‘Guardians of the Galaxy Vol. 2’ About to Become Second Most Successful Movie of 2017
Buena Vista Studios' "Guardians of the Galaxy Vol. 2" is expected to win the box office race again in its second weekend of release. The film is on track to be 2017's second-highest grossing film to date.
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Walt Disney Co.’s (NYSE: DIS) Buena Vista Studios is on track to see its “Guardians of the Galaxy Vol. 2” become the second-highest grossing movie so far this year. On its opening weekend two weeks ago, the film grossed $199.6 million.
With “Guardian’s” second weekend expected to gross another $63 million, the film would pass both Universal’s “The Fate of the Furious ($211.1 million) and Fox’s “Logan” ($225.3 million) as the second highest grossing film of the year after just two weeks in wide release. The top-grossing movie of the year so far is Buena Vista’s “Beauty and the Beast” with more than $490 million in box office receipts.
BoxOfficeMojo has forecast that “Guardians” will do better than the average 57l.4% drop between opening and second weekend receipts for the four films in its Marvel First Sequels competition. “Avengers: Age of Ultron” grossed nearly $290 million in its first two weekends of release in 2015, more than double the box office of the current second-place “Captain America 2” which grossed more than $136 million in its first two weekends.
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Adding in foreign box office sales of more than $326 million, “Guardians 2” grossed over $525 million in its first weekend of worldwide release. The film opens in Japan this weekend which should push the worldwide total up nicely.
Among the films in the Marvel Cinematic Universe, the first Guardians movie, “Guardians of the Galaxy,” grossed a worldwide total of $773.3 million, but its U.S.opening weekend gross of $94.3 million is well below the $146 million posted last weekend by “Guardians 2.”
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
