Hollywood has announced that the summer of 2015 has been a huge success as the numbers show it to be the second most profitable summer on record. The success, however, has been largely due to the films produced by both Universal Pictures and Disney Studios. It has been noted that most of the other major, and minor, studios have been barely keeping their proverbial heads above the proverbial water.
According to The Hollywood Reporter, domestic box office revenues for 2015, through this Labor Day weekend, come in at $4.48 billion which is a huge ten percent uptick over 2014’s rather dismal summer season. The standing record for summer box office revenues was set in 2013 with a mark of $4.75 billion. Attendance, too, was up over last year by slightly more than five percent.
Much of Hollywood’s distress has been incredibly poor critical reviews of most movies produced and negative word of mouth from those movie goers who don’t normally read reviews and had attended such creative and box office failures as Tomorrowland, Pixels, The Fantastic Four, and The Man From U.N.C.L.E.. Many of the R-rated comedies went down the proverbial drain also like Magic Mike XXL, Entourage, and the disastrous Ted 2.
Aside from the Ted 2 disaster, Universal sported a huge string of box office hits including Straight Outta Compton which took in over $1.5 billion in the U.S. alone. In addition, Universal produced three of the top five most profitable movies of the summer which included Jurassic World at $646.6 million; Minions at $328.6 and Pitch Perfect 2 which grossed $183.8 million.
Disney pulled in about $1.09 billion over the summer of 2015. Disney and Universal actually accounted for a bit over 60% of all the money Hollywood pulled in over the summer. Disney’s blockbusters included Avengers: Age of Ultron coming in with $457.6 million in the US and over $1.5 billion world wide; Inside Out with $348.2 million, and Ant Man which brought in a cool $174 million.