Labor Day weekend box office ends summer movie season with a whi - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

Labor Day weekend box office ends summer movie season with a whimper

Updated:
© Digital Trends © Digital Trends


By 


Provided by

This year’s Labor Day weekend box office is sending the summer movie season out on a low note.

Following on the heels of last week’s worst box-office weekend since 2001, the four-day holiday weekend didn’t do much to turn things around in theaters. Although action-comedy The Hitman’s Bodyguard became the summer’s only film to top the box-office charts three weeks in a row, it did so amid some of the lowest ticket sales in decades for the season.

Industry estimates indicate that the final tally for the four-day weekend will likely end up around $95.5 million in U.S. theaters — the first time since 1998 that the holiday weekend generated less than $100 million in domestic ticket sales. The low numbers certainly weren’t helped by the fact that this was the first Labor Day weekend in 25 years not to have a major new release premiere in theaters.

The bad news for Hollywood coming out of this year’s summer movie season doesn’t stop there, though, as this will likely be the first time since 2006 that the slate of summer movies failed to make more than $4 billion domestically. In the end, even the box-office success of top summer movies Wonder WomanGuardians of the Galaxy Vol. 2Spider-Man: Homecoming, and Despicable Me 3 wasn’t enough to counter some of the season’s biggest flops, chief among them King Arthur: Legend of the Sword and Valerian and the City of a Thousand Planets.

Still, the news wasn’t all bad for some films.

The Hitman’s Bodyguard certainly took advantage of the weak slate of offerings to the tune of $58 million over three weekends. The R-rated comedy starring Ryan Reynolds and Samuel Jackson was made for just $30 million, so studio Lionsgate is probably quite happy about that performance.

The fourth weekend for horror prequel film Annabelle: Creation also put it past the total gross for its 2014 predecessor, Annabelle, so it was a good week for that particular release, too.

Basically, it was a weekend for many of films that premiered over the last three weeks to tack a bit more on their theatrical runs without much — if any — competition for audiences, and many of the stronger films took advantage of that environment.

The only other noteworthy aspect of the Labor Day weekend was the release of the pilot episode for Marvel’s Inhumans television in theaters for a limited weekend runInhumans ended up raking in approximately $1.5 million across 393 IMAX theaters, which isn’t too shabby for a series that had a relatively lukewarm reception from fans of Marvel’s properties in the weeks leading up to the theatrical event.

Although the summer movie season is officially over, the box-office numbers are expected to get back on track this week with the release of Stephen King adaptation It in theaters. The film, which is the first of a two-part adaptation of King’s novel, has received positive reviews from critics so far and appears to be reaping the benefits from a strong marketing campaign leading up to its release. It’s also the biggest release for the weekend, which should work to its advantage.

This article was originally posted on Digital Trends

Content provided by
INFORMATIONAL DISCLAIMER The information contained on or provided through this site is intended for general consumer understanding and education only and is not intended to be and is not a substitute for professional financial or accounting advice. Always seek the advice of your accountant or other qualified personal finance advisor for answers to any related questions you may have. Use of this site and any information contained on or provided through this site is at your own risk and any information contained on or provided through this site is provided on an "as is" basis without any representations or warranties.
  • Entertainment NewsEntertainment NewsMore>>

  • Nevada's famous pimp expected to win election despite death

    Nevada's famous pimp expected to win election despite death

    Wednesday, October 17 2018 5:08 PM EDT2018-10-17 21:08:36 GMT
    Thursday, October 18 2018 4:21 PM EDT2018-10-18 20:21:11 GMT
    (AP Photo/Sue Ogrocki, File). FILE - In this June 13, 2016, file photo, Dennis Hof, owner of the Moonlite BunnyRanch, a legal brothel near Carson City, Nev., is pictured during an interview during a break in the trial of Denny Edward Phillips and Russe...(AP Photo/Sue Ogrocki, File). FILE - In this June 13, 2016, file photo, Dennis Hof, owner of the Moonlite BunnyRanch, a legal brothel near Carson City, Nev., is pictured during an interview during a break in the trial of Denny Edward Phillips and Russe...
    Nevada's most famous pimp expected to win election to state Assembly despite death. 
    Nevada's most famous pimp expected to win election to state Assembly despite death. 
  • Jamie Lee Curtis Reflects on 40 Years of 'Halloween'

    Jamie Lee Curtis Reflects on 40 Years of 'Halloween'

    Thursday, October 18 2018 3:35 PM EDT2018-10-18 19:35:36 GMT

    James asks Jamie Lee Curtis about the latest installment of the "Halloween" film franchise and how her leading role in the first film 40 years ago set her career up. 

     

    James asks Jamie Lee Curtis about the latest installment of the "Halloween" film franchise and how her leading role in the first film 40 years ago set her career up. 

     
  • Banksy posts video saying incomplete shredding a malfunction

    Banksy posts video saying incomplete shredding a malfunction

    Wednesday, October 17 2018 7:08 PM EDT2018-10-17 23:08:21 GMT
    Thursday, October 18 2018 3:22 PM EDT2018-10-18 19:22:35 GMT
    (Pierre Koukjian via AP). FILE - In this file image taken from video on Friday, Oct. 5, 2018, people watch as the spray-painted canvas "Girl with Balloon" by artist Banksy is shredded at Sotheby's, in London. Sotheby's says the winning bidder for a Ban...(Pierre Koukjian via AP). FILE - In this file image taken from video on Friday, Oct. 5, 2018, people watch as the spray-painted canvas "Girl with Balloon" by artist Banksy is shredded at Sotheby's, in London. Sotheby's says the winning bidder for a Ban...
    Banksy posts video in which he implies partial shredding of auctioned painting a malfunction. 
    Banksy posts video in which he implies partial shredding of auctioned painting a malfunction. 
Powered by Frankly
All content © Copyright 2000 - 2018 KFMB-TV. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.