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Monday, Dec 4, 2023

Valley Studios Dominate 2017 Box Office

Valley film studios took the top three spots in 2017 box office market share, according to an analysis by Variety. Walt Disney Co. in Burbank was the top studio for the second year in a row. Disney had a 21.3 percent market share and produced the year’s two biggest box office performers, “Beauty and the Beast” and “Star Wars: The Last Jedi.” Warner Bros. in Burbank placed second with an 18.9 percent share. Universal Studios in Universal City finished third with a 14 percent market share. In terms of number of movies, Disney released only 12 this year, down from 16 in 2016. Warner Bros. released 31 films and Universal 17. The fourth-place studio was Fox, which Disney plans to acquire in 2018. Fox had a 12.8 percent market share, according to Variety.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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