Home » Business » Pixar's 'Lightyear' sees lower domestic box office showing tied to host of problems
Pixar's 'Lightyear' sees lower domestic box office showing tied to host of problems
Fox Business Flash top headlines for June 20
Check out what’s clicking on FoxBusiness.com.
Pixar's "Lightyear" struggled to travel to infinity and beyond at the domestic box office this past weekend, coming in at an estimated $51 million, below industry projections of around $70 million thanks to a perfect storm of headwinds.
THE WALT DISNEY CO.
Box Office Pro editorial director and senior vice president of content strategy Daniel Loria told FOX Business that there haven't been many data points to accurately forecast families' movie-going habits post-pandemic.
"If you look at forecasting right now for every title, I think forecasting, to be frank, has been way off," Loria said. "I think when it comes to Lightyear's opening weekend, if we look at just the raw data that have been there, the data points that we have since the pandemic reopened cinemas, it's performing well within that streak but definitely not at the pre-pandemic levels we expect."
AMC CEO: MOVIEGOERS SPENDING DESPITE INFLATION
Loria said that Lightyear's box office receipts may have been a casualty of increased competition with "Top Gun: Maverick" and "Jurassic World: Dominion," which have surpassed worldwide cumulative grosses of $600 million and $885 million, respectively, according to Sunday estimates from Comscore.