With three new films opening against it, Disney's "Finding Dory" remained in the number one slot for a third weekend in a row, according to Box Office Mojo. However, this year it turned out that the national holiday is harvesting a weak crop from new releases with a high-cost budget such as "The Legend of Tarzan" and "The BFG", as cited by The Huffington Post.
Finding Dory grabbed $41.8 million, down 42.7% from last weekend and enough to secure the top spot ahead of an over-performing The Legend of Tarzan. Universal and Blumhouse will be laughing all the way to the bank thanks to the solid reception of their horror sequel The Purge: Election Year, which scored a tidy profit - raking in $30.9m with a $34m expected total, after spending a modest $10m on production - and landed itself in third place. The total may be dwarfed by the film's $180-million production budget, but the studio has high hopes for the film's global box office prospects and its legs at home, where good word of mouth is echoed by the film's A-minus grade from audience polling firm CinemaScore.
Directed by David Yates, Tarzan opened in limited overseas release over the weekend, taking in US$18.8 million.
Less of a success story this weekend was the Steven Spielberg adaptation of Roald Dahl's beloved children's book "The BFG", the story of a lonely little girl among giants.
The current summer box office has been much bumpier than usual. "Finding Dory" will have tough competition with 'The Secret Life of Pets" making its debut on Friday, but it should still glide to the all-time animated record within the next couple of weeks. Over the longer 4-day frame The Purge: Election Year collected $36.1 million.
The Purge: Election Year did better than expectations with its $10 million budget as it hit with a $31 million debut, which means we'll definitely be seeing another installment. When all will be said and done The BFG might not even have $70 million domestically. Its opening is about on par with predecessors The Purge ($34.1 million in 2013) and The Purge: Anarchy ($29.8 million in 2014), both of which were summer releases. One might say the odd bomb here and there is to even things out a bit. Rounding out the top five was the sequel "Independence Day: Resurgence" which added another $20 million to its tally for the holiday weekend. In another comparison, The Conjuring 2, with an estimated $4.6 million, sits at an outstanding $96 million in revenue, while Now You See Me 2 and its estimated $3.6 million appears to be disappearing faster than its onscreen magicians, falling well behind the success of the previous entry in the series.