Weekend Box Office Results: 'Bad Grandpa' Crushes 'Gravity' with $32 Million Haul

Viacom stock, Bad Grandpa, Disney stock, Time Warner stock, Sony, News Corp
Image source:

If you ever doubted America's unabated love for raunchy comedy, look no further than this weekend's box office results.

To be sure, the folks at Viacom's (NASDAQ: VIAB  ) Paramount Pictures are laughing all the way to bank after Jackass Presents: Bad Grandpa pulled in a whopping $32 million from domestic audiences over the past three days. For reference, that's more than double the film's modest $15 million production budget, and even handily exceeded Saturday's preliminary weekend estimates, which called for a solid $25 million gross.

For those of you keeping track, Bad Grandpa also absolutely crushed Gravity from Time Warner's (NYSE: TWX  ) Warner Bros, which earned second place here in the U.S. with a respectable $20.3 million weekend box office take. What's more, that makes Bad Grandpa the first movie to successfully snap Gravity's three-weekend winning streak -- a feat Sony  (NYSE: SNE  ) Pictures couldn't manage to achieve with either Captain Phillips or Carrie in their own respective disappointing debuts.

Even still, Captain Phillips managed to take third place by earning around $11.8 million during its third week, bringing its global gross to nearly $97 million so far.

Meanwhile, weekend box office newcomer The Counselor from News Corp's (NASDAQ: NWS  ) 20th Century Fox rounded out fourth place with a dismal $8 million domestic debut, which barely beat the $6.1 million earned by Sony's Cloudy with a Chance of Meatballs 2 in its fifth week.

Gravity is still a winner

But while The Counselor looks like a true flop at this point, remember I also mentioned on Saturday there's no reason to shed any tears for Time Warner.

As of today, Gravity has pulled in an incredible $364.2 million worldwide, albeit on a comparatively enormous production budget of $100 million. Even so, Gravity's fourth weekend domestic sales only dropped 32.4%, a slight acceleration from its 30.5% drop last weekend. For some perspective, note U.S. sales for Sony's Captain Phillips and Carrie each sagged 36.2% and 63.4%, respectively, during their own second weekends.

Here's what's next

Of course, that also begs the question: Will Bad Grandpa be able to maintain its momentum going forward?

I wouldn't count on it, especially considering Lionsgate is bringing the widely anticipated sci-fi thriller Ender's Game to theaters this Friday. And sure, Ender's Game and Bad Grandpa aren't exactly direct competitors, but I wouldn't be the least bit surprised if Bad Grandpa's winning performance this weekend was simply the result of forcing movie-goers to choose from a less-than-stellar slate of contenders.

If that weren't enough, remember two weeks from now we'll be discussing how Disney  (NYSE: DIS  ) fared with the Nov. 8 launch of Thor: The Dark World. It's probably safe to say we shouldn't expect the Marvel sequel to set any Avengers-esque records, but it's worth noting its 2011 predecessor earned a whopping $449.3 million worldwide.

All in all, then, while kudos are definitely in order to Bad Grandpa for a job well done so far, he'd probably do well to enjoy his temporary fame.

Who wouldn't want a super-powered portfolio?
The world can't get enough of superheroes. Super powered movies have been some of the highest-grossing films of all time, and as these franchises continue to grow, the numbers are only going to get more impressive. The Motley Fool's new free report "Your Ticket to Cash In on the Superhero Battle of the Century" details what you need to know to profit from your favorite superheroes. Click here to read the full report!

Read/Post Comments (0) | Recommend This Article (1)

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2702248, ~/Articles/ArticleHandler.aspx, 10/1/2016 6:58:29 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 21 hours ago Sponsored by:
DOW 18,308.15 164.70 0.91%
S&P 500 2,168.27 17.14 0.80%
NASD 5,312.00 42.85 0.81%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/30/2016 4:02 PM
DIS $92.86 Up +1.06 +1.15%
Walt Disney CAPS Rating: *****
SNE $33.21 Down -0.03 -0.09%
Sony CAPS Rating: ***
TWX $79.61 Up +1.00 +1.27%
Time Warner CAPS Rating: ****
VIAB $38.10 Up +0.33 +0.87%
Viacom CAPS Rating: *****
LGF $19.99 Down -0.32 -1.58%
Lions Gate Enterta… CAPS Rating: ****
NWS $14.22 Up +0.09 +0.64%
News Corporation CAPS Rating: No stars