The impact of the COVID-19 pandemic was felt for a second year at the global box office as total revenue hit around $21bn, equivalent to 50% of 2019’s benchmark year but also marking a 79.5% increase on the same total in 2020, the first and most devastating year of the pandemic.
Key results from the global cinema market in 2022, including box office, studio results, most successful movies globally, cinema content trends (spotlights on Marvel, anime, and animation), and the 2022 context for recovery.
After a harsh year of closures, the cinema business has been able to open up in 2H21 with a steady stream of major movies and increasing numbers of open cinemas. Despite continuing uncertainty, several movies have done good business and markets are getting closer to previous attendance levels, but consumer hesitancy and restrictions are still holding it back.
Consumer spend on movies will hit a record $77 billion in 2022 as cinemas return to near full capacity and the impact of COVID-19 wanes. Streaming and theatrical grows increasingly symbiotic through a number of key movie trends in 2022.
Lost box office revenue since the pandemic began has impacted cinema’s underlying finances. This will force operational changes on exhibitors in 2022, with knock-on effects on suppliers. Environmental issues will also affect the industry.
The tracker looks at data from 18 key international markets to assess the total impact of COVID-19 on total box office. The report contains a dashboard to view territories most affected in both revenue and percentage terms.
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