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Hollywood Sets Summer Box Office Record of $4.7 Billion Despite Huge Flops

Truth rating: 10

By Daniel Gates

(Marvel)

Hollywood earned a record $4.7 billion at the box office this summer — despite some high-profile flops.

The period stretching from the first weekend in May until Labor Day saw a 10.2 percent increase in revenue and a 6.6 percent bump in attendance.

Iron Man 3 led the way with $408 million at the domestic box office, followed by other summer blockbusters like Despicable Me 2 ($356 million) and Man of Steel ($290 million).

Other successes included Monsters University, Fast & Furious 6, Star Trek Into Darkness, and World War Z, all of which cracked the $200 million mark.

The top six movies of the summer were all sequels or based on established characters.

Among the big-budget whiffs: The Lone Ranger ($88 million), White House Down ($72 million), and After Earth ($61 million), all of which featured big stars but couldn’t get traction with audiences.

What was your favorite movie of the summer?

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