Box Office: Worst Labor Day Take Since 1990’s

Box Office: Worst Labor Day Take Since 1990’s

Box Office: Worst Labor Day Take Since 1990’s

$LGF, $TWX, $SNE, $IMAX, $AMZN

There are no new major releases on this Labor Day weekend for the 1st time in 25 years

The box office revenue for the 4-day holiday weekend will be about $100-M, down more than 22% from Y 2016 and likely the worst Labor Day since Y 1998 came in at $78.8-M.

The Hitman’s Bodyguard, Lionsgate’s (NYSE:LGF) action comedy benefited from the lack of competition by earning as much in its 3rd frame as it did last weekend, grossing an estimated $12.9-M for the 4 days.

Annabelle: Creation benefited. The horror pic’s 4-day gross is at $9.3-M.

Steven Soderbergh’s Logan Lucky, a box-office will finish its 3rd weekend with just over $21-M, with a projected $5.7-M in for the 4 days, coming in 5th.

World War II epic Dunkirk, from Warner Bros. a unit of Time Warner (NYSE:TWX) placing #6 domestically and marching past $458-M in global ticket sales.

Specialty crime thriller Wind River earned an estimated $7.5-M for the 4 days to place # 3 in North America

The animated family film Leap! took in an estimated $7-M for a 4th-place finish

TWC’s long-delayed Tulip Fever, came DOA in its moderate debut in 765 locations. The period drama placed #20 domestically with an estimated $1.5-M for the 4 days.

Sony’s (NYSE:SNE) re-release of Steven Spielberg’s Close Encounters of the Third Kind, timed to the film’s 40th anniversary and re-release on DVD, with a projected 4-day gross of $2.3-M from 901 locations.

And the 1st 2 episodes of ABC and Marvel Television’s Inhumans in 380 Imax theaters is projected to earn $1.4-M for the 4days.

Amazon Studios (NASDAQ:AMZN) and Lionsgate’s The Big Sick prospered as it returned to 1,270 locations, earning an estimated $1.8-M for the 4 days for a domestic total of $41.3-M.

Lionsgate’s Hazlo Como Hombre (Do It Like An Hombre), which did blockbuster business in Mexico earlier this year, opened to $1.4-M from 383 locations.

The Summer box-office revenue is expected to finish at $3.8-B, down more than 15% over Summer 2016, according to comScore.

That is the steepest decline in modern times, eclipsing the 14.6% dip in Y 2014. Attendance also dove, down an estimated 18 percent.

Official Summer numbers will be released Tuesday.

YTD revenue is down 5.7% domestically. Overseas, international box-office revenue is up nearly 4% so far this year, thanks primarily to China.

The massive wildfire in Los Angeles dampened movie goers there it seems.

Have some fun, see a movie this week.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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