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Wednesday, August 07, 2013

Box Office Preview: Elysium Eyes Top Spot

2 new films open today at the Cineplex "Percy Jackson And The Sea of Monsters" (reviews) is follow-up to 2010's The Lightning Thief with Logan Lerman, Alexandra Daddario and Brandon T. Jackson reprising their roles. I thought the first Percy was a lot more fun than the early films in the Harry Potter film series which I struggled to get through before calling it quits

 Jason Sudeikis hires a fake wife played by Jennifer Aniston, and two teens (Emma Roberts, Will Poulter) in the comedy We're the Millers (reviews).



On Friday Neill Blomkamp’s latest sci-fi film Elysium (reviews) is finally here starring a buffed up ,  and ; Just as Disney's Planes (reviews) prepares to land.



Pamela McClintock of THR:

To say there is something for everyone at the multiplex this weekend is an understatement.

There are four new nationwide releases, beginning with 20th Century Fox sequel Percy Jackson: Sea of Monsters and New Line's R-rated comedy We're the Millers, both of which open everywhere on Wednesday. Friday brings Neill Blomkamp's highly anticipated Elysium and Disney's Cars spin-off Planes.

The ultimate winner will depend upon which film expands beyond its core audience. Sea of Monsters is appealing heavily to teens, according to pre-release tracking, but also needs to lure families away from Planes. Millers is tracking best among females, but hopes to steal males away from Elysium.

Sony and Media Rights Capital are betting on Elysium -- headlining Matt Damon and Jodie Foster -- to win the crowded race with a three-day gross in the $35 million to $40 million range. The studio, under fire from shareholder activist Daniel Loeb, needs a hit and is counting on the dystopian sci-fi epic to do the trick.

However, some box office observers believe Elysium may have trouble reaching $30 million.

Blomkamp became an overnight sensation when his District 9 opened to $37.4 million in mid-August 2009 on its way to earning $210.8 million worldwide. That film, however, cost only $30 million to produce. Sony paid $115 million for worldwide rights to Elysium, which was packaged, financed and produced by MRC (it's not clear what the exact budget was).

One wild card is We're the Millers, starring Jason Sudeikis, Jennifer Aniston, Emma Roberts and Will Poulter as a fake family who smuggle marijuana out of Mexico. The film is tracking better than fellow New Line comedy Horrible Bosses, which posted an three-day opening weekend gross of $28.3 million. Ed Helms also stars in the comedy, which cost $37 million to produce and was directed by Rawson Marshall Thurber.

Warner Bros. and New Line insiders believe We're the Millers has a shot of hitting $40 million in its five-day debut, despite blistering reviews from some critics.

Another wild card is Planes. Originally intended to be a direct-to-DVD release, the pic could do solid business if families -- who largely shied away from Turbo and The Smurfs 2 -- are ready to turn out in force again for an animated film. Disney is projecting an three-day opening in the $25 million range; other put it closer to $30 million.

Although Planes is a spin-off of the Cars franchise, Pixar didn't produce the film. Rather, it is from direct-to-DVD unit DisneyToon Studios.

Fox's sequel Sea of Monsters is anticipating a five-day debut in the $20 million to $25 million range, meaning it won't quite match the $31.2 million opening of Percy Jackson & The Olympians: The Lightning Thief. That film, opening in February 2010, faced far less competition.

Sea of Monsters, based on Rick Riordan's bestselling YA series, cost $90 million to produce and returns Logan Lerman, Brandon T. Jackson and Alexandra Daddario in the title roles. Thor Freudenthal directed this time out.

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