It is a blockbuster morning as far as the Producers Guild of America is concerned as it revealed film and TV nominations Thursday for its 34th annual PGA Awards.
31.12.2022 - 03:27 / deadline.com
The motion picture industry remains in a state of rehabilitation.
Just look at the majors’ domestic box office alone.
Back in 2019, four studios grossed over a billion apiece with Disney alone with Fox reaping $4.28 billion. This year only three studios grossed in excess of a billion.
And while we do get down to the nitty gritty, they should all be graded on a curve. Audiences, especially adults, aren’t back on a consistent basis. The August to mid-October period was absent of any tentpoles due to the pandemic’s logjam of titles in post-production. Realize 2022 was suppose to get big movies like Spider-Man: Across the Spider-verse, Mission: Impossible: Dead Reckoning Part 1, The Flash and Aquaman: The Lost Kingdom to name a few. All of those moved into 2023. If anything flopped it was due to discerning audiences who chose between going to the cinema or watching streaming at home.
The below calculations are Deadline’s and off early Comscore data and for the period of Jan. 1-Dec. 30. We’ll have more updates in the New Year as the studios make their numbers official. Overall 2022 is expected to clear $7.4 billion per Comscore, +72% over 2021.
Let’s get into it:
Disney
2022 Domestic Box Office: $1.93 billion (26% market share) across Disney, 20th Century Studios and Searchlight theatrical releases, +65% over 2021. 20th Century Studios and Searchlight did $600M for the year, Disney alone made $1.3 billion. Six No. 1 debuts in Doctor Strange in the Multiverse of Madness ($187.4M), Thor: Love & Thunder ($144.1M), Black Panther: Wakanda Forever ($181.3M), Avatar: The Way of Water ($134.1M), Death on the Nile ($12.9M) and Barbarian ($10M).
What They Did: They continue to be envied around town, and still dominate because of
It is a blockbuster morning as far as the Producers Guild of America is concerned as it revealed film and TV nominations Thursday for its 34th annual PGA Awards.
James Cameron’s Avatar: The Way of Water will reign supreme in its fifth weekend over the four-day MLK holiday frame with an estimated take around $35M.
Japanese studio Toei announced today that its total box office revenue reached a record Yen32.56BN (US$246.6M) for the calendar year 2022, partly thanks to the strong performances of anime blockbusters One Piece Film Red and The First Slam Dunk.
A flying ace, rampaging dinosaurs, Marvel, DC, Minions and battling blue aliens on a distant planet were among the highlights of 2022 for the Hollywood studios at the global and international box office. Still, it was yet another year of transition, with worldwide grosses reaching an estimated $26B — a 27% increase on 2021 but 35% off the pre-pandemic three-year average, according to Gower Street Analytics. The upward trajectory also occurred overseas as some markets came back strongly, while others struggled and exchange rates went wild.
Global box office for 2022 reached nearly $26B, a 27% gain on the previous year, according to Gower Street Analytics. Of the estimated $25.9B total, the international box office represents $18.4B, a 16% increase on last year at current exchange rates, the total being dragged down by China. Stripping out that market, overseas is estimated at $14.1B for a 55% hike on 2021. Domestic was up 65% to $7.5B for a 65% increase, per Gower’s partners at comScore.
Hong Kong’s box office managed to stage a partial recovery in the second half of 2022, despite cinemas being closed for nearly four months earlier in the year, due to US titles including Top Gun: Maverick and Avatar: The Way Of Water and a strong line-up of local movies.
No surprise here: Walt Disney is the No. 1 studio at the box office, not just worldwide with $4.9 billion, but also domestic with $2 billion and overseas with $2.9 billion. This comes after an initial New Year’s weekend which saw Avatar: The Way of Water overperforming, that pic contributing close to $1 billion abroad. It’s the 7th consecutive year that Disney ahs been No. 1 at the global box office, from 2016-2022.
