Thursday Is Hollywood’s New Friday as Weekend Expands
Hollywood studios are squeezing more into their weekend box office reports this year, adding ticket sales from Thursday shows and making big movie openings look even more lucrative.
Fourteen films this year with opening-weekend sales of more than $50 million were screened on Thursday nights in U.S. theaters, according to showtimes from Fandango.com, the ticket-buying service. That compares with two last year, when most early showings started at 12:01 a.m. on Friday.
The Thursday shows give studios extra business on a slow night and, in some cases, the chance to trumpet record totals with the extra day tossed in to the traditional Friday-to-Sunday tally. While the new accounting suggests a better reception for a movie, it can muddle comparisons with earlier films.
“It really destroys the concept of, How did the movie do?” Peter Sealey, a former chief marketing officer for Columbia Pictures, said in an interview.
A recent example is “The Hunger Games: Catching Fire,” which has led the box office the past two weekends. While Lions Gate (LGF) Entertainment Corp. officially released the film on Friday, Nov. 22, theaters across the U.S. began showings at 8 p.m. the night before.
Lions Gate reported that “Catching Fire” generated $158.1 million in opening weekend sales -- $5.6 million more than the first “Hunger Games” movie, released in March 2012. The new film’s total was bolstered by $25.3 million in Thursday night screenings -- including midnight shows -- complicating comparisons with the first “Hunger Games,” which didn’t play earlier than midnight.
“We’re entering a new period where you can put an asterisk by opening weekends and say it includes Thursday too,” said Phil Contrino, an analyst with researcher Boxoffice.com.
Lions Gate, run from Santa Monica, California, added 1.3 percent to $30.73 at the close in New York. The shares have advanced 87 percent in 2013, compared with a 27 percent gain for the Russell 1000 Index.
The earlier screenings grew more common after a July 2012 shooting at a midnight showing of Warner Bros. (TWX)’ “The Dark Knight Rises” in Aurora, Colorado, left 12 dead, and traffic at late-night shows dropped off. The policy at Fox is to start Thursday shows at 10 p.m or later and include them in the weekend totals, said Chris Aronson, executive vice president for distribution at the 21st Century Fox Inc. unit.
“For us, 10 p.m. became the new midnight,” Aronson said in an interview.
This year, virtually every studio has added Thursday showtimes for many of their biggest films, while also running midnight shows. Ultimately the quality of the film will decide whether it takes in a lot of money, not early screenings, Aronson said.
Representatives of Lions Gate and other major studios declined to comment, as did the Motion Picture Association of America trade association.
Research outfits have gone along, sometimes footnoting that Thursday receipts are included.
The change has muddied all-time rankings. “Iron Man 3,” from Walt Disney Co. (DIS), had the third-biggest opening of all time, with a $185.4 million haul, according to Box Office Mojo, which ranks films in dozens of categories. That put the film ahead of “Dark Knight Rises,” which didn’t have Thursday screenings.
“Does it stretch the box office a little bit? Yes,” said James Marsh, an analyst with Piper Jaffray & Co. who recommends buying Lions Gate stock and is neutral on Burbank, California-based Disney. “It’s nice to have a headline, some kind of record opening.”
Boxoffice.com will include Thursday in Friday-to-Sunday totals as long as the studios do, according to Contrino. Representatives from BoxOffice Mojo, owned by Amazon.com Inc. (AMZN), didn’t respond to requests for comment.
By starting the weekend early, the studios gain benefits that go beyond bragging rights. Positive comments from Thursday-night moviegoers on Twitter and Facebook help fill seats from Friday to Sunday, said Jeff Bock, an analyst with researcher Exhibitor Relations Co. Kids at school on Friday can tell their friends they’ve already seen a widely anticipated film, he said.
Through Dec. 3, “Catching Fire” had earned $303.7 million at the domestic box office, versus $258 million for its predecessor after its first 12 days, according to Lions Gate.
Movie chains, which split ticket revenue with the studios, say they’re happy to fill seats in the middle of the week. Through Dec. 1, domestic receipts totaled $9.85 billion this year, little changed from a year earlier.
“How they account for it, it’s not something we’re concerned with,” said Bud Mayo, chairman and chief executive officer of Digital Cinema Destinations Corp. (DCIN), an exhibitor based in Westfield, New Jersey. “If I were Lions Gate I’d be doing it too.”
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