The top five box office hit motion pictures over July 4 weekend generated substantial sales. The 'stacation' is becoming more popular during this recession, with people going to the movies, going out to local restaurants, and day trips. And this has helped the motion picture industry.
Number one was Transformers: Revenge of the Fallen, starring Shia Labeouf and Megan Fox, distributed by Paramount Pictures. Paramount is owned by Viacom (VIA) (VIAB) which trades on the New York Stock Exchange. The movie appeared in 4,234 theaters and generated a gross of $42,320,877 for the weekend and $293,355,885 altogether since the movie came out.
Second on the list was Ice Age: Dawn of the Dinosaurs, distributed by 20th Century Fox, which is owned by News Corporation (NWS-A), another NYSE stock. The film generated $41,690,382 for the weekend, appearing in around 4,100 theaters.
Public Enemies was in third place, a Universal Pictures movie, which brought in $25,271,675 for the weekend. Universal is owned by the conglomerate General Electric (GE).
In fourth position was The Proposal, a Walt Disney Studios Motion Pictures film, which took in $12,857,482. Disney Studios is part of The Walt Disney Company (DIS).
Last but not least was The Hangover, distributed by Warner Bros. Pictures, a subsidiary of Time Warner Inc. (TWX). They generated $11,268,413 in total ticket sales.
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Author owns DIS and TWX.