In Focus: Film companies

“Speed Racer” couldn’t knock “Iron Man” down over the weekend, as the metal superhero remained atop the box office heap and the cartoon adaptation crashed with a disappointing gross.
“Iron Man,” which stars Robert Downey Jr. as the title hero, was the top-grossing movie, with a haul of $50.5 million. That was down from $100.7 million in its first weekend, but still far more than the competition. “Iron Man” was producer by Marvel Entertainment Inc. and distributed by Viacom Inc.’s Paramount Pictures.
Time Warner Inc.’s “Speed Racer,” based on the popular cartoon and directed by the Wachowski brothers pulled in $20.2 million. That was a disappointing result for the film, which Deutsche Bank analyst Doug Mitchelson said cost about $120 million to make.
Those costs were split between Time Warner and Australian media company Village Roadshow, Mitchelson said, but because reviews and test screenings were largely negative, the costs of the film may have already been partly written off.
Ingrid Chung of Goldman Sachs had said she expected “Speed Racer” to make around $30 million over the weekend. She expected the Ashton Kutcher/Cameron Diaz comedy “What Happens in Vegas” to make about $20 million, and the movie did end up with a gross of $20 million.
Mitchelson said “Vegas” cost only $35 million to make. The movie is being distributed by 20th Century Fox, a unit of News Corp.
Sony Corp.’s romantic comedy “Made of Honor” made $7.6 million.
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