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Hollywood calls a wrap on US$3.8 billion summer, worst since 2006

Global Markets

Hollywood calls a wrap on US$3.8 billion summer, worst since 2006

Bloomberg Published on Tue, Sep 05, 2017 / 8:18 AM GMT+8

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LOS ANGELES/CHICAGO (Sept 5): The credits have rolled on Hollywood’s worst summer in a decade, closing out with a dismal Labor Day weekend that was the first in a generation without a big, new movie opening in wide release.

The summer drew a little more than US$3.8 billion ($5.2 billion) in sales, the first time the season’s tally has dipped below the US$4 billion mark since 2006, according to Paul Dergarabedian, senior media analyst at researcher ComScore Inc. The holiday weekend generated about US$99.5 million in US and Canadian theaters from Friday through Monday, the least since 1998, according to Comscore data.