Global Box Office Notched 27% Gain in 2022 to Hit $26 Billion Total, Research Shows

Global cinema box office revenue weighed in at $26 billion in 2022, a healthy 27% improvement compared with 2021, but still a long way short of pre-pandemic levels. In its final estimate of the full year to Dec. 31, 2022, research firm Gower Street Analytics calculated that global gross box office takings reached $25.9 billion. That compared with $21.4 billion in 2021. The 2022 number is 35% below the 2017-19 average in the three years before COVID-19 upended the global film industry. Gower Street estimates that the 2022 number represents an annual loss of $14 billion in gross revenue. Having… Read Full Article