'Split' Tops Domestic Box Office for Second Weekend - TheStreet

Split held onto the number one spot at the domestic box office for the second week in a row.

The North American box office easily beat analysts' forecasts this weekend, but results still fell mid-single digits compared to last year. Revenue from the weekend's top 10 films totaled $111 million, surpassing MKM Partners' outlook of $92 million. Revenue dropped 6% year-over-year.

Thriller Split from Comcast's (CMCSA) - Get Report Universal Pictures unit grossed $26.3 million this weekend, a decline of 34% week-over-week, but above analysts' forecasts of roughly $19.0 million. New release A Dog's Purpose, also from Universal, took second place with $18.4 million, which was in line with projections. The third place winner was Oscar-nominated film Hidden Figures from 20th Century Fox (FOXA) - Get Report with $14.0 million, according to comScore data.

Rounding out the top five were new release Resident Evil: The Final Chapter from Sony (SNE) - Get Report and Lionsgate's (LGF.A) Oscar-nominated musical La La Land with $13.9 million and $12.1 million, respectively.

The weekend's outperformance was a function of solid product depth as five films exceeded the $10 million mark, according to MKM Managing Director Eric Handler.

"Of note, Hidden Figures and La La Land have already surpassed $100 million of domestic box office revenue and should soon be followed by Split while the combined budgets for these three titles are reportedly less than $75 million," Handler noted.

Quarter-to-date box office revenue is down about 1% through Jan. 29 and the month should finish with revenue down roughly 8%, according to MKM.

Fantasy adventure film Journey to the West: The Demons Strike Back earned $85 million globally in seven territories this weekend, including China where it opened on Chinese New Year and "drew massive crowds," comScore Senior Media Analyst Paul Dergarabedian said.

Imax (IMAX) - Get Report screens produced their first eight-figure weekend of the year with an estimated $11.5 million globally from four films, MKM added.