{"id":521421,"date":"2026-06-27T15:55:13","date_gmt":"2026-06-27T15:55:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/521421\/"},"modified":"2026-06-27T15:55:13","modified_gmt":"2026-06-27T15:55:13","slug":"summer-box-office-could-lead-to-first-10-billion-year-since-pandemic","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/521421\/","title":{"rendered":"Summer box office could lead to first $10 billion year since pandemic"},"content":{"rendered":"<p><img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2026\/06\/108327648-260616_cn_03_con_boxoffice_resurgence00_00_17_00Still002.png\" alt=\"The summer box office has had a surprisingly strong start\"\/><\/p>\n<p>Hollywood is having its best summer since before the pandemic, and that hot streak is putting the annual box office on pace to cross $10 billion for the first time in seven years.<\/p>\n<p>The season, which runs from the first weekend in May through Labor Day, has tallied $1.8 billion so far through Sunday. That&#8217;s down less than 2% from 2019 levels, or just about a $30 million lag. Industry analysts keep a close eye on this period of the year because it typically accounts for about 40% of the total annual domestic box office.<\/p>\n<p>&#8220;The summer box office is incredibly important,&#8221; said Paul Dergarabedian, head of marketplace trends at movie data company Rentrak. &#8220;It&#8217;s vitally important in terms of what the overall health of the industry looks like and what that portends for the entire year.&#8221;<\/p>\n<p>What sets this summer apart is that it didn&#8217;t kick off with a blockbuster action film or superhero team-up. Instead, the first major hit of the season came with the release of <a href=\"https:\/\/www.cnbc.com\/quotes\/DIS\/\" rel=\"nofollow noopener\" target=\"_blank\">Disney&#8217;s<\/a> &#8220;The Devil Wears Prada 2,&#8221; followed by <a href=\"https:\/\/www.cnbc.com\/quotes\/CMCSA\/\" rel=\"nofollow noopener\" target=\"_blank\">Universal&#8217;s<\/a> &#8220;Obsession&#8221; and A24&#8217;s &#8220;Backrooms,&#8221; two low-budget horror films from <a href=\"https:\/\/www.cnbc.com\/quotes\/GOOG\/\" rel=\"nofollow noopener\" target=\"_blank\">YouTube<\/a> <a href=\"https:\/\/www.cnbc.com\/2026\/06\/06\/backrooms-peter-chernin-hollywood.html\" rel=\"nofollow noopener\" target=\"_blank\">creators-turned-filmmakers<\/a>.\u00a0<\/p>\n<p>It was further fueled by residual ticket sales of <a href=\"https:\/\/www.cnbc.com\/quotes\/LION\/\" rel=\"nofollow noopener\" target=\"_blank\">Lionsgate&#8217;s<\/a> &#8220;Michael,&#8221; the Michael Jackson biopic, which debuted in late April.<\/p>\n<p>Together, those four films have contributed nearly $850 million to the domestic summer box office since the start of May, according to data from Rentrak. Notably, that&#8217;s about how much Disney and Marvel&#8217;s &#8220;Avengers: Endgame&#8221; had tallied for the 2019 box office during the same period.\u00a0<\/p>\n<p>Still from Pixar&#8217;s &#8220;Toy Story 5.&#8221;<\/p>\n<p>Disney<\/p>\n<p>Last week&#8217;s release of Disney and Pixar&#8217;s &#8220;Toy Story 5&#8221; delivered another boost, posting a <a href=\"https:\/\/www.cnbc.com\/2026\/06\/21\/pixar-toy-story-5-box-office-biggest-opening-in-franchise-history-.html\" rel=\"nofollow noopener\" target=\"_blank\">franchise-best opening<\/a> of $160 million.<\/p>\n<p>Combined, the handful of upside surprises is making for a stronger-than-expected domestic box office and a promising foundation for the second half of the year as the industry chases pre-pandemic levels. <\/p>\n<p>As of Sunday, the 2026 box office has tallied $4.4 billion domestically, about 15% behind the $5.2 billion the 2019 box office had collected during the same time period.<\/p>\n<p><a id=\"headline0\"\/>Currently playing in theaters<\/p>\n<p>Contributing to the surprisingly strong ticket sales is movies like &#8220;Michael,&#8221; &#8220;Obsession&#8221; and even <a href=\"https:\/\/www.cnbc.com\/quotes\/AMZN\/\" rel=\"nofollow noopener\" target=\"_blank\">Amazon MGM&#8217;s<\/a> &#8220;Project Hail Mary,&#8221; which was released in March, that are holding strong at the box office week after week.