In June the global box office generated $2.9 billion, outperforming the remarkable levels of the two prior months (May +6%, April +3%). That helped Q2 2023 to reach $8.6 billion, the best quarterly result since 2019.
The Domestic market has reclaimed its position at the #1 global box office market from China.
Against the odds February recorded an impressive global box office of $2.88 billion – approximately 27% ahead of February 2021.
Despite a lack of new releases, global cinemas accounted for a remarkable box office of $1.9 billion in January, up +94% year-on-year.
Two years on from the first global market closing cinemas due to the COVID-19 outbreak, how well has global business recovered?
Gower Street CEO Dimitrios Mitsinikos once again featured on the latest CJ Cinema Summit, presented by Celluloid Junkie and Filmgrail.
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.