Box Office Report: 'Spider-Man' to Soar Past 'Savages,' 'Katy Perry'

6:28 PM PST 07/05/2012 by Pamela McClintock
Sony Pictures
"The Amazing Spider-Man"

Concert doc "Katy Perry: Part of Me" -- opening Thursday -- is on course to gross north of $3 million for the day and in the low to mid-teens for the long holiday weekend; Oliver Stone's "Savages," opening Friday, is expecting a soft $10 million debut.

Sony's The Amazing Spider-Man will continue to dominate the box office this weekend despite fresh competition from microbudgeted concert documentary Katy Perry: Part of Me and Oliver Stone's R-rated crime drama Savages.

Spider-Man, aiming to reboot the marquee franchise, opened Tuesday and has taken in a stellar $59.2 million in its first two days of play domestically. It's now expected to earn $125 million to $140 million over the course of its six-day debut and already has taken in north of $50 million overseas.

PHOTOS: 'The Amazing Spider-Man' Premiere: Andrew Garfield, Emma Stone Swing Into Action on the Red Carpet

So far, Marc Webb's superhero pic, starring Andrew Garfield and Emma Stone, is turning in the best performance of any July 4th film outside of the original Transformers.

Spider-Man will be playing virtually around the world this weekend after rolling out in only 11 foreign markets last weekend. By Sunday night, its worldwide tally could be well north of $250 million.

Part of Me and Savages were designed to provide counterprogramming to summer tentpole fare, with Universal even moving Savages from September to this weekend after positive test screenings in January. One hitch for Savages: It faces competition for males from Universal's other R-rated summer pic Ted, which overperformed last weekend in bowing to a record-breaking $54.4 million.

From Paramount's Insurge label, Part of Me -- which charts Katy Perry's meteoric rise to fame and her California Dreams concert tour -- opened Thursday in North America. The 3D pic, costing a modest $12 million to produce, is on course to gross north of $3 million for the day and is likely to earn in the low to mid-teens through Sunday.

PHOTOS: Katy Perry: Pop's Candy-Colored Princess

That's substantially lower than the openings for fellow Insurge pic Justin Bieber: Never Say Never ($29.4 million) and Disney's Hannah Montana: Best of Both Worlds Concert Tour ($31.1 million), though both those films debuted outside of summer.

Paramount believes Part of Me, whose producers include Perry and Imagine Entertainment, will have a long run thanks to strong word-of-mouth and good reviews. On Monday, the studio hosted fan sneaks in 100 theaters across the country for Perry's millions of Twitter followers.

Part of Me also opens in Australia, New Zealand and the U.K. this weekend.

Universal gambled when relocating Savages from the fall -- prime time for adult fare -- to the heart of summer. The R-rated movie marks Stone's return to more violent fare and stars Taylor Kitsch, Blake Lively, Aaron Johnson, John Travolta, Benicio Del Toro and Salma Hayek.

VIDEO: 'Savages' Star Blake Lively Describes 'Awkward' Sex Scene With Taylor Kitsch

The studio has been upfront about the fact that tracking has been soft and is predicting an opening in the $10 million range. Other box-office observers believe Savages could do more and end up in a race with Part of Me, though neither is expected to outshine holdovers Ted and Magic Mike.

Savages, set mostly in Laguna Beach, is based on Don Winslow's best-selling novel about two young pot growers whose shared girlfriend is kidnapped by a Mexican drug cartel.

Universal and Relativity Media partnered in financing the $45 million pic and are hopeful that Savages will dig in and have a long run.

comments powered by Disqus