As far as why this matters, Variety showed that sales should be $100 million, or even $110 million, according to early tracking. 20th Century Fox, a part of Twenty-First Century Fox Inc. (NASDAQ: FOXA), is releasing the film. Keep in mind that the X-Men movie franchise already had about $2.3 billion in total box office sales globally.
While there are many blockbusters slated this for summer, it seems that the latest X-Men installment is being billed as one of the highest grossing films of the summer. The film’s production budget was said to be roughly $200 million, and it will be released at nearly 4,000 movie theaters.
As far as why this could be a record breaker for an X-Men debut, the record was almost $123 million on the debut “X-Men: The Last Stand” in 2006 (also a four-day weekend). Strong reviews have helped push this film as a contender for an X-Men record, although again that is still something that is just a possibility. Having Hugh Jackman, Jennifer Lawrence, Patrick Stewart and the rest of stars in one film may be enough to give it a franchise record.
It appears that the biggest risk to the film’s own personal best record is that “Gozilla” has been doing well and is considered real competition. It reportedly had a $93 million opening weekend.
Twenty-First Century Fox shares are only 3% shy of a 52-week high at $34.59, but its market value is a whopping $77 billion. That makes it hard for any one title to move the needle. The company’s total revenues across all media properties was $27.7 billion in 2013, and Thomson Reuters is calling for revenues to be $31.3 billion for 2014.
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