The American Box Office has the worst result in 20 years
Another box-office anti-record has been set in North America. According to Variety, this past weekend, which is associated with the national holiday in the United States, Labor Day, the box office recorded the worst result in the last two decades. Cumulative fees of 28 movie projects that were at the box office at that moment, amounted to only $ 95.5 million. The last time in a similar period of time, fees fell below $ 100 million in 1998. Moreover, this was the first time since 1992 that not a single new movie would have been released in North America for Labor Day. It was previously known that the 2017 summer season was extremely unfortunate for the American box office. Cumulative fees have not reached $ 4 billion and are down 16 percent from the same period in 2016. After the publication of this data, shares of the largest American theater chains fell significantly in value. So, shares of AMC Entertainmen, which owns 11 thousand screens, fell 45 percent at once. Among the summer releases that earned less than expected at the box office, "Transformers 5: The Last Knight", "The Mummy", " Pirates of the Caribbean 5: Dead Men Tell No Tales "and others. The Topic of Article: The American Box Office has the worst result in 20 years. |
