2018 On Track to Be Record Year at the Box Office

It’s beginning to look like a record year at the box office.

Consumers as of Dec. 26 have spent an estimated $11.38 billion on movie tickets sales in the United States and Canada, according to Box Office Mojo, the box office revenue tracking site.

That’s on par with total spending in the record year of 2016 — and with six days still remaining in 2018, a new record almost certainly will be set.

Movie ticket sales were fueled by blockbusters such as Walt Disney Studios’ The Black Panther and Avengers: Infinity Wars, which with domestic grosses of $700.1 million and $678.8 million, respectively, are the No. 3 and No. 4 movies of all time, according to Box Office Mojo statistics.

Indeed, three of the year’s top 10 movies are also in the all-time top 10, the third being yet another Disney film, Incredibles 2.  With a domestic gross of $608.6 million, the animated sequel is the No. 3 movie of 2018 – and the No. 9 movie of all time.

Disney had five of the year’s top 10 theatrical performers, the others being Ant-Man and the Wasp (No. 8) and Solo: A Star Wars Story (No. 9).

But other studios also shared in the spoils, including Universal Pictures, which had the year’s No. 4 and No. 6 movies, Jurassic World: Fallen Kingdom and Dr. Seuss’ The Grinch; as well as the 20th Century Fox, with fifth-ranked Deadpool 2; Paramount, with Mission: Impossible – Fallout, ranked at No. 7; and Sony Pictures, whose Venom came in at No. 10.

All but two of 2018’s top 10 theatrical releases are already available for home viewing, on digital as well as DVD and Blu-ray Disc. The most recent release is Sony Pictures’ Venom, which was released to the home market through digital retailers on Dec. 11 and on DVD, Blu-ray Disc and 4K Ultra HD Blu-ray on Dec. 18

The lone holdout is Dr. Seuss’ The Grinch, from Universal Pictures, which also is the newest theatrical release, bowing on the big screen on Nov. 9.

The film, with a holiday theme, will most likely be released to the home market in the fourth quarter of 2019, observers say.

Also contributing to the strong year for movie theaters were theatrical over-performers such as Paramount’s A Quiet Place (No. 12, $188 million) and Warner Bros.’ A Star is Born (No. 11, $200 million) and Crazy Rich Asians (No. 14, $174 million), observers say.

 

Top Theatrical Films of 2018, Ranked by Domestic Gross (as of Dec. 26)*

  1. Black Panther, Disney, $700,059,566
  2. Avengers: Infinity War, Disney, $678,815,482
  3. Incredibles 2, Disney, $608,581,744
  4. Jurassic World: Fallen Kingdom, Universal, $416,769,345
  5. Deadpool 2, Fox, $318,491,426
  6. Dr. Seuss’ The Grinch, Universal, $253,588,345
  7. Mission: Impossible – Fallout, Paramount, $220,159,104
  8. Ant-Man and the Wasp, Disney, $216,648,740
  9. Solo: A Star Wars Story, Disney, $213,767,512
  10. Venom, Sony, $213,030,843

 

*Box Office Mojo, as of Dec. 26

Paramount Pictures Q4 Home Entertainment Revenue Declines

Paramount Home Media Distribution Nov. 16 reported fourth-quarter (ended Sept. 30) revenue of $157 million – down 17% from revenue of $190 million from the previous-year period.

Domestic revenue from sales of physical and digital movies and TV shows reached $103 million, compared to $118.5 million last year. International sales totaled $54 million, down 22% from $65.9 million in the previous-year period.

The studio attributed the drop in part to timing of releases and product mix.

Indeed, Book Club, starring Jane Fonda, Diane Keaton, Candice Bergen and Mary Steenburgen, has generated $6.8 million in combined DVD, Blu-ray Disc sales since its Aug. 28 retail release. The title ranks just 54thin sales in 2018, according to The-Numbers.com.

A Quiet Place, the top-performing theatrical horror/thriller in the past decade, ranks 25thon the year with $12.6 million in disc sales.

