The sci-fi adventure set to surpass The Avengers, but unlikely to catch up with the James Cameron love story.
WASHINGTON, DC: Jurassic World, the Colin Trevorrow-directed sci-fi adventure released last month, has become the fourth highest grossing film of all time, passing Fast & Furious 7 and is on track to become the third highest surpassing The Avengers in the next few days.
The domestic total for Jurassic World now stands at $611 million, and, combined with its international earnings, the total worldwide gross of the movie is $1.51 billion, as of July 19.
After already breaking nearly every single short term box office record, including the fastest to $100 million, $200 million, $300 million, $400 million, $500 million and $600 domestically (only the fourth film to do so), the next step is the highest grossing film of all time. That title is now held by Avatar, which earned $2.7 billion worldwide.
In order to pass the James Cameron movie, Jurassic World will need to earn at least another $150 million domestically and another billion worldwide. However, Jurassic World does not seem to have the lengthy legs Avatar had. It also does not have the benefit of going against weaker competitors for a prolonged period. James Cameron’s Titanic (not adjusted for inflation), however, seems like a more feasible goal.
Jurassic World is already quite close to passing Titanic’s domestic gross of $658 million (including the 2012 re-release), but when it comes to international gross, the dinosaurs will need a long way to go.
What are the chances of Jurassic World passing Titanic?
In order to surpass Titanic, Trevorrow’s film will need approximately an additional $700 million. Although it has run for only 38 days, modern mega-hits don’t perform the same way earlier films used to.
Nowadays a film’s opening weekend is often a large portion of its total gross. Jurassic World’s massive opening weekend is a little less than 15 percent of its total gross. To put that into perspective Titanic had a $28 million domestic opening weekend, or a little more than 1 percent of its total gross.
Early box office projections indicated that Jurassic World would yield around $80 million to $125 million domestically in its first week. However, it blew all box office expectations out of the water, making more than $208 million in its first three days, becoming the film with the highest grossing domestic opening weekend of all time, besting The Avengers’ $207 million.
The money train didn’t stop there. Combined with its international gross, the Jurassic sequel made $524 million globally in a single weekend. The film then went on to earn more than $106 million domestically in its second weekend, beating yet another record once held by The Avengers ($103 million). It then hit $1 billion worldwide in just 13 days, breaking another record.
But then it began slowing down, unlike Titanic.
Although it took Titanic about four weeks to earn what Jurassic World did in its opening weekend, Titanic was extremely leggy, dropping no more than 10 percent to 35 percent each week, while Jurassic World has seen a steady 50 percent drop each passing week.
Titanic was in theaters for 41 weeks, while using films, such as Avengers: Age of Ultron and Fast & Furious 7 to base, the prehistoric megahit is seeing a minimum of 11 and a maximum of 14 weeks in theaters.
There is still a sliver of hope for Jurassic World, as let’s not forget Jurassic World’s initial break out speed. It has surpassed Titanic’s initial domestic run (excluding the 2012 rerelease) of $600 million, in less than six weeks vs. Titanic’s 41 weeks.
Another factor that should come into play is that the next two weeks have not many potential blockbusters hitting the theatres, which should show in its upcoming earnings. And few of the upcoming films appeal to family audiences, an advantage which should also play into Jurassic World’s favor.
Jurassic World has a low chance of surpassing Titanic, although the film still has a long theater life ahead, it is just not as leggy. At the end of the day, even if Jurassic World never ends up passing James Cameron’s beloved classic, it still will have broken numerous box office records and lives on as a worthy Jurassic Park sequel.