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

Hollywood Sets Summer Box Office Revenue Record

Sep 3 2013, 6:36am CDT | by 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...

Filed under: news

Full Story below YouTube Videos

 
 

 

33 weeks ago

Hollywood Sets Summer Box Office Revenue Record

Sep 3 2013, 6:36am CDT | by 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

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Shark Tank Hopeful Master Ron Tramontano on Target to Bring the Virtual Martial Arts Competition to the World
Shark Tank Hopeful Master Ron Tramontano on Target to Bring the Virtual Martial Arts Competition to the World
Master Ron Tramontano announced today that he is planning a Shark Tank "fishing expedition" to raise $250,000 for his Virtual Martial Arts Competition.
 
 
Making a Splash with an Above Ground Pool on Designing Spaces™ Airing on Lifetime®
Rich Ruzza from POOLCORP will give viewers an in-depth look at how an above ground pool is quick to install and easy to maintain in this special “Pride in DIY” Edition.
 
 
BullsEye Radio Adds Celebrity Interviews to Their Website
BullsEye Radio Adds Celebrity Interviews to Their Website
BullsEye Radio On TV, a new feature of BullsEye Radio Golden Oldies Internet Radio, is attracting huge celebrity names such as: * Bobby Vinton * Pat Boone * Tommy James and more! Come listen to a conversation with some of the biggest names in the music industry.
 
 
The Balancing Act® Airing on Lifetime® Talks Taking the Stress Out of Giving Pets Meds, Tree of Life for Stronger Immune System
GooFurr, featuring dog Sadie who survived gunshot wounds, and My Olive Tree featuring Dead Sea Moringa Take Center Stage on April 25th show.
 
 
 

Latest from the Network

Google, Apple settle high-tech workers' lawsuit
SAN FRANCISCO (AP) — Google, Apple, Intel and Adobe Systems have settled a class-action lawsuit alleging they conspired to prevent their engineers and other highly sought technology workers from getting better job...
Read more on Business Balla
 
Microsoft Results Beat Estimates, Cheer Investors
The bad news for Microsoft in its fiscal-third quarter was that sales and earnings were both off from a year ago. But the company beat Wall Street estimates and showed surprising strength in its Windows business. Shares...
Read more on Apple Balla
 
Google, Apple settle high-tech workers' lawsuit
SAN FRANCISCO (AP) — Google, Apple, Intel and Adobe Systems have settled a class-action lawsuit alleging they conspired to prevent their engineers and other highly sought technology workers from getting better job...
Read more on Apple Balla
 
Oregon moves to dump health exchange website
PORTLAND, Ore. (AP) — Oregon, once expected to be a national leader in the federal health care overhaul, on Thursday moved to become the first state to dump its troubled online health exchange and use the federal...
Read more on Business Balla
 
Cloud strength helps Microsoft earnings top Street
LOS ANGELES (AP) — In Satya Nadella's first quarterly earnings release as chief executive, Microsoft Corp. on Thursday posted earnings and revenue that beat Wall Street expectations, offering new justification for the...
Read more on Business Balla
 
Aaron Carter wants to 'sweep' Hilary Duff off feet
Aaron Carter wants to "sweep" Hilary Duff "off her feet". The former pop star dated the 26-year-old singer-and-actress for 18 months when they were teenagers, but he now wants the chance to rekindle their romance....
Read more on Celebrity Balla
 
Amazon Shares Rise As Sales Growth Remains Strong
A big question for shareholders of Amazon.com was the strength of its sales growth for the first quarter. The answer today was sales growth is still darn strong, and shares were higher after hours. Amazon.com said it...
Read more on Business Balla
 
Visa Shares Falling On Light Revenue Despite 26% Jump In Second Quarter Profit
Visa, the world’s largest credit and debit card company, reported a 26% jump in second quarter fiscal 2014 profit Thursday afternoon, but shares of the payment technology company are down in after-hours trading thanks...
Read more on Business Balla
 
Do The FDA's Proposed E-Cigarette Restrictions Go Far Enough?
Today the Food and Drug Administration (FDA) finally announced proposed regulations for e-cigarettes, responding to pressure from public health advocates. The popular battery-powered vaporizing devices have come under...
Read more on Business Balla
 
Africa's Richest Woman Plans To Increase Stake in Unitel
Africa’s richest woman, Isabel dos Santos, plans to increase her stake in Unitel, Angola’s largest mobile phone company. According to a report by Portuguese newspaper, Publico, dos Santos (who already owns 25% of Unitel...
Read more on Business Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla