Box-Office To Hit ‘Normal’ Levels In 2023?


Box Office To Hit Normal Levels In 2023
AMC Theaters

In its most recent study, Gower Street Analytics is projecting that the global box office will reach $33.2 billion next year – a 58% increase over 2021 which is projected to end at around $21 billion.

The research film indicates the big gain next year will be the North American domestic box-office which they estimate will hit a projected $9.2 billion. That’s up from an estimated $4.4 billion it will reach by the end of this year, and would push North America past China (assuming that market’s figure stays flat) who had the world’s strongest box-office in 2020 and 2021.

Gower also suggests the industry won’t see a full return to pre-pandemic global box office levels of over $40 billion until at least 2023. It’s hoped widespread COVID shutdowns will not return, but that can’t be predicted.

2021 is going out on a high though with “Spider-Man: No Way Home” expected to snag a minimum global opening weekend of $290 million, while both “The Matrix Resurrections” and “Sing 2” are also expected to be strong earners.

Source: Variety

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