Hollywood could set a record at the US box office

MUMBAI: 2004 has been a financial bonanza for Hollywood who cranked out mega hits like Harry Potter and The Prisoner of Azkaban, Spiderman 2 and Shrek 2.

Ticket sales in the US are expected to reach $9.4 billion. If this happens then it would squeak past 2002's record of $9.3 billion. However the December take vis-a-vis what was achieved in 2002 could be affected by the fact that there is no The Lord of The Rings movie.

Also fewer Americans are visiting cinema halls. The number of tickets actually sold will fall to roughly 1.5 billion from 1.53 billion last year and 1.6 billion in 2002. The higher box office take is being fuelled by a rise in the average ticket prices.

Exhibitor Relations President Paul Dergarabedian was quoted in reports noting that the average cost of a cinema ticket could be as high as $6.25 in 2004, compared to $5.80 in 2002. What is good is that all the big hits did not come from major studios. Examples of this were The Passion of the Christ and the Michael Moore documentary Fahrenheit 9/11 which has made over $ 100 million.

Thanks toSpiderman 2 and The Grudge, Sony Pictures is expected to top the US market share for the second time in three years, with $1 billion-plus in sales for the third consecutive year. The horror flick The Grudge cost Sony $10 million to make but brought in $110 million.

Then there are films that did well with audiences but did not make pots of money. An example is Sideways which the New York, Los Angeles, Boston, San Francisco and Chicago film critics felt was the best film of the year.

While Spider-Man 2 raked in $373 million, the film only came in second place for the year, behind Dreamworks' Shrek 2 which saw mega greenbacks with $436 million. The Passion of the Christ made $370 million, Harry Potter and the Prisoner of Azkaban made $249 million and Pixar's animated The Incredibles which is still playing in theaters has made $236 million to date.

Latest Reads
Nat Geo to showcase 'Before The Flood' TVC-free

On the heels of last Friday’s theatrical release of the critically acclaimed film 'Before the Flood' in New York and Los Angeles, National Geographic Global Networks CEO, Courteney Monroe, shared the network's plans to premier the show commercial free across digital and streaming platforms around...

Television TV Channels Factual & Documentary
Disney India acquires rights of 'Freaktown'

Disney India has acquired the Canadian animated comedy series 'Freaktown' from Portfolio Entertainment. Broadcasters in the UK and Denmark have also acquired the rights for the same movie.

Television TV Channels Kids
ZMCL to demerge print biz into DMCL, list; approves new home shopping channel

The board of directors of ZMCL has inter alia approved a draft of Scheme of Arrangement and Amalgamation for demerger of print media undertaking of the company into Diligent Media Corporation Limited (DMCL), merger of Mediavest India Private Limited and Pri Media Services Private Limited into DMCL...

Television TV Channels News Broadcasting
DD D-G Sahu elected Asia-Pacific Broadcasting vice-president

Doordarshan Director General Supriya Sahu has been elected as the new vice-president of the Asia-Pacific Broadcasting Union. The election was held during the 53rd annual Asia-Pacific Broadcasting Union General Assembly hosted by the Indonesian public broadcaster RRI,

Television TV Channels People
Star Movies presents 'Films To See...' every weekday starting 7 Nov

Star Movies Select HD has been staying true to its promise of impeccable curation by showcasing the best. Star Movies sets standards of storytelling high inspiring a lot of others to try and re-invent the art of movie showcasing business.

Television TV Channels English Entertainment
Q2-17: Zee Media operating profit up

BENGALURU: The Essel Group’s news network Zee Media Corporation Limited (ZMCL) reported more than double (2.47 times) year-over-year (y-o-y) operating profit (Simple EBIDTA) for the quarter ended 30 September 2016 (Q2-17, current quarter) . The company reported EBIDTA of Rs 18 crore (14.3 per cent...

Television TV Channels GECs
National Geographic Channel to undergo major rebranding

MUMBAI: Come 14 November and the National Geographic Channel will have a new shortened sobriquet. The word channel will disappear from its name and it will be simply known as National Geographic and a new tagline “Further.” The change is expected to take place simultaneously across all the 445...

Television TV Channels Factual & Documentary
Maha Cartoon targets 65 per cent rural HSM via DD FreeDish, 2000 LCOs

Who can forget the Charlie Chaplin show which entertained the world audience of all ages. Maha Cartoon, the first free-to-air (FTA) Hindi cartoon channel targeted at the Hindi-speaking markets (HSM), will be launched on India's largest DTH platform DD FreeDish on 1 November. The new Maha Cartoon...

Television TV Channels Kids
Vikram Chandra steps down; KVL Narayan Rao is new NDTV group CEO

The rumours that were making rounds of Vikram Chandra quitting NDTV have now been put to rest.

Television TV Channels People

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories