“Water for Elephants” to gross $17.5M in opening weekend
By Kim Palacios
hollywoodnews.com: The final numbers aren’t in yet, but Box Office Mojo estimates that “Water for Elephants” will earn $17.5M in its opening weekend. If achieved, this would represent earnings of nearly 50% on the film’s $38M budget.
In contrast, Pattinson’s last release, “The Twilight Saga: Eclipse” was #1 in the box office on its opening weekend. The film grossed $64.8M in domestic sales on a $68M production budget, and went on to gross $698M worldwide for a staggering $630M profit. “The Twilight Saga: New Moon” was even more profitable, earning $710M worldwide; less the $50M production cost, the total yield for the film was $660M.
Though some are reporting that Fox is happy with the results, they are not as strong as recent opening weekend results for other headliners. Christoph Waltz’s “Inglorious Basterds” was nowhere near the international sensation that the Twilight fims have been, yet its opening weekend saw a gross of $38M on a $70M budget.
“Water for Elephants’” opening results are more aligned with those of Reese Witherspoon, whose films tend not to be mega-hits right out of the gate. While most of her films have been profitable, her most recent film, “How do you Know” cost $120M to produce but has only grossed $48M since its December 2010 release.
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