- Eric Handler of MKM Partners commented in a note that this weekend's top 10 box office films grossed $97 million – short of the $113 million he was expecting.
- Quarter to date box office revenue is up only 4.4 percent, below the analyst's seven percent growth forecast.
- IMAX Corporation (USA) IMAX set a record for September.
In a report published Monday, Eric Handler of MKM Partners reviewed last weekend's box office performance, noting it was "good, but not great."
Total revenue from the weekend's top 10 films were $97 million, marking an eight percent gain from the same weekend a year ago, but shy of the analyst's $113 million expectations. New release Maze Runner: Scorch Trials underperformed while Black Mass saw a slightly better than expected opening weekend.
Handler continued that
Twenty-First Century Fox Inc FOXA's Maze Runner finished in first place with $30.3 million while still falling short of his $42 million forecast and last year's The Maze Runner episode which saw $32.5 million in revenue. On the other hand,
Time Warner Inc TWX's Black Mass collected $23.4 million, exceeding the analyst's $21 million outlook.
Overall, quarter to date box office revenue is higher by 4.4 percent from a year ago. Hander noted that his prior seven percent growth forecast is "likely to remain a bit aggressive" but the industry will see some momentum heading into the end of the quarter and should see five to six percent growth.
IMAX Sets New Record
The exclusive opening of Everest from IMAX/premium produced $7.5 million. Internationally, IMAX saw roughly $3 million in revenue for a 10.6 percent, helping the company realize its best September opening.
Handler further pointed out that IMAX exceeded its previous September weekend high of $5.9 million from Resident Evil: Retribution in 2012.
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