SPEED RACER A WRECK ON FIRST LAP
Monday, May 12 2008
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Warner Bros.' Speed Racer was barely able to go from zero to 20 -- $20 million, that is -- and could turn out to become one of the biggest box-office wrecks in history. Most analysts low-balled their predictions at around $30-40 million, a conservative figure in itself given industry estimates that it cost as much as $300 million to produce and market. Warner Bros. estimated that it would actually end up with $20.2 million, putting it in second place behind Paramount/Marvel Studio's Iron Man, which grossed $50.5 million in its second week. That extra $200,000 may have been tacked on in a face-saving effort to put it ahead of What Happens in Vegas, which opened with an estimated $20 million to place third. Some box office trackers forecast that Speed Racer might well trade places with Vegas when final figures are released later today (Monday).
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