This summer has completely wiped out all of this year's gains over 2013. In April the 2014 box office was way up over 2013. On July 1 it had crashed to -1%. Just prior to this weekend some analysts showed Summer 2014 down anywhere from 13% to 15% over last year. By the time the 4th of July weekend shakes out Monday morning, things will look a lot worse. This holiday weekend is down a whopping 40% over last year.
"Transformers: Age of Extinction," as expected, came in first with a second weekend haul of $55 million over the five-day holiday. As of Monday, the $210 million production will sit at $176 million domestic and $600 to $650 million worldwide.