box office

Mixed results for Hollywood at the summer box office

Business Update with Mark Lacter

Now that we have a deal between Time Warner Cable and CBS, we can turn our Hollywood focus back on the movie industry.

Steve Julian: Business analyst Mark Lacter, would you agree it's been an up and down summer at the box office?

Mark Lacter: It's been a flaky summer for Hollywood, Steve.  On the plus side, ticket revenue was up more than 10 percent, and attendance increased around six-and-a-half percent compared with last year (this covers the first week of May through Labor Day weekend).  The problem is that the studios and their investors spent huge amounts of money to make a lot of these movies, and they had to compete in a very crowded market - 23 big-budget films came out this summer, which is way higher than normal, and some of them never had a chance.

Julian: Some examples?

Lacter: Probably the biggest clunker was "The Lone Ranger," which could end up losing close to $200 million for Disney.  Another big disappointment was "White House Down," which was distributed by Sony and brought in only $140 million, which for a big-budget action film is really bad.  Even a film like "Pacific Rim," which did well at the box office, might still end up in the red because the production and marketing costs were so high.

Julian: And summer, of course, is the time when studios want to bring out these monster releases -

Lacter: - right, what they call "tent poles" - and in that category, the biggest winner was Disney's "Iron Man," which took in $1.2 billion.  Also having a great summer was "Monsters University" from Pixar, with $700 million.  You also had "Despicable Me 2" and "Fast and Furious 6," which might not be our cup of tea (speak for yourself, it takes me back to my police car days!), but did very well for Universal.  Eight of the top 12 films this summer were sequels - and yet, sequels were no guarantee of success (a number of them really struggled).  And, some non-blockbuster films found considerable success: "Now You See Me" from Lionsgate only cost $75 million to make.

Julian: So, in some ways, Hollywood was its usual unpredictable self.

Lacter: That's right - and don't expect any big changes in strategy when it comes to big-budget films.  The prospect of having huge success with one of these blockbusters is just too great, but perhaps more important is the fact that many of these films are financed by multiple groups of investors, and so the risk is spread around.  It's not like the old days when a studio bankrolled the whole thing.

Julian: Though, sounds like it's bad news for the city of Los Angeles: the "Man of Steel" sequel is going to be shot in Michigan?

Lacter: Mayor Garcetti has actually declared a state of emergency because the city keeps losing business to other states that offer big tax incentives to films - what's known as runaway production.  The truth is that business has been lost over the years, but L.A. is hardly in any danger of losing its spot as the center of entertainment.  And, you can see that with the L.A. County Board of Supervisors signing off on Disney's plan for a TV and movie production facility near Santa Clarita that will add more than a half-million square feet of studio space.

Julian: And, Universal's expanding, too.

Lacter: Earlier this year, Universal was given the approval to build more production facilities, and Paramount is planning an expansion, as well.  Now, these are all very ambitious projects - not the sort of investments that would be made if these studios were looking elsewhere to make movies and TV shows.  And, of course, they mean jobs - actually, employment levels in the entertainment industry have remained fairly steady going back the last decade.

Julian: Are there states that are pulling back their incentives?

Lacter: Yes, the state of North Carolina, which has been especially aggressive in using tax incentives to draw in movies and television going back to the 80s, is phasing out the giveaways because legislators have decided that the economic benefits aren't worth the tax revenues being lost.  And, other states with tax incentive programs are pulling back as well - they're finding that the payback is very difficult to measure.

Mark Lacter writes for Los Angeles Magazine and pens the business blog at LA Observed.com.

This content is from Southern California Public Radio. View the original story at SCPR.org.




box office

Chelsea & Man City set for 'box office' WSL showdown

BBC Sport previews Saturday's "box office" showdown between the Women's Super League's top two sides - Chelsea and Manchester City.





box office

Kanguva Box Office: पहले दिन बंपर कमाई के साथ हो रही कंगुवा की शुरुआत, सूर्या की फिल्म के खाते में इतने करोड़

Kanguva Box Office: साउथ स्टार सूर्या को बॉक्स ऑफिस पर शानदार ओपनिंग मिली है. इस फिल्म की एडवांस बुकिंग से साफ है कि कमाई अच्छी होने वाली है.






box office

Kanguva box office prediction day 1: Suriya to score his career-best opening; set to beat Kamal Haasan, Chiyaan Vikram

Kanguva is set to take third biggest opening in Tamil Nadu this year after Thalapathy Vijay's The Greatest of All Time and Rajinikanth's Vettaiyan.






box office

Kanguva Box Office Prediction: வேட்டையன் முதல் நாள் வசூலை முந்துமா கங்குவா?.. வசூல் கணிப்பு இதோ!

