Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home Movie

2024 Global Box Office Forecast Better Than Expected But Still Bad

rmtsa by rmtsa
April 7, 2024
in Movie
0
2024 Global Box Office Forecast Better Than Expected But Still Bad
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

I Ate Everything on Burger King’s ‘How to Train Your Dragon’ Menu

First Steps Star Says Galactus Isn’t ‘Evil’

See Exclusive Pictures of the Stars

Things are looking slightly better than expected.

Timed to this year’s CinemaCon, analytics firm Gower Street released an updated forecast for the global box office that predicts revenues will be stronger than originally expected for 2024.

Gower Street is projecting theatrical revenues this year will hit $32.3 billion, up from the $31.5 billion they originally forecast. That is still below the $33.9 billion earned worldwide last year and $10 billion below the box office peak of $42.3 billion hit pre-pandemic.

Gower said the international market, excluding China, will account for most of the gains, with box office projections set to come in $550 million ahead of their original forecast of $16.2 billion. Domestic box office is also expected to come in $200 million above their initial prognosis at around $8.2 billion. China, the only one of the three key markets forecast to show year-on-year growth compared to 2023, is expected to earn $7.9 billion, on par with earlier estimates.

Gower said changes to the release calendar since their first projection, with more titles being added, were the main reason for the increase. They noted that the box office bump will actually be higher calculated in local currency, but the strong U.S. dollar has essentially wiped out “over a third of the gains seen collectively across international markets.”

The new figures will come as little consolation for hard-hit distributors. Even with the improved forecast, Gower expects global box office this year to fall 5 percent from 2023, the first post-pandemic year-on-year drop. The 2024 revised estimate is still 18 percent below the average for the last three pre-pandemic years, 2017-2019.

Gower Street attributes the year-on-year drop to Hollywood’s historic dual labor strikes which resulted in a production slowdown and the delay in the release of several big titles this year.



Source link

Tags: BadBoxExpectedForecastGlobalOffice
Share30Tweet19
rmtsa

rmtsa

Recommended For You

I Ate Everything on Burger King’s ‘How to Train Your Dragon’ Menu

by rmtsa
May 30, 2025
0
I Ate Everything on Burger King’s ‘How to Train Your Dragon’ Menu

Today I will discover the hidden world ... inside my large intestines.That’s because I’m about to venture forth on an epic culinary quest. It will take me all the way to a mystic land...

Read more

First Steps Star Says Galactus Isn’t ‘Evil’

by rmtsa
May 30, 2025
0
First Steps Star Says Galactus Isn’t ‘Evil’

The Fantastic Four: First Steps star Ralph Ineson recently opened up about what fans can expect from Galactus in the highly anticipated upcoming movie. What did Ralph Ineson...

Read more

See Exclusive Pictures of the Stars

by rmtsa
May 29, 2025
0
See Exclusive Pictures of the Stars

“Cinema is magic.” So said veteran filmmaker Richard Linklater when the lights came up inside the Grand Lumiére Theatre and he was handed a microphone following an electric...

Read more

What is the best singing scene in a non-musical movie?

by rmtsa
May 29, 2025
0
What is the best singing scene in a non-musical movie?

The first one that comes to mind for me is Tiny Dancer from Almost Famous Honorable mentions to Twist and Shout from Ferris Bullers Day off and my...

Read more

Embracer Transforms Into Fellowship Entertainment, Goes All-In on THE LORD OF THE RINGS — GeekTyrant

by rmtsa
May 29, 2025
0
Embracer Transforms Into Fellowship Entertainment, Goes All-In on THE LORD OF THE RINGS — GeekTyrant

After years of buying up everything in sight, Embracer Group finally hit its breaking point last year. The once-expanding megacorp had grown too fast, too wide, and inevitably...

Read more
Next Post
Hilary Duff Reveals Diet She Could Get ‘In Trouble’ For Sharing

Hilary Duff Reveals Diet She Could Get 'In Trouble' For Sharing

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • Mariah Carey Celebrates 20 Years of ‘The Emancipation of Mimi’: Listen
  • Miley Cyrus ‘Something Beautiful’ Album Review
  • I Ate Everything on Burger King’s ‘How to Train Your Dragon’ Menu

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In