It’s that time of year again. The time when actors and actresses are honored for all the hard work they piled together in the 12 months leading up to one moment of pay off and a tiny little statue. We’re speaking, of course, about the Razzie Awards. These are the awards given out on the eve of Oscar night to those actors, actresses, and fimlmmakers who have produced some of the worst film projects to hit theaters in the past year.

Many remember last year’s big Worst Actress winner being Sandra Bullock, who went on the very next night to win an Oscar for a role in a completely different film. This year’s potentials could have the same luck, but we doubt it. Here’s the shortlist of actors from LA Times.

Among movies and actors shortlisted for the Razzies are Jessica Alba, who is eligible for worst supporting actress for four films (“The Killer Inside Me,” “Little Fockers,” “Machete” and “Valentine’s Day”), and Emily Blunt, eligible in the same category for her work in “The Wolfman” and “Gulliver’s Travels.”

There was no runaway hit this weekend at the box office, as the top three movies were only separated by a few million dollars. When it was all said and done, Shutter Island managed to hold on to the top spot with $22.2 Million. The movie has managed to gross $75 Million to date.

The Kevin Smith directed Cop Out did not seem to be hindered by horrific reviews. It still came in at the number two spot, and made $18.5 Million. This is the largest opening weekend for a Kevin Smith film. With a $30 Million budget, this movie should be profitable.

Overture films scared up $16.5 Million with the horror flick The Crazies, and it should easily recoup its $20 Million budget.  I was hoping to see a little higher total, but good word of mouth should help this in the next few weeks.

Avatar stuck around yet again, and made $14 Million.  It has now exceeded $700 Million domestically. Next weekend Alice in Wonderland will be taking over a lot of the screens, so there is certain to be a drop in its box office totals.

Holdovers Percy Jackson and Valentine’s Day both brought in about $9M.

Director Martin Scorsese and frequent collaborator Leonardo DiCaprio proved to be a lethal combination at the box office this weekend, as Shutter Island sold the most tickets. The psychological thriller scared up a healthy $40 Million during its first weekend in release, buoyed by mostly favorable reviews. The film piqued the interest of horror fans, DiCaprio fans, and  Scorsese loyalists.

Despite tumbling a massive 69% from its opening weekend, Valentine’s Day still managed to snag an additional $17 Million. Avatar is still comfortably hanging out in the top five, and added $16m to its staggering totals. Ten weeks, people. Unbelievable.

Number four Percy Jackson dropped about 50% for $15 Million. Universal’s worst fears about The Wolfman have come true. The film dropped 68% from last weekend, and made a measly $9.8 Million.  That $150 Million budget looks impossible to make back at this time.

You can’t blame it strictly on bad word of mouth-I have yet to hear of one single person who actually enjoyed Valentine’s Day, yet people still flocked to see the film. Quite frankly, I am scratching my head over this turn of events. There’s a reason I don’t write box office predictions.

Outside of the top five, Dear John is shaping up to be a nice hit for Sony. After 3 weeks in release, the film has more than doubled its budget of $25 Million, and has made a solid $65.9 Million.

This week on The Flickcast Chris and Matt work alone and without a net covering all kinds of new topics including Toy Fair 2010, the box office success of Valentine’s Day and The Wolfman and new adaptation announcements such as Dean Koontz’s Frankenstein and Dracula (aka Vlad the Impaler). They also discuss the oddness and length of recent movie titles, the Avatar prequel novel, the potential endings for ABC’s Lost and who rules Bartertown.

They both also made some good picks again this week incuding Matt’s pick of Cirque du Freak: The Vampire’s Assistant and Chris’ pick of the Martin Scorsese gangster classic Goodfellas, featuring Ray Liotta, Joe Pesci and Robert De Niro.

As always, if you have comments, questions, critiques, offers of sponsorship or whatever, feel free to hit us up in the comments, on Twitter, at Facebook and MySpace or via email.

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Doh! Women flexed their box office muscles once again and helped boost the bland Valentines Day to a record breaking weekend.  Silly Hollywood, when will you learn?

First we had New Moon, then last weekend Dear John, and now Valentine’s Day. Each time a movie that has a largely female demographic wins the weekend, all the trades are SHOCKED to find out that women go to the movies.

Each time, I read that there will be a onslaught of female centric movies green lit by the studios.  And, it never happens.  I must say I am not completely proud of what my sisters choose to spend their box office dollars on (before you boys snicker, might I remind you of G.I. Joe, and Transformers), but it is interesting to note  this possible shift in marketing.

Three day totals for Valentine’s Day are around $52 Million, making it the highest grossing movie ever for a President’s Day weekend. Women weren’t the only ones in the mood for movies this weekend. Percy Jackson and the Olympians: The Lightning Thief made a very respectable $31 Million over the weekend, and Benicio Del Toro’s The Wolfman took a bite out of the box office to the tune of $30 Million (sorry, that was a terrible pun.)

Avatar took a tumble to the number four position this weekend, but a $22 Million gross is still quite astonishing for its ninth week in release.  Dear John dropped about 50% from its opening weekend, which is average, and earned an additional $15 Million.

The action movies Edge of Darkness, and From Paris, With Love both are shaping up to be box office disappointments.  Edge of Darkness has only made $36 Million in three weeks (with a budget of $80 Million), and From Paris now stands at $15 Million after two weeks.