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Traders really need to look at how severely underpriced BLUJM is (IMO)... analysis inside
Blue Jasmine has outperformed Midnight in Paris in per theater average all three weeks so far.
Blue Jasmine is only $600K behind MiP (at this point) but only because Midnight had a holiday weekend in its first three week run and (this is a BIG AND) played in 8 more theaters the 2nd week, 31 more the 3rd week!!!
Blue has another week of limited release, while Midnight went wide wide in its 4th week.
Blue will get a 3.0 multiplier once it goes HSX wide.
Now combine all those factors. Given its extremely limited release at this point, lets just say BLUJM only makes the same amount it made its last 7 days... 3.4M. Then staying conservative lets say it makes another 600K before it goes wide. That would put its total at 10.2M when it goes HSX wide.
If it opens to 5.8M like Paris did when it went wide that would be...
(5.8 x 3.0) + 10.2M = 27.6M adjust
i should note that I'm not exact on the number of screens it's getting on the 23rd, but to this point it certainly looks like it will challenge Paris for box office total. I will also note that Paris delisted at 34.58 and made 56.8M in its domestic run.
Do the math and trade responsibly.
Traders really need to look at how severely underpriced BLUJM is (IMO)... analysis inside on Aug 11, 12:24
Midnight in Paris was a comedy, though, and this is a drama (I think!). His dramas don't perform as well. {nm} on Aug 12, 02:48
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