Box Office Week: Spider-man: Homecoming takes #1 with a great $117M. Wonder Woman passes $386M domestic making it the 10th highest grossing superhero film and the 2nd highest grossing superhero origin film. The Big Sick continues to expand well, making $3.6M in just 326 theaters.

Rank Title Domestic Gross (Weekend) Worldwide Gross (Cume) Week #
1 Spider-Man: Homecoming $117,015,000 $257,015,000 1
2 Despicable Me 3 $33,998,875 $447,589,535 2
3 Baby Driver $12,750,000 $70,883,072 2
4 Wonder Woman $10,135,000 $745,786,191 6
5 Transformers: The Last Knight $6,300,000 $494,616,760 3

Notable Box Office Stories:

  • Let's face it the existence of Spider-Man: Homecoming is bizarre in a myriad of ways so a lot of comparisons I'm about to say for the film are going to be a little hard to categorize on a one to one basis. The film opened at #1 to $117M, making it the third best opening of the year under Guardians of the Galaxy Vol. 2 and Beauty and the Beast. Interestingly the film seemed more front-loaded than expected, as it scored a massive $50M Friday but failed to reach the $120M+ predictors thought that would imply. It'll be interesting to watch the film's domestic legs from here on because of that but the drop wasn't too extreme that I would be worried, more the core audience inflated early numbers while seeing the hesitancy from general audiences that probably still exists after the poor performance of Amazing Spider-man 2. Speaking of, this opening is now the second highest opening for a Spider-man film, behind Spider-man 3 ($151M). This where the comparison issue starts because on the one hand that sounds great, but it's just barely above Spider-Man '02 which opened 15 years ago (FEEL OLD) and Homecoming has the benefit of having Iron Man in it. That's the second weird comparison, as Homecoming is now technically the biggest debut film in MCU history, topping both Iron Man ($98M) and Guardians of the Galaxy ($94M). However technically this iteration of Spider-man debuted in Captain America: Civil War and while this film isn't a full team up movie like that film it does feel like you could call it Spider-man: Homecoming (ft. Iron Man). So if these comparisons fail all I can really go to is what Marvel/Sony must be thinking and on that front I think they think it's a huge success. Sony, while still clearly trying to figure out this weird split custody thing, is very happy to have at least something Spider-Man related performing like the Rami era, and while it may not reach those heights at the very least I don't think we'll be seeing a disasterous performance like the 2.1x multiplier Amazing Spider-man 2 had. As for Marvel this makes 16 straight #1 openers in a row, was really well liked, and a great template for how they may reintegrate the last remaining Marvel properties they don't still own (which is what really matters since all profits apparently will go to Sony). Not to mention overseas the film opened to $140M internationally (and that's before the Chinese release) including an impressive $25M debut in South Korea. Ultimately Spider-man Homecoming may not be the highest heights a Spidey film could reach, but it's a damn fine start to what seemed on paper like a potentially disasterous project at a time when it feels like fatigue for yet another Spider-man could be at its peak.

  • I know I've talked about it a lot but the domestic performance for Wonder Woman has been so damn good (and there's frankly so few other box office stories this week) I just can't help coming back to it. Once again the film had an incredible weekend which saw it holding on to the #4 slot (Transformers: The Last Knight notably dropped from #3 to #5) with $10.1M, dropping just 35% despite having direct superhero competition this week. The lifetime domestic gross of Wonder Woman now stands at $368M, pushing it passed the gross of Deadpool making it domestically the 10th highest superhero film ever and the 2nd highest grossing superhero origin film. The film is also currently tracking slightly above Guardians of the Galaxy Vol. 2 so there's a good chance we could actually be looking at it passing $400M, especially if WB does any sort of major re-release to push it over the edge a few months from now. The film has also surpassed the lifetime worldwide gross of Suicide Squad, making it the second highest grossing DCEU film overall. This has just been a fascinating film to watch, particularly in the days of extremely rapid declines for franchise fare (the previously mentioned Transformers: TLK has dropped 62% the last two weekends) and shows that word of mouth still has a massive stake in the lifetime gross of a property.

  • Well I think it's safe to say we won't be seeing the "Steve Jobs Effect" with The Big Sick as the film saw it's final small expansion before it goes wide next week. This weekend the film showed in 326 theaters and managed to reach #8 with $3.6M, an incredible per theater average of $11,196. If you are wondering what the Steve Jobs Effect is, it refers to the 2015 film Steve Jobs which had a pre-wide release per theater average of $25K but only opened wide to #7 with $7M. It can be the case that a film shows huge numbers in the costal big cities but when expanding to the rest of the country sees a complete lack of interest. Thankfully I think with this small-mid range level opening makes it clear that this is a film tapping into a larger cultural moment and any lingering issues about the subject matter are just not to be worried about. I think a big boon for this film, and why I'm expecting it not to suffer the SJE, is that the country is extremely starved for a good romantic comedy. Not only is The Big Sick one of the best reviewed films of the year, it's the only romantic comedy that's getting a wide release for the entire summer. The genre has been so destroyed by cheap cash grabs and gimmick films that I think a really good one will break through the mold, especially for those who don't want to see teenagers with spider powers and post apocalyptic apes v. human wars or at least an alternative after seeing said films. I'll discuss more about the Amazon v Netflix release strategies next week, but clearly Amazon has found a complete absence in a film genre that Hollywood just isn't even attempting to fill right now and we'll see next week just how big of an absence that is.

Films Reddit Wants to Follow

This is a segment where we keep a weekly tally of currently showing films that aren't in the Top 5 that fellow redditors want updates on. If you'd like me to add a film to this chart, make a comment in this thread.

Title Domestic Gross (Cume) Worldwide Gross (Cume) Budget Week #
Beauty and the Beast (2017) $503,976,432 $1,260,876,432 $160M 17
The Fate of the Furious $225,704,665 $1,238,704,665 $250M 13
Guardians of the Galaxy Vol. 2 $385,546,006 $857,745,049 $200M 10

Notable Film Closings

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