The weak box office sales this past weekend made it clear that the year is going to end with a whimper. Regal’s shares fell 8.7%, making it the biggest loser among the theater chains followed by Carmike (-4.9%) and Cinemark (-2.9%). Companies closely aligned with theaters also suffered: 3-D technology provider RealD fell 6.2% while ad seller National Cinemedia was off nearly 3%. “The hoped-for 4Q11 box office pop is slipping away,” says Lazard Capital Markets analyst Barton Crockett. Ticket sales so far this quarter are down about 6.9% vs the same period last year, he says. He predicts the quarter will end down 1.9% following an expected surge of Christmas weekend turnout for Paramount’s Mission: Impossible Ghost Protocol as it goes into wide release, Warner Bros’ Sherlock Holmes: A Game Of Shadows, Sony’s The Girl With The Dragon Tatoo, Fox’s Alvin And The Chipmunks: Chipwrecked, and Paramount’s The Adventures Of Tintin.
Separately, BTIG analyst Rich Greenfield lowered his 2012 earnings estimate for Dreamworks Animation to $1.08 a share from $1.25. He says that DVD and Blu-ray sales of Kung Fu Panda 2 are lower than he expected due to the “rapid decline in the DVD business.” He also slashed his overseas box office estimate for Puss In Boots to $300.3M from $342.6M “Despite the strength in Russia, Puss And Boots’ international box office has not lived up to our expectations (only major markets yet to open are Scandavia and Japan),” Greenfield says.
For more estimates listed by title, see box office results here...


Face the Facts:
The studios made a lousy bunch of movies this year. PERIOD.
You can always add in the gradual decline & shift of the audience to the computer…. but that still does not make up for the obvious – that the majority of studio product for this year – with an abundance of remakes, reboots, rehashes of older pictures (audiences can sniff a recycled plot so fast – just listen to your cellphone’s twitter “news updates”) are just-plain-bad. Not compelling. Not arousing curiosity, excitement, or widespread interest. The audience knows a lox when it’s distributed – screw the publicity department……
You do realize that This calls for across the board changes of those who can greenlight a movie at the studios! They guessed WRONG – and proven they don’t have the pulse of the public – that 6th sense of what draws people in. Deal with it. The studios are soooooo big on pink-slipping workers – now is the time to pink-slip the bozos who ruined this year for the entire industry. Time for a cleaning in the executive suites!!
Bad executive decision making in nearly every department.
The problem is not movie quality, it’s the cost. Why pay $30 for two people to see a movie and about $75 for a family of four including 3-D charges and snacks for the kids, when you can watch the same movie at home for no extra cost in a couple of months, if you already a netflix or blockbutser online member, rent it for a $1 at redbox.
I believe the boxoffice has finally hit a tipping point, where the cost of tickets have gone up so much that more people are staying home and the rise in tickets prices are not enough to offset the decrease in attendance.