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News / Columns / Box Office
Box Office Guru Wrapup: Transformers 2 Generates Explosive Box Office
The Proposal and The Hangover come in at distant 2nd and 3rd.
by Gitesh Pandya | June 28, 2009
Discuss Article

This weekend Robots ruled the box office as the highly-anticipated action sequel Transformers: Revenge of the Fallen generated the second biggest opening in history with a gargantuan $201.2M in its first five days, according to studio estimates, sending the overall marketplace to its highest gross of the year. The eye-popping figure included $112M over the traditional Friday-to-Sunday period plus an additional $89.2M since its Wednesday launch. Playing ultrawide in 4,234 theaters including 169 IMAX screens, the Paramount release averaged a stunning $26,453 over the Friday-to-Sunday period and a gigantic $47,531 over five days.

The only other film to ever gross more in its first five days was last summer's The Dark Knight which hauled in a slightly better $203.8M from 4,366 venues. The first Transformers bowed to $155.4M in 6.5 days and needed 12.5 days to break the double-century mark on its way to a $319.2M finish.

The Michael Bay-directed pic set a number of other box office milestones. It set new records for a June opener, beating the $93.7M of 2004's Harry Potter and the Prisoner of Azkaban, and for a live-action film from Paramount exceeding the $100.1M of last summer's Indiana Jones and the Kingdom of the Crystal Skull. In fact, Shia Labeof hopes to become the first star with $300M+ blockbusters over three straight summers with Transformers, Crystal Skull, and Fallen. The new Optimus Prime adventure also set a new five-day debut record for a Wednesday opener easily beating the $152.4M of Spider-Man 2 from 2004.

The onslaught began at 12:01am on Wednesday with an explosive $60.6M opening day haul which included over $16M in business from late Tuesday's post-midnight shows. It was the second largest opening day for any film after the $67.2M for Dark Knight which bowed on a Friday. Grosses dropped 53% to $28.6M on Thursday, rose 29% to $36.8M on Friday, and climbed again by 10% to $40.6M on Saturday. Paramount is being aggressive with its Sunday estimate of $34.6M projecting just a 15% dip from Saturday. Final grosses will be reported on Monday afternoon. The Friday-to-Sunday tally is the seventh best of all-time and the largest for a film not debuting on a Friday.

The new Transformers brought back the main cast members of the first installment including Labeouf and Megan Fox who have become even bigger draws with teens and young adults over the past two years. Fearing being crushed, competing studios left the whole month of June open when it came to big action tentpoles allowing Fallen to be the only action event film out there. A massive marketing campaign by the studio and its tie-in partners drove awareness for the product placement-friendly flick sky high. Critics were brutal and tossed every insult they could at the behemoth, but ticket buyers were more interested in two and a half hours of mindless popcorn escapism.

Overseas audiences were crazy for robot action too as the second Transformers flick has pulled in a stunning $181.6M since its launch a week ago making for a jaw-dropping $382.8M worldwide cume which already makes it the second biggest global blockbuster for the whole year trailing just Angels & Demons which has collected $467.7M in seven weeks. A whopping 72% of that take has come from outside of North America. Fallen is playing more evenly with domestic accounting for 53%.

A sizable drop is expected for Transformers next weekend, but with no effects-driven tentpoles scheduled to open until the July 15th launch of Harry Potter and the Half-Blood Prince, the domestic haul could very well shoot past $350M in the weeks ahead.

Sandra Bullock followed in second place with what could become the top-grossing film of her career, The Proposal. The romantic comedy hit dropped a reasonable 45% in its second weekend to an estimated $18.5M giving Buena Vista a solid $69.1M in only ten days. Co-starring Ryan Reynolds, the phony engagement flick should be able to finish in the vicinity of $125M surpassing the $121.2M of 1994's Speed to be the highest earner for the actress. Admission prices have risen a steep 75% in the last 15 years so Proposal will not sell as many tickets though.

With robot fights hitting the multiplexes, the leggy comedy sensation The Hangover suffered its largest decline yet. Dropping 36%, still a good hold, the R-rated laugher grossed an estimated $17.2M lifting the cume to $183.2M. Hangover is set to smash through the $200M mark over next weekend's Independence Day holiday frame.

Carl and Russell overtook Kirk and Spock for the year's box office crown as the animated smash Up sailed past the quarter-billion mark. The tenth toon from Disney and Pixar dropped 45% to an estimated $13M in its fifth weekend to boost the amazing cume to $250.2M making it 2009's top-grossing title. Optimus Prime will steal away that prize later this week, but Up still has hopes of surpassing the $300M milestone and now sits at number 47 on the list of all-time domestic blockbusters behind Night at the Museum's $250.9M. The flying house flick is running only slightly behind the pace of 2003's Finding Nemo which banked $14M in its fifth round for a cume of $254M.

