ONTD

2:59 pm - 09/02/2012

Summer Box Office 2012: Hollywood Studios Underwhelmed As Attendance Drops


Studio executives expected their biggest summer ever this year as they loaded their lineup with huge action movies and superhero franchises.

What they got were two colossal blockbusters, a handful of backup hits and plenty of duds that just didn't deliver, resulting in what may prove the lowest summer movie attendance in 20 years.


While domestic revenues are projected to come in as the second-best ever, the number of tickets sold shrank to about 532 million from the first weekend in May through Labor Day, down 4 percent from summer 2011, according to box-office tracker Hollywood.com. If that holds by the time final ticket sales are counted through Monday, that would be the smallest audiences Hollywood has packed in for its busiest season dating back to 1993, the earliest summer revenue data maintained by Hollywood.com.


Revenues should finish at $4.27 billion from the first weekend in May through Labor Day, down 3 percent from the record of $4.4 billion set last summer, said Hollywood.com analyst Paul Dergarabedian.

"On paper, the summer of 2012 looked like a clear record-breaker. I think a lot of us were expecting we could beat last summer just based on the titles, the sheer number of blockbuster titles that were in the mix," Dergarabedian said. "But the audience is what makes and breaks the summer, and they didn't come out in the numbers we expected for a lot of these films."

Summer was ending quietly over Labor Day weekend, with overall revenues through Sunday down slightly compared to the same period a year ago. Domestic sales totaled $102 million, off 4.6 percent from last year's Labor Day weekend, according to Hollywood.com.

The horror tale "The Possession" debuted as the No. 1 movie with $17.7 million from Friday to Sunday, compared to $14.6 million for the top draw a year ago, "The Help," which joined "Rise of the Planet of the Apes" to give Hollywood a strong seasonal finish that made summer 2011 a record-breaker.

Before this summer arrived, Hollywood was on a box-office tear, with revenues up as much as 20 percent over 2011's. Studio executives hoped that would continue into summer, when they had what looked like the best lineup they've ever offered.

Instead of beating last summer's record, though, revenues for the season fell for the first time in seven years.


The picture gets worse factoring in higher admission prices. While revenues this time were well above the $3.6 billion haul in 2005, the last time summer dollars dipped, this season's estimated 532 million admissions is well below the 563 million tickets sold in summer 2005.

In the 20-year span since 1993, Dergarabedian said the only year that comes close to this season's attendance was summer 2010, when 534 million tickets were sold. A strong Labor Day weekend could put this summer on par with 2010 attendance, but it's still a soft season considering expectations at the start, when the superhero sensation "The Avengers" launched with a record $207.4 million debut over the first weekend in May.

"The beginning of summer is like the first day of spring training or the opening of football camp. You have to hope your summer's going to be great," said Dave Hollis, head of distribution at Disney, which released "The Avengers." "But it's hard to say what's going to connect or click."

"The Avengers" took in $618 million domestically and the Batman finale "The Dark Knight Rises" so far has added about $430 million, their $1.05 billion total amounting to nearly one-fourth of Hollywood's overall summer haul. Worldwide, "The Avengers" has pulled in $1.5 billion, while "The Dark Knight Rises" soon will cross the $1 billion mark.

Summer's third superhero saga, "The Amazing Spider-Man," climbed to $258 million domestically, while the animated adventures "Brave" and "Madagascar 3: Europe's Most Wanted" both were $200 million hits. The raunchy talking teddy bear comedy "Ted" also topped $200 million, and summer produced solid successes with "Men in Black 3," "Snow White and the Huntsman" and a few other $100 million movies.

Yet a lot of duds accompanied the hits, with flops such as "Battleship" and "Total Recall" leaving audiences cold. Star power could not pack theaters, either, as fans generally ignored movies featuring A-listers ("That's My Boy" with Adam Sandler, "Rock of Ages" with Tom Cruise, "Dark Shadows" with Johnny Depp, "The Watch" with Ben Stiller and Vince Vaughn).

The international box office has been Hollywood's growth area as overseas audiences become more eager for big studio flicks. "The Avengers" did nearly 60 percent of its business overseas. "The Dark Knight Rises" has taken in well over half of its revenues internationally, the reverse of 2008's "The Dark Knight," which pulled in most of its cash from domestic crowds.

Domestic summer movie attendance hit a modern high of 653 million in 2002, when "Spider-Man" opened with a then-record $114.8 million. Hollywood has continually climbed to new dollar highs since, but actual attendance has steadily declined as entertainment options expanded with home theater systems, streaming video and endless portable gadgets.

This season, the Summer Olympics siphoned off movie audiences a bit, and the shootings that killed 12 people at a midnight debut screening of "The Dark Knight Rises" in Colorado jolted the industry.

Studio executives say the shootings probably cut into business by no more than a fraction. The tragedy did prompt some moviegoers to think twice about heading to theaters when they have so many entertainment options right at home, though.

