Box office roundup: Hunger Games and a Hobbit setting up theaters for strong Q4


The Hunger Games: Catching Fire has another week to dominate the box office before getting a serious challenge from Warner Bros' The Hobbit: the Desolation of Smaug next week. Estimates see the film which has already toppled the $300M level for box office sales in the U.S. pulling another $35M-$40M this weekend.

Disney's (DIS +1%) Frozen is forecast to add another $30M to $35M to the coffers. The success of the 3-D animation could also help drive consumer products sales for Disney.

Though shares of Lions Gate (LGF +0.5%) haven't seen a bounce from the Hunger Games frenzy due to the sky-high expectations already baked in, analysts think theater operators (CKEC, CNK, RGC, MCS, RDI, AMC) could report better-than-expected Q4 numbers.

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Comments (4)
  • Andrew Shapiro
    , contributor
    Comments (2135) | Send Message
     
    The further good news about the Hobbit coming out next is that the movie has a heavy popularity in Aus/New Zealand due to that region's involvement in the franchise's production. Reading Int'l $RDI is the 3rd largest theater operator in NZ and the 4th largest in Australia, while the other mentioned exhibitors have nothing in those countries.
    6 Dec 2013, 12:10 PM Reply Like
  • deercreekvols
    , contributor
    Comments (9412) | Send Message
     
    Are the sky-high profits for the next two Hunger Games films baked-in too?

     

    Plenty of room to move.
    6 Dec 2013, 03:03 PM Reply Like
  • psychological-dividends
    , contributor
    Comments (820) | Send Message
     
    Expectations are a dangerous enemy.
    7 Dec 2013, 01:05 PM Reply Like
  • deercreekvols
    , contributor
    Comments (9412) | Send Message
     
    Analyst expectations are a dangerous enemy.

     

    Catching Fire didn't meet opening weekend "expectations" of analysts. I am more than pleased with LGF since I added them to my portfolio. They have met every expectation that I have.

     

    Long LGF and enjoying.
    7 Dec 2013, 04:49 PM Reply Like
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