‘Despicable Me 3’ Brings in $75 Million at Box Office

By Douglas A. McIntyre Updated Jan 12, 10:29AM EST · Published Jul 3, 6:25AM EDT

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‘Despicable Me 3’ Brings in $75 Million at Box Office — © Thinkstock

Another franchise ruled the box office this weekend. “Despicable Me 3” brought in $75 million in domestic ticket sales. It is the fourth installment in a franchise that has brought in over $1 billion in domestic box office.

According to Box Office Mojo:

Once again sequel fatigue appears to be having an impact as estimates have Despicable Me 3 coming in about $10 million shy of its predecessor, but that didn’t stop it from securing the weekend top spot in the domestic, international and worldwide marketplaces, leading the charge over the first three days of this long, five-day Fourth of July holiday weekend. Behind it, Sony’s Baby Driver out-performed the studio’s expectations while WB’s R-rated comedy The House failed to generate much heat.

Another franchise installment, “Transformers: The Last Knight,” continued to disappoint with a total of only $17 million, which brings its total to $102 million domestically. The movie cost over $200 million to make. By contrast, the “Despicable Me 3” production cost was $90 million. It should recover that within the next week.

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Among the movies in the franchise, “Despicable Me” had a total domestic gross of $215 million. It was released in July 2010. “Despicable Me 2,” released in July 2013, bought in $368 million in domestic box office. “Minions,” release in July 2015, brought in $336 million.

“Despicable Me 3” received mediocre reviews. On Rotten Tomatoes, its rating among critics was 63% positive. Among audiences it was 68%. The ratings for the first installment were 81% positive among critics and 82% among audiences.

“Despicable Me 3” was distributed by Universal, a division of the NBC Universal arm of Comcast Corp. (NASDAQ: CMCSA). Box Office Mojo shows that in 2017, through June 25, Universal ranks second behind Walt Disney Co.’s (NYSE: DIS) Buena Vista with a 17% share of domestic box office. This represents $949 million. The Buena Vista total is $1.352 billion for a 24% share.

On a related note, “Wonder Woman” added $16 million this weekend, for a total of $346 million in domestic box office, which puts in the in the number three spot for the year, behind “Beauty and the Beast” at $504 million and “Guardians of the Galaxy Vol. 2” at $383 million.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.