July 2 2012

Ted Laughs its Way to the Top of the Box Office

Ted movie posterIt appears that the United States was ready to laugh as an R-rated comedy made its way to the top of the box office this weekend.

Ted, the first feature film from Seth MacFarlane of Family Guy fame, won the weekend with a surprising $54.1 million.  Pretty much no one saw this result coming, and at a $50 million budget it is pretty much guaranteed to hit profitability.

Coming in second was Magic Mike, the story loosely based on star Channing Tatum’s real life adventures as a male stripper in his teens.  With a budget reported to be a mere $7 million, the film brought in $39.1 million.

Pixar’s Brave slipped a healthy 48.7% to land in third with $34 million, which brings its domestic box office to $131 million.

Tyler Perry’s Madea’s Witness Protection continued the unexplainable trend of these movies making money with the latest installment bringing in $26.3 million. Someday I might even understand the allure of these films.

Rounding out the top five was Madagascar 3: Europe’s Most Wanted with another $11.8 million.

While there are already pundits hooping and hollerin’ about the over performance of the top two films means that this summer is turning around, one only needs to look at the sixth place finish of Abraham Lincoln: Vampire Hunter to tell you things still aren’t good. In only its second week it dropped 63.2% to $6 million and is now expected to end its domestic run at around $40 million, well below its $69 million budget.

We’ll see how next week fares with The Amazing Spider-Man, Katy Perry: A Part of Me and Savages all going into release.

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