For more estimates listed by title, see box office results here...
Washington, D.C. (September 7, 2011) — The National Association of Theatre Owners (NATO) today announced summer 2011 box office reached a new record of $4.4 billion. Summer admissions were up an estimated 1.0% over summer 2010 to 546 million. 2011 also marked the fifth consecutive summer in which box office revenues exceeded $4 billion. (Summer is defined as running from the first full weekend in May through Labor Day of each year.)
NATO president and CEO John Fithian stated, “In the midst of 9% unemployment and a continuing weak economy, it is striking that the movie theater industry can continue to grow revenues and admissions. Along with our distribution partners, movie theaters offer compelling entertainment in state-of-the-art facilities at reasonable prices. In a weak economy or strong, the movie theater remains the first and most affordable choice in out-of-home entertainment.”
Both box office and admissions have rebounded strongly since the difficult Q1 comparison with 2010. Second quarter box office outstripped the same quarter in 2010 by 4.4%. Admissions were ahead by 2%. The -21% first quarter gap has been nearly erased, with year-to-date box office behind 2010 by only 4.3% and a likely very strong fall and holiday period ahead.



And yet, fewest tickets sold since 1997.
“Reasonable prices”? You are incorrect, sir. Disgusting prices, sir. Films offer an escape from the woes of reality, yes, but the price of escape merely adds to the woes. Chicken & Egg, sir. But it’s cheaper than Disney World, cheaper than a vacation, and cheaper than dinner and drinks. But don’t take us for fools, sir. Your prices are not reasonable.
Then take your ass to the matinee showings and second run theaters like the rest of the broke folks instead of kvetching about it from your basement.
We can continue to expect more mindless sequels, needless remakes and soul-less feature length trailers such as Captain America to be released in coming summers too. As a moviegoer, I am not surprised that fewer tickets are being sold.
i thought piracy was killing the industry
Biggest grosses ever! I see layoffs coming – because the studios can’t afford the overhead or the unions, right?
Let me reiterate that point. Fewest tickets sold since 1997.
But congratulations on finding ways to keep raising the prices with 3D and IMAX. And congratulations on all the crappy product out there this year.
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Allow me to make a movie analogy for all the executives so they can visualize their industry’s problem.
“Our hero, Dirk McCort, has the pedal to the floor trying to outrun the evil Nazibots in his vintage 1969 Barracuda. He’s running out of gas, and the Unobtaniun claws are snapping the air just behind him. Time for one last desperate maneuver.
‘Take the wheel!’ McCort yells to his voluptuous passenger/secretary, Traci Tightbottom.
As Traci drives, McCort climbs out the side window and onto the back of the car. He pulls out his trusty Bowie knife and stabs it into the back of the car near the gas tank. A spray of gas shoots out, which McCort ignites using the cigar he’s had clamped tightly in his teeth. A giant fireball shoots out the back of the gleaming red car, causing it to take off like a rocket and burning the Nazibots in the process.
McCort escapes again.”
OK, now that you have the image, here’s how the analogy works: The Barracuda is the movie industry; Dirk McCort is the executives; the Nazibots are economic obsolescence; the fuel is audience excitement; and the cigar is 3D and tentpole action movies.
And here’s the problem with this story: in real life, once you’ve lit that fuel and burned that last drop of excitement, the ride is over. For good.
Any questions?