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Wall Street: Money Never Sleeps: Oliver Stone Finance Film Flops

Wall Street: Money Never Sleeps Shia LaBeouf Oliver Stone
Wall Street: Money Never Sleeps: Oliver Stone sequel to 1987 drama Wall Street stars Shia LaBeouf and the original’s Michael Douglas.

Oct. 1 update: Directed by Oliver Stone, and starring Michael Douglas, Shia LaBeouf, Josh Brolin, Carey Mulligan, Susan Sarandon, and Eli Wallach, Wall Street: Money Never Sleeps topped the U.S. and Canada box office – in all probability for the last time – on Thursday, Sept. 30, grossing $1.49 million according to figures found at Boxofficemojo.com.

Opening today are David Fincher’s The Social Network and Matt Reeves’ Let Me In.

Less than $200,000 behind Money Never Sleeps, Ben Affleck’s The Town, featuring Affleck himself, Jeremy Renner, Jon Hamm, and Rebecca Hall, collected $1.30 million. The Town, which has received strongly positive reviews, may overtake Money Never Sleeps next week.

At no. 3, Zack Snyder’s CGI-animated 3D feature Legend of the Guardians: The Owls of Ga’Hoole took in $701,000.

Sept. 27: Starring Michael Douglas, Shia LaBeouf, Josh Brolin, Carey Mulligan, Susan Sarandon, Frank Langella, and veteran Eli Wallach, Oliver Stone’s “from the (2008) headlines” drama Wall Street: Money Never Sleeps topped the U.S. and Canada box office over the Sept. 24–26 weekend. Actuals have been published at Box Office Mojo.

Stone’s sequel to his 1987 drama Wall Street – the market had also crashed (though not as loudly) back then – scored $19.01 million at 3,525 venues, or $5,333 per theater.

The original Wall Street, also directed by Stone and starring Douglas, Charlie Sheen, and Daryl Hannah, took in $4.1 million (about $8.33 million adjusted for inflation, as per Box Office Mojo estimates) at 730 theaters, averaging $5,322 per venue back then, or about $10,820 today.

Wall Street went on to gross $43.84 million, or about $89.13 million today. Even considering that movies screening at fewer theaters tend to post higher per-venue averages, Money Never Sleeps will likely be unable to reach Wall Street‘s total.

Zack Snyder’s CGI-animated 3D feature Legend of the Guardians: The Owls of Ga’Hoole finished the weekend at no. 2 at the North American box office, grossing $16.11 million according to actuals found at Box Office Mojo.

Down two spots from last weekend, Ben Affleck’s The Town, featuring Affleck, Jeremy Renner, Rebecca Hall, Jon Hamm, and Blake Lively, brought in $15.6 million at no. 3. That’s about $500,000 less than studio estimates released yesterday; The Town‘s drop-off rate was 34.5 percent.

The Town should be passing the $50 million mark today.

At no. 4, the Emma Stone vehicle Easy A collected $10.6 million. It was followed by You Again, starring Kristen Bell, Jamie Lee Curtis, Sigourney Weaver, Odette Yusman, and Betty White, with $8.4 million.

At no. 6, the M. Night Shyamalan presentation Devil scored $6.6 million, down a better-than-expected 46.2 percent. Next in line was the Milla Jovovich-Ali Larter-Wentworth Miller sci-fier/actioner Resident Evil: Afterlife with $4.95 million.

According to Box Office Mojo’s Brandon Gray, Afterlife is now the most successful Resident Evil installment in dollar terms at the domestic box office – cume $52.07 million. On the other hand, it’s also the one that has sold the fewest tickets to date.

Sept. 26: Starring Michael Douglas, Shia LaBeouf, Josh Brolin, Carey Mulligan, Susan Sarandon, Frank Langella, and 2010 Honorary Oscar recipient Eli Wallach, Oliver Stone’s Wall Street: Money Never Sleeps was the no. 1 movie at the U.S. and Canada box office this weekend (Sept. 24-26), according to studio estimates found at Box Office Mojo.

Generally positive reviews notwithstanding, Stone’s sequel to his 1987 anti-greed treatise Wall Street collected an estimated $19 million at 3,565 theaters, averaging a just-passable $5,330 per the site.

For comparison’s sake: Ben Affleck’s heist thriller The Town, which is supposed to target the same (or similar) adult audience as Money Never Sleeps, opened with $23.8 million at 2,861 theaters just a week ago. Its per-theater average was $8,322.

The Town, in fact, may have helped to keep down Money Never Sleeps’ revenues, as Affleck’s extremely well-received thriller fell only 32.7 percent from last weekend (that’s an Inception-like drop-off rate), taking in $16.03 million in third place, and averaging $5,556 at 2,885 venues – a solid figure for a movie on its second weekend out.

After 10 days, The Town has grossed an estimated $49.11 million. Wall Street: Money Never Sleeps will be lucky if it reaches $40 million by next Sunday evening.

Another comparison: The Town cost a relatively modest $37m; Money Never Sleeps cost a reported $70 million.

