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 media outlets, including key trade publications Variety, Deadline, and Screendaily, have picked up the news of Gower Street's year-end 2021 box office projection.
Gower Street is predicting the global box office to finish at approximately $20.2 billion in 2021.
Gower Street has added multiple new features to its Road To Recovery reports to help readers track what is happening locally, regionally and globally.