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Slideshow Weinstein Co sees "Nine" losing ground at theaters Alex Dobuzinskis LOS ANGELES Tue Dec 29, 2009 7:14pm EST Related News "Avatar" could get nine Oscar nominations Tue, Dec 22 2009 Top 10 movie flops of the decade Fri, Nov 27 2009 "Milk" named best picture by NY film critics Wed, Dec 10 2008 LOS ANGELES (Reuters) - It gained early success on the awards circuit, but the star-studded musical "Nine" will likely be pulled back from hundreds of smaller U.S. cities, after disappointing box office and lackluster reviews. Entertainment | Film After playing in 1,400 screens last weekend, the Weinstein Company, which is behind "Nine", said on Tuesday it expects the movie to play in 800-900 screens in big U.S. cities in coming weeks. "The movie is performing very well on about 890 key screens," David Glasser, an operations executive for the independent Weinstein Company told Reuters. "The movie's doing well in those areas and obviously in some smaller cities, it was not doing as well," Glasser said, adding that the studio expected "Nine" to perform well in the weeks ahead. "Nine" was one of the most anticipated movies of the year and cost an estimated $64 million to produce. But it finished eighth at the North American box office on its second week last weekend with a modest $5.5 million in ticket sales. The poor showing came despite five Golden Globe nominations for the Federico Fellini-inspired song and dance spectacular whose cast includes Oscar winners Daniel Day-Lewis, Marion Cotillard, Penelope Cruz, Sophia Loren, Judi Dench and Nicole Kidman. Harvey Weinstein, who earlier this year sought restructuring advice for his cash-strapped independent Weinstein Company, has long made a strategy of turning awards show buzz into box office success. Movie industry watchers had expected "Nine" to finish in the top five over the Christmas holiday weekend in a crowded field that included action films "Avatar" and "Sherlock Holmes." "Nine" opened in limited U.S. release on December 18 and expanded widely on December 25. "It's got to be a major blow to their strategy," said Larry Gerbrandt, principal with Media Valuation Partners. "(Weinstein) really needed this to work. I don't know if the blow is fatal or not, but this is certainly a setback," he said of the box office figures. The film, based on an award-winning Broadway stage musical, follows an Italian movie director through a mid-life career and personal crisis and his entanglements with women. Two weeks ago it got five Golden Globe and two Screen Actors Guild nominations. But it left movie critics unimpressed, earning a meager 37 percent approval rating at review aggregating website rottentomatoes.com. Movie goers have been kinder. Show business buzz tracker Fizziolo.gy reported nearly 50 percent of the 12,500 messages posted online about "Nine" fall into the "positive" category. Success at the Golden Globes and the Screen Actors Guild awards shows in January is widely seen as a precursor to an Oscar nomination in February. But Pete Hammond at the Los Angeles Times awards show tracker "The Envelope" wrote that "Nine's" poor box office could hurt its chances for a best picture Oscar nod. "It may take all of Harvey Weinstein's considerable magic touch with Oscar to pull this one out of the hat," Hammond wrote. (Editing by Jill Serjeant) Entertainment Film More from Reuters Obama blames "systemic failures" for plane attack KANEOHE, Hawaii (Reuters) - President Barack Obama on Tuesday blamed "human and systemic failures" for allowing a botched Christmas Day attack aboard a Detroit-bound airliner and a U.S. official said the incident was linked to al Qaeda. | Video Asia stocks fade at year-end | Video Japan sets long-term economic goals, meets skepticism GMAC to get $3.5 billion in added aid from government: report Oil steady as crude stockbuild offsets fuel drop Dollar gains on yen as rate path seen set to diverge » More Top News Toyko trade gets turbocharged The "Arrowhead" gives Asia's largest -- and long derided -- bourse a viable electronic trading platform, it hopes. Full Article Thai bourse to cut brokerage fees Mexico promotes bourse, IPOs scarce Global Markets JAMES SAFT: Welcome to the "Teenies" Shrinking financial sector? Paltry investment returns? Welcome to the the next decade. 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Commentary Why credit-card rates won't be capped COMMENTARY © Copyright 2009 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.com Buyouts Europe: Buyouts Conferences: Venture Capital Journal ECVJ International Financing Review International Securitisation Report 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. 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