By comparison, top home entertainment releases in 2017 included Star Trek Beyond, Jack Reacher: Never Go Back and Arrival, among others.

Mission: Impossible – Fallout, Paramount’s top-performing theatrical title of 2018 – and highest grossing title in the franchise – doesn’t reach retail shelves until Dec. 4.

For the fiscal year, Paramount Home Media Distribution sales topped $622 million – down about 27% from $849 million last year.

Viacom CEO: We’re Seeing Incredible Turnaround at Paramount

Among major studios, Paramount Pictures has taken an outsized share of fiscal hits in recent years — only generating its first operating profit since 2015 in March.

Speaking Sept. 12 at Goldman Sachs 27th Annual Communacopia confab in New York, Bob Bakish, CEO of corporate parent Viacom, said Paramount is a very different place today — thanks in part to a trio of theatrical hits and increased television content production, among other initiatives.

Specifically, low budget titles A Quiet Place and romantic comedy Book Club, together with Mission: Impossible – Fallout, the sixth installment in the Tom Cruise-starring franchise, overperformed at the box office – with A Quiet Placeand Book Club now generating significant sellthrough revenue.

Indeed, A Quiet Place grossed more than $188 million domestically, making it the second-highest grossing horror film in the U.S. over the past decade. The film has earned more than $332 million worldwide with a production cost of approximately $20 million.

Released in May 2018, Book Club earned more than $68 million at the domestic box office — more than six times its $10 million acquisition cost. The titles were released in retail (digital and physical) channels on July 10 and Aug. 28, respectively.

“Both those films are killing it in transactions for us right now,” Bakish said.

The executive said that when combined with the global box office of Fallout– the largest in Mission: Impossible franchise history, Paramount has turned the fiscal corner.

“Take those three things together, and there’s no question the [Paramount] mountain is back,” Bakish said.

In addition to movies, Paramount Television has upped content production from nine series on broadcast and online to 16 shows this year and is poised to generate $400 million in revenue.

Notable series include “13 Reasons Why” for Netflix; “The Alienist” for TNT and “Tom Clancy’s Jack Ryan” from Amazon Prime Video. Original movie production for third-party SVOD players has begun with announcements pending, according to Bakish.

“Paramount is not only back in the TV production business, it’s a hit maker,” said Bakish. “It’s a great opportunity.”

What Viacom is not doing is developing a mass market SVOD service to compete with Netflix.

“That business is looking more and more crowded,” Bakish said. “It is a very capital-intensive game if you look what program expenses at those platforms are.”

Instead Viacom is approaching over-the-top video with strategy targeting niche SVOD services such as Noggin.com and distribution through third-party platforms such as Amazon Channels.

“Putting Noggin on Amazon Channels more than doubled subs rather quickly,” Bakish said. “And we’re in the late stages of adding other distributors. We think that’s a very effective strategy.”

Viacom is launching an ad-supported OTT video service featuring library content, and creating third-party licensed content featuring Viacom brands MTV, Nickelodeon, Comedy Central, BET, etc.

Bakish says its “part promotion, part revenue,” with digital initiatives produced under Viacom Digital Studios, which launched nine months ago.

“We’re feeling very good about the momentum we have going into the [current] fourth quarter. We are very focused on operating the assets we already own. It’s a quest for scale both inside and outside the company,” he said.

 

 

 

Paramount Pictures Ups Q3 Profit

Paramount Pictures Aug. 9 reported third-quarter (ended June 30) operating income of $44 million, which was up 388% from operating income of $9 million during the previous-year period. Revenue declined about 9% to $772 million from $847 million last year.

Paramount Home Media Distribution reported revenue of $119 million, which was down 45% from revenue of $218 million.Home entertainment declines reflected the mix and number of titles in release. Domestic and international home entertainment revenue decreased 47% and 41%, respectively.

Significant current-year home entertainment releases included, Daddy’s Home 2 , compared to Star Trek Beyond, Jack Reacher: Never Go Back and Arrival in the prior year.

