Hollywood Sets Summer Box Office Revenue Record

Sep 3 2013, 6:36am CDT | by ABC News Radio

Hollywood Sets Summer Box Office Revenue Record
Photo Credit: ABC News Radio

Jupiterimages/Thinkstock(NEW YORK) -- The Labor Day weekend signaled the end of a summer movie season that provided mixed results for Hollywood.

On one hand, a record was set for summer box office revenue, $4.7 billion, a 10.2 percent rise from last year and about $300 million more than the previous mark set in 2011.  In addition, attendance jumped 6.6 percent.

Then again, ticket prices were up 27 cents on average from the 2012 summer movie season, which at least partly explains the increase in revenue.  And it was only the 12th best summer movie season over the past 20 years in terms of actual number of tickets sold.

The highest-grossing movie this summer was Iron Man 3, which debuted in May and made over $400 million domestically. />/>/>/>

Hollywood.com box office expert Paul Dergarabedian notes that each of the top six summer films was either a sequel or a reboot: Iron Man 3, Despicable Me 2, Man of Steel, Monsters University, Fast & Furious Six, and Star Trek Into Darkness.

There were plenty of other big-budget films that were considered box office bombs, such as The Lone Ranger and the Will Smith-Jaden Smith flick After Earth.

Nevertheless, Dergarabedian says the summer movie season helped turned Hollywood's fortunes around./>/>/>/>

He comments, "The year started out really slowly, and in fact when we kicked off the summer with Iron Man 3, the year-to-date box office was down almost 11 percent versus last year.  And by the end of the summer, we pulled just ahead of year-to-date box office, so what a difference 18 weeks of the summer make."

Copyright 2013 ABC News Radio

Source: ABC News Radio

 
 
 

blog comments powered by Disqus

Latest stories

David Letterman Talks Life After Retirement
David Letterman Talks Life After Retirement
After all these years of having someone make calls for me, i can no longer operate a telephone, the former host of the "Late Show" says
 
 
Jurassic World Star Chris Pratt Runs in Heels - Watch
Jurassic World Star Chris Pratt Runs in Heels - Watch
Chris Pratt shows tries to copy his co-star Bryce Dallas Howard’s sprint in red heel in the upcoming film Jurassic World.
 
 
Homer and Marge are Splitting up in the 27th Season of The Simpsons
Homer and Marge are Splitting up in the 27th Season of The Simpsons
Homer, who is diagnosed with narcolepsy, falls in love with his pharmacist
 
 
Bachelor Chris Soules and Whitney Bischoff Break Silence on Breakup
Bachelor Chris Soules and Whitney Bischoff Break Silence on Breakup
A day after announcing the break off of their six month long engagement ‘The Bachelor’ responds to fans on social media.