Monday, August 17, 2009

[Update] Box Office Returns - Weekend 8/14/09-8/16/09

Well, it looks like I was right on Time Traveler's Wife and really wrong District 9. I haven't been able to get the #1 movie right in a while now but I keep getting the smaller movies to make up for it. Needless to say this weekend was not a winner for me.

What happened with District 9 is that I built a position pretty early when tracking had the movie around $20 Million. I saw some good odds at $25 Million and thought I was getting a steal. When tracking went up to $25 Million the very next week, I kind of shrugged it off and didn't pay it too much attention. I really didn't think a movie about Aliens which was really about Apartheid could have been any good or would get any box office success. Boy, was I wrong.

Daily Chuck Accuracy
District 9: Prediction $27.3 Million - Actual $37,354,308 - 36.8% Off
Time Traveler's Wife: Prediction $18 Million - Actual $18,623,171 - 3.4% Off
The Goods: Live Hard, Sell Hard: Prediction $7.5 Million - Actual $5,642,137 - 24.8% Off
Bandslam: Prediction $5 Million - Actual $2,231,273 - 55.3% Off
Ponyo: Prediction $3 Million - Actual $3,585,852 - 19.5% Off

Movies Wagered On Average - 20.1%
Total Opening Weekend Prediction Average - 27.96%

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