The movie industry can thank genetically modified dinosaurs, street racers, and a squad of misfit superheroes for the best box office quarter on record.
According to Macquarie Research, Q2 box office domestic ticket sales jumped 9.2% to $US3.084 billion. This beat Macquarie’s bullish estimate for an 8-10% increase — which they attribute primarily to the record success of “Furious 7” ($US351.03 billion), “Jurassic World” ($US514.37 billion) and, “Avengers: Age of Ultron” ($US452.96 billion).
These 3 movies are so far the 4th, 5th and 6th highest worldwide grossing movies of all time, and have also broken all kinds of records.
Perhaps most interesting is the concentrated share they have had of domestic ticket sales in Q2.
According to Box Office Mojo, 326 movies were released domestically this quarter, but “Furious 7,” “Jurassic World,” and “Avengers: Age of Ultron” together took about 43% of domestic ticket sales. Jurassic World alone took 16.7% of that.
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