{"id":200439,"date":"2023-12-21T09:45:00","date_gmt":"2023-12-21T14:45:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=200439"},"modified":"2023-12-21T12:24:35","modified_gmt":"2023-12-21T17:24:35","slug":"2023s-box-office-bounce-back-hollywood-strives-to-shake-off-industry-drama","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/2023s-box-office-bounce-back-hollywood-strives-to-shake-off-industry-drama\/","title":{"rendered":"2023&#8217;s Box Office Bounce Back: Hollywood Strives to Shake Off Industry Drama"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li>\u2018Barbenheimer\u2019 ignited a summer renaissance in movie-goer activity, and studios hope for an end-of-year flourish<\/li>\n\n\n\n<li>Despite plenty of setbacks and drama, entertainment stocks have performed well in 2023<\/li>\n\n\n\n<li>We spotlight major motion pictures set to lure the public back to theaters as the holiday season winds down and 2024 unfolds<\/li>\n<\/ul>\n\n\n\n<p>It has been a dramatic stretch in the content world. Between management shake-ups at Disney late last year and the jump in streaming service costs throughout 2023, the film industry has undergone a roller coaster ride.<\/p>\n\n\n\n<p>Summer blockbusters&nbsp;<em>Barbie&nbsp;<\/em>and&nbsp;<em>Oppenheimer<\/em>&nbsp;attracted families back to the theaters, and then Taylor Swift\u2019s&nbsp;<em>The Eras Tour<\/em>&nbsp;musical resulted in flocks of fans earlier this quarter. The news has not been purely two thumbs up, however, evidenced by a recent flop by the once-dominant Marvel franchise. Toss in the Hollywood actors\u2019 and writers\u2019 strike, and this year\u2019s trailer is one fraught with twists.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-silver-bells-amp-silver-screens\"><strong>Silver Bells &amp; Silver Screens<\/strong><\/h2>\n\n\n\n<p>All eyes are now on what the holiday season box office brings. After all, who doesn\u2019t enjoy heading out to catch a flick after unwrapping presents? The tone is hopeful following the successful December 15 debut of Warner Bros. Discovery\u2019s (WBD)&nbsp;<em>Wonka<\/em>. That film raked in $3.5 million on its opening night.[1] Industry analysts forecast upwards of $40 million in total box office sales over its first weekend along with robust numbers from international markets, according to CNBC\u2019s Julia Boorstin.[2]<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-creeping-closer-to-sales-totals-of-yesteryear\"><strong>Creeping Closer to Sales Totals of Yesteryear<\/strong><\/h2>\n\n\n\n<p>Big picture, 2023 tracks to fall well shy of 2019\u2019s pre-pandemic box office gross sales figure of $11.4 billion.[3] Data from IMDbPro reveals that the relative shortfall will likely amount to $2 billion as the industry battles fierce competition from the \u2018Netflix-and-chill\u2019 mantra that gained steam following the onset of COVID-19 nearly four years ago.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-better-box-office-numbers-in-2023-still-lagging-pre-pandemic-totals\"><strong>Better Box Office Numbers In 2023, Still Lagging Pre-Pandemic Totals<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"658\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/12\/231220-Annual-Box-Office-Sales-1100x658.png\" alt=\"Better Box Office Numbers In 2023, Still Lagging Pre-Pandemic Totals\" class=\"wp-image-200442 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/12\/231220-Annual-Box-Office-Sales-1100x658.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/12\/231220-Annual-Box-Office-Sales-700x419.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/12\/231220-Annual-Box-Office-Sales-300x179.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/12\/231220-Annual-Box-Office-Sales-768x459.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/12\/231220-Annual-Box-Office-Sales.png 1445w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/658;\" \/><\/figure>\n\n\n\n<p><em>Source: IMDbPro [4]<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-major-movies-in-and-not-in-the-queue\"><strong>Major Movies in (and not in) the Queue<\/strong><\/h2>\n\n\n\n<p>Still, hopes are high that upcoming releases,&nbsp;<em>Aquaman and the Lost Kingdom&nbsp;<\/em>and&nbsp;<em>The Color Purple<\/em>,&nbsp;both produced by WBD, can help end the year with a flourish. What else is set to hit the silver screen?