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2017 BOX OFFICE THREAD

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3 hours ago, Brian Fowler said:

It's also about $4 million less than the 2004 King Arthur.

 

And thanks for the quick reminder of a MySpcae era mini scandal. Does everyone remember when they airbrushed more marketable boobs onto Keira Knightly?

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I want to google that but God only knows that the results will be.

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Ah yes, when Guinevere was Arthur's manic pictsie dream girl.

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So unless Alien Covenant has some major legs or opens big in an international market, looks like a bomb despite hitting #1. 

 

$36 million beats GotG2 by less than a mil and despite being around $78 mil worldwide, it has an uphill battle to make back that $100 million budget.

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The world’s largest theater chain announced on Tuesday that it plans to save $30 million by the end of the year by reducing operating hours and cutting staffing levels, among other measures. The plan went into effect this month.

The belt-tightening wasn’t enough to assuage Wall Street. Shares of AMC plummeted 27% in after-hours trading on the announcement and on weaker than anticipated second-quarter guidance. AMC doesn’t share its earnings until Aug. 7, but the company said it expects to report a loss of between $178.5 million to $174.5 million for the three-month period ending in June. That would be a sharp drop from the $24 million in profit it logged over the same time frame last year. It would also amount to a loss of between $1.36 and $1.34 a share.

Revenues are expected to top out at $1.2 billion, which would be an increase from the $764 million that AMC reported in the year-ago period. Analysts had been expecting the exhibitor to report revenues of $1.26 billion and a one cent loss.

The summer box office has been a disappointing one for exhibitors. Box office flops such as “Baywatch” and “King Arthur” have dragged down ticket sales, while hits such as “Wonder Woman” and “Guardians of the Galaxy Vol. 2” haven’t been potent enough to staunch the bleeding. Domestic revenues this summer are down 7%, while second-quarter sales in North America fell 3.3%.

Even with another “Star Wars” film hitting theaters in December and a “Thor” sequel in November, AMC isn’t expecting the box office to fully rebound. The theater chain projected that North American box office revenues will be down nearly 2% this year at $11.2 billion.

http://variety.com/2017/film/news/amc-stock-1202512942/

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So last year they turned a profit off $764 million in revenue, and this year they are taking a loss on $1.2 billion? It doesn't sound like the falling box office is the problem.

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No - revenues will be $1.2 billion up from the $764 million

Experts expected them to announce a 1 cent loss 

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revenues of $1.26 billion and a one cent loss.

Quote

the company said it expects to report a loss of between $178.5 million to $174.5 million for the three-month period ending in June.

So if that happened for all 12 months it would still be less than a billion and clearly they are thinking some of the bleeding will be stopped starting with the July, August, Sept

It reads to me like the WWE report. They are still making money but not as much as the investors thought so they are slashing

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Ah yes, heavy cuts to appease the shareholders in the short term while sabotaging your long term profitability.

 

Capitalism is the best.

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My point is, if they turned a profit off 700 million, and revenues are increasing by half a billion, blaming the downward trend of the box office seems like a scapegoat for overextending themselves.

 

Also, maybe I'm misreading it, but I read it that analysts expected a one cent loss before the official numbers came out with the losses actually being in $175 million range.

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Presumably an accounting/tax practice we poor people never have to worry about understanding.

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I believe the projected one cent loss was a per share amount, not what the company was expected to lose for the quarter.  Instead it's ending up as a $1.34 to $1.36 per share loss.

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IT broke the record for highest September opening weekend...in one day.  On pace for $100 million.

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1 minute ago, EVA said:

IT broke the record for highest September opening weekend...in one day.  On pace for $100 million.

What did?

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1 hour ago, Matt D said:

What did?

c2aa7016f7daaac0b3a19f1e42cc8e0b.jpg

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It is also going to bring in more money this weekend by itself than the entire domestic top twelve did either of the last two weekends.

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Well give people a quality movie they want to see, and they go to the theaters. . . .What a shock.

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On ‎9‎/‎9‎/‎2017 at 1:32 PM, EVA said:

IT broke the record for highest September opening weekend...in one day.  On pace for $100 million.

Best opening for a horror move EVER~!

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Best fall opening, second best R-Rated opening, and already the fifth highest grossing R-Rated and the seventh highest supernatural horror of any rating gross ever. After three days.

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Great movie, cinematography,  80's nostalgia,  based on a classic novel and 90's nostalgia with the miniseries.  WB is on a fucking roll. Wonder Woman, Dunkirk, Annabelle: Creation,  IT. 

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