Transformers Suffers From July 4th Fireworks -- But Not in China

NEW YORK (TheStreet) -- Paramount's (VIA) Transformers: Age of Distinction maintained its number one spot on the box office sales numbers, but even so, sales dropped quite far in the movie second week because of the holiday.

TheStreet's Chris Ciaccia wrote a review of the Michael Bay blockbuster last week.

Transformers' sales dropped 64% from its opening weekend ended June 30. While movies are expected to show a steep decrease after an opening, the dip from $100 million domestic box office sales to $36.4 million is large even for the standards of a so-called blockbuster. the typical decline is somewhere between 40% and 50%. 21st Century Fox's (FOX) How to Train Your Dragon 2 and Sony's (SNE) 22 Jump Street fell 50% and 52% respectively from their first opening weekend to second weekend.

Nonetheless, Phil Contrino at wasn't surprised by the large dip in ticket sales as families tend to watch fireworks over the July 4th weekend instead of heading to a movie theater.

Indeed, many studios showed declines over the July 4th weekend as the holiday fell on a Friday providing for less time than usual to take off from work had the 4th landed on a Wednesday or Thursday.

How Viacom's 'Transformers' is Charming China's Hollywood Skeptics

Tammy, the Melissa McCarthy lead movie from Time Warner's (TWX) Warner Brothers Studios opened over the holiday weekend with domestic sales of $21.2 million, placing it second in sales behind Transformers, according to Rentrak (RENT). Transformers was at the top of the box office charts again this week at $36.4 million in domestic weekend box office sales. Contrino said Tammy is likely to eventually show a profit movie despite its mediocre opening considering it was produced with a relatively small budget. 

If you liked this article you might like

Facebook and Snap Have One Issue That Will Have to Be Solved: Peter Bonfield

Weekend Box Office: 'Mother!' Flops With F Rating, 'It' Smashes Records

Weekend Box Office Preview: 'It' Continues to Dominate the Theaters

Viacom Stock Rises as CEO Touts Coming of Entertainment Skinny Bundle

MTV Reports First Summer Viewership Growth in 6 Years