News Corp., which owns Money Never Sleeps distributor 20th Century Fox, will clearly make much more money with their far-right nuts on Fox News than with Stone’s cautionary tale about the big business vultures Fox News extols.

After opening in third place on Friday, Zack Snyder’s CGI-animated 3D feature Legend of the Guardians: The Owls of Ga’Hoole apparently will finish the weekend at no. 2 with $16.33 million at the North American box office, according to studio estimates found at Box Office Mojo. Its per-theater average for the weekend was a quite modest – especially for a movie in 3D – $4,569 at 3,575 sites.

The reportedly $100 millionWarner Bros. release, which received mixed reviews, will have a tough time – to put it mildly – recovering its production costs at the U.S. and Canada box office. That’s where foreign and ancillary revenues should come to the rescue.

Even so, Legend of the Guardians was (or rather, is) the no. 1 movie on Sunday, as per studio estimates.

Down one spot (from Friday) at no. 3, Ben Affleck’s The Town, featuring Affleck, Jeremy Renner, Rebecca Hall, Jon Hamm, and Blake Lively, brought in $16.03 million, down only 32.7 percent. Total to date: $49.11 million. Cost: $37 million.

There could be some switching around when actuals are released on Monday, as the gap between Legend of the Guardians and The Town was only $300,000.

Down two spots at no. 4, the Emma Stone vehicle Easy A truly held its ground, down only 39.7 percent from last weekend and drawing $10.7 million, thus easily beating new “female-oriented” entry You Again. Total to date: $32.81 million. Cost: $8 million. In other words, Easy A is already well in the black.

Starring Kristen Bell, Jamie Lee Curtis, Sigourney Weaver, Odette Yusman, and Betty White, Disney’s You Again opened with an underwhelming $8.3 million in fifth place. At 2,548 locations,the widely panned comedy directed by Andy Fickman from a screenplay by Moe Jelline averaged a meager $3,257 per theater.

It’s a good thing that You Again cost a reported $20m, though it’ll likely have trouble matching that figure, let alone recoup it. As a general rule, studios earn about 50%-55 percent of a movie’s domestic grosses. In other words, You Again would have to gross $40 million for Disney to recover its budget. (This scenario doesn’t account for foreign pre-sales and other deals.)

In fact, both Legend of the Guardians and You Again could be called the first two major domestic flops of the 2010 fall season.

According to studio estimates found at Box Office Mojo, at no. 6 the M. Night Shyamalan presentation Devil scored $6.47 million, down an acceptable 47.3 percent, especially considering the sort of unbridled pans the horror thriller has received. Total to date: $21.73 million. Cost: $10 million.

If the reported budget is correct, Devil has already recovered its production costs at the domestic box office.

Sept. 24: Starring Michael Douglas, Shia LaBeouf, Josh Brolin, Carey Mulligan, Susan Sarandon, Frank Langella, and Eli Wallach, Wall Street: Money Never Sleeps topped the North American box office on its first day out, Friday, Sept. 24.

Oliver Stone’s generally well-received sequel (64 percent positive among Rotten Tomatoes‘ top critics) to his 1987 melodrama Wall Street took in an estimated $7 million at 3,565 theaters according to studio estimates found at Box Office Mojo.

Wall Street: Money Never Sleeps’ average per venue: An okay $1,964. For comparison’s sake: last week’s top picture, Ben Affleck’s heist thriller The Town, averaged $2,918 at 2,861 theaters.

Irony of ironies in this world of megaconglomerates: 20th Century Fox, which belongs to News Corp., owner of the far-right Fox News, is Money Never Sleeps’ distributor. Well, if there’s money to be made…

Down one spot at no. 2, The Town, featuring Affleck, Jeremy Renner, Rebecca Hall, Jon Hamm, and Blake Lively, collected $5.03 million, down a relatively low 39.7 percent. Its per-theater average was only about $200 below that of Money Never Sleeps, $1,745.

At no. 3, Zack Snyder’s animated 3D feature Legend of the Guardians: The Owls of Ga’Hoole, grossed $4.57 million. It’s possible that despite the mixed reviews Legend of the Guardians will finish the weekend at no. 2, as films aimed at children (or perceived as such) tend to fare quite well on Saturday and Sunday.

Down two spots, the Emma Stone vehicle Easy A held its ground to a certain extent, taking in $3.6 million, thus staying ahead of new “female-oriented” entry You Again.

In fact, You Again, starring Kristen Bell, Jamie Lee Curtis, Sigourney Weaver, Odette Yusman, and frequent trending Twitter topic Betty White opened in fifth place, with a disappointing $2.75 million at 2,548 locations, or a meager $1,079 per theater.

People tweet ad nauseam about Betty White, but won’t get their butts into theaters to actually watch her. Admittedly, that could be because You Again, directed by Andy Fickman from a screenplay by Moe Jelline, received some of the worst reviews of the year. And that’s saying a lot.

Images: You Again (Mark Fellman / Touchstone); Wall Street: Money Never Sleeps (20th Century Fox).

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