Agent Cody Banks 2: Destination London
|Budget: $26 million||Financed by: MGM|
|Domestic Gross: $23,630,159||Domestic Distributor: MGM|
|Overseas Gross: $5,188,836||
Directed by: Kevin Allen
Produced by: Bob Yari
After the first box office weekend of Agent Cody Banks in 2003, MGM announced plans to fast track a sequel and indeed they did, with this sequel in theaters the same weekend in 2004. Hoping to turn the moderate success of the original into a modestly priced franchise, MGM financed the sequel for $26 million. MGM partnered with fast-food chain Wendy’s for promotion and opened Agent Cody Banks 2 in 2,973 theaters against Secret Window and Spartan, both targeting older auds. Agent Cody Banks 2: Destination London opened to franchise killing numbers with $8,014,005 — placing #5 for the weekend led by The Passion of the Christ in frame three and Secret Window. The film saw a small 24.8% second weekend decline to $6,030,302 but fell 54.1% the third weekend to $2,769,212 when Scooby-Doo 2: Monsters Unleashed opened. Agent Cody Banks 2: Destination London closed its run with $23,630,159 leaving MGM with about $12.9 million after theaters take their percentage of the gross, which would not cover their P&A costs or any of the budget. The film saw a small release overseas, grossing just $1.8 million in the UK, which was the highest gross of its small $5,188,836 total and went straight to video in Italy and most smaller markets.