Sunday, November 16, 2008

James Bond, Breaking Record, Topped Box Office


James Bond brushed off some lackluster reviews to sell an estimated $70.4 million in tickets at North American theaters, setting an opening-weekend record for this 46-year-old film franchise.

Quantum of Solace,” starring Daniel Craig as 007, arrived in the United States unusually late; MGM and Sony Pictures released it overseas in late October. The move may have contributed to strong domestic sales. By withholding the hotly anticipated picture from fans in the world’s largest movie market, the studios stoked an online frenzy.

The movie’s global cumulative gross through Sunday was $322 million, according to Sony. “It’s an extraordinary opening that speaks to how much audiences have embraced Daniel Craig as Bond,” said Rory Bruer, Sony’s president for domestic distribution.

The stronger-than-anticipated opening is a relief to the two studios because of the picture’s outsize cost. The combined production and marketing budgets are estimated at about $400 million, although Sony places the number lower because of tax credits. MGM in particular was counting on a strong opening; a hit of this size helps shore up its financial footing. Read full story here

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