How Did Monsters University and World War Z Do This Weekend?
The movie box office continued its impressive run this weekend as Monsters University, made by The Walt Disney Company’s (NYSE:DIS) Pixar Studios, and World War Z, distributed by Viacom’s (NASDAQ:VIA) Paramount Pictures, both exceeded their expected ticket sales. Overall, the box office is on pace to have a 45 percent increase from the same time last year.
Monsters University is currently on pace for an opening weekend above $75 million, after taking in an estimated $30 million on Friday alone, making it the number one film at the box office. The estimated weekend box office yield would make it Pixar’s second-largest opening behind 2010′s Toy Story 3, which had a $110 million opening weekend.
The bigger surprise is the performance of World War Z, which has been mired by reports of production problems and bad buzz. It appears the rumors have been overblown, or at least ignored by the general public, as the film made $25 million on its opening day putting it on track for a $65 million weekend yield, second to only Monsters University.