'Harry Potter' faces steep drop

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'Harry Potter' faces steep drop

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After a record breaking start the finale of Harry Potter faces steep drop.

19 July,2011 10:45 am

After a record breaking start the finale of Harry Potter and the Deathly Hallows: Part 2, faced a steep drop at the box office.The film opened at the record $169.2 million weekend and had nowhere to go but down — and sharply — in its second weekend. Adding in its record international income of $312.3 million, Deathly Hallows: Part 2 closed at $500 million after just days in release. Only 11 films have ever reached that level in the US, including Avatar at $760.5 million, Titanic at $600.8 million and The Dark Knight at $533.3 million. Domestic revenues fell 60 percent in their second weekends, a steep drop but typical for many blockbusters that count on opening weekend for a huge portion of their total income.Because of its record launch, the finale could drop even further, down as much as 65 to 70 percent next weekend. Distributor Warner Bros. predicts the finale will easily top $1 billion worldwide, joining only a handful of films that have reached that level.