US Box-Office suffers its worst summers in 11 years

Image
ANI Washington D.C. [U.S.A]
Last Updated : Sep 05 2017 | 2:22 PM IST

Despite having widely successful movies like 'Wonder Woman,' 'Dunkirk' and 'The Big Sick,' Hollywood has faced the worst summers in 11 years at the ticket windows.

According to Entertainment Weekly, the overall ticket sales have dropped to an estimated USD 3.8 billion this year.

This is dip of more than 14 percent off last summer and the lowest revenue total, unadjusted for inflation, since 2006.

The 'Labour Day' made it even worse, as the box-office tallied an estimated USD 99.5 million this weekend.

The last time a four-day Labour Day weekend failed to top USD 100 million in ticket sales was back in 1998.

Despite summer ending with a whimper, the early months of the season were loaded with hits.

'Guardians of the Galaxy Vol. 2' kicked things off in May and has totaled more than USD 389 million in domestic ticket sales (USD 863 million worldwide).

But it was 'Wonder Woman' that ruled all, with USD 409 million in domestic ticket sales (USD 813 million worldwide).

Though, the industry saw a lot of big movies not getting the numbers they would have wanted.

Movies like 'Pirates of the Caribbean: Dead Men Tell No Tales', 'The Mummy', 'Baywatch', and 'King Arthur' were washouts.

But September may very well be great for Box-Office as Stephen King's 'It' is opening in more than 4,000 theaters on Friday and is expected to shatter the September opening weekend record.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 05 2017 | 2:22 PM IST

Next Story