சென்னை: சூர்யா நடிப்பில் பிரம்மாண்ட படமாக 300 கோடிக்கும் அதிகமான பட்ஜெட்டில் உருவாகியுள்ள கங்குவா படத்தின் டிக்கெட் புக்கிங் தொடங்கி சூடுபிடிக்கத் தொடங்கியுள்ளது. தமிழ்நாட்டில் பல்வேறு தியேட்டர்களில் அதிக எண்ணிக்கையிலான டிக்கெட் புக்கிங் நடைபெற்று வருகிறது. ஆந்திராவிலும் கங்குவா படத்துக்கு நல்ல வரவேற்பு டிக்கெட் புக்கிங்கில் தெரிகிறது. ஸ்டூடியோ க்ரீன் தயாரிப்பில் உருவாகியுள்ள இந்த படத்தை சிறுத்தை




box office

This actor was offered Rs 20000000000 for a role in blockbuster that earned Rs 250000000000 at box office; here's why

This actor rejected a role worth Rs 2000 crore in the world's highest-grossing film ever.




box office

"The Super Mario Bros Movie" Powers Up Audiences at the Box Office & on Digital Platforms

In terms of top-grossing Wednesday openers, the month of April has never been a super place to launch a movie. That is, until now with The Super Mario Bros Movie




box office

Shraddha Kapoor’s Stree 2 breaks Shah Rukh Khan’s Pathaan box office record

The horror-comedy Stree 2 becomes the ninth film to join the Rs 500 crore club.



  • Life & Style

box office

'Demon Slayer' Knocks Down 'Mortal Kombat' in Another Tight Race at Box Office

The big-screen version of the Japanese manga series and the live-action adaptation of the popular video game once again go neck and neck in their second week at the domestic box office.





box office

‘Memoir Of A Snail’ Delivered Second-Highest Per-Theater Average At The Weekend Box Office

Though there are few comps for R-rated stop-motion films at the box office, 'Memoir of a Snail' is off to an excellent start.




box office

‘The Wild Robot’ Had A Wild Sixth Weekend At The Box Office

The film grossed more last weekend than the previous one, a rarity for any film so deep into its theatrical run, much less a film that is already available to rent or own on digital platforms.




box office

The Cartoon Brew Livestream: How Far ‘Moana 2’ Will Go At The Box Office

Watch our livestream starting 11am Pacific / 2pm Eastern.




box office

Exclusive: After Bleak Box Office Streak, Arjun Kapoor Values Singham Again's Success "A Lot More"

Arjun Kapoor played the role of antagonist Danger Lanka in Singham Again





box office

Top 10 Box Office Movies 2022: இந்த ஆண்டு பாலிவுட்டை பதற வைத்த டாப் 10 தென்னிந்திய திரைப்படங்கள்!

சென்னை: பான் இந்தியா கலாசாரத்தை பாலிவுட் படங்கள் கூட இதுவரை சரியாக கடைபிடிக்காத நிலையில், தென்னிந்திய திரைப்படங்கள் அதை அழகாக கையாண்டு இந்த ஆண்டு பாலிவுட் திரையுலகையே பதற வைத்துள்ளன. பாக்ஸ் ஆபிஸில் இந்த ஆண்டு பாலிவுட் சினிமா ரொம்பவே திணறிய நிலையில், 1000 கோடி, 500 கோடி வசூலை எல்லாம் தென்னிந்திய திரைப்படங்கள் சர்வ சாதாரணமாக




box office

KA Movie Day 12 Box Office: తగ్గుతున్న కిరణ్ అబ్బవరం మూవీ వసూళ్లు .. క మూవీ 12వ రోజు కలెక్షన్ ఎన్ని కోట్లంటే?

KA Movie Day 12 Box Office: తెలుగు హీరో కిరణ్ అబ్బవరం హీరోగా నటించిన లెటేస్ట్ మూవీ క (KA movie). దర్శక ద్వయం సుజీత్, సందీప్ లు సంయుక్తంగా ఈ మూవీని సస్పెన్స్ పీరియాడిక్ మూవీగా తెరకెక్కించారు. ఈ సినిమాలో నయన్ సారిక, తన్వీ రామ్ లు హీరోయిన్స్ గా నటించగా.. శ్రీమతి చింతా




box office

Kanguva Box Office Report: కంగువ రిలీజ్‌కు ముందే ధనుష్ రికార్డు బ్రేక్.. మొత్తం ఎన్ని కోట్లంటే?