&nbsp;<\/p>\n\n\n\n<p>Disney\u2019s&nbsp;<em>Star Wars: Rogue Squadron&nbsp;<\/em>was supposed to be released this month, but&nbsp;Variety&nbsp;reported the ill-fated blockbuster was pulled by its producer and that it\u2019s no longer in active development.[5] Had the one-off adventure feature been a go, 2023\u2019s gross ticket sales would have likely topped the $9 billion mark. Amazon\u2019s&nbsp;<em>The Underdogs<\/em>, slated for a January 2024 debut, was also pulled. Moviegoers can still look forward to Amazon\u2019s&nbsp;<em>The Beekeeper<\/em>, expected to be released on January 12 at IMAX theaters.<\/p>\n\n\n\n<p>Wall Street Horizon\u2019s data show&nbsp;<em>Aquaman and the Lost Kingdom<\/em>,&nbsp;<em>The Beekeeper<\/em>,&nbsp;<em>Madame Web<\/em>,&nbsp;<em>Dune: Part Two<\/em>,&nbsp;<em>Ghostbusters: Frozen Empire<\/em>, and&nbsp;<em>Godzilla x Kong: The New Empire&nbsp;<\/em>will all appear at IMAX locations through early Q2 2024.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-netflix-remains-the-most-prolific-movie-maker-heading-into-2024\"><strong>Netflix Remains the Most Prolific Movie Maker Heading Into 2024<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"558\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/12\/231220-WSH-Movie-Count-1100x558.png\" alt=\"Netflix Remains the Most Prolific Movie Maker Heading Into 2024\" class=\"wp-image-200443 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/12\/231220-WSH-Movie-Count-1100x558.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/12\/231220-WSH-Movie-Count-700x355.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/12\/231220-WSH-Movie-Count-300x152.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/12\/231220-WSH-Movie-Count-768x390.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/12\/231220-WSH-Movie-Count.png 1455w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/558;\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-few-slam-dunk-films\"><strong>Few Slam-Dunk Films<\/strong><\/h2>\n\n\n\n<p>Looking ahead to 2024, analysts remain concerned about overall theater-visit trends despite what on paper looks like a decent lineup. Films such as&nbsp;<em>Dune: Part Two, Deadpool 3, Transformers One, The Lord of the Rings: The War of the Rohirrim,&nbsp;<\/em>and<em>&nbsp;Mean Girls&nbsp;<\/em>are all hoped to help bolster the box office rebound. But a disappointing showing from 33rd installment in the Marvel franchise,&nbsp;<em>The Marvels<\/em><em>,<\/em>&nbsp;tells a cautionary tale regarding how well movie franchises can endure.[6]<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-broad-based-gains-for-filmmaker-stocks\"><strong>Broad-Based Gains for Filmmaker Stocks<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"591\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/12\/231220-2023-Stock-Performance-1100x591.png\" alt=\"Broad-Based Gains for Filmmaker Stocks\" class=\"wp-image-200444 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/12\/231220-2023-Stock-Performance-1100x591.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/12\/231220-2023-Stock-Performance-700x376.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/12\/231220-2023-Stock-Performance-300x161.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/12\/231220-2023-Stock-Performance-768x413.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/12\/231220-2023-Stock-Performance.png 1455w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/591;\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-bottom-line\"><strong>The Bottom Line<\/strong><\/h2>\n\n\n\n<p>Hollywood aims to reel moviegoers back to the theaters this season following a dramatic year in the industry. Streaming services continue to make their presence known, but ticket sales continue to recover from 2020\u2019s pandemic low figure. Share prices of many media names, meanwhile, have been a hit with investors. The shows must go on, and studios will carefully analyze Christmas weekend sales trends as we call it a wrap on 2023.