June Box Office Down 16 Percent From Last Year's Record
by Ray Subers
July 1, 2014
The domestic box office totaled $1.04 billion in June, which is a pretty standard result for the second month of Summer. Unfortunately, it was off a massive 16 percent from last year's $1.25 billion record, which puts the yearly box office in a precarious position heading in to the third quarter.
Last June's lineup was unusually strong: Man of Steel, Monsters University and World War Z earned a combined $543 million during the month. In comparison, the Top Three titles in June 2014 earned a more modest $420 million.
The Angelina Jolie fantasy opened to a strong $69.4 million at the end of May, and has held incredibly well since then. It's on track for around $230 million total, which is nearly on par with last year's Oz The Great and Powerful ($234.9 million). Maleficent has also done strong business overseas: with Japan on the way, it should pass $400 million soon.
The top June release was comedy sequel 22 Jump Street, which earned $142.7 million through 18 days in theaters. On its third weekend, it passed the first movie's $138.4 million total, and is on its way to quite a bit more before the end of its run. It's only a matter of time now before 23 Jump Street gets the go-ahead.
DreamWorks Animation's How to Train Your Dragon 2 opened on the same day as 22 Jump Street, but hasn't fared nearly as well: through 18 days, the animated sequel has earned $124.2 million. That's lagging $10 million behind the original movie, and that gap is only going to get wider in the coming weeks. Ultimately, this could wrap up below $170 million, which is a massive disappointment for what was expected to be one of the biggest movies of the Summer.
Fellow Fox release The Fault in our Stars earned $110.9 million through the end of the month. The young-adult adaptation is on its way to over $120 million, which is a huge success considering the movie's miniscule $12 million budget. Transformers: Age of Extinction only played in theaters for four days, but it still wound up in fifth place in June with $110.5 million. The movie should earn substantially less than its predecessors in the U.S., but could make up the gap overseas.
The rest of the field was a mixed bag. Tom Cruise's Edge of Tomorrow started slow ($28.8 million), but held well enough that it should ultimately reach $100 million. It's also done well overseas, where it's on track to close with at least $250 million. Think Like a Man Too had a solid first place debut, but fell hard in its second weekend (down 65 percent). Through the end of the month, the comedy sequel had earned $49.2 million, and is on track to close well below its predecessor's $91.5 million.
During the second quarter of 2014, overall box office totaled $2.82 billion. That's down nearly seven percent from last year. The quarter was led by Captain America: The Winter Soldier ($257.2 million). A Marvel Cinematic Universe title has topped the second quarter in four of the last five years (Iron Man 2, The Avengers, Iron Man 3 and now Captain America).
Through the end of June, year-to-date box office is at $5.2 billion, which is off 1.4 percent from last year. 20th Century Fox is the highest-grossing studio so far this year with around $900 million, and will move past the $1 billion mark when Dawn of the Planet of the Apes hits theaters next week.