‘The Jungle Book’ beats estimates with a $100 million+ opening

Disney isn’t even done with the celebrations for the success of Zootopia, and now it gets to keep the party going on longer. The Jungle Book opened with a massive $103.3 million in North America, beating the most optimistic estimates. The foreign opening has been equally impressive with $50.3 million collected from China over the weekend, which has led to total foreign collections of close to $190 million. The movie has even raked in $20.1 million from India, the place where Rudyard Kipling’s jungles are based, where it released a week earlier and has had one of best openings seen for a Hollywood film in India yet. A total of $293 million box-office collections worldwide is just the beginning, which I expect to swell a lot further considering the highly positive reviews it has earned. Director Jon Favreau’s best box-office performance so far had been with Iron Man 2 which earned $624 million worldwide, a figure that The Jungle Book should be surpassing comfortably in my opinion. With a production budget of $175 million, the movie’s a certified hit and the bet to enter the Indian jungles again has paid off. Disney’s party will now stretch well into April and then surely continue in May when Captain America: Civil War hits the theatres. What a glorious period this studio is enjoying!

Earnings_The Jungle Book

The Barbershop series came out with its fourth movie, Barbershop: The Next Cut, though a whole eleven years since the last film. The movie’s $20.2 million opening in North America isn’t too bad against its $20 million production budget. Directed by Malcolm Lee, the movie has a surprisingly solid 92% score on Rottentomatoes. The overseas markets for such comedy films though is quite limited, and so the studio will be hoping that the high critics’ rating would provide the movie with a strong hold in the coming weeks. Barbershop: The Next Cut should qualify as a mild hit by the time its theatrical run ends, unless there is a much better foreign market performance than the past trend suggests.

Earnings_Barbershop - The Next Cut

The final wide release of the weekend was the multi-starrer Criminal, distributed by Lionsgate, which opened with a partly $5.8 million in North America that does not even place it in the top five movies at the box-office. The production budget was at $31.5 million which now seems like a huge figure. The studio is going to lose sizeable money on this one, and it does not help Kevin Costner whose attempts in reigniting his career as a lead actor are not bearing much fruits. Melissa McCarthy’s The Boss dropped by a huge 58% in its second weekend as the poor reviews seem to have taken a toll on the movie’s performance. The Boss has earned $44 million worldwide so far, and once it is pushed further in the foreign markets, the numbers should get much better. Hardcore Henry and Demolition fell by more than 70% in their second weekend which is absolutely terrible. Among the other big movies, Batman v Superman: Dawn of Justice has crossed $800 million and Zootopia is nearing $900 million at the worldwide box-office.

Here are the top 5 weekend earners at the US box-office:

1. The Jungle Book ($103.3 million)

2. Barbershop: The Next Cut ($20.2 million)

3. The Boss ($10.0 million; second weekend)

4. Batman v Superman: Dawn of Justice ($9.0 million; fourth weekend)

5. Zootopia ($8.1 million; seventh weekend)

 


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