‘Speed Racer’ loses at the box office

(andPOP) - The Wachowski Brothers’ kaleidoscopic retelling of the classic cartoon series “Speed Racer” opened this weekend with an estimated $20.02 million with “Iron Man” coming in first with $50.05 million.

“In terms of Warner Bros., this is a yellow flag of caution,” said Bock of Exhibitor Relations Co. “Don't be surprised if Speed Racer comes in third, when all is said and done.”

Speed Racer’s failure to succeed at the box office is disastrous considering the movie cost well in excess of $100 million and Warner Bros. expected the movie to be a major summer hit.

“Iron Man” is already Marvel’s 2008 top earner, with a 10-day total that now stands at $177.1 million.