Actionable news
0
All posts from Actionable news
Actionable news in CMCSA: Comcast Corporation,

'Despicable Me 3' Aims to Rejuvenate Summer Box Office

This weekend sees the release of what is bound to be one of the most popular films of the summer. Universal's (CMCSA) "Despicable Me" films have proven their box office dominance time and again, and though franchise fatigue will set in eventually, "Despicable Me 3" looks to continue the winning streak. Even if it opens below past installments, Universal has no need to worry--these films are produced at a low price point and are monsters internationally, meaning "Despicable Me 3" will probably be one of the most profitable movies of the summer.

Elsewhere at the box office, Sony's (SNE) thriller "Baby Driver" will aim to attract an older audience, as will Warner Bros.'s (TWX) R-rated comedy "The House." The Top 12 films at the box office should gross around $175 million this weekend, which would be a 30% increase from last weekend and a 5% dip from the same frame last year, when "Finding Dory" ruled the box office.

When the first "Despicable Me" debuted in July 2010, expectations were modest: "Toy Story 3" was tearing up the box office at the time, and it was the first film from Universal's new...


More