Transcript for Hollywood sees some of worst summer ticket sales in years
Back now with our big board and new trouble at the box office. Hollywood seeing some of its worst summer ticket sales in years. This is expected to be the lowest four-day labor day weekend total for movies since 1998 and some are now wondering if we're just simply seeing the end of the summer blockbuster. Jeremy parsons from people.com joins us. Good morning. Happy labor day to you. Got to ask why do you think this could be the weakest labor day box office? It's coming off of one of the weakest Summers in jep we've seen. "Transformers," the fifth installment didn't perform as well as expected and "Pirates." Those franchise movies that have been sort of box office surefire were not so great overall. Also, studios didn't release anything new this weekend and recently haven't really released huge new movies. Some in anticipation of next weekend's movie "It." That is anticipated to do really, really well so I think for this weekend studios wanted to shy away from that upcoming sort of big-time box office hit. Anybody benefit from this kind of slow weekend at the box office other than Netflix. Well, they do but also the holdovers, "The hitman's bodyguard" and "Annabelle creation" third and fourth weeks have maintained the top spot so if for no other reason lack of competition have served them well in maintaining their big run at the box office. "The Hollywood reporter" said Hollywood may have abandoned labor day. Ticket sales are down 15%. So many say there's no good movies to see. You hear that a lot. The same old thing but look at what did well. "Wonder woman" did well this summer -- even though it's a superhero movie it's a new superhero movie. Got girls trip." A breakthrough with an all female led cast. Room for creativity and I think all of us hope that this is a sign like, hey, we'd like fresh ideas to be given the support some of these big movies get. I need to see something besides "The emoji movie." The big sick was good. They make 40% of their money during the summer. Can any make up for it. We have a big fall and winter, new "Star wars" movie "The last jedi" everyone is anticipating that to be huge. New Thor movie and Chris Hemsworth back to remind I could hit the gym every now and then and "Justice league" hoping for bounceback. Jeremy, great to have you. With us on this labor day. Have a good one. You look fine, by the way. You're thoresque. Oh, great. Thank you. I always get ha. You could hit the gym together. Should we do that? I don't know what to say.
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