The studio attributed the overall revenue drop to a 33% decline in international revenue to $308 million. Domestic revenue increased 20% to $464 million.

Theatrical revenue dropped 21% to $208 million principally due to lower carryover revenue. Domestic theatrical revenue grew 58%, driven by the strong performance of current quarter releases A Quiet Place and Book Club, while international theatrical revenue decreased 58%, reflecting comparisons against the release of Transformers: The Last Knight and Ghost in the Shell in the prior year quarter.

Regardless, Paramount Pictures has improved adjusted operating income in six consecutive quarters and was profitable in the second and third quarters of fiscal 2018.

“Paramount is revitalized, with outstanding box office performance and growing television production revenues driving substantial gains in profitability,” Bob Bakish, CEO of corporate parent Viacom, said in a statement.

Indeed, A Quiet Place has grossed more than $188 million domestically to date, making it the second-highest grossing horror film in the U.S. over the past decade. The film has so far earned more than $332 million at the worldwide box office at a production cost of approximately $20 million.

Released in May 2018, Book Club has gone on to earn more than $68 million to date at the domestic box office — more than six times its acquisition cost of $10 million.

The current fourth-quarter release of Mission: Impossible – Fallout grossed nearly $330 million globally in its first two weekends – the biggest opening ever for the franchise.

 

‘Ready Player One’ Tops Redbox Disc Rental, Transactional Video Charts

Warner’s Ready Player One, the latest sci-fi film from Steven Spielberg, debuted at No. 1 on both Redbox charts the week ended July 30.

The film, based on the 2011 Ernest Cline novel, is set in 2045, a time when people use virtual reality software to escape the problems of the real world. A teen orphan named Wade Watts (portrayed by Tye Sheridan) discovers clues to a hidden game promising full ownership of the software and winds up battling a large company out to do the same.

The film, which grossed nearly $138 million in U.S. theaters, took the top spot on both Redbox’s kiosk rental chart, which tracks DVD and Blu-ray Disc rentals, and the Redbox On Demand chart, which tracks digital purchases and rentals.

Rampage, also from Warner, slipped to No. 2 on both charts after bowing at No. 1 the prior week.

Twentieth Century Fox’s Supertroopers 2 debuted at No. 3 on the kiosk disc rental chart but slipped to No. 5 from No. 4 on the transactional video chart. (The film’s digital release preceded its disc release by two weeks.)

Rounding out the top five on the kiosk chart were Amy Schumer’s I Feel Pretty at No. 4, down two spots from its No. 2 debut the prior week, and Paramount’s surprise horror hit A Quiet Place at No. 5, down from No. 3.

On the digital chart, A Quiet Place remained at No. 3 and I Feel Pretty slipped two notches to No. 4.

A third new disc release, 20th Century Fox’s Isle of Dogs, debuted at No. 9 on the disc rental chart. The stop-motion animated film written, produced and directed by Wes Anderson is set in a dystopian Japan.

 

Top DVD and Blu-ray Disc Rentals, Redbox Kiosks, Week Ending July 30

  1. Ready Player One (new)
  2. Rampage
  3. Super Troopers 2 (new)
  4. I Feel Pretty
  5. A Quiet Place
  6. Blockers
  7. Blumhouse’s Truth or Dare
  8. Traffik
  9. Isle of Dogs (new)
  10. Tomb Raider (2018)

 

Top Digital, Redbox On Demand, Week Ending July 30

  1. Ready Player One (new)
  2. Rampage
  3. A Quiet Place
  4. I Feel Pretty
  5. Supertroopers 2
  6. Blockers
  7. Blumhouse’s Truth or Dare
  8. The Equalizer
  9. Game Night
  10. Death Wish (2018)

 

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‘Rampage’, ‘I Feel Pretty’ Take Two Top Spots on Redbox Chart

Two new releases took the two top spots on both Redbox charts the week ended July 23.

