The 5 biggest winners and losers at the box office this summer — including 'Wonder Woman,' Rotten Tomatoes, and sequels (AMC)
Marvel
The summer movie season is supposed to be the time of year when movie studios and theaters cash in.
The big event movies are placed in the summer months to specifically draw in the kids who are out of school. In the past, that's led to a period when the movie industry makes a large chunk of its revenue for the year.
But both studios and exhibitors are suddenly seeing that the game has changed.
Summer movie ticket sales dropped 10% from the previous year in 2016 at the domestic box office. And they were down 12% this summer compared to 2016. The effects can be seen at the country's biggest multiplexes, which saw shares plummet.
It's hard to tell if the summer movie season will ever return to its former glory — especially when it seems the last few summers things on the small screen captured the zeitgeist more, whether it was Netflix's "Stranger Things" or HBO's "Game of Thrones."
But there will always be movies that break through and find an audience, and this summer was no different ("Wonder Woman," "Guardians of the Galaxy Vol. 2").
It's just becoming more evident that studios need to rethink what they release during the summer to compete with our addiction to streaming and mobile devices.
To look back on summer 2017 at the box office, we broke down the five big winners and losers:
WINNER: 'Wonder Woman'
Warner Bros.'s long-awaited theatrical version of the legendary DC Comics character brought legitimacy to the studio's DC Extended Universe, and won the domestic box office this summer by taking in over $400 million. It's earned close to $800 million worldwide.
Director Patty Jenkins found the perfect combination of action sequences and inspiring origin story to make the movie into a can't-miss event of the summer, which is what Hollywood has craved.
LOSER: The Multiplex
AMC, the nation's largest theater chain, announced in early August that its shares dropped 27%, the biggest one-day decline in the company's history. This was due to the company saying it would record a second-quarter loss. And none of the other chains are doing any better: Regal's net income fell around 30% in the second quarter, while Cinemark's dropped 5%.
For many, most of the movies that hit the big multiplexes felt tired and unoriginal. It also didn't help that many had poor Rotten Tomatoes scores. Speaking of which ...
WINNER: Rotten Tomatoes
The review aggregator site really flexed its muscles this summer. With studies now having data to back up the claim that most moviegoers look at the site before deciding on buying movie tickets, more and more studios and distributors are using the "Tomatometer" score in their marketing of a movie — when the score is good.
And this summer when a studio anticipated a bad score, it delayed critics from seeing the movie as much as possible. Sony did that with the releases of "The Emoji Movie" (which on the day of its opening had a 0% rating) and "The Dark Tower." Though both received rotten scores on the site, they had respectable opening weekends ("The Dark Tower" won its weekend). This was partly because there was little competition on those weekends, but also because critics chimed in much later than usual.
The power of the Tomatometer is real!
See the rest of the story at Business Insider
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