Will the U.S. box office reach $9 billion in 2023?Analysts**, or at least hopefully, that's the end result of total U.S. revenue. There will be at least 8 new films released in the next 14 days, which could help theaters surpass this mouthwatering number by the end of the year.
But with two strikes battering businesses that haven't recovered from the pandemic over the course of 12 months, Hollywood may struggle to find happiness again.
According to ComScore, as of Dec. 17, the U.S. box office has reached 85$800 million. That's about $9 billion, a difference of about 4$1.6 billion. Regardless of the box office receipts, this year has already been the highest-grossing year since the pandemic upended the cinema industry – well above the 74 in 2022$600 million and $45. in 2021$600 million. But compared to pre-pandemic levels, box office receipts at the time easily reached $10 billion to $11 billion a year. Part of the reason for the decline is that Hollywood studios are showing fewer movies in theaters. 88 films will be released in 2023, compared to 108 in 2019, and the box office revenue reached $10.5 billion.
In addition, Neon's racing drama "Ferrari", director George Clooney's "The Boy on the Boat" and the literary satire "America**" will also be brought to the big screen before the clock strikes midnight on Chinese New Year's Eve. Iron Claw and A24's sports drama Aquaman and the Lost Kingdom, DC Comics sequel Purple
Paul Dergarabedian, senior analyst at Comscore, said: "[These] films are under tremendous pressure to get our domestic box office to $9 billion a year. ”
In recent years, a blockbuster film – 2022's Avatar: The Way of Water and Spider-Man: No Way Home – has completely dominated the Christmas box office. But this time, Degara Bediane added, "the wealth will be spread across several films." ”
But the problem is, theater owners don't expect to end the year with a blockbuster production that grosses $1 billion. Even if the films released as planned are successful at the box office, they are not expected to reach the box office receipts generated over the past two holidays.
Theater owners believe that a certain holiday of the week may be beneficial or detrimental to going to the movies. This year, they weren't too excited about Christmas and Chinese New Year's Eve on Sunday. If Thursday or Friday were a Thursday or Friday, attendance (and popcorn sales) would be better.
"In some years, another 4$1.7 billion in book revenue is a no-brainer. But this year's shoot was more of a garbage shoot, with some unique variables. ”