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Box Office Guru Wrapup: Avatar Continues Its Run In 2010

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Over the first weekend of 2010, moviegoers still had their minds on the year 2154 as James Cameron’s futuristic 3D adventure Avatar easily remained number one for a third consecutive frame breaking records and smashing the $1 billion global box office milestone in the process. With no new releases, the top ten was filled with the same movies as some dropped harder than others while a small handful enjoyed sales boosts thanks to Friday being a holiday for New Year’s Day. The Top 20 grossed a scorching $220M kicking off the new decade on the right note.

[rtimage]MapID=1194501&MapTypeID=2&photo=30&legacy=1[/rtimage]Dipping a mere 10% from its busy Christmas weekend haul, Avatar grossed a sensational $68.3M propelling its 17-day total to an eye-popping $352.1M. The sci-fi epic broke the record for the best third-weekend gross ever beating Spider-Man‘s $45M from May 2002. Even with today’s higher ticket prices and 3D surcharges, Avatar still sold more tickets than the first webslinger pic – approximately 8.4 million vs. 7.8 million. Spider-Man was not helped by any holidays in its third weekend, however. The Na’vi pic also became the second fastest film in history to break the $350M mark. Only The Dark Knight did it quicker in 14 days on its way to a $533.3M final.

Of the five films in the top ten that suffered declines this weekend, Avatar enjoyed the lowest drop meaning audiences are still happy with the product and spreading positive buzz. Many of the top-grossing movies of all-time started out with gargantuan numbers but then faded quickly. The mega-budgeted actioner has also grossed more than $10M each day of its release across 17 consecutive days – also a record.

Avatar has hauled in the second largest 17-day start for any film and only trails The Dark Knight which made $393.8M last year by the end of its third weekend. But the Na’vi flick has been catching up and could eventually surpass the Joker pic to take the number two spot on the all-time domestic list after Titanic. Compared to the Batsequel, Avatar was 51% behind after three days, 32% behind after 10 days, and is now lagging by just 11%. That gap could be cut in half again after next weekend and the two should be equal at around the 31-day mark when Knight stood at $471.1M. After the fifth weekend, Avatar may just end up flying ahead. Plus, if it wins a major award at the Golden Globes on January 17 or scores a Best Picture Oscar nod in the expanded field of ten nominees on February 2 then the film could enjoy even more longevity.

[rtimage]MapID=1194501&MapTypeID=2&photo=24&legacy=1[/rtimage]So the big question on industry minds is how high can Avatar go? The first 17 days were always going to be supercharged thanks to the opening weekend plus the Christmas and New Year’s holidays. Titanic used the same strategy 12 years ago. But with adults and most teens going back to work and school on Monday, midweek grosses will start to deflate. The film will, however, benefit from college students still being on break for the next two weeks so weekday grosses will still be a little better than normal, but not quite summer-like.

The road ahead looks promising for Avatar because of a lethal combination – excitement remains strong so audiences are still very interested plus competing movies in January do not look to offer much firepower. The iceberg pic also had a weak slate of loser films to deal with so moviegoers had nothing else to shift their attention to. Should Avatar find itself with modest daily grosses of $6M this week and then depreciate by 35% per week for the rest of its run, it would still reach an astounding $547M by the end of its domestic run.

James Cameron will then own the two biggest worldwide blockbusters in motion picture history with Titanic and Avatar grossing $3 billion in combined ticket sales as of next weekend with much more to come. Globally, his latest megahit could soar to $1.5 billion or more and may even try to challenge the $1.835 billion of Jack and Rose.

[rtimage]MapID=10010659&MapTypeID=2&photo=31&legacy=1[/rtimage]Still tops among non-billion-dollar-grossers was Sherlock Holmes which dropped 39% in its second weekend to an estimated $38.4M boosting the ten-day cume to a spectacular $140.7M. However, the Robert Downey Jr.-Jude Law detective pic suffered the largest drop in the top ten as word-of-mouth has been decent, but not great. Warner Bros. could still find itself on track to cross $200M domestically with this one. Overseas, Holmes pulled in an estimated $37.6M from 33 markets pushing the international cume to $88.3M and the global gross to $229M. Leading markets offshore are the U.K. with $19M, Italy with $18M, and Australia with $13.4M.

[rtimage]MapID=1209288&MapTypeID=2&photo=13&legacy=1[/rtimage]Still in third collecting another $36.6M, according to estimates, was the family smash Alvin and the Chipmunks which fell by 25% in its second session. Fox has amassed a stellar $157.3M in only 12 days and has a shot at beating the $217.3M of the first Alvin film from two years ago. The kidpics of January will not provide too much competition so parents will remain focused on this entry. Add in Avatar and the studio has banked an amazing $509M from its two December hits in under three weeks.

