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

Bill Cosby Sexual Assault Case Facts
Bill Cosby Sexual Assault Case Facts
The Bill Cosby sexual assault case is to proceed into its preliminary stages. The #1 Black American comedian in the Land of Opportunity is beset by accusations that are very serious in their severity as far as crimes of passion are concerned.
 
 
Fox launches 201 Days Of The X-Files
Fox launches 201 Days Of The X-Files
Fox is broadcasting all X-Files episodes in the lead-up to the premiere of the new X-Files in 2016.
 
 
Harry Shearer is Returning to the Simpsons
Harry Shearer is Returning to the Simpsons
The voice actor left the show in May over contract dispute. He has now signed the same contract as the other voice cast of the show. Shearer will be back for the 27th and 28th season of the "Simpsons"
 
 
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