The Studio previously announced it had reached a record high on November 12, when it surpassed the $3.791 billion set in 2010. In July, Disney was the first studio to reach the $1 billion domestic box office milestone for the year, a threshold it has achieved for eight consecutive years. In August, in record time, Disney reached the $2 billion international box office threshold for the fourth year in a row, and in early November the studio surpassed its previous all-time international box office record of $2.302 billion, also set in 2010. READ MORE »
China Wants To See More “Positive Chinese Images” From Hollywood, Government Co-Production Chief Tells Confab
“We have a huge market and we want to share it with you,” said Zhang Xun, President of China Film Co-Production Company today at the U.S./China Film Summit in downtown L.A. However, Xun warned the crowd that successful Hollywood co-production in China requires a shift in the kind of Chinese characters American films depict. “We want films that are heavily invested in Chinese culture, not one or two shots,” she said, referencing films like Disney/Marvel’s Iron Man 3 without mentioning them by name. “We want to see positive Chinese images. China has been opening up for 30 years and I think both U.S. and Chinese screenwriters want to write positive images,” Xun added, citing that there are still too many depictions of Chinese roles as drug dealers or criminals. A department of the Chinese government, the CFCC, is in charge of all administration and coordination for foreign film co-production. Last year, several films like Expendables 2, Cloud Atlas and Looper were hoping for co-production status but ended up hitting the big screen in China as purely foreign imports.
Xun’s remarks in a translated Q&A came after a morning of panels for the fourth annual confab. Running for a full day for the first time, the U.S./China Film Summit ends with a gala dinner tonight. Studios such as Warner Bros, Fox, Paramount and DreamWorks Animation are serving as sponsors of the event and execs from the likes of DWA and Vintage Roadshow Asia are participating Organizers announced today that they would soon start holding quarterly events on topics such as foreign sales in China and doing post production in the Middle Kingdom. AFM, which gets underway tomorrow in Santa Monica, will see a record influx of Chinese companies and execs, with more than 100 distributors and producers from more than 50 companies.
UPDATE, FRIDAY AM: Disney confirmed today that last night Iron Man 3 crossed $1B at the worldwide box office and $300M at the domestic box office. The global milestone came on the 23rd day of release around the world, making it the second Marvel Studios film (after The Avengers, which crossed the mark in 19 days) and sixth Disney pic (Pirates Of The Caribbean: Dead Man’s Chest, Alice In Wonderland, Toy Story 3, and Pirates Of The Caribbean: On Stranger Tides, and Avengers) to cross that threshold. The domestic mark comes on the 14th day of release and is the ninth studio pic to reach that peak. To date, the pic has grossed $1.008B globally — $698.9M international and $301.9M domestic. It is the 16th highest-grossing film of all-time globally and 11th all-time internationally.
PREVIOUS EXCLUSIVE, WEDNESDAY PM: More records breaking for Summer 2013 as may continues to sizzle at the global box office. The Disney/Marvel threequel has only been in theaters for 23 days around the world but already Iron Man 3 is set to cross the $1B mark on Thursday. Its latest cumes are $294.7M domestic and $685.6M international through May 14. That makes it the 16th biggest film ever amid predictions it will finish as the 5th highest grossing film of all time when all theatrical grosses are in.