The upside for Hollywood is that revenue and attendance for the year is 4 percent ahead of 2011's, while attendance is up 3 percent. Hollywood hopes to build on that with a strong fall and holiday lineup that includes the James Bond thriller "Skyfall," the "Twilight" finale and part one of "The Lord of the Rings" prelude, "The Hobbit: An Unexpected Journey."

Of course, studio bosses had the same hopes for summer before business took a downturn.

"We had a couple of movies ourselves that didn't meet expectations," said Dan Fellman, head of distribution at Warner Bros., which released "The Dark Knight Rises" and the surprise hit "Magic Mike" but also stumbled with "Rock of Ages" and "Dark Shadows." "There's the old cliche, nobody starts out to make bad movies. But we are looking at a very strong fall and Christmas ahead."


Source
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bluebandit77 2nd-Sep-2012 09:20 pm (UTC)


Edited at 2012-09-02 09:22 pm (UTC)
scarletfbl 2nd-Sep-2012 09:23 pm (UTC)
lol
bluebandit77 2nd-Sep-2012 10:17 pm (UTC)
:)
_andrea 2nd-Sep-2012 09:21 pm (UTC)
well...

Studios did a poor job advertising good movies (i.e. Paranorman) and spent to much on crap. Not to mention, the idiot who killed numerous individuals at a theatre (and all his mimics) basically put fear into all of us.
sandstorm 2nd-Sep-2012 09:25 pm (UTC)
IA
lestat 2nd-Sep-2012 09:39 pm (UTC)
this
stormer1_1 2nd-Sep-2012 10:36 pm (UTC)
Basically. No thanks.
sirenlyfox 2nd-Sep-2012 11:19 pm (UTC)
Excellent comment!
x_spinfaster 2nd-Sep-2012 11:38 pm (UTC)
there were mimics??
wegoturdog 2nd-Sep-2012 09:22 pm (UTC)
I know you can be overwhelmed and you can be underwhelmed, but can you ever just be whelmed?


Also, maybe if tickets weren't $11 and if they were mostly remakes, maybe I'd see more movies, Hollywood.
voyevoda 2nd-Sep-2012 09:24 pm (UTC)
I was ready to go see a movie this weekend just to give me something to do, but at $12.50 just to get in, and combined with the fact that there's nothing out I want to see whatsoever....nah.

I think I've seen a total of 2-3 movies in theater this year.
wegoturdog 2nd-Sep-2012 09:26 pm (UTC)
Same! I mostly stream my movies online. And generally, I'm pretty happy that I didn't waste my money.
lilyginny27 2nd-Sep-2012 10:24 pm (UTC)
ditto. Times that by two for Hubs admission price and its just too expensive. We've been redboxing it all summer, or buying movies for less than 10 at walmart.
sirenlyfox 2nd-Sep-2012 11:22 pm (UTC)
£9.50 to hear cinema goers crunching through mountains of crisps and popcorn is not my idea of fun. On a serious note, why is it that people eat the noisiest foods in a place (cinema) where silence is required?
youbeboy 3rd-Sep-2012 12:27 am (UTC)
I've seen one. And I went during the day for the matinee price.
lostinshalott 3rd-Sep-2012 12:38 am (UTC)
same me and my friend looked at what was on today and none of it was worth the admission price.
scarletfbl 2nd-Sep-2012 09:25 pm (UTC)
...Is that like being whelped in Helm's Deep? Whelmed?
caitiecait 2nd-Sep-2012 09:29 pm (UTC)
I quote that at least once a week.
davejohn 2nd-Sep-2012 09:29 pm (UTC)
I think you can in Europe.
viakyusu 2nd-Sep-2012 09:50 pm (UTC)
I like your YJ Robin quote :)
ectypes 2nd-Sep-2012 11:38 pm (UTC)
THIS. FFS.
luvthatdrtywata 2nd-Sep-2012 09:22 pm (UTC)
i liked rock of ages. it wasn't as good as the play and julianne hough was terrible but it really wasn't half as bad as it was bad out to be.
so_chic_doll 2nd-Sep-2012 09:35 pm (UTC)
yeah it was campy fun-- but the stage version was 100x better.

i'm just disappointed in adam shankman, because he did such a great job with hairspray and not as great with RoA.
marshallgregson 2nd-Sep-2012 09:46 pm (UTC)
i think cutting the german investors plot was the worst idea.
luvthatdrtywata 2nd-Sep-2012 10:00 pm (UTC)
ita. especially because jack mcbrayer was born to play franz.
teamdowney 2nd-Sep-2012 10:16 pm (UTC)
I love Tom as the actor, I think he's gotten a lot of flack for his personal life, but I think he's fab as an actor. I was excited to see him in that I just didn't get around to seeing him in it.
katesamaloo 2nd-Sep-2012 10:51 pm (UTC)
I saw it at the dollar theater a couple weeks ago with my best friend and we both really enjoyed it, too!
natywentz 2nd-Sep-2012 09:23 pm (UTC)





