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Summer box office doldrums continue after weak holiday weekend

  • The summer box office stayed in a sluggish trend with a 4th of July weekend that failed to produce any fireworks.
  • The top 12 films for the weekend earned $118.5M, down 47% from last year when Despicable Me 2 and The Lone Ranger debuted.
  • Transformers: Age of Extinction led the box office rankings with a $36.4M haul for Paramount (VIA, VIAB), while Tammy opened to $32.9M over the five days for Warner Bros. (TWX).
  • The summer box office is now down nearly 20% Y/Y after the misfire during the crucial holiday weekend.
  • Related stocks: CKEC, CNK, RGC, MCS, RDI, AMC, IMAX, FOXA, SNE, CMCSA, LGF.
Comments (3)
  • williamwilliam
    , contributor
    Comments (604) | Send Message
     
    Down 20% Y/Y is dismal. What is the REIT exposure since theater building ownership is wrapped up in them?
    7 Jul 2014, 06:21 PM Reply Like
  • chopchop0
    , contributor
    Comments (3748) | Send Message
     
    No really great movies to see outside of maybe X-men and a couple others.
    7 Jul 2014, 08:41 PM Reply Like
  • DavidHart
    , contributor
    Comments (37) | Send Message
     
    Exactly... The only good movies out, in my opinion, are Transformers and X-Men.

     

    Tammy should have come out in Jan/Feb/Mar with the rest of the B movies, Earth to Echo and How to Train Dragon 2 are kids movies that should be out during Christmas or Thanksgiving, Jersey Boys is really a fall movie, and Deliver us from Evil is a Halloween movie.

     

    I get that the movie producers are trying to tap into different audiences during the summer but they have forgotten that audiences want fun action movies. In my opinion, other genres tend to do poorly, in comparison, during the summer.

     

    Looking at the release schedule, there aren't any decent movies coming out until August. It's almost as if the movie studios have written off June and July...
    8 Jul 2014, 12:28 PM Reply Like
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