×
You will be redirected back to your article in seconds

$1.82 bil and record change

With $ 1.82 billion in the till as of Aug. 19, summer box office earnings breezed past the summer of 1989 to set a new revenue record for the season.

The remaining fortnight leading up to Labor Day should easily take revenues for the period beyond $ 2 billion. If that pace is maintained, attendance figures would translate to at least 434,782,600 admissions.

Ticket sales during the 1989 summer are estimated at 445,264,500, or approximately 2.5% better than the current projected 1993 head count. But the margin between the two years could easily close during the next two weeks.

Daily Variety has revised downward its previous reports of summer 1989 box office to reflect advances in calculation methodology. Daily Variety’s previous numbers included such factors as “phantom” playdates — an approximation of revenues in second-run situations and other venues such as military bases and retro houses. That so-called “sludge” factor was a carryoverMDSD from the pre-computer era, when studio collections were difficult to appraise even for the distributor.

But new technologies have eliminated the need for phantom figures.

Tracking second and subrun dates has also been made less nettlesome by the virtual elimination of a theatrical window once titles are released on videotape and to pay-cable outlets.

After consultation with major studio and independent sources, Daily Variety has readjusted previously published figures that had inflated available revenue data with an added 20% sludge factor. In this instance, earlier reporting of a $ 2.03 billion summer 1989 box office has, with industry assistance, been reappraised to more properly reflect revenues of $ 1.77 billion.

On paper, every summer season is accompanied with the anticipation of bounteous grosses. But 1993’s crop of films, with the exception of Columbia’s “Last Action Hero,” lived up to or exceeded box office expectations.

Fueled by the ongoing strength of “Jurassic Park,” Universal is the current and almost certain market share leader for the summer period. Presently commanding 18.6% of the field from revenues of $ 343.6 million, Universal has thus far relied almost exclusively on the power of the Steven Spielberg dino-mo. The company finished third a year earlier during peak vacation time and was fifth during the previous record period of1989.

Warner Bros., first in the marketplace last year and in 1989, is the present second-place finisher, with $ 287.8 million and 15.8% of the pie. Buena Vista, ranked third with $ 244.2 million and 13.4%, is down a notch from last year and the 1989 period.

Most improved for the period is TriStar, with 11.2% of the market from revenues of $ 204.3 million, which pushes it into fifth. A year ago it finished fifth with a 4.5% share; it mustered 3.1% to rank eighth in 1989. Conversely, Orion, with about .1% in 1993, generated revenues that translated to 1.7% for the 1989 season.

More Film

  • Mammoth Films Festival to Open With

    'In Fabric' to Open Mammoth Lakes Film Festival

    Director Peter Strickland’s “In Fabric” starring “Game of Thrones” star Gwendoline Christie is set to open the fifth Mammoth Lakes Film Festival, the organization has announced today along with their film lineup. The festival in Mammoth Lakes, Calif., will take place May 22-26 and feature several films’ U.S. debuts. In addition to the narrative feature [...]

  • Kristen Stewart'JT LeRoy' Film Premiere, Arrivals,

    Kristen Stewart: 'Charlie's Angels' Reboot Is 'Woke' but Still 'Funny and Weird'

    “Charlie’s Angels” has made the jump to 2019. Kristen Stewart, who stars in the Elizabeth Banks-directed reboot as one of the Angels, says the classic ’70s franchise has been updated to modern times without losing its pulpy action. “At one point I think we said it was woke and grounded, and everyone was like, ‘Wait, [...]

  • Calamity Jane

    Indie Sales Acquires Remi Chayé's Female-Driven Animated Feature 'Calamity' (EXCLUSIVE)

    Paris-based company Indie Sales (“My Life as a Zucchini”) has acquired Rémi Chayé’s animated film “Calamity – The Childhood of Martha Jane Cannary,” the French helmer’s follow up to his critically acclaimed feature debut “Long Way North.” “Calamity – The Childhood of Martha Jane Cannary” tells the story of the 12-year-old Martha Jane who must [...]

  • Scarlett Johansson on 2020 Election, Avengers

    Scarlett Johansson on Running for Office: 'Maybe at Some Point'

    President Scarlett Johansson, anyone? While she may not be running for office at the moment, Johansson says a campaign may be in her future. “Maybe some time in the future,” she says when asked if her political activism has inspired her own aspirations. “I think the greatest way to effect change is in local politics. [...]

  • Circus of Books

    Netflix Acquires Tribeca Doc 'Circus of Books,' Exec Produced by Ryan Murphy (EXCLUSIVE)

    Netflix has acquired worldwide rights to the documentary “Circus of Books” ahead of its premiere at the Tribeca Film Festival. Rachel Mason wrote and directed the pic, and also produced it along with Kathryn Robson, Cynthia Childs, Camilla Hall and Adam Baron. Ryan Murphy, Josh Braun, John Battsek, Rhianon Jones and Gerald Herman executive produced. [...]

  • Santa Fe Studios Netflix

    Santa Fe Studios Competes With Other New Mexico Stages for Streaming Business

    Albuquerque Studios entered the spotlight last October when it was purchased by Netflix. While the complex is clearly the jewel in the crown of New Mexico’s production infrastructure, with eight soundstages totaling 132,000 square feet, 100,000 square feet of production offices, a large backlot and support space, it’s not the only modern studio facility in [...]

  • Jennifer Kaytin Robinson Someone Great

    'Someone Great' Director Jennifer Kaytin Robinson on Reimagining the Rom-Com

    Jennifer Kaytin Robinson, creator of the MTV series “Sweet/Vicious,” recently made her feature debut with “Someone Great,”  now streaming on Netflix. The film follows three friends as they navigate relationships and work in New York City.  Here, the writer-director opens up on reimagining the rom-com, and women changing the face of Hollywood. The three young [...]

More From Our Brands

Access exclusive content