On RottenTomatoes.com, recent Warner Brothers release Fool's Gold earns a rating of 10% (out of a possible 100%) and a consensus review: "Full of humorless gags, a predictable storyline and flat performances." Nearly 750 users of The Internet Movie Database give the stock a grade of 4.8 on a 1-10 scale. And still, the romantic-adventure led by Matthew McConaughey and Kate Hudson (and featuring Malcolm-Jamal "Theo Huxtable" Warner) scored big at the box office, drawing nearly $22 million to nab the number-one spot for the typically slow weekend. With Valentine's Day on Thursday, the Time Warner (NYSE: TWX) unit is hoping Fool's Gold continues to lure couples into the theaters this upcoming weekend (unless they place a lot of weight in Internet reviewers).
Box-office expert Paul Dergarabedian told The Wall Street Journal that the release date is shrewd marketing indeed. "A great marketing campaign, two appealing stars, and reviews be damned... heading into Valentine's week, it's sort of a natural."
Elsewhere on the charts, Martin Lawrence vehicle Welcome Home Roscoe Jenkins opened at number 2, pulling in $17.1 million. In its second week, The Walt Disney Company (NYSE: DIS)'s Hannah Montana & Miley Cyrus: Best of Both Worlds Concert (phew) took in $10.5 million, moving into third place after topping the box-office charts last weekend.
And in case you missed it, The Hottie and the Nottie, starring Paris Hilton, was released in 111 theaters and earned an average of $225 per site, for a pitiful total draw of $25,000, according to estimates. Write your own joke here.
Beth Gaston Moon is an analyst at Schaeffer's Investment Research.
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