From CNN and other foreign media’s views, DreamWork Animation, producer of the series of Kung Fu Panda films, is making a big bet on Chinese moviegoers since there seem to be significant demand for the U.S. Blockbusters. In its first three days of release, DreamWorks Animation’s high-stakes “Kung Fu Panda 3” may have left money on the table at home in search of riches overseas.
Kung Fu Panda 3 has broken the opening weekend record for an animated film in China, earning 383.4m yuan (US$58.3m) since its release on January 29.
With no major storms or championship football games to contend with, the North American box office got itself back on track this weekend. Noting the absence of competition on the animated film front over the next month, Chris Aronson, Fox’s president of domestic distribution, said he expected “Kung Fu Panda 3” to have “a very long and robust domestic theatrical run”.
The third film has voice talent from Jack Black, Bryan Cranston, and Angelina Jolie.
Kung Fu Panda 3’s weekend box office performance was a much needed victory for DreamWorks.
“The Revenant” had another successful week at the box office, earning $12.4 million to take second place. The CGI comedy – which carries a $145 million budget – is set in China with Po meeting his biological father and bonding with him before confronting an evil supernatural warrior.
Placing fourth was the new rescue thriller, The Finest Hours, with $10-million.
Rounding out the top tier are The Boy at No. 6 with $7.9 million, Dirty Grandpa at No. 7 with $7.6 million, The 5th Wave at No. 8 with $7 million, Fifty Shades of Black at No. 9 with $6.2 million and 13 Hours: The Secret Soldiers of Benghazi with $6 million.
“Star Wars: The Force Awakens” is still bringing audiences to the theater. The Disney movie, earning an A- CinemaScore, came in No. 3 after Panda 3 and Fox and New Regency’s The Revenant, which remains a potent player in its sixth weekend. Apparently not. Critics dismissed it -they gave the film a 33% approval rating on Rotten Tomatoes- and few if any paid to see it. The Weinstein Company -the film’s new distributor- dumped the film this past Friday onto 1,210 screens, where it eked out a frightful $803,000 to land all the way down in 17 place.