With the second quarter now over, Box Office Mojo, the online box-office reporting service, reported ticket sales have already surpassed $6 billion, up 10% from 2017, setting a new record for the second quarter. That comes on the back of a record in terms of ticket sales for the first three months of 2018. What’s more, Box Office Mojo said that so far the summer is currently 19% ahead of last year in terms of ticket sales. Meanwhile, Paul Dergarabedian, senior media analyst at comScore told CNBC that the industry is on track to have its highest box-office sales since 2013. (See more: Disney Close to Receiving US Antitrust Approval on Fox Merger.)
Disney Leading The Box-Office Charge
Driving the surge in movie ticket sales has been Disney, which accounts for more than 36% of the yearly market share, according to Box Office Mojo. After all, Disney had huge successes with “Black Panther”, “Avengers: Infinity War” and the June release of “Incredibles 2.” As of the end of June, those three movies brought in $1.8 billion domestically, close to 29% of the year’s total box office, Box Office Mojo noted. In June, Incredibles 2 earned $425.5 million in ticket sales, making it the second largest release for Pixar and the second largest animated film ever. Box Office Mojo predicts it will soon surpass "Finding Dory" to top both those lists.
“As of the end of June, Disney has amassed a whopping $2.2 billion in domestic ticket sales, pacing +66.4% ahead of last year and +22% ahead of their record 2016, which saw the studio become the first ever to top $3 billion in domestic ticket sales in a calendar year,” wrote Box Office Mojo. (See more: Disney’s ‘Avengers: Infinity War’ Breaks Records.)
At the same time, Universal Studios' “Jurassic World: Fallen Kingdom” release is drawing in a lot of moviegoers with box office sales at $60 million last week, according to CNBC. Across the globe the movie had ticket sales of $932.4 million.
Box Office Winning
While strong movie ticket sales bode well for both Disney and Universal, comScore 's Dergarabedian told CNBC that the box office is the real winner given the second quarter was its most successful three month period ever with ticket sales of $3.3 billion. And that comes when consumers have a lot of choices in how they access content, including films. "With all this streaming and all these available options for entertainment, the fact that the movie theater is booming right now shows that it's not going anywhere," Dergarabedian told CNBC.