Domestic b.o. to top $10 bil for first time
Analyst projects milestone to be passed TuesdayHollywood is crossing a new milestone as domestic revenues top $10 billion for the first time.
Boxoffice analyst Paul Dergarabedian of Hollywood.com projected that 2009 receipts would pass that mark Tuesday.
According to Dergarabedian's accounting, the boxoffice year starts on Jan. 1, regardless of where in the week that day falls. This year, it happened to be on a Thursday.
However, Nielsen EDI and The Hollywood Reporter begin our boxoffice year on the first business day after the New Year's weekend and so began tracking 2009 boxoffice on Jan. 5.
Since Dergarabedian's method includes a full holiday weekend that isn't yet reflected in EDI's accounting, his tally appears to hit the $10 billion mark quicker; by EDI's accounting, the industry, which had accumulated $9.74 billion as of Sunday, should cross the $10 billion mark sometime next week.
By both Dergarabedian's and EDI's reckoning, 2009 boxoffice is heading to record territory.
A huge Christmas weekend is ahead with Robert Downey Jr.'s "Sherlock Holmes," Meryl Streep's "It's Complicated" and an "Alvin and the Chipmunks" sequel hitting theaters.