By Leonard Klady Klady@moviecitynews.com
Manled to the Max
Paul Blart: Mall Cop was intent to serve and protect and delivered an estimated $32.9 million during the three-day portion of the Martin Luther King holiday frame. Blart out-performed expectations as did another freshman release, the musical biography Notorious that ranked third with a $22.2 million gross. There were also solid returns for the two other new entries – the shockerMy Bloody Valentine 3D rang up $20.7 million and family targeted Hotel for Dogs grossed $17.1 million.
Overall box office for the four-day span should reach about $240 million to easily set a box office record for the MLK span. Mall Cop and Notorious had been tracking competitively but in the end low brow comedy prevailed. With distractions from the run up to the Inauguration as well as football playoffs and clearances including the Circuit City close out pundits expected top performers to generate grosses of $20 million to $25 million. The substantial bounce likely could be attributed to the broad selection of new entries, a surge of interest in Oscar contenders and an escape for much of the country that had been experiencing cabin fever from recent snow storms. The viewer magnet that 3D promises was clearly evident in My Bloody Valentine grosses. Slightly more than 41% of its engagements were in 3D while those engagements generated 79% of its box office. 3D has been heralded as commercial manna from heaven but the cost of retro-fitting screens in these dire financial times has slowed conversion to a crawl. About 1,500 screens can currently project in the process and industry hopes for 4,000 venues by 2010 will just have to be pushed back. Inauguration fever already reared its head with the Motion Picture Academy wisely moving its award announcements from Tuesday to Thursday. However, that’s apt to put the kibosh on last minute bookings for unexpected nominees. A 250 playdate surge for The Dark Knight with the emphasis on large-format engagements (it’s already a DVD sensation) was set weeks ago but while the momentum surged for several perceived Oscar pictures, the glut of new movies invariably eroded their visibility. A couple of Oscar long shots widened and generated good results. Defiance and Last Chance Harvey stepped up to national exposure and both could see significant drops if they’re absent at Thursday’s envelope opening. The biggest award beneficiary is probably Slumdog Millionaire that’s maintained a limited theatrical exposure domestically and has only opened in three countries internationally. The film premiered in India Thursday and went into limited release while another film, Chandni Chowk to China – financed by Warner Bros. – went wide to spectacular results. In North America it had a sizeable $660,000 bow at 130 theaters. High profile Oscar nods are vital to re-energize the likes of Milk, Doubt, The Reader, Revolutionary Road and Frost/Nixon. Weekend Estimates – January 16-18, 2009
Domestic Market Share – January 1 – December 31, 2008
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