MacFarlane was down a sharp 56 percent from last weekend's debut. The film's poor second weekend hold wasn't surprising given the lackluster reception to the film and the relative rush out of MacFarlane's fanbase last weekend. A Million Ways to Die in the West has grossed a softer than expected $30.34 million in ten days and is highly likely to fade away from theatres before much longer.

Cinedigm Appoints Media Industry Veteran Jeffrey Edell To CFO Post on June 09, 2014

cinedigmlogo.pngLos Angeles, CA -- Cinedigm (NASDAQ: CIDM), the leading independent content distributor in the U.S., has appointed Jeffrey Edell as Chief Financial Officer. The appointment, effective immediately, was announced today by Cinedigm Chairman and CEO Chris McGurk. In addition to his CFO role, Edell will be a part of the Company's Management Committee.

"I am thrilled that Jeff has joined our team," said McGurk. "Having worked closely with him at DIC Entertainment while I was a Director there, I know of his clear ability to create and manage a first class financial effort and team at a public company. Holding a CPA and with significant private and public company experience, as well as a deep track record in accounting, reporting, M&A activities and business development, Jeff will be a great asset to Cinedigm as we continue to focus on our ambitious business objectives."

"Cinedigm is exceedingly well positioned to succeed in the quickly transforming entertainment distribution landscape and a growing organization of this size and ambition will require an ever more sophisticated and effective financial organization and cohesive system," said Edell. "I'm thrilled to be working with Chris again and with Cinedigm COO Adam Mizel and look forward to putting my public company experience and my media and technology background to work to help Cinedigm realize its full potential as we grow shareholder value in the coming years."
Prior to this appointment, Edell was CEO of Edell Ventures, a company he founded in 2009 to invest in and provide strategic support to innovators in the social media and entertainment arenas, including partnering with comic icon Stan Lee. Along with his wife Elaine Hastings Edell, he recently produced the well received film, Taken For Ransom for Lifetime. Prior to that, he was CEO of Inferno Entertainment, a film production & foreign sales company, which produced and/or distributed features including The Kids Are All Right, Just Friends and The Grey.
Previously, Edell was President of DIC Entertainment, a publicly-listed entertainment company and the largest independent producer of kid-centric content in the world. His efforts at that company culminated in the sale of DIC to Canadian fund-backed Cookie Jar Entertainment in 2008. Before that his work as Chairman of Intermix Media, the parent company of popular social networking giant MySpace, resulted in the successful sale of the company to NewsCorp in 2005. Edell was also CEO and President of Soundelux and led their growth for six years until the company was sold to Liberty Media, leading to his being named Entertainment Entrepreneur for 2000 by NASDAQ and Ernst & Young. Edell also obtained extensive financial, audit and reporting experience while working at KPMG, The Transamerica Group and DF & Co.

Edell has served on the boards of numerous public companies, including MySpace/Intermix Media, Soundelux Entertainment Group and IVC Industries, Inc. He is a member of both The Academy of Motion Picture Arts & Sciences and The Academy of Television Arts and Sciences, and was a member of the Young Presidents Organization (YPO), and is active in a variety of other non-profits. He is also Entrepreneur in Residence and Professor at Florida State University's College of Motion picture Arts.
Edell holds a Bachelor of Science in Commerce from McIntire School of Commerce at University of Virginia. Edell is a Certified Public Accountant.

 

NORTH AMERICA: Studio Estimates: 'The Fault In Our Stars' Shines with $48.2M; 'Edge of Tomorrow' Debuts in Third with $29.1M on June 08, 2014

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Sunday Update: Fox's The Fault in Our Stars led the box office with ease this weekend with a very strong first place estimated debut of $48.2 million. The low-budget drama starring Shailene Woodley opened on the very high end of its wide ranging pre-release expectations, which rose rapidly earlier this week due in part to the film's very strong early pre-sales. There is no question that the opening weekend success of The Fault In Our Stars was driven in large part by the pre-existing fanbase of The Fault in Our Stars novel that the film is based on. After the success of Divergent earlier this year, The Fault in Our Stars represents the second strong box office performance for Woodley in the span of just a few months.

The Fault in Our Stars did prove to be especially front-loaded towards Friday's performance this weekend. The film opened with $26.1 million on Friday (including an estimated $8.2 million from Thursday evening shows), decreased a very sharp 52 percent on Saturday to take in $12.64 million and is estimated to decline 25 percent on Sunday to gross $9.47 million. That places the film's estimated opening weekend to Friday ratio at only 1.85 to 1. While that isn't a great early sign going forward, in the bigger picture holding power won't matter all that much given the immense strength of the film's opening weekend performance. However, with a strong A rating on CinemaScore and the fact that films aimed towards teenage girls tend to deliver strong midweek grosses during the summer months, it is also still possible that The Fault in Our Stars could stabilize after its initial front-loading is out of the way.

