Analyst: Movies and Entertainment Outlook a Mixed Bag
The following is an excerpt from a report compiled by Michael Pachter of Wedbush Securities.
Movie rental industry
Key Redbox releases this year (with domestic box office total from BoxOfficeMojo.com):
- March 4: Dallas Buyers Club ($27 million), Baggage Claim ($22 million), About Time ($15 million), Oldboy ($2 million)
- March 11: The Hunger Games: Catching Fire ($424 million), The Best Man Holiday ($71 million), The Counselor ($17 million)
Key Redbox releases last year (with domestic box office total from BoxOfficeMojo.com):
- March 5: The Twilight Saga: Breaking Dawn Part Two ($292 million), Wreck-It Ralph ($189 million), Playing for Keeps ($13 million)
- March 12: Skyfall ($304 million), Rise of the Guardians ($103 million), The Man with The Iron Fists ($16 million), Cirque du Soleil ($13 million)
Over the next two weeks, there are five rental releases that grossed more than $50 million in domestic box office, compared to three last year. DVD rentals for the upcoming two-week period should outperform the same period last year.