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2002 Box Office Report (Special
Column)
by
Ammar S.
The 2002 box office year reached record heights thanks to
spiders, rings, and weddings galore. Box office revenue
climbed to $9.3 billion, up close to 11% from 2001’s $8.41
billion take. Admission levels were also booming, with close
to 1.6 million tickets sold. |
This is up close to
8% from the 1.48 million tickets that were sold in 2001. Sony
Pictures was the market share winner with close to 18.5
percent. The studio was spurred to success with blockbusters
like Spider-man,
Mr. Deeds,
xXx (Triple X), and
Men In Black
2. 2002 was definitely full of many surprise hits,
particularly the phenomenal success of films like
The Ring and
My Big Fat Greek Wedding. Let’s rewind and look back at a
record-breaking year at the box office.
Customarily in January, movies yearning for accolades expand
in hopes of awards, ultimately Oscar gold. Yet the mighty
Fellowship of the Ring, the first in the very lucrative Lord
of the Ring trilogy, would not let go of its hold over the top
of the charts. It made close to $150 million in 2002 and was
one of the major players this past January. Future Oscar
winners
A Beautiful Mind and
Black Hawk Down expanded in
January to fantastic results. The films finished with close to
$179 million and $108 million respectively; most of which was
made in 2002. A Beautiful Mind would continue to flourish past
January due to its glorious Oscar night with wins for Best
Picture and Director.
Disney’s Imax release of
Beauty and the Beast also
performed well, finishing with close to $25 million despite
never playing on more than 68 screens. Despite all the success
in January of 2001 releases expanding, the biggest surprise
may have been the Disney kid-pleaser
Snow Dogs, starring Oscar
winner Cuba Gooding Jr. Despite scathing reviews, the film
finished with close to $81 million. Critics are most likely
very excited about Disney’s plans to make a Snow Dogs 2…the
studio’s next Razzie hopeful.
February was full of clunkers and perhaps spawned some of
the biggest failures of the year. The long delayed Rollerball
and Collateral Damage hit theaters. Both films dropped faster
than Eddie Murphy’s paycheck and received less than decent
critical and audience praise. The biggest surprise of the
month had to be the less-than-stellar performance of A-list
star Bruce Willis’ Hart’s War. Opening with a measly $8
million, the film finished with under $20 million. Dragonfly,
Kevin Costner’s latest also performed poorly, but there
weren’t many expectations for it to begin with and it finished
with close to $30 million. Sony’s Slackers and Miramax’s
Birthday Girl also performed horrendously, both finishing with
close to $5 million despite playing in over 1000 theaters.
Even with all of the flops, there were also some solid
performers but no big breakthroughs. Denzel Washington’s
John
Q pulled in close to $71 million while
Return to Neverland
made close to $48 million. Finally, February showcased the
teen-driven
Crossroads and
Queen of the Damned, Britney Spears
and the late Aaliyah’s movies. Both debuted well with close to
$15 million, but displayed no legs whatsoever and finishing
with $37 million and $30 million respectively.
Things really heated up in March, which produced the biggest
box office in history for the month. Twelve movies opened with
over $10 million, five opened with over $20 million, and three
opened with over $30 million. This is March, not even a part
of the summer or fall season. Leading the March pack was
Ice
Age, which smashed the month’s opening record held by Liar,
Liar for the past five years by a whopping 47%. Ice Age pulled
in a $46 million opening weekend on its way to $176 million,
finishing in the top ten of the year. Solid performers
included Mel Gibson’s We Were Soldiers,
Resident Evil,
Blade
2, E.T. 20th anniversary re-release, and
Clockstoppers.
The
Rookie and
Panic Room shocked many analysts, as both films
finished with $76 million and $95 million respectively. Dennis Quaid and Jodie Foster showed their box office prowess and
scored big comeback hits.
Despite March 2002’s phenomenal success, the month still
churned casualties out of Robin Williams’
Death to Smoochy,
Sorority Boys, and
Showtime. The latter finished with $38
million despite an $85 million budget, starting off Eddie
Murphy’s awful year of failures. Adding to the box office heat
produced by openers were Oscar-winning films such as
Monster’s
Ball, Lord of the Rings, and A Beautiful Mind. Halle Berry’s
Oscar-winning performance pulled in many curious moviegoers,
propelling the gross of Monster’s Ball to $31 million, never
playing in more than 714 theaters.
Part
2 (October To December) >>
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