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March Box Office Preview

by Lee Tistaert

As someone who has never even seen E.T. (yes, let me here all those "what?!") yet, I can't begin by describing the film as a classic but in today's film world the movie stands as such. What I can say is that the power of Spielberg and the re-release approach similar to the Star Wars' re-issue should have Universal prevailing.

It's been twenty years since E.T. was first projected onto the big-screen and created long lines around the block, and just like those eager Star Wars fans back in 1997 that gave the re-issue of SW a $35.9 million weekend intake and a scorching $17,066 per-screen average, E.T. fans should flock over in bus loads as well. The famous story of the alien on Earth trying to get back home will re-find the heart of millions of moviegoers on March 22. E.T.'s ad spots in Monsters, Inc. and any other pictures will definitely help the awareness and knowing Spielberg, word will get out to the general public like a charm. The only thing real questioning about the re-release is the theater count Universal is likely to approach with. The original Star Wars was only given 2,104 theaters but I bet Universal will give E.T. one higher on the chart at around 2650 or so. If that is the case, the film could have a solid shot at returning to the box office with a gross of about $30.0 million, which could very well over-ride Blade 2's debut.

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