<\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted December 20, 2023 &#8211; <a href=\"https:\/\/www.wallstreethorizon.com\/blog\/2023s-Box-Office-Bounce-Back-Hollywood-Strives-to-Shake-Off-Industry-Drama\">2023\u2019s Box Office Bounce Back: Hollywood Strives to Shake Off Industry Drama<\/a><\/p>\n\n\n\n<p><em>[1] Wonka\u2019 Kicks Off Holiday Box Office With $3.5 Million From Thursday Previews, Wrap Pro, Jeremy Fuster, December 15, 2023,&nbsp;<a href=\"https:\/\/www.thewrap.com\/wonka-thursday-box-office-timothee-chalamet\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.thewrap.com<\/a><br>[2] Watch Friday\u2019s full episode of Fast Money \u2014 December 15, 2023, December 15, 2023,&nbsp;<a href=\"https:\/\/www.cnbc.com\/video\/2023\/12\/15\/watch-fridays-full-episode-of-fast-money-december-15-2023.html\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.cnbc.com<\/a><br>[3] IMDbPro, December 19, 2023,&nbsp;<a href=\"https:\/\/www.boxofficemojo.com\/year\/?ref_=bo_nb_di_secondarytab\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.boxofficemojo.com<\/a><br>[4] IMDbPro, December 19, 2023,&nbsp;<a href=\"https:\/\/www.boxofficemojo.com\/year\/?ref_=bo_nb_di_secondarytab\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.boxofficemojo.com<\/a><br>[5] \u2018Star Wars\u2019 Shakeup: Kevin Feige and Patty Jenkins Movies Shelved, Taika Waititi Looking to Star in His Own, Variety, Adam B. Vary, March 7, 2023&nbsp;<a href=\"https:\/\/variety.com\/2023\/film\/news\/star-wars-kevin-feige-patty-jenkins-movies-shelved-1235545774\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/variety.com<\/a><br>[6] The Marvels\u2019 box office flop marks the end of an era for the studio\u2019s winning formula\u2013and the beginning of a new one for Hollywood\u2019s workers, Fortune, Joanna Robinson, Dave Gonzales and Gavin Edwards, November 24, 2023&nbsp;<a href=\"https:\/\/fortune.com\/2023\/11\/24\/the-marvels-box-office-flop-end-era-studios-winning-formula-beginning-new-hollywood-workers-entertainment\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/fortune.com<\/a><br>[7] StockCharts, December 19, 2023,&nbsp;<a href=\"https:\/\/stockcharts.com\/freecharts\/perf.php?%E2%80%8BLGF\/A,AMZN,AAPL,WBD,SONY,NFLX,AMCX,CMCSA,DIS,PARA&amp;p=4&amp;O=111010%E2%80%8B%E2%80%8B\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/stockcharts.com<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It has been a dramatic stretch in the content world. Between management shake-ups at Disney late last year and the jump in streaming service costs throughout 2023, the film industry has undergone a roller coaster ride.<\/p>\n","protected":false},"author":586,"featured_media":200440,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,8,9,22,26,3],"tags":[14261,16480,44],"contributors-categories":[13636],"class_list":{"0":"post-200439","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-north-america","8":"category-region","9":"category-securities","10":"category-stocks","11":"category-text-articles","12":"category-traders-insight","13":"tag-box-office","14":"tag-hollywood","15":"tag-stocks","16":"contributors-categories-wall-street-horizon"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>2023&#8217;s Box Office Bounce Back: Hollywood Strives to Shake Off Industry Drama<\/title>\n<meta name=\"description\" content=\"It has been a dramatic stretch in the content world. 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Between management shake-ups at Disney late last year and the jump in streaming service costs throughout 2023, the film industry has undergone a roller coaster ride.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/2023s-box-office-bounce-back-hollywood-strives-to-shake-off-industry-drama\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-21T14:45:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-21T17:24:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/12\/2023s-Box-Office-Bounce-Back.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christine Short\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christine Short\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"NewsArticle\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/2023s-box-office-bounce-back-hollywood-strives-to-shake-off-industry-drama\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/2023s-box-office-bounce-back-hollywood-strives-to-shake-off-industry-drama\\\/\"\n\t            },\n\t      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