Warner's Edge of Tomorrow was far less impressive this weekend with a third place estimated start of $29.11 million. While the critically acclaimed sci-fi film starring Tom Cruise and Emily Blunt did open in line with expectations, the film was off to a lackluster start with its very expensive price tag in mind. Edge of Tomorrow opened 21 percent below the $37.05 million start of last year's Oblivion, though it is likely to experience relatively stronger midweek business as a June release as opposed to an April release. The opening weekend performance of Edge of Tomorrow was more in line with the $29.81 million debut of last year's Elysium. Edge of Tomorrow certainly wasn't helped by arriving in the marketplace so soon after May's heavy line up of high-profile action films.

Edge of Tomorrow opened with $10.66 million on Friday (which included an estimated $1.8 million from Thursday night shows), decreased a slim 1 percent on Saturday to gross $10.53 million and is estimated to fall 25 percent on Sunday to gross $7.92 million. That places the film's estimated opening weekend to Friday ratio at 2.73 to 1. Given that Edge of Tomorrow was somewhat front-loaded towards Friday this weekend for a non-sequel and that it received a B+ rating on CinemaScore, it is possible that the film isn't going over as well with initial audiences as it has with critics. Given its price tag, it will obviously be especially important for Edge of Tomorrow to try to hold up well going forward.

The audience breakdown for Edge of Tomorrow skewed towards male moviegoers (61 percent) and heavily towards moviegoers over the age of 25 (73 percent). The film grossed $4.16 million from IMAX locations, which represented 14.3 percent of this weekend's overall gross. 3D grosses were responsible for 47 percent of this weekend's gross.

Maleficent took second place with an estimated second weekend performance of $33.52 million. Disney's 3D fantasy film starring Angelina Jolie was down 52 percent from last weekend. That represented a relatively strong second weekend hold when considering the new direct competition the film faced from The Fault in Our Stars and that second weekend declines have tended to be quite large in general so far this summer. Maleficent surpassed the $100 million mark on Friday and has grossed $127.37 million in ten days. That places the film a strong 29 percent ahead of the $98.54 million ten-day take of 2012's Snow White and the Huntsman (which fell 59 percent in its second weekend to gross $23.06 million). Maleficent will face new direct competition from Fox's How to Train Your Dragon 2 next weekend, but won't really be facing any new direct competition for quite some time after next weekend.

X-Men: Days of Future Past placed in fourth this weekend with an estimated $14.7 million. Fox's critically acclaimed 3D superhero sequel was down a significant 55 percent from last weekend, as strong reviews and word of mouth still don't appear to be making up for the naturally front-loaded nature of the X-Men franchise. With that said, X-Men: Days of Future Past continues to perform well in the bigger picture with a 17-day take of $189.10 million. That leaves the film just $10.9 million away from reaching the $200 million domestic milestone. X-Men: Days of Future Past is currently running 57 percent ahead of the $120.36 million 17-day take of 2011's X-Men: First Class (which fell 50.5 percent in its third weekend to gross $11.93 million).

Universal's A Million Ways to Die in the West rounded out the weekend's top five with an estimated $7.2 million. The western comedy directed by and starring Seth MacFarlane was down a sharp 57 percent from last weekend's debut. The film's poor second weekend hold wasn't surprising given the lackluster reception to the film and the relative rush out of MacFarlane's fanbase last weekend. A Million Ways to Die in the West has grossed a poorer than expected $30.19 million in ten days and is highly likely to fade away from theatres before much longer.

Saturday Update: Fox reports that The Fault in Our Stars brought in a stellar $26.1 million on Friday, topping the $22.8 million opening day of fellow Shailene Woodley-starrer, Divergent. BoxOffice projects a $55 million weekend.

Early word of mouth appears very healthy with a 93 percent Flixster audience score as of Saturday morning, joining X-Men: Days of Future Past, Captain America: The Winter Soldier, and The LEGO Movie as the only 2014 releases to remain above 90 percent on the day following their releases.

Warner Bros. reports that Edge of Tomorrow hauled in $10.66 million in its first day, behind the $13.3 million opening day of Oblivion. BoxOffice projects a $30 million weekend for the Tom Cruise vehicle. While that's a very modest start for the film, the pic has some upside with strong word of mouth (joining Fault In Our Stars as the latest movie to stay over 90 percent on Flixster with 92 percent this morning) and encouraging overseas returns. The studio is hoping that June's lack of action films leading up to Transformers: Age of Extinction will help Edge grow strong legs.

Friday Update #3: Sources now report that The Fault in Our Stars is ticking upward today. Early evening sales on the east coast indicate opening day could land closer to $23-25 million. If that holds, a weekend over $55 million looks likely.

Friday Update #2: Sources tell BoxOffice that The Fault in Our Stars is trending for an opening day around $20 million, including last night's grosses. That should set the popular young adult adaptation on course for a weekend around $45-48 million.

