Summer box office doldrums continue after weak holiday weekend

|By:, SA News Editor

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.