ప్రముఖ నిర్మాణ సంస్థలు స్టూడియో గ్రీన్, యూవీ క్రియేషన్స్ బ్యానర్స్‌పై ప్రముఖ నిర్మాతలు కేఈ జ్ఞానవేల్ రాజా, వంశీ, ప్రమోద్ నిర్మించిన భారీ బడ్జెట్ చిత్రం కంగువ. తమిళ సూపర్ స్టార్ సూర్య నటించిన ఈ సినిమాను కనీవినీ ఎరుగని రీతిలో తెరకెక్కించారు. ఈ చిత్రంలో బాబీ డియోల్, దిశా పటానీ తదిరలు నటించారు. ఈ సినిమా




box office

KA Movie Day 13 Box Office: దారుణంగా పడిపోయిన కిరణ్ అబ్బవరం మూవీ వసూళ్లు .. క మూవీ 13వ రోజు కలెక్షన్ ఎన్ని

KA Movie Day 13 Box Office: టాలీవుడ్ యంగ్ హీరో కిరణ్ అబ్బవరం హీరోగా నటించిన లెటేస్ట్ మూవీ క (KA movie). దర్శక ద్వయం సుజీత్, సందీప్ లు సంయుక్తంగా ఈ మూవీని సస్పెన్స్ పీరియాడిక్ మూవీగా తెరకెక్కించారు. విలేజ్ బ్యాక్ డ్రాప్ తో తెరకెక్కిన సస్పెన్స్ త్రిల్లర్ మూవీగా తెరకెక్కిన ఈ సినిమాలో




box office

Bheeshma box office collections: నితిన్ కెరీర్‌లో హయ్యెస్ట్‌గా ఓపెనింగ్స్

యువ హీరో నితిన్‌ నటించిన భీష్మ చిత్రం తొలి ఆట నుంచే పాజిటివ్ టాక్‌తో దూసుకెళ్తున్నది. నితిన్ నటించిన గత చిత్రాలు పెద్దగా ప్రేక్షకాదరణ పొందకపోవడంతో ఈ యువ హీరోకు భీష్మ తప్పనిసరిగా హిట్ కావాల్సి వచ్చింది. దాంతో ఈ చిత్రంపై భారీగా ఆశలు పెట్టుకొన్నానని నితిన్ ఇటీవల ఇంటర్వ్యూలో వెల్లడించారు. పెళ్లికి ముందు రిలీజ్ అవుతున్న




box office

Bheeshma box office collections: తొమ్మిదో రోజూ కుమ్మేసిన భీష్మ.. ఇప్పటి వరకు వచ్చిన లాభమెంతంటే..?

నితిన్-వెంకీ కుడుముల కాంబినేషన్‌లో వచ్చిన చిత్రం భీష్మ. నాలుగేళ్లుగా హిట్ కోసం పరితపించిన నితిన్‌.. బ్లాక్ బస్టర్ హిట్ కొట్టేశాడు. కొత్తగా ప్రయత్నిస్తూ వచ్చిన నితిన్‌కు నిరాశే ఎదురవ్వగా.. పక్కా కమర్షియల్ ఫార్మాట్‌లో తెరకెక్కించిన భీష్మ.. వసూళ్లలో కొత్త ట్రెండ్ క్రియేట్ చేస్తోంది. నితిన్ కెరీర్‌లో సూపర్ డూపర్ హిట్‌గా నిలవబోతోంది.




box office

Bagheera Box Office Day 12:12 ದಿನಗಳಲ್ಲಿ ಶ್ರೀಮುರಳಿ 'ಬಘೀರ' ಗಳಿಸಿದ್ದೆಷ್ಟು? ಸಿನಿಮಾ ಹಿಟ್/ಫ್ಲಾಪ್?

