Movie Article

Net Profits

Hollywood enjoys record summer box office. Despite fewer ticket sales, the take increased 4 percent over last summer to $3.3 billion

In a summer whose biggest movie was a fish story, the final box office tally is a tale open to interpretation. According to the Hollywood Reporter, the 2003 summer box office (measured since Memorial Day weekend) set an all time record of $3.3 billion, up 4 percent from last year's $3.18 billion. Measured since the unofficial beginning of the summer (the early May release of ''X2: X-Men United''), this summer's receipts came in at $3.6 billion, up 2 percent from 2002, according to Nielsen EDI. However, the record-breaking take is the result of higher ticket prices, since nearly 5 million fewer tickets were sold between Memorial Day and Labor Day, for a total of 548.7 million admissions.

The winning studio was Disney, which took in $748 million, led by ''Finding Nemo'' (the year's top picture, with $332.4 million to date) and ''Pirates of the Caribbean: The Curse of the Black Pearl,'' which is just $5 million away from overtaking ''The Matrix Reloaded'' in the No. 2 spot. A record five summer films (the others are ''X2'' and ''Bruce Almighty'') topped $200 million, spreading the wealth more evenly than last summer, which was dominated by ''Spider-Man'' and ''Star Wars: Episode II -- Attack of the Clones.''

Originally posted Sep 02, 2003