‘Fifty Shades of Grey’ Could Miss Expectations

Photo of Paul Ausick
By Paul Ausick Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

50shadesofgrey-2
Unviersal Studios/Comcast Corp.
In what must be a big disappointment to executives at Universal Studios and parent Comcast Corp. (NASDAQ: CMCSA), the four-day weekend U.S. debut of “Fifty Shades of Grey” looks like it will fail to match predictions of a $100 million opening. The film is on track to a still very respectable $70 million opening in the United States.

The book on which the movie was based sold more than 100 million copies worldwide and about 45 million in the United States. The audience for the book was mostly women in their 30s, 40s and 50s, a Random House executive told the Atlantic last week. Nielsen data suggests that a third of the U.S. books were purchased by people between 18 and 29 years of age — millennials.

The Friday night audience for “Fifty Shades of Grey” was 78% female, according to a report at Deadline Hollywood, and “males loathed it.” The Valentine’s Day audience is expected to include more males, but that one-day bump seems destined not to last.

ALSO READ: 4 Top Media and Entertainment Stocks With Big Upside Potential in 2015

The movie mavens at Box Office Mojo pointed out last Friday that in order for “Fifty Shades of Grey” to reach the $100 million mark it would have to succeed as a date movie and not just as a film that appealed mostly to young women, as the book apparently had. Without a healthy number of men buying tickets, there is little chance for the film to hit the triple-digit mark.

There is also the backlash against the movie from a rather unlikely coalition of feminists, religious leaders and groups espousing American family values. Some see it as exploitation of women and others as pornography. To what extent any criticism is holding down ticket sales is arguable.

The Twilight series opened with $36 million on its first day, versus an estimated $30.2 million for “Fifty Shades.” Universal Studios is anticipating a four-day total of around $76 million, but that may be high. Both the first Twilight movie and last year’s “The Fault in Our Stars” had similar opening nights, and if “Fifty Shades” performs comparatively at the box office, it is headed for a total of $70 million, according to Box Office Mojo.

The other major new release this weekend, “Kingsman: The Secret Service” from Twenty-First Century Fox Inc. (NASDAQ: FOXA), sold an estimated $10.5 million in tickets for Friday night’s opening on 3,204 screens. The film is on track to meet a three-day projected total of $32.5 million.

ALSO READ: The 10 Richest U.S. Presidents

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618