Trailing the three juggernauts were two hits driven by A-list actresses. Meryl Streep’s divorce comedy It’s Complicated slipped 15% to an estimated $18.7M boosting the ten-day total to a solid $59.1M. The Universal release should be able to make it past the $100M mark. Crashing through the double-century barrier this weekend was Sandra Bullock’s unstoppable smash The Blind Side which enjoyed a 10% bump to an estimated $12.7M. Warner Bros. has now banked an incredible $209.1M and is probably headed north of the $225M level.

[rtimage]MapID=1212694&MapTypeID=2&photo=29&legacy=1[/rtimage]Paramount’s awards contender Up in the Air was virtually flat with last week and took in an estimated $11.4M lifting the cume to $45M. Disney followed with its animated pic The Princess and the Frog which rose a solid 11% to an estimated $10M raising the total to $86.1M.

Not every film is doing gangbusters this holiday season and three underperformers rounded out the top ten. Sony’s romantic comedy Did You Hear About the Morgans? was in eighth with an estimated $5.2M, up 4%, for a weak $25.6M cume. The musical Nine fell 22% to an estimated $4.3M in its second weekend of wide play and has grossed just $14M for The Weinstein Co. The estimate included a very slim 20% Saturday-to-Sunday dip while other studios were projecting 35-50% so the final gross may come down when final numbers are reported on Monday. Clint Eastwood’s Invictus has not done as well as expected during awards season and its box office results have performed the same way. The Warner Bros. title grossed an estimated $4.1M, up 2%, and has taken in just $30.8M thus far.

New totals for major films outside of the top ten include $287.8M for The Twilight Saga: New Moon, $163.5M for 2012, and $137.4M for A Christmas Carol. Worldwide tallies are $679M, $747M, and $311M respectively.

The top ten films grossed a stunning $209.6M which was up 70% from last year when Marley & Me stayed in the top spot with $24.3M; and up 86% from 2007 when National Treasure: The Book of Secrets remained in first place with $20.1M.

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Radhika Apte reveals real reason why she got married

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Radhika Apte needs no introduction to Kollywood fans after her appearance as Superstar Rajinikanth’s wife in ‘Kabali’ directed by Pa Ranjith.  The intense actress impressed with her performance of a meek girl to a mother of a grown-up and especially her reunion scene with Rajini took the audience on an emotional ride.

Radhika is happily married to her British boyfriend Benedict Taylor who is a singer and she shuttles between Mumbai and London to balance her personal and professional life.

Radhika Apte in her most recent interaction with Vikranth Massey on social media from London has admitted that she does not believe in the institution of marriage.  When asked why she got married the talented performer replied that it is easier for married people to get a British visa and that’s why she and her man opted for it in 2012.

Radhika is currently chilling with Taylor in their London home during the lockdown and will soon start filming her next English film ‘Noor Inayat Khan’ in which she plays a spy based on a true story.

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Jacqueline Fernandez shares picture of her being in ‘happy place’

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Actor Jacqueline Fernandez is working on a secret project where she found herself in a ‘happy place’. Taking it to Instagram on Sunday, the 35-year-old actor shared a picture dressed up like a traffic police officer as she is seen laughing her heart out.

“How was everyone’s Sunday?? Fun project coming up soon! #myhappyplace,” wrote Fernandez along with a picture where she is also seen holding a coffee mug. The ‘Kick’ actor also shared a few Instagram stories of her getting ready for the upcoming project.

Recently, the actor extended gratitude to her fans after the number of Instagram followers hit the 46 million mark.

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Why an ‘active’ approach to risk modelling is key to navigating markets today

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Whether investors are aiming for a cautious approach or a riskier investment profile with the potential for higher returns, Architas’ Blended Fund range is designed to match a range of investor risk appetites. And like many asset managers, Architas predominantly uses two approaches to define asset allocation within the five risk bands used in the Blended Range – strategic and tactical.

Whilst risk model provider EValue’s quantitative approach to asset allocation takes into account the long-term performance of different asset classes and the likely future performance given current valuations, along with long-term measures of volatility and correlations with other asset classes. Yet as with most systems of its kinds, EValue focuses on the long term; it is unable to analyse short-term market movements and fluctuations. So whilst it would have seen that in Q1 2020 markets fell by a record percentage before rebounding, it will not be able to factor in the cost of the coronavirus and lockdown and its impact on markets. Similarly, it is not able to consider ongoing Brexit woes, geo-political trade wars or the outcome of the US election in 2020.

Click here for the full article and to access more about the flexibility of the Architas Blended Range by clicking on the box below.

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