Rampage, the sci-fi film starring Dwayne Johnson and based on the classic 1980s video game of the same name, rode its nearly $100 million North American box office gross to a No. 1 debut on both Redbox’s kiosk rental chart, which tracks DVD and Blu-ray Disc rentals, and the Redbox On Demand chart, which tracks digital purchases and rentals.

Universal Pictures’ I Feel Pretty, the Amy Schumer comedy that earned just under $50 million in U.S. theaters, debuted at No. 2, also on both charts.

Paramount’s A Quiet Place, the surprise horror hit about a family stalked by monsters that hunt by sound, slipped to No. 3 on both charts.

A third new release, Universal’s Blumhouse’s Truth or Dare, debuted at No. 5 on the kiosk disc rental chart and No. 6 on the transactional VOD chart. The Lucy Hale-starring supernatural horror film earned just over $40 million at the domestic box office.

And a fourth newcomer, Lionsgate’s Traffik, bowed at No. 6 on the kiosk chart and No. 8 on the digital chart.

Universal’s Blockers, about a trio of parents who try to stop their daughters from losing their virginity on prom night, slipped to No. 4 on the kiosk chart and No. 6 on the digital chart.

Twentieth Century Fox’s Supertroopers 2 shot up to No. 4 on the Redbox On Demand digital chart.

 

Top DVD and Blu-ray Disc Rentals, Redbox Kiosks, Week Ending July 23

  1. Rampage (new)
  2. I Feel Pretty (new)
  3. A Quiet Place
  4. Blockers
  5. Blumhouse’s Truth or Dare (new)
  6. Traffik (new)
  7. Tomb Raider (2018)
  8. Tyler Perry’s Acrimony
  9. Escape Plan 2 – Double Feature
  10.  Jumanji: Welcome to the Jungle

 

Top Digital, Redbox On Demand, Week Ending July 23

  1. Rampage (new)
  2. I Feel Pretty (new)
  3. A Quiet Place
  4. Super Troopers 2
  5. Blockers
  6. Blumhouse’s Truth or Dare (new)
  7. The Equalizer
  8. Traffik (new)
  9. Tyler Perry’s Acrimony
  10. Game Night

 

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‘A Quiet Place’ Makes a Noise on the Home Video Charts

Paramount’s A Quiet Place debuted at No. 1 on the NPD VideoScan First Alert sales chart, which tracks combined DVD and Blu-ray Disc unit sales, and the dedicated Blu-ray Disc sales chart the week ended July 14.

The film, about a family that must remain completely silent in their everyday life or else creatures will hunt them, earned $187.7 million at the domestic box office.

No. 2 on both charts was the previous week’s top seller, Universal Pictures’ Blockers, which in its second week sold 31% as many units as A Quiet Place did in its first.

Rising back to No. 3 on both charts, in its 14th week on shelves, was 20th Century Fox’s The Greatest Showman.

Lionsgate’s faith-based I Can Only Imagine was No. 4 on the overall chart, while Universal’s Pacific Rim Uprising was No. 4 on the Blu-ray chart.

Disney’s Black Panther was No. 5 on both charts.

Blu-ray Disc accounted for 67% of A Quiet Place‘s total unit sales; 13% of its sales were of the 4K Ultra HD Blu-ray edition.

On the Media Play News rental chart for the week ended July 15, A Quiet Place and Blockers also landed at No. 1 and No. 2, respectively.

Rounding out the top five rentals were Warner’s Tomb Raider reboot at No. 3, Lionsgate’s Escape Plan 2: Hades at No. 4, and Tyler Perry’s Acrimony, also from Lionsgate, at No. 5.

Top 20 Sellers for Week Ended 07-14-18
Top 20 Rentals for Week Ended 07-15-18
Top 20 Selling Blu-ray Discs for Week Ended 07-14-18
Top 20 Blu-ray Market Share for Week Ended 07-14-18
Sales Report for Week Ended 07-14-18
Digital Sales Snapshot for Week Ended 07-16-18

‘A Quiet Place’ Debuts at No. 1 on Redbox Charts

Paramount Pictures’ A Quiet Place, the surprise horror hit that gave the studio one of its first big theatrical wins in several years, debuted at No. 1 on both Redbox charts the week ended July 16.

