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M:i:III Remains Afloat While Poseidon Sinks

Published May 15, 2006 in Box Office
By Ryan Parsons | Image property of Paramount Pictures
Mission Impossible 3 Mission Impossible 3
Though Paramount was not exactly thrilled about the first weekend take of Mission: Impossible III -- a weekend that was expected to take in $10 to $20 million more -- they did have one ray of hope. Though the summer season is filled with tentpole films, Poseidon was cruising into theatres the following week under negative reviews and a studio, Warner Bros, who was already preparing for the worst. With that type of negative hype, Ethan Hunt was bound to come out on top for a second, and final, weekend.

M:I:3 Sinks Poseidon at Box Office

Mission: Impossible III was able to grab hold of $24.5 million domestically this weekend in what looks like its final chance to earn some serious skrilla before the release of films such as The Da Vinci Code and X-Men: The Last Stand. The box office take this weekend was down just over 48% of the film's opening weekend; which is respectable.

Poseidon, on the other hand, did not have the buoyancy to survive its opening weekend with only $20.3 million. Warner Bros -- who gave the film a whopping $160 million budget -- has been planning for the worst ever since the arrival of spring; something that doesn't necessarily instill confidence in moviegoers. Add the fact that the critics have been tearing the film up with its less than epic running-time (~90 minutes) and we can already see Poseidon's anchor sinking this baby to the bottom.

Though the numbers on M:i:III are still considered below expectations, the international markets have again proved strong for this years big-budget films. Mission: Impossible III has almost earned as much overseas as it did domestically. The international market has pulled in $70 million for the Tom Cruise vehicle, bringing M:i:III's total box office take to $155 million. And, considering that the stated budget for M:i:III was somewhere near $150 million, Paramount can finally begin to catch their breath.

Warner Bros has been slow to release Poseidon overseas. However, the film has shown strength in the international market this opening weekend with a take of $4.4 million on a very limited amount screens.

Stay tuned for updates.

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Compiled By (Sources)
Ryan Parsons
Sources: Image property of Paramount Pictures

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