I Am Number?

There was little to salute as the weekend portion of the President’s holiday frame saw movie going once again register box office and admission declines. A trio of new films opened to modest response including the action-thriller Unknown, which led the field (though it could slip to second for the four-day period) with an estimated $21.9 million. Also new were the teen-oriented chiller I Am Number 4 , with $19.4 million to slot third, and the comedy sequel Big Mommas: Like Father, Like Son in position five with $16.4 million.

There were also a tsunami of niche and exclusive bows including new Hindi and Telegu movies from India. But neither 7 Khoon Maaf nor Katha Screenplay Darsakakatvam provided more than a ripple of interest. Best of the limited releases was the non-fiction The Last Lions with $49,400 at four venues and Spanish Oscar submission Even the Rain, which grossed $52,600 from eight screens. And the fistful of exclusive bows was largely non-vigorous, though the doc I Am generated an encouraging $10,100 in its solo flight.

The absence of an 11th hour Oscar surge didn’t help the situation, though two contenders — The King’s Speech and Black Swan — managed to pass the $100 million threshold. Still, the failure of most late calendar releases to find Academy favor and the wave of new releases pushing out front-runners trends toward a serious re-thinking in theatrical exploitation for award season movies.

The four-day weekend should generate roughly $175 million and that translates into a 28% drop from President’s weekend 2010. It’s a more modest 4% erosion from the prior weekend. A year ago the trio of freshmen comprised of Valentine’s Day, Percy Jackson and The Wolfman debuted to respective grosses of $63.1 million, $38.7 million and $35.6 million.

Unknown skewed dramatically older with exits indicating 89% of its ticket buyers older than 25-years old. Surprisingly, I Am Number 4 also went slightly older with 53% plus 25s and Big Mommas had a 50/50 split. Also unexpected was Number 4’s 57/43 split that favored men and only 26% of its audience identified as teens.

The past six months has certainly seen a listing toward what the industry views as an older audience. The combination of the majors’ historic slowness at responding to change in the marketplace and decades of reliance on young males to propel special effects movies into the box office stratosphere is about to face a major challenge in May.

If you build it … will they come? Stay tuned.

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Weekend Estimates – February 18-20, 2011

Domestic Market Share – 2010