BOXOFFICE Forecast: 'A Nightmare on Elm Street'
Featured Stories - on March 08, 2010 by Phil Contrino
Freddy Krueger is back this April in A Nightmare on Elm Street. Are audiences ready for a new horror reboot?
This week, we've added A Nightmare on Elm Street and Furry Vengeance to our Anticipation Index. Both films are scheduled to hit theaters on April 30.
A Nightmare on Elm Street follows in the footsteps of recent horror reboots such as The Texas Chainsaw Massacre, Halloween and Friday the 13th. All three of those films opened strong before falling fast. For instance, Friday the 13th debuted to $40.5 million, yet it only managed $65 million during its domestic run. That's a clear message from moviegoers that the new take on the series didn't work. If A Nightmare on Elm Street is going to spawn a series of sequels, then it needs to show staying power beyond the opening weekend.
The success of Summit's Furry Vengeance depends largely on the drawing power of Brendan Fraser. Yet Fraser is far from the dominant box office presence he once was. His last two efforts-Inkheart and Extraordinary Measures-opened to $6 million and $7.6 million, respectively. Still, Furry Vengeance could post solid numbers based solely on the fact that it's one of the only films in April that will be ideal for family audiences.
Check out our predictions for A Nightmare on Elm Street and Furry Vengeance as well as other films in the table below.
|Weekly Anticipation Index, February 27, 2010|
|Title||Release Date||Distributor||Opening Weekend||Cumulative|
|Alice in Wonderland||March 5||Disney||$73M||$200M|
|Brooklyn's Finest||March 5||Overture||$12M||$30M|
|Green Zone||March 12||Universal||$20M||$55M|
|Remember Me||March 12||Summit||$15M||$35M|
|The Bounty Hunter||March 19||Sony/Columbia||$27M||$75M|
|Diary of Wimpy Kid||March 19||20th Century Fox||$12M||$40M|
|Repo Men||March 19||Universal||$9M||$23M|
|Hot Tub Time Machine||March 26||MGM||$15M||$45M|
|How to Train Your Dragon||March 26||DreamWorks Animation||$50M||$160M|
|The Last Song||March 31||Disney||$15M||$45M|
|Clash of the Titans||April 2||Warner Bros.||$65M||$180M|
|Tyler Perry's Why Did I Get Married Too?||April 2||Lionsgate||$22M||$50M|
|Date Night||April 9||20th Century Fox||$40M||$125M|
|Death at a Funeral||April 16||Sony/Screen Gems||$18M||$50M|
|Wall Street: Money Never Sleeps||April 21||20th Century Fox||$17M||$60M|
|The Losers||April 23||Warner Bros.||$14M||$32M|
|The Back-up Plan||April 23||CBS Films||$10M||$27M|
|A Nightmare on Elm Street||April 30||Warner Bros./New Line||$36M||$70M|
|Furry Vengeance||April 30||Summit||$11M||$35M|
*= four-day weekend
Additional reporting by Daniel Garris and Alex Edghill.