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Tuesday, 20 April 2010 - Dragon testifies to box office life after opening |
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    Edition: U.S. Article Save Email Print Reprints Most Popular Most Shared WRAPUP 5-Some flights resume in Europe, ash cloud disrupts 8:53am EDT Arizona passes tough illegal immigration law 19 Apr 2010 Iranian missile may be able to hit U.S. by 2015 19 Apr 2010 Few flights resume in Europe, new ash cloud reported | Video 8:52am EDT Google cyberattack hit password system: report 8:05am EDT Arizona passes tough illegal immigration law 19 Apr 2010 Iranian missile may be able to hit U.S. by 2015 19 Apr 2010 Civil rights leader Dorothy Height dies at 98 8:36am EDT P&G faces growing backlash over updated Pampers 19 Apr 2010 Google cyberattack hit password system: report 8:05am EDT Pictures Country Music Awards Highlights from the Academy of Country Music Awards.  Slideshow  "Dragon" testifies to box office life after opening Alex Dobuzinskis LOS ANGELES Mon Apr 19, 2010 9:36pm EDT Related News Final tally puts "Kick-Ass" atop box office Mon, Apr 19 2010 Final tally puts "Kick-Ass" atop box office Mon, Apr 19 2010 "Dragon" edges out "Kick-Ass" at box office Sun, Apr 18 2010 "Date Night" ekes out disputed box office win Sun, Apr 11 2010 "Date Night" takes early lead at box office Sat, Apr 10 2010 Actors (L-R) Christopher Mintz-Plasse, Chloe Moretz, and Aaron Johnson pose for a portrait during a media day promoting the film ''Kick-Ass'' in New York April 8, 2010. Credit: Reuters/Lucas Jackson LOS ANGELES (Reuters) - DreamWorks Animation's "How to Train Your Dragon" is about mythical creatures, but the film's box office performance owes more to the turtle and the hare, as it shows the race does not always go to the swift. Entertainment  |  Film The film about a Viking who domesticates a dragon had been expected to open in the $65 million to $70 million range the weekend of March 26-28. When it made $43.3 million, many Hollywood watchers viewed that as a disappointment. But since then, "Dragon" has become one of the most consistent box office performers of recent months, dropping only 21 percent this past weekend compared to the previous weekend, to rake in $19.6 million. Box office analysts said "Dragon" and even the record-breaking "Avatar" show that judging a film's ultimate performance by its opening weekend can be a losing game. In this era of social-networking websites, audiences' reaction to movies they enjoy can markedly reverse the box office fortune of films, analysts said. "You can sometimes buy your way to a huge opening weekend with a massive marketing campaign, what you can't buy is word-of-mouth," said Paul Dergarabedian, president of tracking firm Hollywood.com Box Office. DreamWorks Animation SKG Inc suffered an 8 percent drop in its share price to $39.34 the day after "Dragon's" opening weekend. The stock has not fully recovered from that plummet, but on Monday it closed up 2.4 percent to $41.57. BETTER THAN 'MONSTERS'? So far, "Dragon" has made $335.3 million in worldwide ticket sales, according to tracking firm Box Office Mojo. DreamWorks chief executive Jeffrey Katzenberg told Reuters on Thursday that it was still too early to tell if "Dragon" would beat the $381.5 million in ticket sales for the company's 2008 hit "Monsters vs. Aliens." "Certainly the performance of ('Dragon,') subsequent to its opening weekend, which was a little soft, has been great and was very promising," Katzenberg said. "That's word-of-mouth, and I think the quality of the film and the reviews and how much people loved it really kicked into gear," he said. Marla Backer, an analyst with Hudson Square Research, said on Monday that the staying power of "Dragon" indicates it will likely outperform "Monsters." "Generally it's premature to count a film out after the first weekend, unless it's really significantly off from expectations," Backer said. Movies typically drop about 40 to 50 percent from their first to second weekend, Dergarabedian said. But a number of recent films have done better than analysts had expected based on their opening. Dergarabedian pointed to last year's action movie "Taken," which opened to only $24.7 million in the U.S. and Canada but showed holding power, and ended with $145 million. And "Avatar's" record-breaking $2.7 billion performance at worldwide box offices could not have been predicted from its opening tally of more than $230 million, analysts said. It remains to be seen if Lions Gate Entertainment Corp's action comedy "Kick-Ass" can overcome a lower-than-expected opening. The film made $19.8 million and edged out "How to Train Your Dragon" this past weekend in the second photo-finish in a row in the race for the No. 1 spot. The studio says that exit polling shows that audiences liked "Kick-Ass." And despite a scathing review from Roger Ebert, the film has a 78 percent approval rating from critics at the website RottenTomatoes.com. (Editing by Dean Goodman) Entertainment Film More from Reuters Laurence Fishburne staying on "CSI" LOS ANGELES (Hollywood Reporter) - The leader of the "CSI" team will stay in charge for another year. "Sex and the City 2" tickets already a hot item Brother of "Precious" star apologizes for abuse Judge rejects Carly Simon suit against Starbucks Teen actress flexes muscles in "Kick-Ass" "Dragon" testifies to box office life after opening » More Top News Few flights resume in Europe European airports made tentative steps toward resuming flights, but much airspace stayed closed after reports of a new plume.  Full Article | Video  Live Coverage: Air traffic developments Factbox: Closed airports and airspace Slideshow: Iceland's volcanic ash Natural Disasters Reuters Breakingviews: Stop worrying, love the volcano Sure, it’s been tough on industries but for the rest of us, is missing that meeting or being stranded somewhere nice such a bad thing?  Commentary  How have you been affected? Video: Cashing in on ash crisis Witness: An act of God? World © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index   Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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