September 4, 2012 in Business

Summer a dud for filmmakers

Season didn’t live up to hype as several big-name movies flopped
David Germain Associated Press
 
Ticket sales down

The number of movie tickets sold over summer was about 533 million, down 4 percent from 2011 and the lowest since Hollywood.com analyst Paul Dergarabedian began compiling summer figures 20 years ago.

A late-summer horror tale took possession of the weekend box office as Hollywood quietly wound down a busy season that turned out to be not so busy.

“The Possession” debuted as the No. 1 movie with $21.3 million over the four-day Labor Day weekend, according to studio estimates Sunday. The Lionsgate fright flick stars Kyra Sedgwick and Jeffrey Dean Morgan as parents of a girl possessed by a demon.

Opening in second-place with $13 million was the Weinstein Co. bootlegging drama “Lawless,” with Shia LaBeouf and Guy Pearce in a story of moonshiners pursued by a corrupt lawman during Prohibition.

It was a typically slow Labor Day weekend, ending a summer that failed to live up to Hollywood’s expectations.

Studio executives started the season with projections of record business, but revenues dropped 3 percent compared to summer 2011, while attendance was at its lowest in at least 20 years, according to box-office tracker Hollywood.com.

Labor Day weekend revenues totaled $134 million, down 3.4 percent from last year’s, when “The Help” led with $19.9 million.

<p>Hollywood.com analyst Paul Dergarabedian said overall domestic revenues for the summer season, from the first weekend in May through Labor Day, came in at $4.28 billion, down from a record $4.4 billion in summer 2011.

The attendance picture was even worse, factoring in this year’s higher ticket prices. The number of movie tickets sold over summer was about 533 million, down 4 percent from 2011 and the lowest since Dergarabedian began compiling summer figures 20 years ago.

“We talk about summer being product driven, and it’s all about the movies,” Dergarabedian said. “While it started off on a really high note, as summer went on, it seemed like the moviegoers were less and less interested in the movies being released.”

In May, when the superhero sensation “The Avengers” launched the season with a record $207.4 million weekend, Hollywood insiders predicted their best summer ever as a lineup of huge titles was set to hit theaters week after week.

While “The Avengers” and superhero cousins “The Dark Knight Rises” and “The Amazing Spider-Man” led the season and movies such as “Ted” and “Brave” topped the $200 million mark, many other movies fell flat. Big stars delivered big busts with Adam Sandler’s “That’s My Boy” and Johnny Depp’s “Dark Shadows,” and action tales such as “Battleship” and “Total Recall” also flopped.

There were some smaller surprise successes, including the anti-Barack Obama documentary “2016: Obama’s America,” which expanded into broader nationwide release and came in at No. 8 with $7.1 million. That raised its total to $20.3 million since the documentary opened in a handful of theaters in mid-July.

“The Dark Knight Rises” took in an additional $7.9 million domestically over Labor Day weekend to push its domestic haul to $433.2 million. The film joined 2008’s “The Dark Knight” as a $1 billion worldwide hit, with its total now at a few million dollars more than its predecessor’s.

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