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.
Both the Domestic and International (excluding China) markets that recorded their biggest box office results since before the pandemic began in December.
Gower Street's Rob Mitchell discussed the potential impact on box office of the newly identified Omicron covid variant in Hollywood Reporter.