AFM: Will the Box Office Bounce-Back Help Indies?

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Studio blockbusters like 'Dune', 'No Time To Die' and 'Venom 2' dominate the box office, while independent and specialty titles struggle to draw a theatrical audience.

For the independent film industry, the re-opening of theaters worldwide has been your classic good news/bad news type situation.analyst Comscore, is that movies are back. Comscore reported that the domestic ticket revenue for October hit $638 million, making it the best month since the start of the COVID-19 pandemic.

That’s not back to the record levels seen pre-pandemic. Comscore figures show domestic box office in October 2019 hitting $789.5 million, compared with $832 million in October 2018. But it’s 12 percent up from the October 2017 figure of $569.8 million. Cinemas elsewhere, from China to the U.K. and France to Mexico, are also filling up again as coronavirus restrictions fall away and distributors start rolling out titles held back during COVID lockdowns.

 

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