Hollywood is finishing its summer with record revenue but the lowest actual movie attendance in five years.
Domestic receipts from the first weekend in May through the upcoming Labor Day weekend should come in at about $4.35 billion — $100 million more than the record set last year, according to Paul Dergarabedian, box-office analyst for Hollywood.com.
Attendance is down because of a steep rise in ticket prices, heavily due to a surge in 3-D screenings, which cost a few dollars more than regular movie admissions.
Through Labor Day, the actual number of tickets sold during the summer season is expected to come in at 552 million, the lowest since 563.2 million tickets were sold in summer 2005, Dergarabedian estimated Monday.
Ticket prices this year are averaging $7.88, according to the National Association of Theatre Owners. That’s up 38 cents, or 5 percent, from 2009.
“To have record revenue built on the back of much higher ticket prices, in a way, it’s kind of a shallow victory. You want to see attendance go up every year, not down,” Dergarabedian said.
The summer delivered some huge crowd-pleasers, led by Disney’s “Toy Story 3,” which followed “Shrek 2” as just the second animated film to top $400 million at the domestic box office.
Paramount’s “Iron Man 2” shot past $300 million, while Summit Entertainment’s “The Twilight Saga: Eclipse” has almost hit that mark. Topping $200 million were the Warner Bros. release “Inception,” Paramount and DreamWorks Animation’s “Shrek Forever After” and Universal’s “Despicable Me.”
Sony had three $100 million hits with “The Karate Kid,” ”Grown Ups” and “Salt.”
Other releases failed to live up to the hype of summer blockbuster season, among them the Warner Bros. sequel “Sex and the City 2,” Disney’s “The Prince of Persia: The Sands of Time” and “The Sorcerer’s Apprentice,” and 20th Century Fox’s “Marmaduke” and “Knight and Day.”
“Audiences were underwhelmed, and they voted with their absence,” Dergarabedian said. “If you asked most people what they thought of the quality of the movies, it’s kind of a so-so summer. We could have done a lot worse were it not for films like ‘Inception’ and ‘Toy Story 3.'”
DGA Feature Nominees: Audiard, Baker, Berger, Corbet and Mangold
The field of feature nominees for the Directors Guild of America (DGA) Awards spanning two categories is set. Nominated for the DGA honor for Outstanding Directorial Achievement in Theatrical Feature Film for 2024 are: Jacques Audiard for Emilia Pérez, Sean Baker for Anora, Edward Berger for Conclave, Brady Corbet for The Brutalist, and James Mangold for A Complete Unknown.
The DGA also revealed the nominees for the Michael Apted Award for Outstanding Directorial Achievement in First-Time Theatrical Feature Film. The first-time narrative feature directors are: Payal Kapadia for All We Imagine as Light, Megan Park for My Old Ass, RaMell Ross for Nickel Boys, Halfdan Ullman Tondel for Armand, and Sean Wang for Diddy.
“2024 has been a truly extraordinary year for storytelling--and today’s nominees have created audacious and unique films that expand the possibilities of cinematic excellence,” said DGA president Lesli Linka Glatter. “I am thrilled to congratulate all our nominated directors for their brilliant work, which is visionary, inspirational and speaks to the depth of the human experience. To be chosen by one’s peers is the true marker of outstanding directorial achievement and what makes these nominations so very special.”
The winners will be announced at the 77th Annual DGA Awards on Saturday, February 8.
Here’s a fuller rundown of the nominees in both DGA Award categories:
THEATRICAL FEATURE FILM
Outstanding Directorial Achievement in Theatrical Feature Film for 2024 (in alphabetical order):
JACQUES AUDIARD
Emilia Pérez
(Netflix)
SEAN... Read More