🎈 Up Big Today: Find today's biggest gainers with our free screenerTry Stock Screener

Strong reviews put 'Star Wars' in reach of 'Jurassic' box office record

Published 2015-12-16, 03:23 p/m
© Reuters.  Strong reviews put 'Star Wars' in reach of 'Jurassic' box office record
TWTR
-

By Lisa Richwine
LOS ANGELES, Dec 16 (Reuters) - Glowing reviews on Wednesday
boosted weekend forecasts for Walt Disney Co's DIS.N "Star
Wars: The Force Awakens," according to box office analysts who
projected the long-awaited film will open near the record set
this year by "Jurassic World."
The first "Star Wars" movie in a decade will likely haul in
between $180 million and $223 million in the United States and
Canada from its Thursday night debut through Sunday, experts
said after the film scored a 97 percent positive rating on
review aggregation site Rotten Tomatoes.
But to become one of the top three biggest ever movies
worldwide over the long haul, The Force will need to work its
power on China, where the movie opens in January.
The current all-time box office champ is 2009's "Avatar"
with $2.8 billion in global ticket sales, followed by the 1997
movie "Titanic" with $2.2 billion.
"The Force Awakens" needs repeat customers in China to reach
those numbers. The last "Star Wars" film, 2005's "Revenge of the
Sith," collected just $9 million in China.
"That all depends on China," said Jeff Bock, senior box
office analyst at Exhibitor Relations Co. "Outside of 'Avatar,'
sci-fi hasn't had a really good track record overseas."
The positive reviews will draw people outside of the rabid
"Star Wars" fan base, said Paul Dergarabedian, senior media
analyst at Rentrak.
"That's what's going to get it into the billion-dollar club,
then the two-billion-dollar club," he said. "Even more
important, this sets the stage and the tone for the whole
rebooted franchise."
The long-term success of "Force Awakens" is crucial for
Disney, which paid $4 billion in 2012 for "Star Wars" producer
Lucasfilm and plans several related movies and theme park
attractions.
In North America, the big question this weekend is whether
The Force can defeat a herd of dinosaurs. "Jurassic World"
debuted with $208.8 million in domestic theaters in June. No
movie opening in December, which is slower than the summer, has
come close to that level.
"'Star Wars' fans want ownership of this record," Bock said.
Advance ticket sales have been "astounding," said Dave
Hollis, Disney's head of theatrical distribution. But he added
that millions of seats remain available for this weekend.
"Theaters have been continually adding shows to accommodate
demand," he said.
"Force Awakens" powered ahead of "Jurassic World" in social
media comparisons from BoxOffice.com, with more than 739,000
Twitter (N:TWTR) mentions in the past five days, nearly triple the
dinosaur film's 253,000.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.