What I'm Trading

Sunday, April 25, 2010

What We've Learned this Weekend: 4/25/10

There's a saying that goes something like "No one has ever gone broke underestimating the taste of the American public." Or something like that. Such has been proven with this lackluster weekend at the North American box office.


Do I have sour grapes about THE LOSERS staggering to the weekend tape with a paltry estimated $9.6 mil for fourth place? Absolutely. That movie is the type of fun, disposable action-lite movie 

that tends to do pretty well two months from now. 
 

With the HSX common multiplier of a movie's 4 week box office performance averaging out to 2.7 times its opening weekend gross, that puts THE LOSERS well short of my average long of $42. Sad to say, I will be reducing most of my exposure to it, if not all (word of mouth has been strong online, yet not translated to box office receipts. Hmm...).

But then you have J-Lo and her horrendously marketed THE BACK-UP PLAN. It's one of those "high concept" comedies that featured nary a single laugh in any of its ubiquitous trailers and commercials. And when you see the movie, it's all that you're scared it would be: less-than-sporadically amusing, tortured dialogue, and somewhat chemistry-free. I will say this for CBS (Films): they are committed to their stars. Consider this Alex O'Loughlin's third failed pilot.

True, THE BACK-UP PLAN is estimated at north of $12 mil this weekend. But that multiplier only spells out to $32 mil in 4 weeks, so I feel okay about still shorting it at $30. Once word gets out how wack it is after this weekend, it will precipitously drop. Expect about $27 mil overall, despite having the big name rom-com landscape all to itself.

But look at HOW TO TRAIN YOUR DRAGON go! I only wish I could've gone even longer on this film. I love this film. It is a visual and storytelling delight. Even on a weekend where the American public got it wrong, they can still get some things right. We just can't make any money off them.

And a shout-out to OCEANS! With a four day opening gross of $8.46 estimated, that 2.7 multiplier has us sitting pretty at $22.8 in 24. Not a bad pick-up for long at $12, eh?

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