Here’s the good news A new report from Gower Street Analytics has just dropped today. Global box office revenues poised to climb to a whopping $33 billion by 2025! This forecast, which was presented by chief analyst Thomas Beranek, is an 8% jump from the $30.5 billion projected for 2024. Strong studio releases and major independent productions promise to bring lots of energy into the film sector. This expected increase has much to do with these significant developments happening all at once.
“Our latest report confirms that the US domestic market is on track to exceed the $10 billion threshold by 2025. Or perhaps even break through that declaration! The North American market alone is expected to create nearly $9.7 billion. At the same time, foreign territories (China excluded, though it is a huge contributor as well) are projected to provide an incredibly robust $16.8 billion in box office revenue.
China is responsible for at least $6.6 billion of global box office. This has led it to be an immensely important market for film earnings. In the EMEA region—comprising Europe, the Middle East, and Africa—revenue forecasts indicate a solid performance with an expected $9.1 billion. According to experts’ estimates, the rest of Asia Pacific without China will bring in $5.3 billion. At the same time, Latin America is set to add $2.4 billion to the international total.
Dimitrios Mitsinikos, chief executive of Gower Street Analytics, said 2024 was looking up.
“2025 is set to be a strong year for the global box office, fueled by robust studio slates and independent productions. The domestic market is anticipated to approach, and potentially surpass, the $10 billion mark, edging closer to pre-pandemic norms.” – Dimitrios Mitsinikos, Gower Street Analytics CEO
During his keynote, Rob Mitchell, Director of Theatrical Insights at Gower Street, noted the staggering global box office potential of breakout films from the next few years.
“There is huge potential for global breakouts even beyond our current projections.” – Rob Mitchell, Director of Theatrical Insights at Gower Street
A new study from Gower Street Analytics speaks to the film industry’s sparkling future. Further, it is rebounding robustly from the pandemic’s impacts. With a dedicated team of analysts like Beranek and Mitchell, the firm remains focused on providing comprehensive insights into film market trends.
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