Two years on from the first global market closing cinemas due to the COVID-19 outbreak, how well has global business recovered?
The returning dominance of Hollywood studio titles, after a largely abandoned 2020, painted a very different picture in terms of market box office #1s in 2021.
As part of Gower Street's review of the year we are once again taking a look at how titles released in 2021 stack up to previous years on a global basis.
Gower Street estimates that the 2021 box office finished at $21.4 billion, 48% below the average of the last three pre-pandemic years.
Both the Domestic and International (excluding China) markets that recorded their biggest box office results since before the pandemic began in December.
Gower Street Analytics estimates 2022 global box office will reach $33.2 billion.
Global cinemas accounted for a box office of $1.8 billion in November, more than double the number reached in the same period a year ago.
The global theatrical world has reached a new height of recovery in October. It delivered a monthly box office of $3.1 billion, by far the highest result since January 2020!…
Gower Street has raised its end of year estimate for Global Box Office in 2021. The estimate has been revised up to $21.6 billion.