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What the 2024 summer box office signals for Hollywood

Summer box office is coming to a close as the fall releases begin to trickle in. With the movie industry still recovering from the writers and actors strike in 2023, is it beginning to bounce back from the summer hits? Box Office Guru Founder and Editor Gitesh Pandya joins Asking For A Trend to give insight into the state of the box office and what investors need to know moving forward. Giving a summary of this summer, Pandya says: "We're technically down from last year, which sounds bad, but however May was the biggest reason for that. May was down versus last year because we didn't have the biggest movies because of the strikes last year." He continues with: "But once we got the adrenaline going, that's the beginning of June. It's been gangbusters in June, July and August. So we are up big right now during this current period with two movies breaking $600 million each." When asked if the industry has bounced back since the Covid shutdowns, Pandya gives states: "We're not at the pre-pandemic level, but I think that what we've seen this summer is a good sign for the future, and it's all across different genres. So we were firing on all cylinders this summer. Animation was hot. Superheroes, action, horror was doing well, even romance doing well. Sci fi. So all the different genres are working. People are going out to the movies to see theaters." For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Nicholas Jacobino