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“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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About Kim Palacios

Kim Palacios is a San Francisco Bay Area transplant whose epicurean tendencies are matched only by her wanderlust. While not covering food, wine, and luxury travel for her column on Examiner.com, she guest writes for Travel Writers Exchange and a number of other varied-topic blogs. She is quadrilingual and holds an M.B.A. in Finance (neither of which she uses much these days). While not mourning the death of free markets and grumbling about the tax treatment of Californians, she enjoys film, and all things Twilight.

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  • April 24, 2011 | Permalink |

    You know what? That’s it. I won’t click on any Hn.com any more, if it has your name on it, or even not click on any news from them to avoid reading your articles. You are super annoying while you try to sound logical and secretly try to imply a negative spin. Other people were calling you out a few weeks ago, now I’m done too.
    If you want to bring in the Twilight Saga and Inglorious Basterds, don’t state the financial contrasts without explaining the contrasts of the movies as well.
    Bad job as always.

  • April 25, 2011 | Permalink |

    For those of us that are film budget junkies this information is still lacking. The percentage return compared to other films does not compare genre, audience, marketing, or decisions based within production in efforts to maximize production value. Three very different films, what is the benchline on which you are comparing them?

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