Hollywood should finally have something to scream about at the box office this weekend thanks to "Scream 3." "This weekend there's going to be 'Scream' -- and then everything else," observed one distribution executive.
After two consecutive weekends where all it took was a single-digit gross to top the chart, Hollywood is gearing up for some big numbers. Soaring ticket sales are anticipated as Dimension Films -- Miramax's genre label -- launches the third and concluding chapter of its blockbuster "Scream" series at 3,467 theaters.
"It's probably going to gross what the next four movies combined gross," one insider said, noting that at mid-week the thriller had a 24 percent first-choice tracking score. (Translation: Of moviegoers polled, 24 percent said they would see 'Scream 3' before any other film in release).
"That certainly puts it up in the realm of [the] high-$20 millions or beyond, depending on what [the score] is by [opening day]," the insider predicted.
Others, who are less cautious, see "Scream 3" cracking $30 million or, possibly, even more.
Tracking data available this morning showed even greater strength on the "Scream 3" front.
"It's a 31 percent first choice overall and a 37 percent first choice for males," another studio executive confided. The exec said the flick was a 62 percent first choice for males under 25 and a 40 percent first choice for females under 25 -- "which makes it huge."
How huge is huge?
"No one can predict the box office," the executive said, noting that in terms of those who said they would "go to see the movie right away," the tracking showed a 42 percent overall response and a 49 percent overall male response. "What you can figure out from that 42 percent is that, if the marketplace is going to have a $70 million weekend, take 42 percent of that and assume that it's going to do, at least, $29 million. And for the heat of a film like this, I'd say it could be anywhere from $25-30 million.
Directed by Wes Craven, "Scream 3" stars franchise players David Arquette, Neve Campbell, Courteney Cox Arquette and Liev Schreiber. It's the first film in the series not to feature a script by teen horrormeister Kevin Williamson. Instead, "Scream 3" was cranked out by the would-be all-new Kevin Williamson: 27-year-old Ehren Kruger ("Arlington Road").
Asked about "Scream 3's" ultra-wide release, one industry source commented: "I'm not sure there's that many [theaters] worth having, but whatever. They're as wide as you can go. The tracking is very strong. The last one opened to nearly $33 million and this one is within striking distance of that."
"Scream 2" opened on Dec. 12, 1997, pulling in $33 million in its opening weekend. The original "Scream" bowed on Dec. 20, 1996, earning $6.35 million in its first weekend en route to a $103 overall domestic gross.
"After 'Scream,' it's the battle of the single digits," a distributor said. "I'm betting 'Eye of the Beholder' takes a bigger drop than 'Hurricane' does because 'Hurricane's' been pretty steady since the Golden Globes."
The distributor predicted "The Hurricane," starring Globe-winner Denzel Washington, would be down 15 percent from last weekend, ending up in the "high $4 millions." He said the Ashley Judd-toplined "Eye of the Beholder" (last weekend's No. 1) and the comedy "Next Friday" would end up in the "low $4 millions," with "Stuart Little" rounding out the Top Five.
Two films are scheduled to open in limited runs this weekend, but insiders say neither is tracking particularly well. The black comedy/adventure "Gun Shy," starring Sandra Bullock, will open in 296 theaters in the Top 10 markets.
"It's not even being tracked because it's going so limited," an insider said.
Also arriving, at about 500 theaters, is Fine Line Features' R-rated suspense/dark comedy "Simpatico." Based on the play by Sam Shepard, Nick Nolte, Jeff Bridges and Sharon Stone star in a story of love, betrayal and money set in the world of thoroughbred horse racing.
As for next weekend? One studio source said there already were encouraging signs. Leonardo DiCaprio's "The Beach" is "a 9 percent first choice right now, followed by 'The Tigger Movie' with 5 percent first choice, which is actually pretty good tracking for a kids' movie. [The family comedy] 'Snow Day' is at 3 percent."
The source also reported that "Hanging Up," the Diane Keaton-Meg Ryan-Lisa Kudrow comedy, is already tracking a 6 percent choice - and it doesn't open until Feb. 18. Said the source: "So maybe people are perceiving it as sort of another 'First Wives Club' type with the three actresses."
Tracking scores typically increase as a film grows closer to its release date.