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Saturday 6 January 2018

2017 box office review


2017 was another banner year for Disney with six of the 20 most successful films of the year, including five of the top 10!

The live-action remake of Beauty & The Beast was the worldwide number 1, hauling in more than $1.2bn. It took £72.4m in the UK, holding the weekly number one spot for three weekends. As 2017 closed out, its top position in the UK came under threat from The Last Jedi. Belle and her beastly partner finished second in the US chart and finished fourth on the international chart. The only territory that the film didn’t perform to an exceptionally high level was China, where it pulled in just less than $86m.

The Fate of the Furious drove off with the worldwide number two and international number one position at $1.2bn and $1bn respectively: that’s right, Fate’s performance was very heavily skewed to the international and Chinese markets – its $225m US take is not to be sniffed at, but its biggest single market was China with nearly $400m. So, the eighth instalment in the franchise was slightly bigger than the previous series high in China, but in the US fell behind the seventh and sixth films.

The ninth and 10th films are already on the slate for 2020 and 2021 in case you’re suffering withdrawal symptoms…

The eighth part of the Star Wars saga gatecrashed the charts in the final fortnight of the year. While not the once-in-a-generation phenomenon that Force Awakens was, Last Jedi easily dominated screens and the box office, just nabbing third place worldwide on new year’s eve as it crossed the $1bn mark. It topped the US chart with $517.4m, was eighth internationally on $523m (noticeably driven by the traditional international markets like the UK, Germany and France), and just fell short of catching Belle in the UK with £68.3m. It will be released in China in early 2018.

The world’s fourth most successful film performed in much the same way as Fate: Despicable Me 3’s total of $1bn included a 28% fall from the previous film in the US to $264.6m as the international haul increased 28% to nearly $800m. It ranked fourth in the UK and 13th in China.

Less than $100m separated the next six films on the chart. The Marvel-produced but Sony-owned-and-distributed Spider-Man ended the year as the most successful comic book adaptation with $880m worldwide: it crossed the $300m barrier in the US, the £30m barrier in the UK and the $500m barrier internationally.

Next up is Wolf Warrior 2, a Chinese megahit that took more than $800m in China alone.

Marvel Studios’ Guardians 2 and Thor 3 were neck-and-neck. Overall Thor was more successful internationally, but Guardians trumped the Thunder God in both the US and the UK.

While only the fourth most financially successful comic book movie, Wonder Woman was undoubtedly the best to watch and the most culturally significant. It rode a wave of female empowerment in the US, pocketing more than $400m; however, it couldn’t hope to perform as well internationally – the character isn’t that well known – but it still pulled in another $409m. Diana didn’t seem to catch fire with UK audiences in the same way as in the US: I can’t put my finger on the reason why. Nevertheless, a total of £22m in the UK isn’t to be sniffed at.

The fifth Pirates movie, like its predecessor, relied heavily on the international market, which contributed more than 75% of its worldwide take.

Alongside Wonder Woman, the other shock performer was It: nearly $700m worldwide (without securing a release in China) off a budget of just $35m meant somebody took home a huge xmas bonus. It grossed more than Thor 3 in the US and the UK (nobody would have offered you odds on that at the start of the year)!

The comic book disappointment of the year is next: Justice League earned less than Wonder Woman, its gross at the $650m mark as 2017 finished. The League failed to make the UK top 20, and struggled to match Logan in the US (which was R-rated!). Again, nobody would have given you odds on that a year ago! Next for DC is Aquaman in time for Xmas 2018.

Among the remainder of the worldwide top 25, the other performances worthy of mention are: Dunkirk, with $525m, nearly one sixth of which came from the UK (where it spent four weeks at number one in the height of the summer); Pixar’s Coco ended the year with more than $500m in the bank and has yet to open in many traditional box office strongholds; and La La Land, singing and dancing to more than $400m (including £30m from the UK).

Aside from the Last Jedi, other films were just beginning to make their presence felt as the year ended: Jumanji made the top 25 in both the UK and the US after less than a fortnight on release; and Paddington 2 picked up where its predecessor left off and was closing in on the £40m mark as 2018 started.

It should be noted that the top four international performers in 2017 beat 2016’s champ, Captain America: Civil War.

In many traditional key markets, the question now is whether franchise fatigue has set in.
50 Shades Darker whipped up one third less of a frenzy than the first entry in the series (yet still pulled in more than £23m in the UK).

War for the Planet of the Apes performed only marginally better than the first instalment of the new trilogy from 2011 ($490m against $492m) and fell substantially short of the peak reached by the second film in 2014 ($710.6m).

Pirates 5 was the lowest entry in the franchise in the US and the UK. Indeed, across eight of the largest territories (Australia, Brazil, France, Germany, Japan, Mexico, Russia and the UK), Pirates 5’s total was just $225m against Pirates 4’s $423m…

Transformers: Last Knight’s worldwide haul was 45% lower than its $1bn predecessor. Its top nine traditional markets generated just $125m compared with $292m from its predecessor.
In both cases, China saved the day, generating $172m and nearly $229m respectively.

China was the single largest territory for the likes of Kong: Skull Island (nearly 30% of its worldwide total), XXX3 (47%) and Resident Evil: Final Chapter (51%).

But in some cases, even China couldn’t save the day. Yes, it’s time to talk about those embarrassing flops. Probably the worst case was Guy Ritchie’s King Arthur: with a budget of $175m, it pulled in less than $150m worldwide. Following on the back of the Man from UNCLE, Ritchie needs a proper hit – and he’s guaranteed it, as he’s in the hot seat for the live action remake of Aladdin, due for release in 2019.

