Hollywood hits all-time box office high after fears cinema-going era was over
Hollywood has hit an all-time box office high, breaking summer box office records.
This summer, an estimated $4.2 billion was spent on cinema-going, despite the indication that a trip to the movies is on the decline since DVDs, piracy and the internet have grown.
The record summer profits peaked last weekend with the opening of Halloween, a remake of the 1978 original, panned by the critics but clearly popular with the masses, raking in around $32.5 million.
The summer takings are up 8% on last year and have exceeded the previous record of $3.95 billion set in 2004.
Despite a string of sequels this summer – 14 so far – 2007 is awash with blockbuster hits.
As well as expensive, action movies like Spiderman and Pirates of the Caribbean, surprise low-budget comedies like Knocked Up and Superbad have also drawn in the crowds.
The highest-grossing film of the year so far is Spider-Man 3 earning $335 million at the box office. Shrek the Third followed with around $320 million and Pirates of the Caribbean III, with $308 million.
‘Everyone should be very happy with the result,’ said Rory Bruer, head of distribution for Sony, which released Spider-Man 3 and Superbad, the $20m Judd Apatow-produced film about to hit the $100m mark. ‘The movie industry is alive and well, in comparison to maybe what was being said a few years ago.’