Tuesday, April 16, 2019

Tuesday's Headlines | Domestic Box Office Down 17%

Domestic box office receipts are down 17% from 2018's box office year to date receipts from the same timeframe, taking in only $2.74 billion total so far this year according to The Hollywood Reporter.

THR cites Box office tracker Comscore for its analysis, comparing 2019's through-April totals to similar numbers from 2018's record breaking box office year, which raked in $11.9 billion domestically and $41.7b globally.

The Hollywood trade points to this weekend's Hellboy opening as an example of slumping domestic film revenue - the Millennium Films reboot took in only an estimated $11.9m over its opening weekend, losing out to DC's Shazam! ($25.1) in its second weekend and Universal's Little ($15.5m).

"It may be tough to imagine at this point that 2019 could ultimately post record-breaking revenues, but a slow start that has handed the industry a 17 percent year-to-date deficit will in less than two weeks begin to assemble perhaps the greatest comeback in box office history with a monumental slate that will set into motion a herculean reversal of fortune," Paul Dergarabedian of Comscore told THR.

Degarabedian's comments refer to Avengers: Endgame, which is due out in theaters April 26. That film is tracking for a massive opening - potentially north of Avengers: Infinity War's record $258m.

Other films expected to hit big at the domestic box office include Fast & Furious spin-off Hobbes and Shaw, and Disney's live action Lion King and animated Frozen 2, Pixar's Toy Story 4 and of course Star Wars: The Rise of Skywalker.