‘Great Gatsby’ battles ‘Iron Man 3’ at the box office, how much can ‘Gatsby’ make?

The summer movie season kicked into high gear last weekend with Iron Man 3’s amazing debut, earning the second-biggest weekend in history. Now, Tony Stark will have to go up against a very different rival - The Great Gatsby, Baz Luhrmann’s glitzy adaptation of F. Scott Fitzgerald’s legendary book.

Last weekend, Iron Man 3 opened to $175 million, the second biggest debut in history. Only Marvel’s The Avengers grossed more when it made $207 million in 2012. For its second weekend that year, Avengers made $87 million, notes Box Office Mojo. So, the site predicts that Iron Man 3 will have a similarly strong second weekend with at least $70 million.

Gatsby finally hits theaters this weekend after almost coming out on Christmas day last year. While the stars of the film have all scored recent hits - especially DiCaprio, who starred in Django Unchained - this is a huge test for director Luhrmann. As The Wrap notes, this is his first film since 2008’s Australia, a big-budgeted epic that made $211 million worldwide on a $130 million budget and was a critical disappointment. Luhrmann wrote the script and packed the film’s soundtrack with modern artists produced by Jay-Z, which Warner Bros. is heavily promoting.

The film should make around $40 million for its first weekend, although THR reports that the studio is going with a more modest $35 million prediction.

The other new film hitting theaters is the Tyler Perry-produced Peeples with The Office’s Craig Robinson. Even though he didn’t direct it, Perry’s name has been a heavy presence in the marketing, so it will probably open around $15 million.

Mud with Matthew McConaughey continues to add new locations, bringing its theater count to 853 this weekend.

{"code":"internal_server_error","message":"

There has been a critical error on your website.<\/p>

Learn more about debugging in WordPress.<\/a><\/p>","data":{"status":500},"additional_errors":[]}