Ticket sales at North American cinemas declined an estimated 3 percent,
to $4.28 billion, for the period from the first full weekend in May to
Labor Day, compared with the period a year earlier. The last time
studios experienced a decline for the summer was seven years ago,
according to Hollywood.com, which compiles box office data.
But even higher ticket prices could not offset empty seats. Attendance
for the period, when studios record about 40 percent of their annual
ticket revenue, was the lowest since at least 1993, when independent
records started to be kept. About 533 million people went to the movies,
a 4 percent drop compared with last summer.
These dour statistics, offset somewhat by international sales, come
despite a season that included two huge hits: “The Avengers” took in
about $620 million in North America for Disney (over $1.5 billion worldwide); and “The Dark Knight Rises” sold over $431 million in tickets for Warner Brothers (closing in on $1 billion globally).
Studio executives point to the mass shooting in July at a Colorado
theater as one reason for the unexpectedly chilly summer. In the weeks
after the killings, which took place at a midnight showing of “The Dark
Knight Rises,” up to 25 percent of moviegoers were reluctant to visit
multiplexes, according to the research firm NRG.
Higher than normal interest in the Olympics also kept people home, with
one out of every 10 moviegoers replacing at least one trip to the movies
with televised sports, according to the research firm Ipsos MediaCT.
Consumers also continued to push back against higher ticket prices;
although Imax had a solid season, theaters sold an estimated 15 percent
fewer premium-priced 3-D tickets this summer compared with the period a
year earlier.
Do not let the movies themselves off the hook, analysts say. At a time
when social media are making it harder for studio marketers to put
lipstick on pigs, films like “Battleship,” “Total Recall,” “Rock of
Ages” and “Abraham Lincoln: Vampire Hunter” missed the creative mark,
failing to charm either critics or audiences.
“Some of it was conceptual ideas that didn’t connect and some of it was
just bad product,” said Vincent Bruzzese, president of Ipsos MediaCT’s
Worldwide Motion Picture Group.
Still, the summer of 2012 may be most remarkable for its extremes. After
shooting out of a cannon with “The Avengers,” which broke an industry
record in May for the biggest opening weekend ever, the movie business
closed its warm-weather season with catastrophic results for “The
Oogieloves in the Big Balloon Adventure.”
Over the weekend, “Oogieloves,” which cost about $55 million to make and
market and was released on 2,160 screens, took in about $448,000; that
result ranks “Oogieloves,” independently made by the “Teletubbies”
impresario Kenn Viselman, as one of the biggest flops of all time. (“The
Possession,” distributed by Lionsgate,
was the No. 1 movie for the weekend, taking in $17.7 million, according
to Hollywood.com; the horror movie cost about $15 million to make.)
The swing between huge hits and huge misses was felt at most of
Hollywood’s big studios — the consequence, analysts say, of cutting back
on midbudget movies in favor of franchise pictures that cost roughly
$200 million to make and $150 million more to market. “For better or
worse, that’s the game these days,” said Nikki Rocco, president of
Universal Pictures Distribution.
Universal, now owned by Comcast, had the summer’s biggest flop,
“Battleship,” which performed so poorly compared with its swollen budget
that it led the studio to post an $83 million second-quarter loss. But
Universal also had the biggest surprise success in Seth MacFarlane’s
“Ted,” a relatively inexpensive comedy that to date has taken in about
$216 million domestically and $384 million in total.
Sony Pictures Entertainment successfully released “The Amazing
Spider-Man,” which took in about $260 million in North America and $735
million worldwide. But two duds — the comedy “That’s My Boy” and “Total
Recall” — ate into profits from “Spider-Man.” (Most box office analysts
mark “Men in Black 3” as a wash, taking in a hefty sum but also costing
one; a Sony spokesman placed the movie firmly “in the win column.”)

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