'Giant Slayer' scares up ho-hum $28 million debut

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This film image released by Warner Bros. Pictures shows Nicholas Hoult in a scene from "Jack the Giant Slayer." (AP Photo/Warner Bros. Pictures)
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"Other films have done OK but we need to do better than OK to keep up with last year's pace," he said. "Where is the audience? I don't want to overstate this, but where are the guys?"

Among the few bright spots, the Jason Bateman-Melissa McCarthy comedy "Identity Thief" has become the first film to cross the $100 million mark this year. Now in its fourth week in theaters, the Universal movie has made $107.4 million.

"This is a tough marketplace right now. Everything is underperforming," Dergarabedian said. "There hasn't been a huge breakout hit yet. For every 'Identity Thief' there have probably been 10 other films that have underperformed."

Meanwhile, winners at last weekend's Academy Awards, including "Argo," ''Silver Linings Playbook" and "Life of Pi," are still sticking around in the top 20 after several months in theaters, further underscoring the weakness of recent new releases.

But Dergarabedian was optimistic that things will turn around with the opening next week of Disney's "Oz the Great and Powerful," a much-anticipated prequel to "The Wizard of Oz" starring James Franco and directed by Sam Raimi. It's expected to open in the $75-100 million range.

"We need the cavalry to arrive and we need them soon," he said. "Maybe James Franco is the cavalry."

Estimated ticket sales for Friday through Sunday at U.S. and Canadian theaters, according to Hollywood.com. Where available, latest international numbers are included. Final domestic figures will be released Monday:

1. "Jack the Giant Slayer," $28 million. ($13.7 million international.)

2. "Identity Thief," $9.7 million.

3. "21 & Over," $9 million.

4. "The Last Exorcism Part II," $8 million.

5. "Snitch," $7.7 million.

6. "Escape From Planet Earth," $6.7 million.

7. "Safe Haven," $6.3 million.

8. "Silver Linings Playbook," $5.9 million.

9. "A Good Day to Die Hard," $4.5 million. ($18.3 million international.)

10. "Dark Skies," $3.6 million.

___

Estimated weekend ticket sales at international theaters (excluding the U.S. and Canada) for films distributed overseas by Hollywood studios, according to Rentrak:

1. "A Good Day to Die Hard," $18.3 million.

2. "Hansel and Gretel: Witch Hunters," $15.2 million.

3. "Jack the Giant Slayer," $13.7 million.

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