Super 8 Surpasses Tracking by 20%, Wunderlich Securities Reports

According to a report by Wunderlich Securities, box office for the top 12 movies fell 5.9% to $144.8.7 million “with Super 8 emerging as the #1 weekend movie with an about-20% better-than-expected $37.0mm.”

“20th Century Fox's X-Men prequel fell 55% from its opening weekend to $25.0mm, with cume now at $98.9mm,” Wunderlich Securities writes. “The Hangover: Part II raunchy Thai adaptation fell 41% to $18.5mm but has already grossed $216.6mm stateside.

“Year-to-date box office is now down 6.9% vs. 7.0% a week ago, according to Hollywood.com. The major films next weekend are Warner Bros.' Green Lantern, with heavy marketing outlays but bad buzz, and Fox's Jim Carrey comedy, Mr. Popper's Penguins. The market remains fixated on weakening 3-D movie result, but we feel that we have been generally realistic in 3-D increasing movie result dispersion and (NYSE: IMAX) screens having overwhelming appeal and pricing power relative to the more lackluster RealD (NYSE: RLD) format.”

IMAX currently trades at $31.45; RealD trades at $20.90.