Amazing opening results for Star Wars and the film hasn’t even opened in China yet!! This has to be good news for SKX.
Chris
‘Star Wars’ closes in on all-time domestic box office record
LOS ANGELES – “Star Wars: The Force Awakens” marched confidently into the new year, raking in an additional $88.3 million over the New Year’s weekend and topping the box office for a third week, according to studio estimates Sunday.
In addition to setting a new high mark in New Year’s box office history, the record-busting film blew past the domestic grosses of both “Jurassic World” ($652.3 million) and “Titanic” ($658.7 million) to become the second-highest earner of all time with $740.3 million in just 19 days of release.
The top domestic film is “Avatar” with a $760.5 million lifetime domestic gross, but “Star Wars” is barreling in to surpass it soon. For context, it took “Avatar” 72 days to reach $700 million. “Star Wars” did that in 16 days.
Internationally, “Star Wars” earned $96.3 million this weekend, boosting its global total to $184.6 million. The film opens in China on Jan. 9.
I think it’s good news for DIS. My #1 concern with SKX is what people have been saying about inventory. Now if that inventory is a bunch of Star Wars toddler and little kid/big kid shoes then maybe it’s not much to worry over.
Those are impressive numbers but I really wish they would release the number of tickets sold. Total sales don’t mean much when you take into consideration that tickets are a lot more expensive today then they were 5 or 10 years ago.
Not perfect, since there’s something to be said about people being willing to pay a premium for IMAX/3D, but it pretty accurately depicts a movie’s impact.
Gone with the Wind was released in 1939 and its initial run lasted until 1943. It made 221 million its first year in limited release and then 285 million over its next 3 years in general release to bring its initial 4 year total to 506 million globally. Combining those 4 years it sold 60 million tickets. So over four years it sold 60 million tickets and made $506 million in the US. Let’s compare that to Iron Man 3 that sold roughly 40 million tickets and made 380 million in its first four weeks in the US or The Avengers that sold 50 million and made 532 million and all of a sudden Gone with the Wind isn’t looking all that impressive. So where did the rest of Gone with the Wind’s gross come from? That would be the eight re-releases in 1947, 1954, 1961, 1967, 1971, 1974, 1989, and 1998 which earned the movie its additional 2.8 billion dollars.
The film has been re-released in theaters in the US eight time and made $400 million, which when adjusted for inflation is anywhere between $3 and $5 billion, making it the highest grossing film of all time. It is also believed to be the most watched film of all time, meaning more people bought tickets, regardless of their price, to this film than any other. While it is impossible to know the total number, an estimated 35 million tickets have been sold for theatrical screenings in the UK alone since 1939.