The holiday box office totals are in and, frankly, they’re not good. We had three new wide releases make their way into over 3,000 theaters this weekend, but they still couldn’t top last weekend’s top contender, Transformers: Age of Extinction. As noted in our weekend box office recap, Tammy took $21.2 million, Deliver Us From Evil claimed $9.5 million and Earth to Echo kicked off its run with just $8.3 million. Even if you add up all three of those opening totals, that’s only about $39 million and even that pales in comparison to last year’s Independence Day weekend top earner alone, Despicable Me 2, which posted an impressive $83.5 million to start.
Sure, you could blame the weak holiday weekend on the fact that the new releases aren’t all that good or perhaps because July 4th fell on a Friday, but this isn’t the only problematic weekend of summer 2014. The box office is down significantly for the summer season overall. Why is that? The answer is actually pretty obvious. Find out what it is after the jump.