Global Box Office Projected To Reach $29B In 2023

Mumbai, December 16 - The worldwide box office has been recovering fast after a huge dent caused by the covid-19 pandemic but it is still behind the pre-pandemic levels. In 2022, the global box office is on track for $25.8 billion, according to Gower Street Analytics (via Deadline).

The worldwide box office in 2022, as of December 10, stood at $23.6B, as per the London-based firm's estimates. Deadline reports that the box office in 2022 was severely hit by China which is still facing the wrath of the covid-19 pandemic along with the Russian invasion of Ukraine. The combined estimated loss is $4 billion due to the aforementioned situations.



Meanwhile, as reported, the box office is recovering fast and it has been projected to reach $29 billion in 2023, more than 12% of 2022's worldwide box office collection. The Gower Street Analytics 2023 forecast is still 27% behind the average of the last three pre-pandemic years (2017-2019) at current exchange rates.

The box office forecast for 2023 by Gower Street Analytics is based on the release calendar as it currently stands. The box office in 2017 was $40.9B, followed by $41.8B in 2018, and $42.3B in 2019, as per Gower. In 2020, when the pandemic hit the world, the box office declined drastically to $11.8B, before seeing some rejig to $21.3B in 2021.

Stay tuned...