ರೋರಿಂಗ್ ಸ್ಟಾರ್ ಶ್ರೀಮುರಳಿ ಸಿನಿಮಾ ಎರಡು ವಾರಗಳ ಹಿಂದೆ ರಿಲೀಸ್ ಆಗಿದೆ. 'ಉಗ್ರಂ' ಸಿನಿಮಾದ ಬಳಿಕ ಪ್ರಶಾಂತ್ ನೀಲ್ ಕಥೆಯನ್ನು ಹೆಣೆದಿದ್ದರಿಂದ ಸಿನಿಮಾ ಬಗ್ಗೆ ಇನ್ನಿಲ್ಲದ ಕುತೂಹಲವಿತ್ತು. ಅದರಲ್ಲೂ ಕನ್ನಡದ ಮೊದಲ ಸೂಪರ್‌ ಹೀರೊ ಸಿನಿಮಾ ಆಗಿದ್ದರಿಂದ ಪ್ರೇಕ್ಷಕರಿಗೆ ಈ ಸಿನಿಮಾವನ್ನು ಮೆಚ್ಚಿಕೊಂಡಿದ್ದರು. ಕನ್ನಡದ ಪ್ರತಿಷ್ಠಿತ ನಿರ್ಮಾಣ ಸಂಸ್ಥೆ ಹೊಂಬಾಳೆ ಫಿಲ್ಮ್ಸ್ 'ಬಘೀರ' ಸಿನಿಮಾವನ್ನು ನಿರ್ಮಾಣ ಮಾಡಿತ್ತು.




box office

Box Office: Tumbbad Finally Gets Its Due

Tumbbad got the best collections at the box office last weekend.





box office

'Box Office Let Us Down'

'The learning will be long term and if anything unlearn everything from this and start afresh.'





box office

Indian box office sees muted first half, collections down 30-35 per cent

Industry hopeful of a better second half starting with release of Kalki 2898 AD this week




box office

Prabhas-starrer Kalki off to a flying start at the box office

Epic sci-fi movie garners strong ₹298.5 crore on first two days at the box office




box office

Indian box office collections hit ₹1,066 crore in September: Ormax Media

However, the cumulative box office for January-September releases was estimated at about ₹7,949 crore, which is 9.5 per cent less than the same period in 2023





box office

The ballot and the box office

Higher ticket prices... tax exemptions... Kollywood expects a lot from the next government.




box office

Mixed results for Hollywood at the summer box office

Business Update with Mark Lacter

Now that we have a deal between Time Warner Cable and CBS, we can turn our Hollywood focus back on the movie industry.

Steve Julian: Business analyst Mark Lacter, would you agree it's been an up and down summer at the box office?

Mark Lacter: It's been a flaky summer for Hollywood, Steve.  On the plus side, ticket revenue was up more than 10 percent, and attendance increased around six-and-a-half percent compared with last year (this covers the first week of May through Labor Day weekend).  The problem is that the studios and their investors spent huge amounts of money to make a lot of these movies, and they had to compete in a very crowded market - 23 big-budget films came out this summer, which is way higher than normal, and some of them never had a chance.

Julian: Some examples?

Lacter: Probably the biggest clunker was "The Lone Ranger," which could end up losing close to $200 million for Disney.  Another big disappointment was "White House Down," which was distributed by Sony and brought in only $140 million, which for a big-budget action film is really bad.  Even a film like "Pacific Rim," which did well at the box office, might still end up in the red because the production and marketing costs were so high.

Julian: And summer, of course, is the time when studios want to bring out these monster releases -

Lacter: - right, what they call "tent poles" - and in that category, the biggest winner was Disney's "Iron Man," which took in $1.2 billion.  Also having a great summer was "Monsters University" from Pixar, with $700 million.  You also had "Despicable Me 2" and "Fast and Furious 6," which might not be our cup of tea (speak for yourself, it takes me back to my police car days!), but did very well for Universal.  Eight of the top 12 films this summer were sequels - and yet, sequels were no guarantee of success (a number of them really struggled).  And, some non-blockbuster films found considerable success: "Now You See Me" from Lionsgate only cost $75 million to make.

Julian: So, in some ways, Hollywood was its usual unpredictable self.

Lacter: That's right - and don't expect any big changes in strategy when it comes to big-budget films.  The prospect of having huge success with one of these blockbusters is just too great, but perhaps more important is the fact that many of these films are financed by multiple groups of investors, and so the risk is spread around.  It's not like the old days when a studio bankrolled the whole thing.

Julian: Though, sounds like it's bad news for the city of Los Angeles: the "Man of Steel" sequel is going to be shot in Michigan?

