Business
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.
Business
Goldman Sachs is about to report fourth-quarter earnings — here’s what the Street expects
Goldman Sachs CEO David Solomon speaks during an interview at the Economic Club of Washington in Washington, D.C., U.S., Oct. 30, 2025.
Kevin Lamarque | Reuters
Goldman Sachs is scheduled to report fourth-quarter earnings before the opening bell Thursday.
Here’s what Wall Street expects:
- Earnings: $11.67 per share, according to LSEG
- Revenue: $13.79 billion, according to LSEG
- Trading revenue: Fixed income of $2.93 billion, equities of $3.70 billion, per StreetAccount
- Investing banking fees: $2.58 billion, per StreetAccount
Goldman Sachs is set up to be a beneficiary of several trends in the fourth quarter.
Trading desks across Wall Street have benefited in the last year as President Donald Trump’s policies have roiled markets for bonds, currencies, commodities and stocks.
For instance, rival JPMorgan Chase topped expectations for fourth-quarter results on equities and fixed income trading revenue that exceeded the StreetAccount estimate by a combined $460 million.
Global investment banking revenue in the quarter was 12% higher than a year ago, according to Dealogic, which should provide a boost to Goldman’s advisory business.
The firm’s asset and wealth management division should also see gains as stock market levels remained buoyant in the quarter.
Finally, the bank said last week that its deal to offload its Apple Card business to JPMorgan would result in a 46-cents-per-share boost to quarterly results.
This story is developing. Please check back for updates.
Business
After Backlash, Elon Musk Grok To Stop Creating Undressed Images Of Real People On X
Last Updated:
X decision came after facing outrage over the misuse of Grok, where the AI Chatbot was found to be complying with user requests to digitally undress images of real people.
Elon Musk’s Grok can no longer undress images of real people on X. (Representative Image)
Amid the rising concerns over the sexualised AI deepfakes in countries including the UK and US, Elon Musk’s Grok artificial intelligence chatbot will no longer edit “images of real people in revealing clothing” on X, the company confirmed Wednesday evening.
The company’s decision came after facing global outrage over the misuse of Grok, where the AI Chatbot was found to be complying with user requests to digitally undress images of adults and, in some cases, children.
“We have implemented technological measures to prevent the Grok account from allowing the editing of images of real people in revealing clothing such as bikinis. This restriction applies to all users, including paid subscribers,” X wrote via its Safety team account.
Within the last week xAi, which owns both Grok and X, restricted image generation for Grok on X to paying X premium subscribers
CNN reported that it has been observed that in the last few days, Grok’s X account had modified how it responded in general to users’ image generation requests, even for those subscribed to X premium.
United States of America (USA)
January 15, 2026, 08:34 IST
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Business
Elon Musk’s X to block Grok from undressing images of real people
Elon Musk’s AI model Grok will no longer be able to edit photos of real people to show them in revealing clothing, after widespread concern over sexualised AI deepfakes in countries including the UK and US.
“We have implemented technological measures to prevent the Grok account from allowing the editing of images of real people in revealing clothing such as bikinis.
“This restriction applies to all users, including paid subscribers,” reads an announcement on X, which operates the Grok AI tool.
The change was announced hours after California’s top prosecutor said the state was probing the spread of sexualised AI deepfakes, including of children, generated by the AI model.
The update expands measures that stop all users, including paid subscribers, editing images of real people in revealing outfits.
X, formerly known as Twitter, also reiterated in a statement on Wednesday that only paid users will be able to edit images using Grok on its platform.
This will add an extra layer of protection by helping to ensure that those who try and abuse Grok to violate the law or X’s policies are held accountable, it said.
Users who try to generate images of real people in bikinis, underwear and similar clothing using Grok will be stopped from doing so according to the laws of their jurisdiction, X’s statement said.
In a statement on Wednesday, California Attorney General Rob Bonta said: “This material, which depicts women and children in nude and sexually explicit situations, has been used to harass people across the internet.”
Malaysia and Indonesia have blocked access to the chatbot over the images and UK Prime Minister Sir Keir Starmer warned X could lose the “right to self regulate” amid outrage over the AI images.
Britain’s media regulator, Ofcom, said on Monday that it would investigate whether X had failed to comply with UK law over the sexual images.
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