Box Office

Box Office Prognosis: Spongebob Finally Takes Down The American Sniper, Jupiter & Seventh Son Bomb

By  | 

Well that’s certainly a headline I never expected to type up but, there you have it: Spongebob has taken down a sniper and, to be more specific, the American Sniper.  Yes, following three weeks at the top of the chart the Chris Kyle biopic has been bested by pretty much the character’s exact opposite: the absorbent, yellow, and certainly profitable Spongebob.  Details on that and more await in this week’s Prognosis.

The Spongebob Movie: Sponge Out of Water took the top spot at the box office this weekend with a three day gross of $56 million, which was much higher than most estimates and one of the biggest releases ever in the month of February.  It wasn’t quite at the level of The Lego Movie’s near $70 million from last year, but still pretty excellent.  After all, the first film only took in $32 million in its opening about a decade ago — sure ticket prices have raised since then, but it’s hard to deny their was growth here.  Will another Spongebob film be coming our way soon?  It’s certainly possible.

In second place was 2015’s big champ American Sniper, easing down only 21 percent from last weekend with a total of $24.2 million.  At this point, it sincerely looks like this film can’t be stopped — it already has $282 million in the bank, and will likely be able to get itself to $325 million with ease.  I never expected that the film would have a shot at becoming 2014’s biggest film but, well, here we are.  Only took a year, I guess.

American-Sniper

In third place was the week’s first big bomb, The Wachowski’s Jupiter Ascending.  Taking in a weak-sauce total of $19 million, the sci-fi film is very much off to a weak start.  It cost an insane $176 million, and only opened a fraction higher than Speed Racer (which cost like $50 million less.)  With a take so low, expect this one to only be able to eek out about $40 million domestic, if that.  Unless the film proves to be a huge hit domestically (an actual possibility all things considered), WB will probably have to chalk this one up as a failure.  Something tells me the Wachowski’s won’t be given a $100 million budget again for a while.

Fourth place for the weekend was a somehow bigger bomb though, as Universal’s Jeff Bridges starring fantasy Seventh Son tanked hard.  Only grossing a tiny $7.1 million, the eternally delayed adaptation grossed lower than even I, Frankenstein and The Legend of Hercules.  Just ouch.  The only silver lining for the film is that it’s already making money overseas, with about $83 million so far.  Finally we had Paddington being Paddington, rounding out the Top 5 with a gross of $5.37 million.  A $65 million final gross is still very much possible for the film.

colin-firth-paddington

Here’s the chart:

[table “” not found /]

My predictions were correct ranking wise, but man was I off with Spongebob.  The film certainly over-performed my $36 million estimate.

And that does it for this week’s Prognosis!  Check back next week to see who wins in the head to head race between Kingsman: The Secret Service and Fifty Shades of Grey.  Should be a fun little duel.

-Matthew