Media

'Focus' Steals Weekend Box Office for Warner

Focus movie photo
Source: Time Warner Inc./Warner Bros.
Following on the huge success of “American Sniper,” Time Warner Inc. (NYSE: TWX) and its Warner Bros. studio took over the top spot in this past weekend’s U.S. box office sweepstakes with an estimated $19.1 million opening for “Focus,” a caper movie starring Will Smith and Margot Robbie that played on 3,323 screens. The film also earned an estimated $12.2 million in foreign ticket sales.

The second-place finisher was “Kingsman: The Secret Service” from Twenty-First Century Fox Inc. (NASDAQ: FOXA) in its third week. The film posted $11.75 million in domestic ticket sales, down 36% from the prior week. In its three-week run, the film has raked in nearly $86 million in U.S. ticket sales and more than $124 million domestically. The film’s production budget was $81 million, according to Box Office Mojo.

“The SpongeBob Movie: Sponge Out of Water” placed third in its fourth week of release, with domestic sales of $11.2 million, down 32.4% from the prior week. The kids’ movie from Viacom Inc. (NASDAQ: VIAB) and its Paramount Studios has grossed $140 million in the United States and another $96.3 million internationally, against a production budget of $74 million.

It looks like the run might be winding down for “Fifty Shades of Grey” from Comcast Corp.’s (NASDAQ: CMCSA) Universal Studios. The film’s $10.93 million weekend was down nearly 51% week-over-week. Domestically the film has pulled in nearly $148 million, less than half its $338.4 million international receipts. Worldwide, the film has grossed $486.2 million and is probably a lock for a $500 million total. The movie’s production budget totaled $40 million.

For the weekend, U.S. moviegoers paid $106.4 million to watch 45 movies. That is down more than 10% week-over-week.

ALSO READ: Star Trek Movie Franchise Reaches $1.2 Billion Ticket Sales

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.