This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

'Star Trek' Falls Short of Studio's Hopes

By David Germain

LOS ANGELES (AP) -- Star Trek: Into Darkness has warped its way to a $70.6 million domestic launch from Friday to Sunday, though it's not setting any light-speed records with a debut that's lower than the studio's expectations.

The latest voyage of the starship Enterprise fell short of its predecessor, 2009's Star Trek, which opened with $75.2 million.

Since premiering Wednesday in huge-screen IMAX theaters and expanding Thursday to general cinemas, Into Darkness has pulled in $84.1 million, well below distributor Paramount's (NOK) initial forecast of $100 million. The film added $40 million overseas, pushing its total to $80.5 million since it began rolling out internationally a week earlier.

The Star Trek sequel bumped Iron Man 3 down to second place after two weekends on top. Robert Downey Jr.'s superhero saga took in $35.2 million domestically to lift its receipts to $337.1 million. Overseas, Iron Man 3 added $40.2 million, raising its international total to $736.2 million and its worldwide tally to nearly $1.1 billion.

While Iron Man 3 and Into Darkness did well overseas, they were outmatched by the debut of Baz Luhrmann's The Great Gatsby, which followed its domestic debut a week earlier with a wide rollout internationally. Gatsby pulled in $42.1 million overseas, coming in a bit ahead of both Iron Man 3 and Into Darkness.

Domestically, Gatsby held up well at No. 3 with $23.4 million, lifting its total to $90.2 million.

In today's Hollywood of bigger, better sequels, follow-up films often outdo the box office of their predecessors, as each Iron Man sequel has done. While Into Darkness earned good reviews and is getting strong word-of-mouth from fans, the film did not quite measure up to the opening weekend of director J.J. Abrams' Star Trek reboot from four years ago, at least domestically.

" Star Trek remains a fan-boy movie. It doesn't seem to have the same kind of cross-over appeal as say an Iron Man or some of these others," said Paul Dergarabedian, an analyst for box-office tracker Hollywood.com. "It's a very specific brand, but I think the general public would love this movie, because it's such an action movie. But to get a hundred-million-plus opening weekend, unless you're Twilight, you really have to cross over to all audiences."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $124.43 -1.54%
FB $82.16 -1.20%
GOOG $548.00 -0.73%
TSLA $188.77 -0.94%
YHOO $44.44 -1.15%

Markets

DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs