$150 Million Peter ‘Pan’ Reboot Goes Splat at Box Office

Warner’s $150 million Peter Pan prequel took in just $5.2 million at 3,515 theaters Friday

Last Updated: October 10, 2015 @ 11:11 AM

“Pan,” the pricey prequel to the kids classic, and tightrope thriller “The Walk” both took a tumble in their nationwide box-office debuts Friday. The dual disappointments overshadowed a strong performance by the Matt Damon sci-fi tale “The Martian,” which is heading for $35 million-plus and a second-week triumph for Fox.

Sony’s animated ‘Hotel Transylvania 2” is on the way to what could be a $23 million third weekend and second place, after taking in $5.3 million Friday, behind the nearly $11 million of “The Martian.” The domestic total for the Genndy Tartakovsky-directed “Hotel Transylvania 2” should be near $120 million by Sunday, and “The Martian” will approach $110 million.

Also Friday, “Steve Jobs,” the Universal biopic starring Michael Fassbender as the iconic Apple boss, brought in $175,000 from four theaters in its limited debut. That’s an impressive $43,625 per-screen average for the film, viewed as an awards contender ahead of its wide opening next weekend.

Profitability appears adjacent to Neverland for Warner Bros.’ 3D fantasy adventure “Pan,” a prequel drawn from J.J. Barrie’s 1904 classic that bears a hefty $150 million production price tag. After grossing $5.2 million from 3,515 theaters Friday, the PG-rated origin tale directed by Joe Wright and starring Hugh Jackman, Garrett Hedlund and Amanda Seyfried is looking at an opening under $20 million for the studio, RatPac-Dune Entertainment and Berlanti Productions.

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“Pan” opened No. 1 in Mexico on Friday, and was near the top in Germany, Russia and several Asian nations, but the soft domestic debut isn’t going to help the overseas run. Envisioned as a franchise-launching summer tentpole and originally scheduled for July release, “Pan” took in $4.1 million overseas Friday.

“Pan” received a “B+” CinemaScore, which is better than what most critics gave the film, which is at a dismal 21 percent positive on Rotten Tomatoes. That’s well below that of other new releases “The Walk” (86 percent) and “Steve Jobs” (89 percent).

The miss won’t help the bottom line or awards hopes of “The Walk” or its director, Robert Zemeckis. The thriller starring Joseph Gordon-Levitt as aerialist Philippe Petit is on pace for $3.7 million in its first weekend of wide release after taking in just $1.1 million million on Friday. The budget on the film from ImageMovers, Mel’s Cite du Cinema and SPE was $35 million.

Sony executives may regret their rollout strategy for “The Walk,” which eschewed a platform release, designed to build buzz in limited engagements on the coasts, for an exclusive run on IMAX and Premium Large Format screens, as Universal did last month with the mountain-climbing tale “Everest.”

The PG-rated “The Walk” took in less than $2 million last weekend on the giant screens after getting a lot of media attention and positive buzz headlining the New York Film Festival the previous week. It’s on pace for a combined two-week total of under $10 million, not the start that Sony was looking for.

“The Intern” looks to finish in fourth with roughly $9 million in its third weekend for Warner Bros. Lionsgate’s drug war thriller “Sicaro” was next and pacing for a $7 million fourth weekend, with Fox’s teen sci-fi saga “Maze Runner: The Scorch Trials” in sixth and looking at $5.2 million in its fourth week.

Broad Green expanded “99 Homes,” the R-rated thriller starring Andrew Garfield, Michael Shannon and Laura Dern, from 19 theaters to 679, and it took in $689,000. That puts it on pace for a little over $1 million this weekend.

“Ladrones,” featuring Latin stars Fernando Colunga and Eduardo Yáñez, grossed $476,000 in 375 locations for Lionsgate’s Pantelion Films, a joint venture with Televisa. It’s headed for a $1.5 million three-day total and received an “A” CinemaScore.