Weekend Box Office Report: The Da Vinci Code Comes Through

Despite poor reviews, The Da Vinci Code exceeded estimates with weekend ticket sales of $77 million in North American theatres. The weekend gross exceeded estimates in place prior to poor reviews out of Cannes. Along with a solid performance from Over The Hedge and reasonable business from other films in wide release, the year-over-year decline […]

Poseidon Sinks The Box Office But It Will Float

Poseidon sunk the box office as the big budget film flopped, bringing in just $20 million and opening in second place. Poor performance from Poseidon was the primary cause for an 8.4% decline in box receipts versus the same weekend a year ago. The negative comp broke a six weekend winning streak and the weak […]

Tom Cruise Falls Short But Regal Still Looks Good

Despite a weaker than expected opening for Mission: Impossible III, the weekend box office rose 24% against easy year ago comparisons. Based on the data I use from BoxOfficeMojo.com, the box office is up more than 6% so far this year. With price increases running at less than 5%, this implies that attendance is growing […]

New Purchase: Regal Entertainment

I used yesterday’s early weakness in the market and in the shares of Regal Entertainment (RGC) to initiate a meaningful though not quite full position. The headline numbers looked like a slight miss with EPS of 9 cents and revenue of $585 million against expectations for 11 cents and $602 million. EBITDA hit expectations, however, […]