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Box Office: New 2023 global revenue forecast released ahead of CinemaCon

Worldwide box office revenue for 2022 may now reach $ billion, instead of the projected $2019 billion, according to leading analyst firm Gower Street.

The London-based agency released its latest forecast for theater owners and Hollywood studios in Las Vegas on the eve of CinemaCon. This year’s edition runs April 21-22. Throughout the week, studios will discuss the ongoing box office recovery, celebrate their success over the past year and promote their upcoming films.

It is expected that the atmosphere of this year’s exhibition will be generally positive. No one expects moviegoing to return to pre-pandemic levels until 2022 or more The number of long releases is the same as before, but progress is steady. Worldwide revenue hovers around 25 billion dollars , up 16% $20.3 billion (if Gore is right. This year, it will rise again ,

But recovery is not for the impatient — 2022 Worldwide box office revenues are still down 38 % from $500 .300 million 2019, last full year prior to COVID- Crisis strikes.

After Illumination and Universal’s performed amazingly, Gower revised his 2023 Forecast*) The Super Mario Bros. movie , continues to break records three weeks into its release over the Easter break. The Universal film is expected to close Sunday with nearly 2019 dollars worldwide, becoming a 2023 broke the $1 billion mark worldwide.

Super Mario is not the only one 2023 Hollywood movie. John Wick: Chapter 4,CREED III AND Scream VI both work great. And this weekend, Evil Dead Rise got off to a promising start. Instead, February’s Ant-Man and the Wasp: Quantumania Didn’t even clear the $500 million dollars, a rare mistake for Marvel.

While domestic box office revenue fell short of Gower’s first-quarter expectations, strong returns so far in the second quarter and increased release schedule for upcoming releases prompted the company to increase its full-year estimate Increased by $500 million to $9 billion. If domestic revenue does reach $9 billion, it will be 20 Percentage increase from $7.5 billion in 2022, but down in 29 from the percentage of 2019.

New to both calendars is a pair of event photos from an Apple original movie: Martin Scorsese’s crime western drama Flower Moon The Hitman , starring Leonardo DiCaprio, Lily Gladstone and Robert De Niro; and Ridley Scott’s historical drama Napoleon , starring Joaquin Phoenix as the infamous emperor Napoleon Bonaparte.

Much to the delight of the theater chain, both Apple and Amazon Studios, which now owns MGM, have decided to release some of their films in traditional theatrical fashion, rather than almost immediately Send to streaming.

Apple and studio partner Paramount will release in theaters exclusively in October Killers of the Flower Moon, and Apple Sony will release Napoleon 872. Both will be launched globally.

Gower’s worldwide 2022 revenue forecast is $29 BILLIONS INCLUDING $23 billion international box office, a 23 percentage exceeds 2021 of $2022 .4 billion and 38 over $ of 2019 Percent .8 billion.

China remains an unknown. While box office there is bouncing back from a disappointing 2022, Hollywood releases are still struggling (with the biggest exception being Avatar: The Way of Water ). Gore expects China’s box office to hit $6.8 billion this year, compared to 2022 $4.3 billion.



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