Lacter: Mayor Garcetti has actually declared a state of emergency because the city keeps losing business to other states that offer big tax incentives to films - what's known as runaway production.  The truth is that business has been lost over the years, but L.A. is hardly in any danger of losing its spot as the center of entertainment.  And, you can see that with the L.A. County Board of Supervisors signing off on Disney's plan for a TV and movie production facility near Santa Clarita that will add more than a half-million square feet of studio space.

Julian: And, Universal's expanding, too.

Lacter: Earlier this year, Universal was given the approval to build more production facilities, and Paramount is planning an expansion, as well.  Now, these are all very ambitious projects - not the sort of investments that would be made if these studios were looking elsewhere to make movies and TV shows.  And, of course, they mean jobs - actually, employment levels in the entertainment industry have remained fairly steady going back the last decade.

Julian: Are there states that are pulling back their incentives?

Lacter: Yes, the state of North Carolina, which has been especially aggressive in using tax incentives to draw in movies and television going back to the 80s, is phasing out the giveaways because legislators have decided that the economic benefits aren't worth the tax revenues being lost.  And, other states with tax incentive programs are pulling back as well - they're finding that the payback is very difficult to measure.

Mark Lacter writes for Los Angeles Magazine and pens the business blog at LA Observed.com.

This content is from Southern California Public Radio. View the original story at SCPR.org.




box office

2019 Pop Culture Hall Of Fame Awards: Inductees Represent Billions of Box Office Views, Streaming Viewers, Players and Readers

Our Inductee Class of 2019 debuted as a stand-alone award for single individuals in the pop culture world for the first time, with 10 individuals in the areas of film, art, comics, games and collectibles.




box office

Russell Crowe reveals his Hollywood friend told him 'Gladiator' was going to fail at box office

Russell Crowe reveals his Hollywood friend told him 'Gladiator' was going to fail at box office




box office

Downton Abbey is expected to lead the weekend box office over Ad Astra and the latest Rambo flick

PBS's drama series Downton Abbey is returning as a feature film this weekend, and projections have the movie pegged to fare rather well as compared to other titles opening at the same time.




box office

Downton Abbey film to have a sequel as the movie takes in £110million at the box office

According to The Sun , executives at distributor Focus Features have approached writer Julian Fellowes to begin work on a sequel to make the most out of the film's success.




box office

Maleficent: Mistress of Evil projected to topple Joker at the box office with $45 million

Maleficent: Mistress of Evil is projected to topple Joker for top spot at the weekend box office with $45 million, according to Variety.




box office

Maleficent: Mistress Of Evil tops weekend box office with $36 million, some way below expectations 

The Disney follow up, starring Angelina as Maleficent and Michelle Pfeiffer as evil Queen Ingrith, came in some $9 million under industry expectations, according to Box Office Mojo.




box office

M. Night Shyamalan wins the box office with Glass as Unbreakable and Split sequel debuts with $40.6M

Glass is projected to pull in $47 million domestically over the long MLK Day holiday, making it the third best MLK weekend opening behind American Sniper ($107.2 million) and Ride Along ($48.6 million).




box office

Star Wars: The Rise of Skywalker repeats atop the box office for a second straight weekend with $72M

Disney and LucasFilm's Star Wars: The Rise of Skywalker continued its dominance at the box office for a second straight weekend, while Cats is poised for a big loss.




box office

Will Smith's Gemini Man is box office bust facing losses of $75M after lackluster opening in China

The movie cost about $140 million to make and an additional $100 million was spent on marketing. Its current global take is just $118.7 million, THR.com said Sunday.




box office

Will Smith puts on brave face as he promotes Gemini Man in Taipei after film bombs at box office

Gemini Man is likely to bank a $75 million loss, according to The Hollywood Reporter. It had a lackluster opening in China this weekend following its disappointing opening in North America.




box office

Will Cats be the latest box office smash that the critics mauled?

The critical reaction to the new movie version of Andrew Lloyd Webber's stage musical has - almost without exception - been unforgivingly sharp of tooth and claw.




box office

Taylor Swift insists she has 'no complaints' about Cats despite musical BOMBING at box office 

Taylor Swift has no regrets about her part in the box-office flop Cats.




box office

Did LeBron's dreams of Chinese box office success make him speak out against Hong Kong protesters?

Experts say LeBron James was motivated by China box office sales when he slammed Houston Rockets general manager Daryl Morey for supporting pro-democracy Hong Kong protests.