Download 'Too Hot', an exclusive Specials track from iTunes
Gross box office to June 30 amounted to $4.42 billion (£2.4 billion) in the United States, which accounts for about half of all film-going worldwide, up 3.9 per cent on the equivalent period last year.
The recovery was underpinned by Sony Pictures’ The Da Vinci Code, which despite being panned by critics had the second biggest worldwide opening of any film in history, taking $231.8 million.
Since then, The Da Vinci Code’s worldwide box office has since hit $703.5 million, ranking it at number 22 on the all-time list, according to figures compiled by Box Office Mojo, although it remains one of the highest-grossing films not aimed at children.
However, the financial upturn remains modest. In 2005 a weak slate of releases helped to push takings in the United States down 6.2 per cent — the first year that the box office had declined since the early 1990s. This year’s recovery is still not enough to overhaul 2004, the record year; takings to June 30 are down 5.3 per cent on two years ago.
DVD sales growth has also stalled, with the studios assuming that growth in the $16 billion-a-year market in the US will ease to just 2 per cent, below the double-digit growth rates enjoyed until recently. A standards war over high definition formats, between rival consortiums led by Sony and Toshiba has also confused consumers.
Hollywood is in the midst of its crucial summer season, with key releases Cars, Pixar’s first animation to be released under Disney’s ownership, and Superman Returns, from Warner Brothers, out in cinemas, while Pirates of the Caribbean: Dead Man’s Chest, also from Disney, is due on Thursday.
The summer season, which runs from May to the beginning of September, accounts for roughly 40 per cent of US box office, although data from Nielsen EDI suggest that the rate of improvement in the year so far has slowed. Spring takings were 14 per cent ahead, but this summer’s gain is only 0.8 per cent so far.
Among the studios, Twentieth Century Fox, owned by News Corporation, parent company of The Times, is the leading studio, helped by the success of the animation Ice Age: The Meltdown and X-Men: The Last Stand. Disney will receive a boost from the Pirates of the Caribbean sequel — the original took $654 million three years ago.
However, Time Warner’s Warner Brothers, so often the leading studio — with hits such as The Lord of the Rings trilogy and the Harry Potter series — is lagging in fifth place, ahead only of the traditionally weak Paramount, part of Viacom.
FILM FACTS
Year-to-date gross
2006: $4.42 billion
Articles from our sister site WSJ.com:
You may be asked to subscribe to read certain articles
Win a luxury weekend to Newcastle and its neighbour Gateshead, find out more here
Risk, resilience and embracing new technology
Industry sectors news at a glance. Interactive heatmap, video and podcast
Discover the power of collective thinking. Submit a solution and be in with a chance to win a Media Hub Home Entertainment System
The inside track on current trends in the charity, not for profit and social enterprise sectors
Everything the Business Traveller needs to know to make a better trip
Make the most of the summer and enter our fabulous photographic competition, you could win a £5000 holiday
Corsica is an island of beauty and contrast, an ideal holiday destination
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
Shortcuts to help you find sections and articles
The clever way to lease a new car is with Car leasing made simple™
2009
per month on 36-month
Personal Contract Hire (PCH)
2008
42850
Car Insurance
£24,250 - £30,346
MI5
London
£60,000
The Environment Agency
Bristol
Up to £90K
Boots
Midlands
OTE £85k
Credit Protection Association
Nationwide Opportunities
Completely London
Luxury Condo's in Manhattan with NYC views
The best new homes in Wimbledon?
Nationwide
Fabulous Cruise And Cruise & Stay Offers Including Virgin Atlantic Flights Prices Start From Only £699pp!
Last Minute Cruise And Cruise & Stay Offers. Med From £499pp, Caribbean From £699pp!
5 star quality at a 3 star price.
8 fabulous Canadian cities ...you won’t find cheaper
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Property Finder | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.