'The Conjuring' scares $41.5 million out of moviegoers

The relatively low-budget horror flick set a box office record in its category this weekend, beating out some movies with monstrous production costs.

By Benzinga Jul 22, 2013 4:59PM

Time Warner (TWX) set a new box office record this weekend with Warner Bros.'s latest horror flick, "The Conjuring."


According to Box Office Mojo, the film earned an estimated $41.5 million, which is greater than the debut totals of all other original (non-sequel) R-rated horror films.


With a budget of just $20 million, "The Conjuring" is already profitable. Depending on the studio's terms with movie theaters, however, Warner Bros. might have to part with half of its revenue.


Comcast's (CMCSA) hit animated comedy, "Despicable Me 2" from Universal Pictures, came in second place domestically with $25 million. Globally, the film retained the number-one spot for the third consecutive week in a row.


That brings the box office total to $584.5 million worldwide on a budget of $76 million. Nearly half ($276 million) came from domestic ticket sales.


DreamWorks Animation's (DWA) "Turbo" -- the first original animated film released since "Epic" -- came in third place with $21.5 million during the Friday-Saturday period. The film earned an additional $9.7 million on Wednesday and Thursday.


"Turbo" reportedly cost $135 million to produce, so it will need to rely on global ticket sales (which have yet to be reported) to make up for its domestic shortcomings.


This is the second flop for DreamWorks since "Rise of the Guardians" earned $32 million during its five-day opening in November 2012.


Sony's (SNE) "Grown Ups 2" fell to fourth place with an estimated $20 million. This is less than half of the $41.5 million that the film earned during the previous weekend, which is typical for summer blockbusters.


"Red 2," the Lionsgate-produced (LGF) sequel to the surprise 2010 hit, debuted in fifth place with just $18.5 million on a budget of $84 million.


"Pacific Rim," Warner Bros.'s other new film, fell to sixth place after earning another $15.9 million. This brought the film's domestic box office total to $68 million.


Globally, "Pacific Rim" has earned $178.5 million, which is still below the film's $190 million budget.


Last but not least is "R.I.P.D.," which debuted in seventh place after earning $12.7 million. The film cost $130 million to produce -- considerably more than Universal's number-one film, "Despicable Me 2."


More from Benzinga:
0Comments

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

122
122 rated 1
288
288 rated 2
472
472 rated 3
638
638 rated 4
628
628 rated 5
704
704 rated 6
609
609 rated 7
489
489 rated 8
275
275 rated 9
129
129 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
AAPLAPPLE Inc10
ATVIACTIVISION BLIZZARD Inc10
CTSHCOGNIZANT TECHNOLOGY SOLUTIONS10
FOXATWENTY-FIRST CENTURY FOX Inc CLASS A10
ITUBITAU UNIBANCO BANCO MULTIPLO S.A.10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.