Despicable Me 2

Iron Man 3 Named 2013’s Highest-Grossing Movie

Iron Man 3 has been crowned the highest-grossing film of 2013 after raking in $1.2 billion at the global box office.

Robert Downey, Jr.’s latest outing as Tony Stark and his superhero alter-ego easily trumped Despicable Me 2, which claimed second place with $918.4 million.

Fast & Furious 6 raced into third with a $788.7 million haul, while Monsters University ($743.6 million) and The Hunger Games: Catching Fire ($738.3 million), which was only released last month, placed at four and five, respectively.

Others featured in the end-of-year top 10 countdown include Gravity, Thor: The Dark World and World War Z.

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Box Office: "The Wolverine" Tops With $55 Million Debut; Plus "Despicable Me 2" Crosses $300 Million Mark

Sometimes even earning the No. 1 spot can be seen as a modest disappointment, or at least that’s what the new narrative around The Wolverine (CinemaScore: A-) would have you believe.

With no competition this weekend, The Wolverine pulled in about $55 million domestically in 3,924 locations — on target with studio estimates, but far below tracking projections, some of which went so far as to predict an $80 million weekend. With the majority of screens showing the Fox tentpole in 3-D, the movie averaged about $14,016 per screen on an estimated budget of $120 million, so this weekend’s performance is really nothing to scoff at. Interestingly, at $55 million, the film is right in line with 2011′s X-Men: First Class which made $55.1 million in its first three days at the box office in early June. But so far The Wolverine is holding steady as the second lowest opening of all of Fox’s six X-Men movies — that title goes to the first in the series which opened at $54.5 million. But X-Men was also released 13 years ago with no 3-D surcharges, so it’s not an entirely fair comparison.

The Wolverine opened internationally this weekend as well to grosses of $86.1 million, playing on 15,152 screens in 101 territories, bringing its worldwide total to about $141.1 million. Fox estimates that audiences were about 58 percet male, and 42 percent under the age of 25. Read more>>

(Source EW)

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‘Despicable Me 2’ Tramples ‘Lone Ranger’ at Theaters

The  minions have overtaken “The Lone Ranger.”

Studio estimates Friday show “Despicable Me 2” is trampling the Johnny Depp Western at the holiday box office. The animated Universal sequel has collected three times more than the Disney cowboy caper since both films debuted Wednesday.

“Despicable Me 2” earned $59.5 million so far, while “The Lone Ranger” took in $19.5 million in ticket sales.

Moviegoers opted for the minions over the masked man by more than 2 to 1 on Independence Day. The family film dominated with $24.5 million Thursday, compared with Ranger’s $9.86 million.

Poor reviews for “The Lone Ranger” may have translated to sluggish ticket sales. Chicago Sun-Times critic Richard Roeper called the $250 million Western “slick trash.”

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Lone Ranger’ Ambushed at Box Office, Disney May Face Loss

LOS ANGELES – “The Lone Ranger,” Walt Disney Co’s big-budget western starring Johnny Depp, performed below expectations on Wednesday night, raising the possibility that the movie could saddle the media giant with a loss on the film.

The film, which cost an estimated $225 million to produce, generated $9.7 million during Wednesday showings, falling well behind “Despicable Me 2” from Comcast’s Universal Pictures, which sold $34.3 million at the domestic box office, according to studio estimates.

Both films opened with limited showings on Tuesday. For the two-day period, “Despicable Me 2” generated $39 million and “The Lone Ranger” saw $11.7 million.

Disney estimates “The Lone Ranger” will sell $45 million for the Wednesday through Sunday July Fourth holiday weekend, below industry experts’ initial forecasts of $60 million to $70 million over the five days.

“If it does end up grossing less than $50 million over the five-day stretch, it will most certainly go down as a misfire,” said Jeff Bock, senior box office analyst for Exhibitor Relations, which tracks movie box office prospects.

The film’s poor opening is a black eye for producer Jerry Bruckheimer, director Gore Verbinski and star Depp, the trio behind Disney’s ultra-successful “Pirates of the Caribbean” series.

Disney made their prior success a key part of marketing the current film, and Depp’s international appeal still could help the film’s overseas box office.

“The Lone Ranger” is an action remake of a 1930s radio show and television series in the 1950s. Armie Hammer plays John Reid, the lawman who dons a mask to fight injustice in the Old West. This time, though, it is the Lone Ranger’s Native American sidekick Tonto, played by Depp, who takes center stage.

Critics have not embraced the movie. Among 110 reviews compiled on the Rotten Tomatoes website on Wednesday, just 25 percent recommended the film.

Gitesh Pandya, editor of the website Box Office Guru, estimates the film will generate $100 million in domestic ticket sales.

A $60 million opening over its first days would have generated a modest profit, according to Tony Wible, a managing director of Janney Montgomery Scott who follows Disney.

With that opening, he estimated the film would generate $180 million in domestic ticket sales and give Disney total revenues of $370 million from foreign, video and other sales.

Studios and theaters generally share box office receipts.

Disney spent $225 million to make the film and an estimated $100 million to market it.

A Disney spokesperson was not available for comment on the studio’s outlook for the film’s profitability.

“The Lone Ranger” is the latest entry in Disney’s strategy of spending more on fewer films to build franchises from big budget movies that can generate continued revenues from sequels, merchandise and outlets like its theme parks and TV properties.

The company found such success with Marvel superhero films “The Avengers” and “Iron Man 3,” and with Pixar’s “Monsters University,” but wrote down $200 million when sci-fi epic “John Carter” flopped last year.

The studios will update the box office results over the weekend.

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