OK, here’s some box office hilarity for you. Even if it’s only for one night, an adaptation of a 90-year-old novel toppled fanboy favorite Iron Man 3 as the #1 film in America Wednesday. Baz Lurhmann’s …
SATURDAY PM/SUNDAY AM, 4TH UPDATE: There’s more good news at the box office for the start of Summer 2013. Domestic grosses for Warner Bros‘ The Great Gatsby (3,035 theaters) just keep going strong. Big online seller Fandango tells me this female-driven film is heading into Mother’s Day and ticket sales show no signs of flagging across the country from city to heartland. Despite audiences giving it a ‘B’ CinemaScore. In addition to moviegoers showing up dressed in 1930s period costumes, exhibitors are reporting some audiences spontaneously bursting into applause when Leonardo first appears on screen. (When’s the last time that happened?) That’s prompted some Hollywood execs to speculate this is the original Titanic crowd. Warner Bros hopes the Baz Luhrmann-directed, DiCaprio starrer ”perfectly counter-programs” all the May action movies. My sources’ latest estimates for the 3D tentpole are $19.4M for Thursday/Friday, and -6% for $18M Saturday. Hollywood is expecting an overperforming $52M first weekend for the romantic drama co-financed by Village Roadshow and based on F. Scott Fitzgerald’s 1925 classic novel. The #1 film is still Disney/Marvel’s Iron Man 3 (which has the biggest theater count at 4,253) with $19.7M Friday (-72% from last Friday’s huge opening) and a huge $33M Saturday for $75M this weekend. (Last year The Avengers made an incredible $103M in its second weekend…) Before Friday, IM3 grossed $794M — international cume $581.6M and domestic $212.4M. Now the North American cume should be $287.4M through Sunday. Yowza! The only other major newcomer is Lionsgate’s Peeples (2,031 theaters), a ‘Tyler Perry Presents’ comedy not written or directed by him but by Tina Gordon Chism. It received a ‘B-’ CinemaScore and weak grosses even for a tiny budget of $15M: $1.1M Friday and $1.8M Saturday for a $4.2M weekend.
Gatsby‘s success might all seem surprising considering the film’s uneven reviews. Then again these critics — the vast majority white middle-aged men — are complaining about Luhrmann’s supposed “sacrilege” in adding hip-hop to Gatsby which of course is set in the decade dubbed “The Jazz Age”. Way to make themselves look old and out of touch. (Are these the same purists who piled on when Bob Dylan went electric? I found the music a fresh touch.) While Leo’s and Tobey Maguire’s performances are praised, Carey Mulligan’s is not. Then again there were misgivings in the media from the day the extravagant Baz project was first announced – the 4th attempt to film the novel after Warner Baxter starred in 1926, Alan Ladd in 1949, and Robert Redford in 1974. But tracking told a different story: it was strong from the day Lurhmann’s version co-scripted with Craig Pearce came on — especially heavy with females but also registering decently with men. The Great Gatsby kept improving its numbers as the full frills and very effective marketing campaign took hold. Even without P&A, the movie’s cost reportedly ballooned up to $200M. But Warner Bros claims that figure is $160M, which was brought down to $105M because of ”tons of rebates” from Luhrmann’s Australia filming location. That was then split 50-50 between the studio and co-financier Village Roadshow. (Initially the budget was $80M when Sony passed, and then $120M when Warner Bros and Village Roadshow first came aboard.)
‘Iron Man 3′ Breaks Records: $175.3M Sets 2nd Biggest Domestic Opening Weekend; Worldwide Totals Franchise Best $680.1M
SUNDAY AM, 9TH UPDATE: Walt Disney Company Chairman/CEO Bob Iger has his Wall Street earnings call on Tuesday and more good news to report with the stock already at an all-time high. Disney/Marvel’s 3D Iron Man 3 kicked off the North American summer movie season in 4,253 theaters with $68.3M Friday and a very good hold for $62.2M Saturday. With an estimated $44.7M Sunday, that $175.3M domestic weekend puts it on a path to the #2 biggest Friday-Saturday-Sunday opening ever (previously occupied by Harry Potter And The Deathly Hallows Part 2 with $169.2M). But it’s behind Marvel’s #1 The Avengers and its $207.4M. Audiences gave Iron Man 3 a coveted ’A’ CinemaScore so word of mouth should stay strong. Exit polling showed that audiences mostly saw the film in 2D (55%) vs 3D (45%, including 9% IMAX), were overwhelmingly male (61%) and couples (52% vs families 27% and teens 21%). The age breakdown was 2-11 (9%), 12-17 (13%), 18-25 (23%) 26-34 (26%), 35-49 (20%), 50+ (9%).
