Box Office Report: Argo Outshines Four Newcomers


WINNER OF THE WEEK:Stalwart 70s Spies. Hanging in there and holding onto most of its audience for three weeks finally paid off forArgo, which ascended from second place to the top spot this week, outshining four new wide releases. Credit good reviews and strong word-of-mouth, the kind of assets that attract older viewers. After its strong opening two weekends ago, the Ben Affleck spy thriller/showbiz spoof lost just 15 percent of its audience last week and just 25 percent more this week, for an estimated take of $12.4 million and a 17-day total of $60.8 million.

LOSER OF THE WEEK:Eye-grabbing visuals. With four new wide releases this week, the competition was bound to be ugly, but pretty much every new film underperformed expectations, even though some of them are stunning to look at. First among the disappointments wasCloud Atlas, which was always going to be a tough sell, even with Tom Hanks and Halle Berry in the cast. Its time-hopping narrative and heavy dollops of philosophy were bound to confuse many (including critics, who gave it positive-to-mixed reviews), and its nearly three-hour running time meant fewer showings per day. Still, most pundits expected it to open around $12 or $13 million, but according to estimates, it didnt even break 10. Instead, it opened in third place with an estimated$9.4 million.

Thats still better than horror/videogame sequelSilent Hill: Revelation 3D. Some experts thought it would win the weekend; most expected it to earn at least $14 million. But it scared up just $8.0 million, according to estimates, landing in a virtual tie for fifth place with four-week oldTaken 2. (Rounding out the top five: Kiddie horror comedyHotel Transylvaniacontinued to be the top Halloween pick, earning an estimated $9.5 million and a second-place finish. Last weeks champ:Paranormal Activity 4, suffered poor word-of-mouth and fell a frightful 70 percent to $8.7 million, landing in fourth place.)

The weekends other two new releases barely limped onto the chart. With Halloween comedyFun Size, Victoria Justice learned what Selena Gomez and Hilary Duff before her have learned: that tween TV stardom doesnt necessarily translate to movie stardom. The film earned an estimated $4.1 million and debuted in tenth place. AndChasing Mavericks, which boasted striking-looking surfing sequences and a lead performance by Gerard Butler, rode the tide in to No. 13 with an estimated $2.2 million.

CLOUD-Y FORECAST:DoesCloud Atlascount as an independent movie? Its $100 million budget came from investors outside the studio system, with Warner Bros. coming in at the end to distribute the completed film. So technically it counts, but its certainly an anomaly, despite a recentBusinessweek articlesuggesting its a model for how to revive the struggling indie film industry. (By Businessweeks logic, George Lucas self-financed, Fox-distributed, mega-budgetedStar Warsprequels would all be considered indie films.) The other films citied in the article, including recent hitsMagic MikeandEnd of Watch, are more traditional indies, shot on the cheap, with increased creative freedom as a trade-off for lavish funding.Not thatCloud Atlas trio of directors (Andy and Lana Wachowski and Tom Tykwer) seem to have sacrificed any creative freedom, but nine-figure indies characterized by the epic scope and top-notch visual effects of a studio summer blockbuster are always going to be the exception, not the norm. The one thing that is truly indie about the production is its directors refusal to abide by formula. Without that, Hanks noted recently, were sitting here talking aboutForrest Gump 6, which is a lot better thanForrest Gump 5. Who wants to do that for the rest of their lives?

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