The frame's only other new wide opener landed in fifth place. The family drama My Sister's Keeper starring Cameron Diaz and Abigail Breslin bowed to an estimated $12M from 2,606 locations for a moderate average of $4,616 per theater. The PG-13 film based on the best-selling book about a girl fighting leukemia earned good reviews and played to a more female audience and those in the market for a good cry.

Sony placed its pair of not-so-stellar performers in the sixth and seventh slots. The Jack Black-Michael Cera comedy Year One collapsed 70% in its second weekend to an estimated $5.8M for a ten-day total of $32.3M. The Denzel Washington-John Travolta hostage pic The Taking of Pelham 1 2 3 grossed an estimated $5.4M, down a troubling 55%, to a cume of $53.4M after 17 days. The studio cannot be pleased with these declines.

Paramount's Star Trek slipped 35% to an estimated $3.6M and boosted its amazing total to $246.2M. Despite the arrival of studio stablemate Transformers, the Enterprise held up impressively. Close behind was Fox's Night at the Museum: Battle of the Smithsonian which fell 55% to an estimated $3.5M giving the sequel $163.2M to date.

The indie pregnancy comedy Away We Go expanded nationally and landed in the top ten for the very first time this weekend. The Focus release widened from 132 to 495 locations grossing an estimated $1.7M which was good enough for the ten spot. Averaging a mild $3,390, the R-rated pic has taken in $4.1M to date and continues to grow thanks to good word-of-mouth, more screens, and a larger ad spend.

On the specialty front, Summit's critically acclaimed Iraq War thriller The Hurt Locker opened with strength in New York and Los Angeles with an estimated $144,000 from just four sites for a potent $36,000 average. Pic expands on July 10. Miramax debuted its Michelle Pfeiffer period romance Cheri wider in 76 locations and grossed an estimated $408,000 for a mild $5,368 average. Reviews were mixed.

The top ten films grossed an estimated $192.7M which was up 9% from last year when WALL•E opened in the top spot with $63.1M; and up 36% from 2007 when Pixar also ruled when Ratatouille debuted at number one with $47M.

Author: Gitesh Pandya

www.BoxOfficeGuru.com

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Comments (1-20 of 169 posts) | Reply
D Effin W
D Effin W writes:
on Jun 28 2009 05:14 PM

I love it...

(Reply to this)
colin t.
colin t. writes:
on Jun 28 2009 05:18 PM

a sad weekend indeed.

(Reply to this)
iakobos
iakobos writes:
on Jun 28 2009 05:32 PM

TF2 was great. Bay made the movie for fans, not critics, and gave them what they wanted which was more robots, bigger battles, more Optimus Prime and more of the G1 interplay between Megatron and Starscream.

(Reply to this)
JohnnyJonJon
JohnnyJonJon writes:
on Jun 28 2009 05:32 PM

Here's hoping the Hangover breaks the $200 million barrier in the next week! I'm planning on seeing it this week for the first time.

(Reply to this)
jokerboy1991
jokerboy1991 writes:
on Jun 28 2009 05:47 PM

Meh, I wonder how well Transformers will hold up. Yes it will still make a lot, but I'm interested in seeing how word-of-mouth effects it next weekend, and no I am not asking what your audience's reaction was. So far it has a 6.8 on IMDB which isn't a good sign especially since it just opened, it always goes down. B on yahoo which is good but its also lower then the user rating for the first movie. Transformers 2 is probably the biggest disappointment for me this summer and I didn't even have high hopes, just expected a fun action movie.

(Reply to this)
Robert K.
Robert K. writes:
on Jun 28 2009 05:52 PM

Iron Man 2 will blow this out of the water.

(Reply to this)
whitey_mcwhite
whitey_mcwhite writes:
on Jun 28 2009 05:52 PM

I guess if you put enough explosions in a movie good characters, plot, and subtext don't matter. I remember someone saying a few weeks ago that if people stop going to bad movies that maybe Hollywood would get a clue and would start making quality product, but obviously that's not going to happen.

Anyway, I somewhat enjoyed the movie, it deserved slightly better than it's critical rating, but nowhere near as much as it earned. Even after drinking there were a lot of things I still couldn't get past. (The subplot with the girl chasing Sam when he first gets to college led to nowhere and couldn't have dropped to lower the running time.) Between annoying characters (the twins, Sam's roommate, etc), subplots that led nowhere (aforementioned subplot and more), lack of character development (robots and humans alike), and stupid juvenile humor (random dog humping scenes, a robot humping Mikaela's leg, a robot with testicles, etc.) the bad far outweighed the good.

I wanted to like it more, and I did have some fun, but it's sad that this made over $200 million at the box office over five days.


