Box Office Report: Warner Bros.’ Disastrous ‘King Arthur’ Opening, Meager $14.7M Debut, Cost $175M To Produce

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Warners has had few major bombs like Sony and Paramount, but after Ben Affleck’s horrible bomb, someone at the studio in the Valley is heading for early retirement.  The second weekend of summer at the North American is the beginning of a long hot summer.  Warner Bros. and Village Roadshow’s male-fueled King Arthur: Legend of the Sword,  costing $175 million to make before marketing — is a flop of epic proportions after launching to $14.7 million from 3,702 theaters to mark one of the worst openings in history for a big-budget studio event film.
 Knights of the Round Table: King Arthur

Piling on more bad news, King Arthur was beat in the U.S. by Amy Schumer and Goldie Hawn’s Snatched in a surprise upset. The Mother’s Day action-comedy opened to $17.5 million from 3,501 theaters. Fox spent a relatively modest $42 million to make the R-rated movie, but was certainly hoping for more, considering Schumer’s Trainwreck debuted to $30 million in summer 2015.

 

Produced by Chernin Entertainment, Snatched follows a mother and daughter who find themselves trying to escape after being abducted on vacation in Ecuador. The comedy, earning mediocre reviews and a B CinemaScore, marks Hawn’s first turn on the big screen in 15 years, as well as Schumer’s first film since Trainwreck.

 

Snatched placed No. 2 behind Guardians of the Galaxy, which easily stayed atop the chart in its second weekend with an estimated $63 million-$64 million from 4,347 theaters. (The Disney and Marvel sequel grossed $16.4 million on Friday alone, more than King Arthur did in its entire weekend.) Guardians Vol. 2 will finish Sunday with nearly $250 million domestically and well north of $500 million globally.

Written By: Tommy Lightfoot Garrett
Photographs are Courtesy:   Warner Bros.
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