Click here to read the full article.The global cinema box office continues its slow but steady rise out of the Covid-19 pandemic.With the year nearly done, box office analysis firm Gower Street is forecasting worldwide theatrical revenues will hit 25.8 billion in 2022 (by Gower Street’s calculations, the total take as of Dec.
10 was 23.6 billion), a 21 percent jump over last year, thanks to the success of Top Gun: Maverick and Black Panther: Wakanda Forever, among other titles, in drawing fans back to cinemas.For 2023, Gower Street is forecasting another double-digit bump and expects total global box office to land at around 29 billion, or 12 percent up from this year.The results are still far below the high-water mark seen before the Covid-19 pandemic shut down theaters worldwide.
In the last pre-pandemic year, 2019, global box office hit an all-time high of 42.3 billion.
At current exchange rates, Gower Street’s 2023 forecast is
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