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Summer box office infographic
Graphic shows annual summer box office since 2018.
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ENTERTAINMENT

Summer box office narrowly avoids disaster

By Duncan Mil

September 5, 2024 - Revenue for the 2024 summer box office hit $12.5 billion -- down almost 42% from last summer when “Barbie,” a fantasy-comedy by Greta Gerwig, and Christopher Nolan’s “Oppenheimer” drama fuelled a $21.5 billion summer movie season, defined as May through August.

According to Screen International, “Inside Out 2,” the long-awaited sequel to the 2015 Disney-Pixar animated film, earned $650.8 million domestically and $1.7bn worldwide, making it the highest-grossing animated film of all time.

The rest of the biggest box office hits released since Memorial Day (May 27) were sequels, including “Deadpool & Wolverine,” “Despicable Me 4,” and “Dune: Part Two.” These three movies earned $1.24bn domestically and $2.89bn worldwide.

The well-reviewed “Furiosa” was the first big box office flop of the summer season, making just $67.5m in the U.S. and Canada and $172.8m worldwide.

“Horizon: An American Saga—Chapter 1,” the first film in Kevin Costner’s planned four-part Western saga, failed both at the box office and with critics. Despite a reported $100m production budget, the film has grossed just $36m worldwide.

Oscar-nominated Tim Burton’s “Beetlejuice Beetlejuice,” which opened at the Venice International Film Festival on August 28, looks set to make an $80m-plus domestic opening next weekend.

“There’s no doubt the summer box office is going out on a higher note than it began,” says analyst Daniel Loria of Box Office Pro. “In this industry, there’s always an ebb and flow.”

Sources
PUBLISHED: 05/09/2024; STORY: Graphic News
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