Breaking News Bar
updated: 12/30/2013 6:23 AM

Hollywood poised for best-ever box-office year

hello
Success - Article sent! close
  • Warner Bros.' "Gravity" has earned $254 million domestically. Hollywood is expected to have a banner year as box office totals are projected to peak at just under $11 billion, bringing in more theater revenue in 2013 than ever before.

      Warner Bros.' "Gravity" has earned $254 million domestically. Hollywood is expected to have a banner year as box office totals are projected to peak at just under $11 billion, bringing in more theater revenue in 2013 than ever before.
    Associated Press

  • Donald Sutherland as President Snow in "The Hunger Games: Catching Fire." Hollywood is expected to have a banner year as box office totals are projected to peak at just under $11 billion, bringing in more multiplex revenue in 2013 than ever before.

      Donald Sutherland as President Snow in "The Hunger Games: Catching Fire." Hollywood is expected to have a banner year as box office totals are projected to peak at just under $11 billion, bringing in more multiplex revenue in 2013 than ever before.
    Associated Press

  • Jaden Smith starred in "After Earth." Hollywood is expected to have a banner year as box office totals are projected to peak at just under $11 billion, bringing in more multiplex revenue in 2013 than ever before.

      Jaden Smith starred in "After Earth." Hollywood is expected to have a banner year as box office totals are projected to peak at just under $11 billion, bringing in more multiplex revenue in 2013 than ever before.
    Associated Press

  • Johnny Depp, left, plays Tonto and Armie Hammer is The Lone Ranger in Disney's "The Lone Ranger."

      Johnny Depp, left, plays Tonto and Armie Hammer is The Lone Ranger in Disney's "The Lone Ranger."
    Associated Press

  • Jeff Bridges, left, and Ryan Reynolds star in "R.I.P.D."

      Jeff Bridges, left, and Ryan Reynolds star in "R.I.P.D."
    Associated Press

  • Josh Hutcherson, left, as Peeta Mellark, Elizabeth Banks as Effie Trinket and Jennifer Lawrence as Katniss Everdeen star in "The Hunger Games: Catching Fire." Hollywood is expected to have a banner year as box office totals are projected to peak at just under $11 billion, bringing in more revenue than ever before.

      Josh Hutcherson, left, as Peeta Mellark, Elizabeth Banks as Effie Trinket and Jennifer Lawrence as Katniss Everdeen star in "The Hunger Games: Catching Fire." Hollywood is expected to have a banner year as box office totals are projected to peak at just under $11 billion, bringing in more revenue than ever before.
    Associated Press

  • Robert Downey Jr. is Tony Stark/Iron Man and Gwyneth Paltrow as Pepper Potts in "Iron Man 3." Hollywood is expected to have a banner year as box office totals are projected to peak at just under $11 billion, bringing in more multiplex revenue in 2013 than ever before.

      Robert Downey Jr. is Tony Stark/Iron Man and Gwyneth Paltrow as Pepper Potts in "Iron Man 3." Hollywood is expected to have a banner year as box office totals are projected to peak at just under $11 billion, bringing in more multiplex revenue in 2013 than ever before.
    Associated Press

 
Associated Press

LOS ANGELES -- Despite a string of summertime flops, Hollywood is expected to have a banner year at the domestic box office, coming in just shy of $11 billion, the largest annual take ever. But because of higher ticket prices, actual attendance at North American theaters remained flat after a decade of decline.

With the current domestic box-office tally nearly 1 percent ahead of last year at this time, 2013 could surpass 2012's overall haul of $10.8 billion by more than $100 million, according to box-office tracker Rentrak.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

High-profile flops such as "The Lone Ranger," "After Earth," "R.I.P.D." and "Turbo" were offset by megahits like "Fast & Furious 6" and "Iron Man 3," which consistently filled theaters last summer.

More recently, Warner Bros.' space epic "Gravity" has earned $254 million domestically, Lionsgate's sci-fi sequel "The Hunger Games: Catching Fire" has grossed $378 million and fantasy prequel "The Hobbit: The Desolation of Smaug" has brought in $150 million for Warner Bros.

A strong holiday slate is also boosting the year's box-office total. "There has virtually been every kind of genre of film available," said Rentrak box-office analyst Paul Dergarabedian. "You have blockbusters like `Hobbit' and esoteric, challenging films like `Nebraska,' `Dallas Buyers Club' and `Mandela: Long Walk to Freedom.' All of these films get people to the movies."

But the National Association of Theater Owners projects that the actual number of tickets sold domestically in 2013 will remain about the same as last year's 1.36 billion. That's down from the all-time high of 1.57 billion admissions in 2002.

Entertainment available on countless portable devices continues to threaten multiplex attendance, as do advanced home theater systems and video-on-demand services offering original premium programming and feature films the same day as their theatrical release.

But Hollywood is fighting back with the premium multiplex experience. Movie attendance may be tepid, but the audience is willing to pay more for theater extras, which keep the bottom line growing, even as admissions remain flat.

"Theaters are offering IMAX, bigger chairs, dine-in options and alcohol," said Don Harris, head of distribution at Paramount. "It's kind of like the difference between staying at a Hilton or a Ritz Carlton. I think what you saw this year was a growth in a segment of the audience that isn't as worried about the price of a movie ticket as they are interested in the out-of-home premium experience. I think you're going to see that going forward."

And with all of the bells and whistles now offered at theaters, moviegoing is still one of the least expensive ways to be entertained, compared to concerts, sporting events and live theater," notes Richie Fay, Lionsgate's president of domestic distribution.

Studios are hoping to continue that growth in 2014 with such anticipated releases as "Captain America: The Winter Soldier," "The Amazing Spider-Man 2," "X-Men: Days of Future Past" and "Transformers: Age of Extinction" and "The Hunger Games: Mockingjay -- Part 1."

"I think the fact that attendance is at least holding its own is impressive, given the number of other media options in the mix," said Rentrak's Dergarabedian. "Going out to the movie theater is clearly as attractive, relevant and viable as ever with audiences."

Although year-end figures for the overseas box office are not yet available, foreign receipts are typically two to three times higher than domestic earnings. So fan-driven hits like "The Hangover Part III," which grossed $112.2 million in North America, are expected to earn more than double their domestic takes overseas.

"With all of its ebbs and flows, ups and downs, the theatrical experience just continues to resonate," said Rory Bruer, head of distribution at Sony.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.