November 15-17: "Ford v Ferrari", "Midway", "Charlie's Angels"

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“Ford v Ferrari” Races to the Top

By: Keaton Marcus

Diving into the weekend, Fox and Disney’s Ford v Ferrari raced past competition with an easy victory in the top spot, flying over expectations and using good word-of-mouth. Otherwise, last week’s champion Midway cruised into its sophomore session, mildly beating largely disappointing reboot of Charlie’s Angels. Playing with Fire additionally beat Last Christmas in the last two spots.

Taking a victory lap in first place was Fox/Disney’s Ford v Ferrari which generated a truly impressive debut of 31M stateside, taking over the box office and its 25M expectations, which seemed high at the time. The picture played in approximately 3,528 theaters and averaged an above-average $8,797 per-screen. A comp could be Walk the Line (22.3M), which is from the same director, but a better one could be Quentin Tarantino’s Once Upon a Time in Hollywood (41M). The film has had overwhelmingly positive reception, and taking in the two films above, you get an average multiplier of 4.4x, which seems a little optimistic, and would result in a finish of 136M.

Internationally, the film brought in an estimated 21.4M from 41 material markets, for a global opening of 52.4M. Russia serves as the movie’s biggest opening, with 3.2M, followed by the UK (2.3M), France (2.3M), Australia (1.7M), Italy (1.3M), Mexico (1.1M) and Germany (1M). Upcoming releases include Korea (December 5) and Japan (January 10). While the domestic side is excellent, the pic still faces an upward climb in breaking even with its budget of nearly 100M, needing at least 250M.

In runner-up we saw Lionsgate’s Midway which slid 51% for a sophomore weekend of 8.8M, resulting in a domestic total of 35.1M after 10 days in release. We are still hinting at a finish of around 47M, with it pacing far ahead of the likes of Geostorm. The foreign total still stands at 38.2M, for a worldwide bout of only 73.3M, still very far from breaking even.

Thirdly, we see the second newcomer, which is Sony’s Charlie’s Angels, which flopped very badly, garnering an estimated 8.6M from 3,452 sites, falling well behind its conservative 13M pre-weekend forecasts.

TOP FIVE:

  1. Ford v Ferrari

  2. Midway

  3. Charlie’s Angels

  4. Playing with Fire

  5. Last Christmas