Japan Earthquake Hampers Hollywood’s International Box Office
Japan’s earthquake and tsunami were partially to blame for a 60 percent drop in Hollywood’s international box office last weekend, according to one Wall Street analyst.
Tuna Amobi, an analyst with Standard & Poor’s, said in a research note that DreamWorks Animation SKG Inc.’s superheroes comedy “Megamind” was “seemingly dislocated” and didn’t open as planned in Japan.
Japan’s $2.7 billion box office represents about 9.5 percent of the international market, Amobi estimated. Among other movies “with possible disaster-related fallout” are Walt Disney Co. (DIS)’s animated “Tangled,” News Corp. (NWSA)’s third installment of the Fox fantasy film “The Chronicles of Narnia” and Weinstein Co.’s Oscar-winning “The King’s Speech,” he wrote.
Paul McGuire, a Warner Bros. spokesman, confirmed a Los Angeles Times report that the studio, a unit of Time Warner Inc. (TWX), withdrew its Anthony Hopkins supernatural drama “The Rite,” which was scheduled to debut in Japan on March 19.
It also pulled Clint Eastwood’s “Hereafter” from theaters, as it opens with a scene depicting a tsunami. The Times reported that Sony Corp. was considering delaying the opening of its science-fiction epic “Battle: Los Angeles” because it features an alien destruction of the Los Angeles coastline.
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