Bosco685 Posted March 9 Author Share Posted March 9 Gitesh "Box Office Guru" Pandya on Yahoo Finance about box office trends. Link to comment Share on other sites More sharing options...
Bosco685 Posted April 7 Author Share Posted April 7 Link to comment Share on other sites More sharing options...
Bosco685 Posted April 7 Author Share Posted April 7 Quote Worldwide box office is headed for a marginal decline of 3% in 2024, a setback that follows three years of recovery from a pandemic era low in 2020. Gower Street Analytics, a distribution and exhibition industry consultancy, forecasts that worldwide box office this year will aggregate at $32.3 billion, down by more than $1 billion from the $33.9 billion earned in 2023. “A $32.3 billion global box office in 2024 would represent an approximate 5% decrease year-on-year (a 3% decrease at current exchange rates) from 2023. The 2024 revised estimate is 18% lower than an average of the last three pre-pandemic years (2017-2019),” Gower Street said. The forecast comes on the eve of CinemaCon, the annual National Association of Theater Owners convention, being held in Las Vegas April 8-11. While Gower Street’s forecast is for a marginal decline, it actually represents a more than $1 billion improvement on its previous $31.5 million forecast for 2024. And it would have been higher still, but for the strength of the US dollar against other currencies, which shrinks the value of international revenues when expressed in American monetary terms. Link to comment Share on other sites More sharing options...
