It’s time for a
box office update and, although we seem to be in a bit of a lull between busy
periods, there’s still plenty of news to bring you. First and foremost, what
will happen over the Labor Day weekend?
Angel
Has Fallen to Dominate
In what will finish a quiet August, Angel Has Fallen is expected to lead the box office charts as the third installment of the popular franchise starring Gerard Butler. Earlier in the month, the movie actually surpassed expectations and landed over $21 million in revenues. Using the first two films as a guideline, Olympus Has Fallen (2013) and London Has Fallen (2016), we can expect another good weekend; the first two earned around $10 million in their second weekends. With no major titles to challenge, it may just hold the attention of a few.
As we head into
the final third of the year, the industry is set to pick up again with a whole host of movies on their way. With the likes of It: Chapter
Two, Star Wars: The Rise of Skywalker, and Joker still to
come, we’re almost certain we’ll be bringing you lots of box office news before
the year is up.
Disney
Heading for $11 Billion
Elsewhere,
we’ve been following Disney’s success intently and they’ve now gone past the $8
billion point which means they’re pushing ever closer to that magical $11
billion expectation.
How are they
still doing so well? Just recently, Toy Story 4 reached $1 billion which
means that the company has had FIVE movies reach this milestone in 2019 alone.
Once the new Star Wars movie is joined by Frozen 2, experts predict the
company will have SEVEN movies over $1 billion in a single calendar year. Of
course, this is before we even consider Maleficent: Mistress of Evil, Spies
in Disguise, and Ad Astra (the final two coming from Fox).
We’ve spoken
about this tremendous haul from Disney previously, but it’s hard to ignore.
Will any company ever have such a successful year again? We’re sure Disney will
try!
A
Poor Summer?
Despite all of
the success for Disney, there’s much debate in Hollywood right now regarding
attendance figures and how they’ve actually dropped compared to last summer. Across
the US and Canada, sales will finish at around $4.3 billion for all summer
movies. Compared to 2018, ComScore say this is a decrease of 2%.
Although only a small drop, Hollywood executives will hope this isn’t the start of a new trend. When looking for reasons for the decrease, some have pointed towards the number of poor performers. This includes both Dark Phoenix and Godzilla: King of the Monsters.
Furthermore,
some analysts have blamed the growth of at-home entertainment services. With
various streaming services at the touch of a button and from the comfort of our
own sofa, fewer are leaving home to watch movies!