The Expendables 2 earned at least $25.9 million from 36 territories this weekend. It opened in first place in France ($6.1 million), Spain ($2.3 million) and India ($1.8 million). Also, through less than two weeks it has already passed its predecessor's total in Russia ($14.1 million vs. $13.7 million). So far, the action hero team-up has earned over $66 million overseas.
For what it's worth, it's common for studios to include provisions for 'overages' in foreign presale agreements. Unfortunately, terms are rarely disclosed. But considering EX 1 did 180 foreign, it's highly likely LGF has such clauses in place. But without knowing the deal, it's impossible to know what bars they have to clear, and thus it may never be known how much extra EX 2's foreign haul goes back to LGF.
Billy...what does it mean when LGF purchased the rights to distribute the film in North America and UK for no more than $35million? I interpret to mean that they did not fund the production costs and will make a profit in this region if they exceed $35million + P&A costs. Is this accurate? If so, then are there other partners in this that actually negotiate the foreign presale agreements and participate in overrages if applicable? In essence....who actually owns the film? If LGF bought the rights...then they must have paid the owner. If you can provide clarity on this, I would appreciate it.
They may not share international theatrical revenues, but a good Int BO makes those who bought the rights to the movie very pleased. Which, creates a better relationship with distributors and better deals down the road. Int BO theatrical does not add to LGF's bottom line, but it still is a big positive for the company.