Movie Industry Eyes May 2009 Box Office of $1.3 Billion

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By Douglas A. McIntyre Updated Published
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Movie Industry Eyes May 2009 Box Office of $1.3 Billion

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Traditionally, the Memorial Day weekend tops off box office receipts for May, which has been a good month for movie distributor for years. Over the past 10 years, May has produced an average of $1 billion in U.S. ticket sales. No year has been better than 2009, when the month’s total reached $1.32 billion, driven by “Up” which was released May 29 of that year, according to Box Office Mojo

“Up” grossed $294 million in total U.S. revenue over its time in theaters. On its opening weekend (Memorial Day), the animated film grossed $61.8 million. Rated PG, it was nothing like today’s blockbuster action movies. This weekend’s favorite to rule the box office — “X-Men: Apocalypse” will bring in $80 million, according to forecasts.

May 2009 was kind to the movie industry for other reasons. The month’s release count was only 39 films, against a more typical 50 over the past decade. Last year total movies released for the month hit 65. And in May 2009, yield per theater was $33,800. Last year, the comparable number was $18,200.

So far, through Friday, the May 2016 gross is $544 million. The industry has a long way to go to match any recent May ticket sales, let along 2009

“Up” has a story line as improbable as the X-Men, Captain American and Iron Man movies:

Retired balloon salesman Carl Fredricksen, is ready for his last chance at high-flying excitement. Tying thousands of balloons to his house, Carl sets off to the lost world of his childhood dreams. Unbeknownst to Carl, an overeager 8-year-old Wilderness Explorer Russell is on Carl’s front porch! The world’s most unlikely duo meet fantastic friends like Dug, a dog with a special collar that allows him to speak, and Kevin, a rare 13-foot tall flightless bird. Stuck together in the wilds of the jungle, Carl realizes that sometimes life’s biggest adventures aren’t the ones you set out looking for.

So much for any real movie, with real people, in real places making any reasonable money over Memorial Day.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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