Before the release of “Avatar: The Way of Water,” James Cameron made a lot of headlines after declaring his new film would need to be one of the Top 5 highest-grossing films of all time just to break even. Many took that quote and extrapolated that Cameron wanted ‘The Way of Water’ to hit $2 billion to become profitable during its theatrical run.
French cinemas amassed nearly 152 million admissions in 2022, new data from the National Cinema Center (CNC) shows. That’s an estimated 26.9% off the pre-pandemic three-year average (2017-2019), and an estimated 59.2% hike on 2021 which endured 138 days of movie theater closures. France reports its box office in terms of admissions, however, the total for the year is expected to exceed $1 billion.
China’s box office in 2022 dropped 36% versus 2021, reaching approximately RMB 30B ($4.35B). According to China.org, citing figures from the China Film Administration, 85% of the 2022 revenue was generated by local movies, led by The Battle at Lake Changjin II with RMB 4.07B ($636M at historical rates, per comScore). This past weekend, James Cameron’s Avatar: The Way of Water became the highest-grossing studio import of the year, overtaking Jurassic World Dominion with an estimated $152.8M through Sunday.
SUNDAY AM, NEW YEAR’S DAY: Refresh for more analysis and chart While New Year’s Eve is typically a better moviegoing day than Christmas Eve, business was still down yesterday at -27% from Friday for all movies. That’s a similar decline to last weekend’s Friday-to-Christmas Eve (-26%), however New Year’s Eve made more than Christmas Eve, $27.9M to $22.2M. Moviegoing is expected to be +19% on New Year’s Day, and there will be an extra cushion in Monday, Jan. 2 as many typically have off in honor of the Sunday holiday. Per our sources, weather wasn’t an issue this weekend.
It was another $20M day for James Cameron’s Avatar: The Way of Water, so big that it was the biggest regular box office Thursday of the year after the sequel’s Dec. 22 take of $14.6M and Top Gun: Maverick‘s June 2 gross. The movie’s running total is $358M stateside with a 3-day expected to be around $50M and will cross the $400M threshold on New Year’s Day per box office sources. New Year’s Eve Saturday isn’t expected to be as depressed as Christmas Eve was a week ago.
After earning the highest grossing Tuesday of 2022 with $24.1M, 20th Century Studios/Disney/Lightstorm’s Avatar: The Way of Water also notched the best Wednesday of the year yesterday with $20.4M beating Top Gun: Maverick‘s June 1 take of $14.8M, and Avatar 2‘s first Wednesday of $14.4M. At a running total of $337.9M through 13 days, the James Cameron directed, Jon Landau produced sequel is pacing 1% ahead of Top Gun: Maverick at the same point in time.
When it was originally announced, Damien Chazelle’s “Babylon” seemed like a no-brainer, Oscar favorite. An epic tale of Old Hollywood, written and directed by the filmmaker behind “Whiplash,” “La La Land,” and “First Man.” That’s such an easy sell.
Any cynicism about a broken down Christmas box office, impacted by weather, was wiped away Tuesday as 20th Century Studios/Disney/Lightstorm’s Avatar: The Way of Water racked up $23.8M sending its domestic cume to $317.1M. In addition, the sequel flew past the $1 billion mark at the worldwide box office. Director James Cameron has told the media that the breakeven point for Avatar: The Way of Water stands at $2 billion global mark.
The aftermath of Covid’s 2020-21 closure of cinemas will continue to be felt in 2023 as the domestic box office claws its way back to what many sources believe is an $8 billion-$9 billion result.
Never bet against James Cameron, they said. And while “Avatar: The Way Of Water” got off to somewhat of a slow box office start—or at least it fell under some of the early projections which made pundits quickly skeptical of its chances—the Cameron maxim seems to be coming true.
When it was originally announced, Damien Chazelle’s “Babylon” seemed like a no-brainer, Oscar favorite. An epic tale of Old Hollywood, written and directed by the filmmaker behind “Whiplash,” “La La Land,” and “First Man.” That’s such an easy sell.