<\/p>\n<p>Typically, after opening weekend, a title will see sales drop anywhere from 50% to 70%. But these films were seeing drops of between 20% to 40% each week. <\/p>\n<p>&#8220;Obsession&#8221; has pulled off an even rarer box office feat as ticket sales actually increased in its second and third weekend in theaters, up 39% and 14%, respectively, according to data from The Numbers. <\/p>\n<p>That success is a sign that films are getting solid word of mouth from audiences and that it&#8217;s driving new moviegoers to cinemas.<\/p>\n<p>&#8220;It&#8217;s just been one after another after another,&#8221; said Alex DelVecchio, general manager of Rutgers Cinema in Piscataway, New Jersey. &#8220;I always said this whole year was about getting to June 19. Because once you get to June 19 you hit this six weeks in a row. It&#8217;s Toy Story, &#8216;Supergirl,&#8217; Minions, &#8216;Moana,&#8217; [&#8216;The Odyssey&#8217;] and Spider-Man.&#8221;<\/p>\n<p>The combined efforts of those six films could boost the summer box office to $4.2 billion, Dergarabedian said. The summer box office has only surpassed $4 billion once since 2019, and that was thanks to the dual efforts of Warner Bros. &#8220;Barbie&#8221; and Universal&#8217;s &#8220;Oppenheimer&#8221; in 2023, according to Rentrak data.<\/p>\n<p>That threshold would mark a return to normal cadence for the summer box office, which collected more than $4 billion practically every year between 2013 and 2019 before Covid shut down cinemas. <\/p>\n<p>Movie posters for &#8220;Barbie&#8221; and &#8220;Oppenheimer&#8221; are pictured outside the Cinemark Somerdale 16 and XD in Somerdale, New Jersey, in 2023.<\/p>\n<p>Hannah Beier  | The Washington Post | Getty Images<\/p>\n<p>Universal&#8217;s &#8220;The Odyssey,&#8221; directed by Christopher Nolan, is currently tracking for a $100 million-plus opening weekend and is expected to benefit significantly from premium large format screenings. <\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/quotes\/SONY\/\" rel=\"nofollow noopener\" target=\"_blank\">Sony&#8217;s<\/a> &#8220;Spider-Man: Brand New Day,&#8221; which was made in collaboration with Disney&#8217;s Marvel Studios, could perform even better, with some analysts predicting between $200 million and $250 million for its opening weekend.<\/p>\n<p>&#8220;&#8216;Spider-Man: Brand New Day&#8217; could be the biggest opening weekend of the year,&#8221; Dergarabedian said. &#8220;And that opens on July 31st. What&#8217;s that going to mean for August? Well, a lot, because that&#8217;s going to add and contribute a lot of box office to the month. Then that sets up a fall and a holiday period [where] I think we&#8217;re not going to see really that much of a slowdown.&#8221;<\/p>\n<p><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Hollywood is having its best summer since before the pandemic, and that hot streak is putting the annual&hellip;\n","protected":false},"author":2,"featured_media":521422,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[5025,1671,14408,72,122,35546,93,61,60,326,182663,270,3266,50660,30171,30173],"class_list":["post-521421","post","type-post","status-publish","format-standard","has-post-thumbnail","category-movies","tag-alphabet-class-c","tag-amazon-com-inc","tag-breaking-news-business","tag-business","tag-business-news","tag-comcast-corp","tag-entertainment","tag-ie","tag-ireland","tag-life","tag-lionsgate-studios-corp","tag-movies","tag-new-jersey","tag-sony-group-corp","tag-walt-disney-co","tag-warner-bros-discovery-inc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/521421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=521421"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/521421\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/521422"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=521421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=521421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=521421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}