The film, which earned nearly $188 million in U.S. theaters and has a 95% Rotten Tomatoes rating, topped both Redbox’s kiosk rental chart, which tracks DVD and Blu-ray Disc rentals, and the Redbox On Demand chart, which tracks digital purchases and rentals.

Universal Pictures’ Blockers, a comedy about a trio of parents who try to stop their daughters from losing their virginity on prom night, slipped to No. 2 on both Redbox charts after a No. 1 debut the prior week.

After two weeks in stores, Tyler Perry’s Acrimony, from Lionsgate, is still in high demand, remaining at No. 3 on the kiosk disc rental chart and slipping one notch to No. 3 on the Redbox On Demand digital chart.

Rounding out the top five on the disc rental chart were Warner’s Tomb Raider reboot at No. 4 and Lionsgate’s made-for-video sequel Escape Plan 2 at No. 5.

On the digital chart, Warner’s Game Night remained at No. 4 while  Daddy’s Home surged back up to No. 5.

Three new releases also debuted in the top 10 on the kiosk chart: Future World (No. 6) and Chappaquiddick (No. 7), both from Lionsgate, and 211 (No. 8) from Distribution Solutions.

Inspired by real-life events, 211 is the story of a good cop and his civilian passenger who are caught in the midst of a bank heist.

 

Top DVD and Blu-ray Disc Rentals, Redbox Kiosks, Week Ending July 16

  1. A Quiet Place (new)
  2. Blockers
  3. Tyler Perry’s Acrimony
  4. Tomb Raider (2018)
  5. Escape Plan 2 – Double Feature
  6. Future World
  7. Chappaquiddick
  8. 211
  9. Pacific Rim: Uprising
  10. Sherlock Gnomes

 

Top Digital, Redbox On Demand, Week Ending July 16

  1. A Quiet Place (new)
  2. Blockers
  3. Tyler Perry’s Acrimony
  4. Game Night
  5. Daddy’s Home
  6. Chappaquiddick
  7. Tomb Raider (2018)
  8. Death Wish (2018)
  9. I Can Only Imagine
  10. Pacific Rim: Uprising

 

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Paramount Posts First Quarterly Profit Since 2015

Paramount Pictures April 25 reported second-quarter (ended March 31) operating income of $9 million on revenue of $741 million. It was Paramount’s first quarterly income since Sept. 30, 2015. The studio reported a $66 million loss on revenue of $895 million during the previous-year period.

Theatrical revenue decreased 79% to $50 million, primarily due to fewer titles in the quarter and a modified release strategy that resulted in certain legacy slate titles moving from theatrical to licensing distribution. Domestic and international theatrical revenues decreased 64% and 86%, respectively.

Licensing revenue grew 37% to $477 million, primarily driven by the release of The Cloverfield Paradox on Netflix, as well as Paramount Television product, including “The Alienist.” Domestic licensing revenue increased 46% while international licensing revenue grew 31%.

“Turnaround efforts have firmly taken hold as the studio improved margins and returned to profitability. This month’s outstanding box-office performance of A Quiet Place, the first film produced and released under the new team at Paramount, is a clear sign of our progress,” Bob Bakish, CEO of parent Viacom, said in a statement.

Paramount Pictures Home Media Distribution posted revenue of $163 million, which was down 18% from revenue of $198 million last year. The home entertainment unit has generated $346 million through six months of the fiscal year, down 22% from $441 million last year.

Domestic home entertainment revenue decreased 29% while international home entertainment revenue increased 13%. Ancillary revenue decreased 54% to $51 million, with domestic and international ancillary revenue down 63% and 11%, respectively.

Overall studio revenue topped $1.2 billion through six months, down 23% from revenue of $1.65 billion through the same period last year.