Box Office Summer 2014: Down 17.9%, Even Hits Aren’t Hitting As Big

Iron Man 3 Robert Downey Jr. Transformers 4

Hollywood’s summer blockbuster season is winding down, and the near-final results (courtesy of Rentrak) aren’t pretty: After five years of box office records, total domestic box office for the 2014 season is down nearly 18 percent from last summer, or a whopping $701 million, to $3.22 billion. Last weekend, Disney/Marvel’s Guardians Of The Galaxy pushed the box office take by about 38 percent. This weekend, all eyes are on with Paramount’s Teenage Mutant Ninja Turtles, which is expected to grab more than $40 million, even while positive word-of-mouth is expected to keep Guardians from falling too far in its second weekend. The Guardians gross also could be in the $40 million-plus category if its second-week drop is only 50 percent. But before this weekend gets underway, Rentrak’s numbers reveal an interesting story just comparing 2014 with last year’s record run.

One industry observer noted the aggregate negative cost for films this year is substantially lower, which would make for better overall profits, especially given the international performance of many of the films. The observer acknowledged that the year’s animation and superhero pics as a whole are down more than $600 million compared to last year, but with 2015, that sector could pick up  as industry analysts have predicted much better performance given so many highly anticipated sequels and spinoffs. And the dearth of big-name sequels and spinoffs this summer wasn’t helped when the latest Fast & Furious installment was delayed from this summer to next April after star Paul Walker‘s death last November.

Related: Box Office Weekend: Behind The Scenes, A Fight For Screens

But 2014 is still down. Even the big hits this summer aren’t as big as they were last year. A comparison of box office from the top 10 films of summer 2013 shows an even bigger percentage drop — admittedly only by an additional .05 percentage points — but the not-so-overwhelming performance of those top 10 films is a big reason for the poor numbers overall, contributing more than half of the overall drop, or some $422 million. If your big dogs can’t lead the pack, your sled isn’t going anywhere:

(more…)

This article was printed from https://deadline.com/2014/08/box-office-summer-2014-down-17-9-percent-2013-815931/