Global Box Office Projected To Reach $21.6B In 2021 After Powerful October: Analysts

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Global Box Office Projected To Reach $22B In 2021 After Powerful October: Analysts

is also coming out of a strong, expanded release frame with a global total of $223.2M per Monday actuals.

Gower Street now sees worldwide ticket sales for the year repping an 80% increase on 2021 . While off 49% from 2019’s banner pre-Covid year, 2021 has narrowed the gap from a previous projection of -52%, the firm says.Oscars: Norway Submits Joachim Trier's 'The Worst Person In The World' To International Feature RaceAn estimate of $3.2B for the month of October would land its business just 4% behind the average of the three pre-pandemic years .

There have been clear gains in Asia Pacific, with the 2021 regional share expected to reach 52.2% . This is down to China, while other key APAC markets have seen a reduced market share of worldwide box office, notably including Korea which has been soft of late and Australia which is slowly coming out of lockdown. China is expected to represent nearly 34% of the global box office in 2021, compared to 28% in 2020.

The EMEA region is seen dropping from 23.1% to 21.6%. The latter figure is on par with Gower Street’s domestic projection for 2021. Latin America would rep 4.6% of the global total, the firm says.

 

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