lol that pic of tom cruise
josiefier 2nd-Sep-2012 09:23 pm (UTC)
Nothing talks like numbers with studios. I hope this FINALLY gives them some clue as to what people aren't sitting through. I doubt it, but I want to believe.
notoriousreign 2nd-Sep-2012 10:09 pm (UTC)
Me too, me too...
classiqfemme 2nd-Sep-2012 09:24 pm (UTC)
EW @ that pic.
dynamitered 2nd-Sep-2012 09:24 pm (UTC)
Adam Sandler, Ben Stiller, and Vince Vaughn are still considered A List? Is it suddenly 1997?
kydeon 2nd-Sep-2012 09:27 pm (UTC)
Tom Cruise! Johnny Depp! Vince Vaughn! ...what
theuglycry 2nd-Sep-2012 09:33 pm (UTC)
well they white heterosexual males over 40. sounds about right
noon 2nd-Sep-2012 09:53 pm (UTC)
m t e
notoriousreign 2nd-Sep-2012 10:10 pm (UTC)
lol mte
vivisexion 2nd-Sep-2012 10:02 pm (UTC)
right? that's half of the problem w/movies -- they still star the same old tired actors who only ppl with bad taste like anymore
winegums 2nd-Sep-2012 11:36 pm (UTC)
ikr

when your under-30 audience is all 'who?' @ your stars and dgaf, time to revise who you call stars in the first place.
fuk_q 2nd-Sep-2012 09:25 pm (UTC)
The only movie they mention that I saw was Dark Shadows.

My queen Eva Green rightfully outshined Johnny Depp. It had its funny moments but would I watch it again? Nah. I'm glad Eva stole the movie from the main character, though. :')
scarletfbl 2nd-Sep-2012 09:26 pm (UTC)
Tom should not be allowed anywhere near clitorises, fictional or otherwise.
sastra_fuss 2nd-Sep-2012 09:35 pm (UTC)
as if tom wants to be anywhere near clitorises
scarletfbl 2nd-Sep-2012 09:40 pm (UTC)
OMG, with your ~speculations.
civilsavage 2nd-Sep-2012 10:22 pm (UTC)
as an OT VII he can wiggle them with his mind...
sirenlyfox 2nd-Sep-2012 11:27 pm (UTC)
Clitorises is to Tom as kryptonite is to Superman. Basically, they don't mix.
sandstorm 2nd-Sep-2012 09:27 pm (UTC)
Well...nothing of interest to me came out until June, because for some reason, so many animated movies are coming out September through November. Would have been nice to have them Jan. - May.

And it's not even dark or evening time before I have to pay 9.75 for a ticket. Nah bro.
davejohn 2nd-Sep-2012 09:28 pm (UTC)
But they won't learn anything from it
iheartweasleys 2nd-Sep-2012 09:30 pm (UTC)
Does anyone know how The Bourne Legacy did?

I just saw it this weekend and while the beginning was a little slow, that last hour was fucking kick ass. I was hoping they'd make another one...
lucciolaa 2nd-Sep-2012 09:36 pm (UTC)
I liked it, too! A lot of people I know irl didn't like it, though. I liked Jeremy Renner in that film than Matt Damon as Jason Bourne tbqh
false_hate 2nd-Sep-2012 09:46 pm (UTC)
It will clear 100 million next week, so it did okay. But, Universal needs any hits they can get so another sequel may be made as Battleship won't be a Transformers like franchise and the planned SWATH trilogy is now a mess.

http://www.cinemablend.com/new/Bourne-Legacy-Lead-Trilogy-32445.html
lilyginny27 2nd-Sep-2012 10:28 pm (UTC)
I liked it, too! It's one of the 3 movies I saw this summer: Avengers, Magic Mike, and Legacy.

Bourne's at 157 worldwide. They better make another one.
evilfirepixie8 2nd-Sep-2012 10:53 pm (UTC)
IA on the pacing being off. It was still a good action movie, but hopefully the next one has a better editor.
wee_mango 3rd-Sep-2012 12:24 am (UTC)
Ditto to everything. Would be nice to have another with Jeremy/Rachel returning but it would be amazing to have Matt Damon appear too. :3
ellaellaeheheh 3rd-Sep-2012 12:30 am (UTC)
its going ok, and it haven't premiered in some big worldwide markets
therearewords 2nd-Sep-2012 09:31 pm (UTC)
Aww boo boo, now people will only be paid 12 million dollars instead of 20.


/didn't read
bittermunchkin 2nd-Sep-2012 09:37 pm (UTC)
I've read that the broader problem is that Hollywood tends to rely more heavily on shitty remakes and old formulas rather than 'taking risks' in an environment like this. Not the end of the world obviously, but still kind of sucks.

Edited at 2012-09-02 09:38 pm (UTC)
therearewords 2nd-Sep-2012 09:46 pm (UTC)
I don't think they even spend thought on 'taking risk'. Or call it a risk to have a female main character, instead of male.
sugar_beach 2nd-Sep-2012 09:32 pm (UTC)
I'm guessing That's My Boy is full of Jewish jokes
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