Box Office: 'Wall Street: Money Never Sleeps' closes trading at just $19 million
Disney gets out of the romantic comedy business with 'You Again'
Shia LaBeouf in "Wall Street: Money Never Sleeps."
In financial terms, "Wall Street: Money Never Sleeps" opened to a good $19 million and the top slot at this weekend's box office, but if the movie were a stock after hours trading would be bad for the 20th Century Fox drama. Oliver Stone's sequel to his 1987 hit was actually expected to perform in the mid to high 20's. Instead, Hollywood insiders were puzzled at what is Shia LaBeouf's lowest opening since the animated "Surf's Up" in 2007. The issue? Turns out LaBeouf wasn't able to bring in the younger audiences as anticipated. Instead, over 60% of the film's ticketbuyers were over 35. So much for pre-release polling.
Soaring into the second slot was Zack Snyder's "Legend of the Guardians" with $16.3 million. Considering the inflated 3-D and IMAX tickets prices associated with the animated adventure, Warner Bros. has to be a bit underwhelmed by the Owl adventure's first solo flight.
What WB can be happy this weekend is Ben Affleck's "The Town" which dropped only 33% from its debut with another $16 million. The critically acclaimed thriller has an impressive10 day cume of $49 million which is already double the final gross of Affleck's "Gone Baby Gone."
Also falling just under 40% was Emma Stone's "Easy A" which found another $10.7 million and a new gross of $44 million. That has to be a bit of a relief for Screen Gems which was already facing criticism for the films lower than expected debut.
Putting Walt Disney's most recent romantic comedy and Kristen Bell era to rest was "You Again" which bombed with just $8.3 million. The studio's new management currently has no plans on returning to the genre anytime soon, but perhaps not limiting the film to a PG rating was part of the problem? We believe PG-13 can work for the Walt Disney brand, don't you?
Next week's new releases include "The Social Network" and "Let Me In."
Final box office results are released on Monday.
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September 26, 2010 at 3:25PM EST Reply to CommentThis is priceless! Article today:
Oliver Stone Called. He Wants to See Your Movie.
Indie Film Director, Sandra Mohr, gets a phone call from Oliver Stone while at Disneyland.
Hollywood, CA.--The buzz has been building around the issue of short selling ever since investors saw the collapse of the stock market in early 2009. Director Sandra Mohr decided to make a movie about it. "We knew we were onto something when Oliver Stone's office called and asked to see the movie," says the "Stock Shock" director. "We were at Disneyland celebrating the completion of the film and, while in line for the submarine ride, got the call saying Oliver Stone wanted to see our movie about naked short selling. We literally had to have someone break into the office to get the DVD delivered immediately to the famous director."
"Stock Shock" is a documentary film that focuses on market manipulation and uses Sirius XM (SIRI) as a case study. In a short sale, an investor borrows stock and sells it in the hope that its price will drop. If it does, the seller profits when he buys back the stock at a lower price and returns the borrowed shares. As short sellers targeted shares of Sirius XM, the stock plummeted to a horrifying low of 5 cents/share in February 2009, leaving an estimated one million Sirius XM investors with their dreams shattered and their investment accounts emptied. Sirius XM had traded at a high of 9.00/share.
"I thought Oliver Stone might want to see the movie because it makes the concept of short selling very easy to understand," says the director, "though I must admit, I was hoping he would include our documentary on his 'Wall Street 2 DVD release!'"
As does "Wall Street 2: Money Never Sleeps" (starring Michael Douglas and Shia LaBeouf) "Stock Shock" lays out a compelling case proving the stock of a company can be heavily manipulated, both through naked shorting and also through more standard manipulation tactics.
Stock Shock first screened Sunset Blvd. in Hollywood at the Women's International Film Festival. The movie attracted a distributor and is available directly from www.StockShockMovie.com.