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Box Office Report: Iron Man holds off Great Gatsby

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Box Office Report: Iron Man holds off Great Gatsby

The box office results for the weekend of May 10th – May 12th has Iron Man 3 still soaring over the competition in its second week. Meanwhile, The Great Gatsby lived up to its name on its opening weekend. Here are the studio estimates:

1. Iron Man 3 ($72.4 million)

2. The Great Gatsby ($51.1 million)

3. Pain & Gain ($5 million)

4. Tyler Perry Presents Peeples ($4.8 million)

5. 42 ($4.6 million)

6. Oblivion ($3.9 million)

7. The Croods ($3.6 million)

8. The Big Wedding ($2.5 million)

9. Mud ($2.4 million)

10. Oz the Great and Powerful ($0.8 million)

Analysis

Iron Man 3 is now up to $284.8 million at the domestic box office. It’s well on its way to becoming the highest grossing in the trilogy. The drop-off % from its opening weekend is on par with its Marvel predecessors. And clearly the 3D prices are providing a nice assist (like it needed it). Worldwide, it is about to eclipse $1 billion by next weekend.

The people at Warner Bros. have to be pleased with The Great Gatsby’s debut. With a production of $105 million, the strong opening number suggests this may hang around and be able to survive the next couple weeks as more blockbusters fly in. The combination of Leo DiCaprio’s drawing power along with fans of the literary treasure coming out strong and providing decent word-of-mouth will pay-off during weekly showtimes. Yet the lovely critics are split on this flashy 3D adaptation.

Tyler Perry presented yet another flick in Peeples. Slapping his name on this African-American comedy version of Meet the Parents didn’t quite help the cause. And the relatively thrifty production budget of $15 million may actually become an issue and lead to the summer’s first Flopper.

The Croods currently holds the longest streak in the top ten with 8 weeks. It’s domestic gross is now at $173.2 million off a production budget of $135 million. Worldwide, this 3D animation has surpassed the $500 million mark.

This Wednesday night, Star Trek Into Darkness arrives in theaters and should easily claim weekend top honors and perhaps even set an opening record for IMAX screenings. Review will be right here my fellow Shockers!

The Great Gatsby Poster

The Great Gatsby Poster

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Joe Belcastro is an established movie critic in Tampa, Florida. As a member of the Florida Film Critics Circle, most of his time is spent reviewing upcoming movies. He also covers news pertaining to the film industry, on both a local and national level as well as conducting interviews. To contact Joe Belcastro regarding a story or with general questions about his services, please e-mail him and/or follow him on Twiiter @TheWritingDemon.

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