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Monday, June 13, 2016

These 6 movie studios have brought in the most cash so far this year (DIS, FOXA, TWC, CMCSA, PGRE, SNE)

[Summer] Summer movies have always represented a good opportunity for the movie studios. Many of them chose to release their big "blockbusters" to capture those movie goers trying to escape the summer heat. 2015 saw recording breaking movies like "Jurassic World" and "Avengers: Age of Ultron" released in the summer. None from 2016 have beat the records of last year yet, but summer is still only just beginning. Most of the major studios have already begun releasing their slate of summer hopefuls, which means the winners and losers of the summer are already starting to emerge. Read below to find out which studios have brought in the most at the box office this year... _All box office numbers below are provided by Box Office Mojo_ #6 SONY (TICKER: SNE) The biggest movie for Sony Picture Studios this summer has been "The Angry Birds Movie." The film hasn't quite hit the $100 million mark yet, but is on track to do so with $98.2 million in domestic grosses since its release. The other summer movie from Sony, "Money Monster", received a 56% on Rotten Tomatoes and has brought in $39 million domestically. This puts the movie towards the bottom of the summer box office. Sony shares have risen 6.8% in 2016. #5 PARAMOUNT (TICKER: VIA) The heroes in a half shell are back this summer in "Teenage Mutant Ninja Turtles: Out of the Shadows." The movie opened June 3, and has not fared as well as its predecessor "Teenage Mutant Ninja Turtles" which was released in 2014. The sequel has brought in $61 million domestically in its first two weeks. The other movies for Paramount's summer haven't been huge hits. "10 Cloverfield Lane" is the best performing movie that has been released from the studio this year, and has brought in $72 million so far. Still coming for the studio this summer, "Star Trek Beyond." Viacom, Paramount's parent company, is up 13.7% this year. #4 UNIVERSAL (TICKER: CMCSA) Over-the-top comedy is the strategy for Universal this summer. "Neighbors 2: Sorority Rising" and "Popstar: Never Stop Never Stopping", are the two summer movies from Universal that have already been released. The movies have brought in $53.1 million and $8.3 million respectively. Looking at all of 2016 bolsters the studio's lineup with several other comedy titles. "Ride Along 2", "The Boss" and "My Big Fat Greek Wedding 2" all were released earlier this year. So far, none of the titles have been a break out hit, but "The Secret Life of Pets" and the new "Jason Bourne" are set to release later this summer. Universal is owned by Comcast, which is up 12.9% this year. See the rest of the story at Business Insider


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