Hollywood’s Worst Summer Since 2006 Ends With ‘Guardian’

Zoe Saldana, Groot (back, voice: Vin Diesel), Dave Bautista, and Chris Pratt in the Guardians of the Galaxy, 2014. Photograph: Walt Disney Studios Motion Pictures/Everett Collection Close

Zoe Saldana, Groot (back, voice: Vin Diesel), Dave Bautista, and Chris Pratt in the... Read More

Close
Open

Zoe Saldana, Groot (back, voice: Vin Diesel), Dave Bautista, and Chris Pratt in the Guardians of the Galaxy, 2014. Photograph: Walt Disney Studios Motion Pictures/Everett Collection

Hollywood finished its worst summer for ticket sales since 2006 with “Guardians of the Galaxy,” the movie from Walt Disney Co. (DIS)’s Marvel studio about a group of misfit superheroes, staying atop U.S. and Canadian theaters.

Many fans stayed away from the multiplex this season, which still produced the year’s biggest U.S. film with the Aug. 1 release of “Guardians.” The summer total slid 15 percent to $4.06 billion from a year ago, researcher Rentrak Corp. said in a statement. That’s the least since $3.75 billion in 2006.

“Summer 2014 was in the unenviable position of following what was the biggest revenue-generating summer of all time in 2013,” Paul Dergarabedian, senior analyst at Rentrak, said in a phone interview over the U.S. Labor Day weekend. “This made comparisons very tough.”

“Guardians” collected $22.9 million over the four-day holiday weekend, outdrawing two new releases, Rentrak said in a statement today. “Teenage Mutant Ninja Turtles” remained in second place, generating $15.6 million.

Two new films opened in wide release. “As Above/So Below,” from Comcast Corp. (CMCSA)’s Universal Pictures, opened with sales of $10.3 million to rank fifth. The audience for the R-rated horror movie, in which explorers discover secrets in Paris’s catacombs, was about 52 percent female, and about 57 percent of the group was younger than age 25, according to a Rentrak/Screen Engine’s PostTrak survey.

Critical Reviews

The picture was reviewed unfavorably by critics, heading into the weekend with a 23 percent positive rating on Rottentomatoes.com, which distills reviews into a single number. BoxOffice.com had projected $11.5 million in sales over the four days.

“There are some interestingly contrived moments of claustrophobia and surreal lunacy, but this cliched and slightly hand-me-down script neither scares nor amuses very satisfyingly,” Peter Bradshaw wrote in the Guardian.

“The November Man,” from Relativity Media LLC, produced $10.1 million for sixth place. The spy thriller, which stars actor Pierce Brosnan, attracted an audience in which 83 percent of the viewers were older than age 25, a survey showed.

Brosnan stars as an ex-CIA operative who is brought back into action and pitted against a former pupil in a battle involving the Russian president-elect.

The film, which opened on Aug. 27, was forecast to generate $8.8 million for Relativity Media over four days. The movie registered a 36 percent positive rating with Rottentomatoes.com.

Summer Scheduling

Scheduling played a role in the shrinking summer sales at theaters. Some studios shifted film releases to avoid conflict with the World Cup from mid-June to mid-July.

Others released clunkers like “Edge of Tomorrow,” from Warner Bros. The Tom Cruise film cost $178 million to make, according to Box Office Mojo, and brought in $100 million in domestic sales.

Delays also played a role. Disney’s Pixar division pushed back the release of “The Good Dinosaur” until November 2015 because the film wasn’t ready, while Universal Pictures postponed “Fast & Furious 7” until next year with the death of actor Paul Walker in an automobile accident.

Worldwide, “Transformers: Age of Extinction” is still the top movie for the summer and for the year, with $1.07 billion in global revenue, according to Box Office Mojo. “Guardians” has about $554 million in worldwide sales and is unlikely to catch up.

International Sales

While the international box office makes up a growing portion of film revenue, the U.S. remains the largest market. The sales that studios receive for movies in the home-entertainment market -- cable TV showings, DVDs and movie downloads, for example -- closely follow the domestic box office, and are in some cases tied directly to ticket sales.

With “Guardians,” Marvel brought a scrappy, less-known group of comic-book heroes to cinemas, with an eye toward developing a new film series. The studio spent $170 million making the movie, according to Box Office Mojo. A sequel is planned for 2017, Disney said.

Chris Pratt, known for NBC’s “Parks & Recreation” sitcom, stars as Peter Quill, an American pilot who becomes the target of a unrelenting bounty hunt in space. He’s pursued after stealing a mysterious orb coveted by the super-villain Ronan, played by Lee Pace.

Pratt is joined by co-stars Zoe Saldana, Dave Bautista, and characters voiced by Bradley Cooper and Vin Diesel.

Cold Summer

The summer season runs from the start of May through the U.S. Labor Day holiday, which was yesterday. Producing hits during this period is critical for studios, which generate about 40 percent of their annual box-office revenue when children are on school break.

Weekend sales for the top 10 films fell 2.6 percent to $107.2 million from a year earlier, Rentrak said. For the year to date, domestic ticket sales are down 5.2 percent to $7.23 billion.

The following table has U.S. movie box-office figures provided by studios to Rentrak. The amounts are based on gross ticket sales for Aug. 29 to Sept. 1.

Rev. *Pct. Avg./ Total Movie (mln) Chg. Theaters Theater (mln) Wks ================================================================ 1 Guardians $22.9 -1 3,462 $6,617 $281.2 5 2 Ninja Turtles 15.6 -29 3,543 4,409 166.3 4 3 If I Stay 11.8 -41 3,003 3,919 32.3 2 4 Let’s Be Cops 10.4 -23 3,010 3,446 59.5 3 5 As Above 10.3 -- 2,640 3,895 10.3 1 6 November Man 10.1 -- 2,776 3,640 11.8 1 7 Game Stands Tall 8.2 -28 2,673 3,052 18.8 2 8 Giver, The 7.0 -18 2,805 2,480 33.2 3 9 Hundred-Foot 6.5 -10 1,918 3,372 41.3 4 10 Expendables 3 4.5 -45 2,564 1,770 34.2 3 *Weekly percentage change based on Friday to Sunday totals. Top 10 Films Grosses This Week Year Ago Pct. (mln) (mln) Chg. =================================== $107.2 $110.0 -2.6 Year-to-date Revenue 2014 2013 YTD YTD Pct. (mln) (mln) Chg. =================================== $7,234 $7,635 -5.2 Source: Rentrak Corp. (RENT)

To contact the reporters on this story: John Detrixhe in New York at jdetrixhe1@bloomberg.net; Anousha Sakoui in London at asakoui@bloomberg.net

To contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net Rob Golum, Ben Livesey

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.