Hollywood has worst summer box-office in 8 years

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With kids out of schools, summertime is usually box office gold for Hollywood, but not the summer of 2014.
Pamela McClintock reports for The Hollywood Reporter, July 23, 2014, that we’re now less than six weeks before Labor Day, the traditional end of summer, and hopes for recovery at the North American summer box office have evaporated.
Hollywood’s summer box office is expected to finish down by as much as 15% to 20% compared with 2013, the worst year-over-year decline in three decades. Total revenue for the summer of 2014 will struggle to crack $4 billion, which hasn’t happened in eight years. As a result, analysts predict that the full year is facing a deficit of 4% to 5%.
Even bullish observers are grim. Rentrak’s Paul Dergarabedian says, “Moviegoing begets moviegoing, and we have lost our momentum. People aren’t seeing trailers and marketing materials. They still want to go to the movies — they just want to go to really good movies.”
Although there have been no Lone Ranger-size debacles, for the first time since 2001 no summer pic will cross $300 million domestically (X-Men: Days of Future Past, Maleficent and Transformers: Age of Extinction hover near $230 million). May kicked off with The Amazing Spider-Man 2 earning $200 million less domestically than 2013’s Iron Man 3; by July 20, the divide had swelled to nearly $690 million as revenue topped out at $2.71 billion, down 20% compared with the same period last year. Many medium-size studio movies also have underperformed this summer, including Seth MacFarlane’s A Million Ways to Die in the West and Sony’s comedy Sex Tape, starring Cameron Diaz (who is so stupid she thinks she can shave her vagina) which opened July 18 to a meager $14.6 million.
International returns remain strong, making up for some of the damage, but in certain cases they aren’t enough. Spider-Man 2 topped out at $706.2 million globally, notably behind the $757.9 million earned by The Amazing Spider-Man in 2012.
“Young men haven’t been as enthusiastic as usual,” says analyst Phil Contrino. “Maybe [studios] shouldn’t just go after this demo when building their summer tentpoles.” Female-fueled properties, including Maleficent and The Fault in Our Stars, have produced some of the summer’s biggest success stories.
Also contributing to the malaise is a lack of family product (including no Pixar movie), the allure of TV and myriad ways consumers can view entertainment in their homes. One studio executive laments, “I wish I worked at Netflix.”
More interesting than the Hollywood Reporter article are the readers’ comments, many of whom lay the blame on Hollyweird’s insistence on ramming their left-wing politics down our throats.
Let’s hear from you, FOTM’s readers, on this!


~Eowyn

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0 responses to “Hollywood has worst summer box-office in 8 years

  1. And these people will still not connect the dots. They have zero understanding of cause and effect. I really believe that they have zero concept of what goes on outside their fake world of fantasy, ego, addiction and over indulgence.

     
  2. Almost none of the current movies of which I am aware are worth seeing. However, I saw the movie “Belle” last week and highly recommend seeing it. I also plan to see the movie “America: Imagine the World Without Her.”

     
  3. Great post, Dr. Eowyn! Movies are going the way of the newspaper. After years of being subjected to leftist BS and poor reporting, people stopped reading newspapers. After years of Hollywood’s leftist agenda and poorly made movies, people are rejecting them too.

     
  4. I agree with all the above. We too, have cancelled all papers. We go to no movies with the players thinks they are oh so smart and that conservatives are stupid. To insult half the movie base is so ignorant and arrogant of them.
    I refuse to pay that much to have someone try and play with my brain.

     
  5. This is a nice bit of news among all the horrors being reported. This is my idea of effective rebellion. The people who are leading our charge to destruction LOVE money. To have people vote with their dollars is very powerful. Imagine the despair if there was no support for Hollyweird’s entertrainment.

     
  6. Too bad, so sad – not.
    Last two movies I saw were Heaven is for Real and Lone Survivor (both excellent movies). Other than those two, I can’t remember the last time I was in a theater. I hate to give liberals my money!

     
  7. Hollywood has no one to blame but themselves.

     
  8. QUICK! Maybe Pelosi/Reid/Obama can push through a 27,000 page bill that requires us to buy/patronize EVERY Hollywood movie that comes out….or “tax” me for NOT attending…..payable to Lois Lerner—oops, she’s reitred….I guess just a blanket check to the IRS….who will “redistribute” it to the various film-makers. AND, BTW….Roberts (Supreme Court) MUST be bound to uphold it b/c he set the precident for it…he has ruled before on a bill that demanded involuntary purchase of a service & rewrote it (aside from the Congress…whose POWER ALONE in this country it IS to writeTAX legislation!) to CALL it a tax, even tho’ it was written as a “fine” even according to Obama and his minions…….
    VENTING!

     
  9. I was never a movie goer, the last time I was at the movies was……I dont remember. I guess I am so political and such a prude and too too cheap to pay for a movie. I dont know any “stars” and I dont care their lives have no meaning to me.

     

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