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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