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The summer box office sizzled, but brace for a cooldown until November

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The summer box office sizzled, but brace for a cooldown until November


Movie stills from Disney’s “Lilo & Stitch” and “Fantastic Four” and Warner Bros. Discovery’s “Superman.”

Courtesy: Disney | 20th Century Studios | Marvel Studios | Warner Bros. Discovery

Superheroes, dinosaurs and a genetically altered alien dog helped propel the summer box office haul above 2024 levels, but that momentum is about to stall.

Heading into the final stretch of the summer season — which started the first weekend in May and wraps up on Labor Day — the domestic box office is expected to reach at least $3.75 billion, according to data from Comscore. That’s about a 2% uptick from the previous summer.

Hollywood had hoped the 2025 summer would be a return to form for the box office, reaching the $4 billion mark, which had become the standard prior to the pandemic. Ticket sales reached that figure in 2023, thanks to the powerhouse team up of Warner Bros.’ “Barbie” and Universal‘s “Oppenheimer.” However, the the past two summers have borne the brunt of production shutdowns caused by the dual writers and actors strikes two years ago.

Last summer, Disney and Pixar’s “Inside Out 2” and Marvel’s “Deadpool & Wolverine” helped buoy the May-to-August season to $3.67 billion, much higher than box office analysts had predicted earlier in the year.

Summer box office tallies

  • 2024 — $3.7 billion
  • 2023 — $4 billion
  • 2022 — $3.4 billion
  • 2021 — $1.7 billion
  • 2020 — $176.2 million
  • 2019 — $4.3 billion
  • 2018 — $4.4 billion
  • 2017 — $3.8 billion
  • 2016 — $4.4 billion
  • 2015 — $4.4 billion
  • 2014 — $4 billion
  • 2013 — $4.7 billion*
  • 2012 — $4.2 billion

* Record summer box office revenue

Source: Comscore

Hollywood had hoped that the combination of major franchise titles — a new entry from the “Jurassic World” series alongside reboots of Superman and the Fantastic Four — would be enough to fuel the 2025 summer stretch to the $4 billion mark. Yet, none of those films generated more than $350 million domestically.

In fact, the highest-grossing film of the summer has been Disney’s live-action remake of “Lilo & Stitch,” which has tallied $421 million domestically as of Sunday. The second-highest is “Superman,” which stands at $340 million.

In previous summers, top films like “Inside Out 2,” “Barbie” and “Top: Gun Maverick” each brought in at least $600 million in ticket sales.

“What started with a historic Memorial Day weekend gave way to a mix of underperformers and crowd-pleasing hits,” said Shawn Robbins, director of analytics at Fandango and founder of Box Office Theory. “The back half of the season rebounded with several blockbusters and sleeper hits, but we continue to see audiences are highly selective when a barrage of franchise movies is out there despite many of those films generating positive reviews. Some connect in a big way, while others simply don’t catch on.”

Still, movie theater operators reported solid audience numbers and ticket sales during the second quarter, which included May and June box office figures.

“As to the strengthening industrywide box office, we firmly believe that this was not a short-lived spike, but rather, the beginning of a sustained and powerful resurgence for our entire industry,” Adam Aron, CEO of AMC, said during an earnings call last week.

Similarly, Cinemark CEO Sean Gamble noted during the company’s earnings call earlier this month that the April release of “A Minecraft Movie,” which ran well into the summer months, alongside “a steady stream of highly compelling new releases week after week, ignited a surge of summer moviegoing momentum.”

But he also warned that, as is typical in the theatrical business, August and September at the box office tend to “de-throttle a little bit.”

That is certainly the case this year, as well, but it is likely to extend well into October as well. While “Tron: Ares” and “Mortal Kombat II” are expected to draw in audiences during that month, box office analysts don’t expect a major breakout hit until late November.

“The post-summer corridor is looking a bit bereft of standout blockbusters,” said Paul Dergarabedian, senior media analyst at Comscore. “We’ll have to rely on the cumulative success of some low to mid-range performers along with what looks to be a really nice selection of awards caliber and indie films. That said, we may want to brace ourselves for a few fallow weeks at the box office.”

AMC’s Aron noted that the upcoming third-quarter box office will be “so-so given some seasonal, but not alarming softness,” but told investors to “hold onto your hats for the size of the box office in the fourth quarter.”

The turning point is expected to come Nov. 21 with the release of Universal’s “Wicked: For Good.” The highly anticipated sequel to last year’s hit “Wicked” is expected to open to over $100 million and steadily collect ticket sales through the rest of the year at the box office.

“Zootopia 2” arrives for the Thanksgiving holiday and is also expected to exceed $100 million during its opening frame.

“Avatar: Fire and Ash” will cap off the year and is expected to bolster the box office during the first few weeks of 2026.

“The final months of the year have potential to be nothing short of stellar,” Robbins said.

Disclosure: Comcast is the parent company of NBCUniversal, Fandango and CNBC.