Meanwhile, Edge of Tomorrow is eyeing an opening day around $10 million based on matinee business. The film's strong word of mouth could help the internal weekend holds, but for now, we're staying conservative with a projection of $28 million for the weekend.

Last week's top film, Maleficent, is currently on pace for around $9 million. From there, the Disney flick should reach at least $30 million for its sophomore frame.

More updates as they come.

Friday Update #1: Sources report that Fox's The Fault In Our Stars bowed to an impressive $8.2 million on Thursday night, setting it on a course for a fantastic opening weekend.

Noteworthy in last night's gross is that Fox held special fan screening events at premium ticket prices (around $25 a pop). Still, Fault's early performance is way ahead of Divergent's $4.9 million Thursday start.

Warner Bros. reports that Edge of Tomorrow earned $1.8 million from Thursday evening shows in 3D and IMAX.

Comparatively, fellow Tom Cruise-starrer Oblivion grossed $1.1 million in April last year. Last summer's After Earth took in $1 million from 9pm shows, while Elysium started with $1.6 million.

More to come...

GLOBAL: 'Edge of Tomorrow' Leads the Overseas Box Office, Reaches $140.1M Global Cume Following North American Release on June 08, 2014

EOT.jpgKEY POINTS:

- Edge of Tomorrow reasserts Tom Cruise's global star power with a $140.1 million global tally on the weekend of its North American debut.

- Maleficent crosses the $200 million mark overseas in its second weekend. Mexico leads its overseas push with $30 million.

-X-Men: Days of Future Past crosses the $600 million mark globally.

- Frozen is the #1 film in Japan for the 13th consecutive weekend.

Edge of Tomorrow took strong openings from China, South Korea, and Russia to bring in a total of $82 million from over 19,000 screens in 63 markets during its latest weekend overseas. The Tom Cruise sci-fi flick is now up to $111 million outside of North America and has grossed $140.1 million worldwide.

China brought in $25 million from 6,762 during its opening weekend, claiming 57% of the market share for the #1 spot in the country. South Korea wasn't far behind with a $16.6 million cume from 801 screens. Russia posted Tom Cruise's biggest opening weekend of all time in the market with $8.6 million from 1,645 screens. New openers were rounded out by France, where the film claimed $3.2 million from 585 screens, while Mexico posted a solid $3.1 million take from over 1,300 screens and Australia brought in $3.1 million from 477 screens. The UK posted a $2.2 million hold to finish its second weekend with a $7.3 million cume. Edge of Tomorrow expands to Japan on July 4.

Maleficent added $59.7 million from 52 markets in its second weekend overseas, bringing the live-action Disney film's overseas total up to $208.1 million after only two frames. Mexico is leading the overseas markets with a $30 million cume, double the lifetime gross of Oz: The Great and Powerful in the market. Other top performers for the film include Russia ($24.1M), UK ($18.8M), Brazil ($12.8M), and Italy ($12.2M).

Maleficent is Angelina Jolie's third highest grossing film of all time at the overseas box office, trailing only Mr. and Mrs. Smith ($292M) and The Tourist ($211M). It is on track to pass both those titles later in its run with upcoming releases scheduled for China (June 20) and Japan (July 4). Maleficnet has grossed a total of $335.47 million worldwide.

X-Men: Days of Future Past put up another $42.1 million from 16,080 screens in 74 markets to reach an overseas cume of $422.1 million. The film has now grossed $611.2 million worldwide.

China gave the X-Men a $7.5 million weekend from 3,460 screens to reach a $104.4 million market cume, the third highest Fox title in the market behind Avatar and Titanic.

The Fault in Our Stars took a $17.1 million debut overseas this wekeend. The film finished its day-and-date bow with $65.2 million globally.

A Million Ways to Die in the West opened in 16 new territories and put up another $6.4 million at 2,700 dates in a total of 37 territories to see its overseas cume rise to $20 million. The Seth MacFarlane comedy expands to 21 more territories in the coming months. The film has grossed a worldwide total of $50.1 million.

Godzilla added $5.4 million from over 5,000 screens in 63 markets to reach a $208.7 million overseas cume. The monster movie will open in China on June 14 and Japan on July 24.

Frozen is the #1 film in Japan for the 13th consecutive weekend. The animated film is Disney's highest-grossing release of all time in the market with $218.3 million and is the #2 western movie of all time in the market behind Titanic. Frozen has grossed a total of $844.4 million overseas and $1.245 billion worldwide.

Neighbors brought in $3.6 million at 2,400 dates in 38 territories over the weekend. The comedy has grossed a total of $223.4 million worldwide and will expand to 17 additional territories in the coming months.

Rio 2 added $2.5 million from 1,860 screens in 29 markets to reach an overseas total of $343 million. The animated sequel has grossed $468.6 million worldwide.

The Other Woman colleted another $1 million from 626 screens in 24 markets, reaching a $95.3 million total overeseas and $177.5 million global cume.


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