Luc Besson went from feast to famine, from Lucy’s $463m off a budget of $40m in 2014 to the disaster that was Valerian and the City of A Thousand Planets: with a budget of $177m, it took just $225m.

The Tom Cruise-fronted Mummy was meant to launch Universal’s Dark Universe, and while $409m would seem OK for an entirely new and original franchise launch, for an age-old property that cost £125m and was fronted by Tom Cruise, it’s simply not enough. The film’s largest single territory was China with $91.7m. Like Transformers 5, The Mummy couldn’t clear the £10m barrier in the UK.
Ghost In The Shell cost $110m and generated just less than $170m, while the Dark Tower pulled in nearly $112m off a positively modest $60m budget.

Blade Runner 2049 cost $150m and fell just short of $260m, and thus a little too closely mirrored the financial performance of its illustrious origin.

On a more positive note, the most successful truly original films (ie not based on an existing story or characters, fictional or not) were La La Land, Sing (a holdover from 2016 into 2017), Split ($278.3m) and Get Out ($254.3m, most of that from the US it should be noted). Indeed, the top three horror films of the year (It, Split and Get Out) cost a total of $48.5m and generated a total box office of more than $1.2bn!

Worldwide Top 25 in 2017
Beauty & The Beast $1,263.5m
The Fate of the Furious $1,235.8m
Star Wars: The Last Jedi $1,040.2m
Despicable Me 3 $1,033.5m
Spider-Man: Homecoming $880.2m
Wolf Warrior 2 $870.3m
Guardians of the Galaxy 2 $863.6m
Thor: Ragnarok $848.5m
Wonder Woman $821.8m
Pirates 5 $794.8m
It $698.1m
Justice League $650.5m
Logan $616.8m
Transformers: Last Knight $605.4m
Kong: Skull Island $566.7m
Coco $547.4m
Dunkirk $525m
The Boss Baby $498.9m         
War for the Planet of the Apes $490.7m
The Mummy $409.1m
La La Land $404.2m         
Kingsman 2 $395.5m
Cars 3 $383.5m
Sing $381.5m
50 Shades Darker $381m

UK Top 25 in 2017
Beauty & The Beast £72.4m
Star Wars: The Last Jedi £68.3m
Dunkirk £56.7m
Despicable Me 3 £47.7m
Guardians of the Galaxy Vol 2 £41m
Paddington 2 £37.6m
It £32.3m
Thor: Ragnarok £30.9m
Spider-Man: Homecoming £30.5m
La La Land £30.4m
Fast & Furious 8 £29.6m
Sing £29.2m
Boss Baby £29.1m
The Lego Batman Movie £27.4m
Kingsman 2 £24.9m
Logan £23.9m
Murder On The Orient Express £23.9m
Fifty Shades Darker £23.1m
Wonder Woman £22.2m
War for the Planet of the Apes £20.8m
Pirates 5 £19.5m
Blade Runner 2049 £19m
Jumanji £17.8m
Justice League £17.4m
T2 Trainspotting £17m

International Top 25 in 2017
The Fate of the Furious $1,010m
Wolf Warrior 2 $867.6m
Despicable Me 3 $768.9m
Beauty & The Beast $759.5m
Pirates 5 $622.2m
Spider-Man: Homecoming $546m
Thor: Ragnarok $537.3m
Star Wars: The Last Jedi $523m
Transformers: The Last Knight $475.3m
Guardians of the Galaxy $473.8m
Justice League $425m
Wonder Woman $409.2m
Kong: Skull Island $398.6m
Logan $390.5m
It $370.6m
Coco $367.6m
Your Name $350.3m
War for the Planet of the Apes $343.8m
Dunkirk $337m
Never Say Die $333.9m
The Mummy $329m
The Boss Baby $323.9m
XXX 3 $301.2m
Kingsman 2 $295.3m
Resident Evil: The Final Chapter $285.4m

US Top 25 in 2017
Star Wars: The Last Jedi $517.2m
Beauty & The Beast $504m
Wonder Woman $412.6m
Guardians of the Galaxy 2 $389.8m
Spider-Man: Homecoming $334.2m
It $327.5m
Thor: Ragnarok $311.2m
Despicable Me 3 $264.6m
Logan $226.3m
The Fate of the Furious $225.8m
Justice League $225.5m
Dunkirk $188m
Coco $179.8m
The Lego Batman Movie $175.8m
Get Out $175.5m
The Boss Baby $175m
Pirates 5 $172.6m
Jumanji $169m
Kong: Skull Island $168.1m
Hidden Figures $167.4m
Cars 3 $152.9m
War for the Planet of the Apes $146.9m
Split $138.1m
Transformers: The Last Knight $130.2m
Rogue One $123.9m

China Top 25 in 2017
Wolf Warrior 2 $854.2m
The Fate of the Furious $392.8m
Never Say Die $333.9m                                             
Kung Fu Yoga $254.5m
Journey to the West: The Demons Strike Back $239.6m
Transformers: The Last Knight $228.8m
Dangal $193.1m
Pirates 5 $172.3m
Kong: Skull Island $168.2m
Coco $167.1m
XXX 3 $164.1m
Resident Evil: Final Chapter $159.5m
Despicable Me 3 $158.2m
Duckweed $152.4m
Youth $125.8m
Kingsman 2 $116.7m
Spider-Man: Homecoming $116.3m
War for the Planet of the Apes $112.4m
Thor: Ragnarok $112.2m
Buddies In India $109.8m
Logan $106m
Justice League $104.9m
Wukong $103.5m
Guardians of the Galaxy 2 $100.7m
The Mummy $91.7m


Box office data sourced from Boxofficemojo.com, Screendaily.com and the BFI

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