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Asian stocks today: Markets remain mixed after Trump’s Iran remarks; HSI down over 76 points, Kospi gains 1.5% – The Times of India

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Asian stocks today: Markets remain mixed after Trump’s Iran remarks; HSI down over 76 points, Kospi gains 1.5% – The Times of India


Asian markets ended mixed on Thursday, after US President Donald Trump’s comments on Iran, saying that he was told “on good authority” that plans for executions in Iran have stopped. At the same time, oil prices dropped sharply, falling more than $2 a barrel.Hong Kong’s HSI was up 76 point or 0.28% down at 26,923. Nikkei plunged 230 points or 0.42% to trade at 54,110. Shanghai and Shenzhen ended down 0.33% and up 0.41%. In South Korea, Kospi was up 1.5% or 74 points.US benchmark crude slid $2, or 3.4%, to $59.75 a barrel. Brent crude, the global benchmark, fell $2.31, or 3.5%, to $64.21 a barrel.Shares of Toyota Industries rose 6.2% after reports said Toyota Motor had increased its buyout offer for the company to 18,800 yen ($118.61) per share. US futures were little changed. The future for the S&P 500 rose by less than 0.1%, while futures for the Dow Jones Industrial Average edged down by less than 0.1%.On Wednesday, Wall Street closed lower for a second consecutive session. The S&P 500 fell 0.5%, the Dow slipped 0.1%, and the Nasdaq composite dropped 1%.Losses were led by Big Tech stocks, even as most shares on Wall Street advanced. The sector came under pressure as investors pulled back from the artificial intelligence rally and amid warnings from some critics that valuations had become stretched. Nvidia shares declined 1.4%, while Broadcom fell 4.2%.Bank stocks also weakened. Wells Fargo sank 4.6% after reporting quarterly profit and revenue that missed expectations. Bank of America fell 3.8%, and Citigroup dropped 3.3%.Energy stocks provided some support to the broader market. Exxon Mobil gained 2.9%, and Chevron rose 2.1%.Investors continued to seek safe-haven assets as geopolitical uncertainties remained elevated. Gold prices slipped 0.8% on Thursday but stayed close to their previous record levels.In the bond market, the yield on the US 10-year Treasury fell to 4.14% from 4.18% late Tuesday, reflecting increased demand for safer assets. Bond prices move inversely to yields.In currency trading early Thursday, the US dollar strengthened to 158.63 Japanese yen from 158.46 yen. The euro weakened slightly to $1.1636 from $1.1645.



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Markets Closed For BMC Elections, Zerodha CEO Nithin Kamath Calls It ‘Poor Planning’

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Markets Closed For BMC Elections, Zerodha CEO Nithin Kamath Calls It ‘Poor Planning’


New Delhi: Indian stock markets are shut today, January 15, after the Maharashtra government declared a public holiday for municipal elections in Mumbai and several other parts of the state. While the move aims to ensure smooth voting, it has sparked a debate in the financial world with Zerodha CEO Nithin Kamath strongly criticising the closure of both the NSE and BSE, calling it a case of “poor planning.”

Kamath Flags Global Impact of Local Market Holiday

In a post on X, Nithin Kamath pointed out that Indian stock exchanges are deeply connected with global markets, yet were closed today due to local municipal elections. Quoting Charlie Munger, he wrote, “Show me the incentive, and I will show you the outcome.” Kamath said the holiday continues because no one who matters has any incentive to oppose a market shutdown, adding that such decisions underline how far India still needs to go to earn the confidence of global investors.

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Holiday Added at the Last Minute

The trading holiday on January 15 was not part of the stock exchanges’ original 2026 trading calendar and was added only earlier this week. Both the BSE and NSE later issued separate circulars confirming that trading would remain suspended today due to municipal corporation elections in Maharashtra.

All Key Market Segments Shut, Trading to Resume Tomorrow

Trading remained suspended across equities, equity derivatives, securities lending and borrowing, as well as currency and interest rate derivatives for the day. The commodity derivatives segment was closed during the morning session, but was scheduled to reopen for evening trading. Normal trading on both the NSE and BSE is set to resume on Friday, January 16.





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Ofwat investigation opened into Kent and Sussex water issues

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Ofwat investigation opened into Kent and Sussex water issues


Getty Images A man in an orange high vis coat next to creates of bottled water.Getty Images

South East Water is set to operate bottled water stations again on Thursday

Regulator Ofwat has opened an investigation into South East Water (SEW) after repeated loss of water supplies across Kent and Sussex.

The investigation will consider whether the company has complied with its licence condition to provide high standards of customer service and support.

Ofwat said it was the first investigation it had launched into customer-focused licence conditions.

SEW said: “The company will always fully co-operate with any investigation by our regulators and provide any information required.”

As of Wednesday night, 10,000 properties continued to have no water supply.

Lynn Parker, Ofwat’s senior director for enforcement, said: “The last six weeks have been miserable for businesses and households across Kent and Sussex with repeated supply problems.

“We know that this has had a huge impact on all parts of daily life and hurt businesses, particularly in the run up to the festive period.

“That is why we need to investigate and to determine whether the company has breached its licence condition.”

Watch: Starmer quizzed at PMQs over South East Water disruptions

The investigation was started after the prime minister said the situation, which affected 30,000 customers at its height, was “clearly totally unacceptable” and asked Ofwat to review the company’s licence.

SEW said some customers might not see supplies return until Friday after issues first began on Saturday in the wake of Storm Goretti and a power cut at a pumping station.

The company said it would be using 26 tankers to pump water directly into its network while working “around the clock” to fix leaks and bursts.

Ofwat already has an open investigation into SEW’s supply resilience to determine whether it has failed to develop and maintain an efficient water supply system.

As of 17:30 GMT on Wednesday, SEW said it had implemented a new recovery plan for Tunbridge Wells that involved keeping local booster pumps switched off for a further 36 hours.

The aim was that customers would wake up to a consistent supply by Friday morning.

SEW said its local drinking water storage tanks had not refilled at the speed required, so it had to extend the “outage” to allow it to recover fully.



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