(Reply to this)
ledawg1138
ledawg1138 writes:
on Jun 28 2009 05:56 PM

In reply to this comment (#2518493)
Agreed. It's the second most sucessful film worldwide. Tsk tsk.

(Reply to this)
smartmoviekid
smartmoviekid writes:
on Jun 28 2009 05:57 PM

agreed jokerboy, i expected it to be completely better than part 1, and there were some elements, such as the action scenes and the Megatron/starscream interplay that was greatly improved. however everything else was either underutilized or unneccesary, like the twins, the human decepticon, the lack of a plot, and the tiny autobot. a lot of things just didnt work out and it was only the action scenes that truely saved the film for me.

(Reply to this)
thedownstar
thedownstar writes:
on Jun 28 2009 06:08 PM

saw "Away We Go" today and am wishing that it would have a stronger showing nationwide than it did. Great movie, two very likable characters giving great performances, too bad it came out in a month with more flash than substance, the kiddies love the flash...I'm looking at you Mr. Bay

I'm not surprised by the transformers numbers, I guess bloated action movies are what the summer is all about, hell, put Paul Blart part deux in June this time next year and it'll make two hundred million, that and anything written by Stephenie Meyer.


(Reply to this)
Glenn W.
Glenn W. writes:
on Jun 28 2009 06:12 PM

yeah, there will likely be a huge dropoff next week and it'll fade away pretty quickly, this movie is getting too many negative reviews to have any real staying power. i don't think a whole lot of people who weren't interested in Transformers will be going to see this movie, and i don't think it'll be getting a lot of repeat viewings from people whom have already seen it.

(Reply to this)
jokerboy1991
jokerboy1991 writes:
on Jun 28 2009 06:22 PM

Oh yeah see Away We Go is really good, and when Moon and The Hurt Locker comes to your area, go see those!

(Reply to this)
IOwn Andrew Kruzel
IOwn Andrew Kruzel writes:
on Jun 28 2009 06:22 PM

Aww sheeit, it's the OWNAGE PO-LICE!

No, actually I'm just here to say that if the rumors that Captain of Team Loyalty is banned are true, I'm gonna be retiring the handle and going back to lurking around here. m ywork here is done thanks to the mods who finally got rid of him and eveyrone can feel free to have great movie discussion without being attacked for having an opinion. It surely hasnt escaped everyone's notice that this thread gets hijacked weekly by someone who can't respect other peoples opinions, no matter how well they're put or what they're based on. I love coming hear to read really intelligemt movie discussion and already the atmosphere around here is a lot less hostile and generally more harmonious. For the people that thought I was just a troll like my namesake, sorry.

I'm gonna go back to lurking, but if ever the time should arise when I am again needed...well mabe you can make a Bat signal.


(Reply to this)
Paints Hz Shirt Red
Paints Hz Shirt Red writes:
on Jun 28 2009 06:25 PM

In reply to this comment (#2518494)
i agree. just alotta haters out there that wished this film did worse. nobody gives a **** about the plot, or the human characters. this film was made for the people that grew up loving transformers.

(Reply to this)
Enigmalake
Enigmalake writes:
on Jun 28 2009 06:31 PM

"nobody gives a **** about the plot, or the human characters"
Lol, well... When I go to a movie, those are two important elements that I care about.


(Reply to this)
carlocarr
carlocarr writes:
on Jun 28 2009 06:36 PM

Yey! Transformers is no.1!!! so it means a part 3 will be inevitable.. This is one of the best summer movies i ever watched..My family and friends watched this film and all of us loved it, we plan to watch it again on Imax next week.Yehey! To all the haters and critics.. watching Transformers should be mindless fun.. keyword "mindless"..

(Reply to this)
Paints Hz Shirt Red
Paints Hz Shirt Red writes:
on Jun 28 2009 06:48 PM

In reply to this comment (#2518523)
well u went to the wrong movie then.

(Reply to this)
colin t.
colin t. writes:
on Jun 28 2009 06:51 PM

no movie should ever be mindless. not even transformers. wouldn't you prefer fantastic plot and characters to go with your action?

(Reply to this)
Anna L.
Anna L. writes:
on Jun 28 2009 06:52 PM

In reply to this comment (#2518523)
Agreed. Otherwise the movie just sucks.

(Reply to this)
John N.
John N. writes:
on Jun 28 2009 07:09 PM

In reply to this comment (#2518519)
If Captain really got banned RT should make an article/thread proclaiming the good news.

Sad to hear that so many people went to see this movie. More than a few of my facebook "friends" (ie people I went to high school with and don't currently give a s**t about) were making silly "omg megan fox" and "best movie evar" posts that appear on my news feed. Bleh, bring on The Hurt Locker!


(Reply to this)
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