Memorial Day Box-Office Hits 21st Century Low

The total of this year’s four-day Memorial Day holiday box-office added up to $172.3 million, making it the lowest Memorial Day box office since 1999 when the second weekend of “Star Wars: Episode I – The Phantom Menace” reigned as champ over a holiday total of $142.5 million.

Part of that was the disappointing results of the newcomers. For the four days, the $230 million-budgeted fifth “Pirates of the Caribbean” film scored just $76.6 million with $62 million of that from the Friday through Sunday. That Fri-Sun total is less than half what the first ‘Pirates’ sequel opened to in 2006.

Then there’s the Dwayne Johnson-led R-rated comedy “Baywatch” which pulled in just $18.1 million for the three-day weekend and will finish around $22 million for the four-day holiday weekend – basically half of what early estimates for the film had suggested.

In fact, it will be beaten by “Guardians of the Galaxy Vol. 2” which has been the only success story of the Summer thus far. That film will land estimated $19.89 million for the three-day and is expected to finish around $24 million for the four-day.

“Alien: Covenant” is coming in fourth with a massive 71% drop in its second weekend, one of the largest on record for such a wide release film, which means it will earn just $10.5 million for the three-day second weekend.

Source: Box-Office Mojo