'Ted 2' Lags Behind 'Jurassic World,' 'Inside Out'

Seth MacFarlane's "Ted 2" opened far under expectations with $32.9 million, according to Rentrak estimates Sunday, ceding the top two spots to holdovers "Jurassic World" and "Inside Out."

While $32.9 million is a solid opening for an R-rated comedy, bigger things were expected from "Ted 2," which cost a reported $68 million to produce.

The Universal Pictures sequel was expected to earn somewhere in the $50 million range going into its debut weekend, thanks to the record-setting precedent of the first film, which earned $54.4 million in 2012.

In addition to mediocre reviews, perhaps the initial intrigue around a raunchy stuffed animal has worn off a bit.

"It's hard to maintain that hyper level of excitement once people have seen the talking Teddy bear," Rentrak's Senior Media Analyst Paul Dergarabedian said. "In comedy, it's about inventiveness, newness and the shock value of something original."

Universal's domestic distribution head, Nick Carpou, said that the positive response from exit polls indicates a promising life for the movie in the weeks ahead.

"We could have had a higher gross, but we get the gross we get. It was a very competitive marketplace this weekend," said Carpou, who noted that the first film's gross was a massive surprise to the studio.

"Jurassic World," also a Universal film, narrowly held the top spot for the third weekend in a row with a mighty $54.2 million, pushing it past the $500 million mark domestically — only the fifth film to do so in history.

Carpou said the film's record-setting performance has exceeded his high expectations every step of the way. He's excited that it seems that audiences are returning for repeat viewings.

Disney and Pixar's "Inside Out," meanwhile, finished at a close No. 2, earning $52.1 million — only a 42 percent drop from its first weekend in theaters.

Dergarabedian marveled at the consistency of "Jurassic World" and "Inside Out."

"These are no flash-in-the-pan movies. Both are delivering exactly what audiences want," he said.

"Max," the other new opener, brought in a modest but expected $12.2 million to finish fourth. Warner Bros. is distributing the PG-rated MGM movie about a PTSD-afflicted military dog who goes to live with his handler's family.

The film, which cost under $20 million to produce, is performing especially well in the South, the Southeast and the Midwest, according to Warner Bros.' domestic distribution EVP Jeff Goldstein.

Overall, the box office is still booming, up 7 percent from last year. With "Magic Mike XXL" and "Terminator Genisys" set to open Wednesday in advance of the holiday weekend, things are only going to heat up.

Estimated ticket sales for Friday through Sunday at U.S. and Canadian theaters, according to Rentrak. Where available, the latest international numbers for Friday through Sunday are also included. Final domestic figures will be released Monday.

(© Copyright 2015 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)