Paced by the year’s two top-grossing films, “The Lion King” and “Forrest Gump,” Hollywood made a lot of money over the New Year’s weekend. A record-breaking $115 million, in fact.
While “Lion King,” buoyed by the fourday weekend, passed the $300 million mark ($300.4 million to be exact), “Gump” still ranked as 1994’s biggest financial success with a $298.6 million take. Hollywood’s year ended at midnight New Year’s Eve.
“Lion King” is now the fourth-highest-grossing film in history.
As for the week itself, figures provided by Exhibitor Relations Inc. showed that Jim Carrey’s career was still on track. “Dumb & Dumber” grossed $14.9 to lead all films for the third straight week.
“Dumb” held off the Michael Douglas-Demi Moore effort “Disclosure” (No. 2, $11.7 million) and “The Jungle Book” (No. 3, $10.1 million).
Disney’s “The Santa Clause” not only continued to do well, earning $8.2 million to rank No.6 and but it upped its eight-week total to $137.5 million. The Tim Allen-starring film’s weekend earnings made it the studio’s highest-grossing, live-action effort.
Studio executives, already pleased by 1994’s record-breaking year (an all-time high of $5.4 million) must have crowed when the New Year’s totals outgrossed the Christmas weekend by more than 20 percent.
sponsored Jargon is confusing, by definition. And the financial world has its own set of cryptic words.