Pic’s international cume to date is $504.8M through Sunday for an updated global box office of $680.1M. Iron Man 3 has now passed the franchise total worldwide for Iron Man ($585M) and Iron Man 2 ($624M). Internationally, the 12-day run of the Robert Downey Jr-starring/Shane Black-directed actioner has passed the total international box office of Captain America ($192M), Iron Man ($267M), Thor ($268M) and Iron Man 2 ($312M). Overseas it played in 54 territories by the end of the weekend after beginning its international rollout on April 24, debuting #1 in every territory and setting the biggest opening weekend of all time in Latin America and Asia Pacific and the biggest opening of 2013 in Europe. This weekend’s box office take from Iron Man 3 means that Disney has now crossed the $1B box office threshold internationally and represents the fastest time that Disney has ever achieved this. Here are the new Iron Man 3 cumulative results after the weekend: China $63.5M, Korea $42.6M, United Kingdom $38.3M, Mexico $35.8M, Brazil $30.1M, Australia $28.4M, France $27.8M, Russia $21.7M, Italy $17.4M, Japan $16.4M, Taiwan $15.1M, Philippines $12.3M, Indonesia $10.6M, Hong Kong $10.5M, Malaysia $10.5M, Germany $10.5M, other markets $113.8M.
WASHINGTON — A new analysis released today on the economic impact of Marvel’s Iron Man 3 filming in North Carolina finds that the film is responsible for $179.8 million in spending and 2,043 jobs in the state. The analysis was conducted by MNP LLP and assesses the economic impact of the production filming in North Carolina between December 2011 and December 2012. The analysis also finds that the production is responsible for $104.1 million in labor income across North Carolina, and that spending associated with the film engaged 719 vendors in 84 communities across the state.
SUNDAY 2ND UPDATE: Iron Man 3 internationally is opening bigger than even The Avengers with $195.3M from its first 5 days in theaters in 42 territories representing 79% of the marketplace abroad. It’s the #1 …
2ND UPDATE 2:30 PM: The largest domestic movie theater chain Regal Entertainment says this post is going up on its Facebook page: “Regal has Iron Man 3! After some extensive talks with Disney, we’re glad to say that Tony Stark will definitely be in our theatres for Iron …
The Motion Picture Association and the China Film Distributors and Exhibitors Association have released a study that says the film and TV business contributed $15.5B to China’s economy in 2011. Commenting on the report, Mike Ellis, president and managing director of the MPA for Asia Pacific, said, “Chinese audiences are seeking out and enjoying a variety of films, whether they are made locally, internationally or co-produced through collaborative international partnerships.” While box office is predicted to keep building regardless of where films come from, figures released recently by China’s film watchdog confirm what could be a disturbing trend for Hollywood: Local movies are taking a big bite out of ticket sales. The State General Administration of Press, Publication, Radio, Film and Television said last week that homegrown films accounted for 69% of mainland box office revenues in the first quarter of 2013. The shift began with the late 2012 release of comedy Lost In Thailand, which broke about every record possible, went on to become the highest-grossing Chinese title of all time and gave a kickstart to 2013. But despite that movie’s eleventh-hour arrival, local pics still finished 2012 at a four-year low with a market share of only 48%. In the first three months of this year, however, Chinese films made 3.6B yuan ($582M) and six films broke the coveted 100M yuan ($16.2M) barrier. The top film was Stephen Chow’s Journey To The West: Conquering The Demons, which earned 1.25B yuan ($202.2M).
Last year, four foreign films were responsible for 56% of total sales in the first quarter. But this year, the only Hollywood pictures to punch above 300M yuan ($48.5M) were Skyfall and The Hobbit: An Unexpected Journey, the Xinhua news agency reported. They were followed by A Good Day To Die Hard, Cloud Atlas and Resident Evil: Retribution.