2024 Global Box Office Projected To See 5% Downturn Versus 2023 – Analysts

Timothée Chalamet and “Wonka” topped the box office charts for the third time in its four weekends in theaters.Warner Bros.’ family-oriented musical added $14.4 million in ticket sales according to studio estimates Sunday, bringing its total domestic grosses to $164.7 million.“’Wonka’ is following in the tradition of a film like ‘The Greatest Showman,’” said Paul Dergarabedian, the senior media analyst for Comscore. That Hugh Jackman musical opened under $9 million in Dec.

according to IMDB’s Box Office Mojo.Deadline said the film, which stars Wyatt Russell and Kerry Condon and centers around a family’s discovery that their pool is haunted, “falls off the deep end.”“Wonka” moved down a notch to second place, where it enjoyed sales of $4.3 million. This week, the Timothee Chalamet-led musical fantasy set a milestone, reaching $400 million in worldwide sales, Screenrant reported.

AMC Entertainment stock fell 2% today and dropped 15% this week to establish a new all-time, split-adjusted low of $5.17.

Naman Ramachandran The U.K. and Ireland box office revenue improved 8.3% from £980.5 million ($1.25 billion) in 2022 to £1.06 billion ($1.35 billion) in 2023, according to numbers released by Comscore. However, the number was 23.5% below the 2019 pre-pandemic total of £1.35 billion ($1.72 billion).

NME recently supported the Featured Artist Coalition’s 2023 End of Year Party and AGM at Walthamstow’s Signature Brew in London. Following on from 2021 and 2022, NME returned to support the event as well as chairing an artist-led ‘Year in Music’ panel discussion featuring Murray Matravers of the band formerly known as Easy Life, Sam Duckworth of Get Cape.

Global box office is estimated to have reached $33.9B for 2023, a 30.5% gain on 2022, according to Gower Street Analytics. While this represents continuing worldwide recovery, the figure remains 15% behind the average of the last three pre-pandemic years (2017-2019). Gower Street also recently estimated that, due in part to this year’s strike-impacted release calendar, 2024 is projected to drop to $31.5 billion, which, given today’s revised estimate for last year, would come in at 7% below 2023. 

Patrick Frater Asia Bureau Chief Hong Kong saw “A Guilty Conscience” become the highest-grossing film of all time at its local box office. But the wider cinema market in Hong Kong remained stuck far below pre-pandemic levels. Data from Hong Kong Box Office Limited, a joint venture between Motion Picture Industry Association (MPIA) and the Hong Kong Theatres Association, showed annual cinema revenue of HK$1.43 billion ($184 million) in 2023. That was a 25% improvement on 2022, when the industry was battered by on-off closures due to government COVID-control measures, and managed only HK$1.14 billion ($146 million).

Brent Lang Executive Editor “Wonka,” a musical fantasy that has been the biggest hit of the holiday season, topped the box office on New Year’s Eve, closing 2023 on a sweet note. The film, which stars Timothée Chalamet as a more youthful Willy Wonka, grossed $22.7 million for the weekend and a projected $29.5 million for the four-day holiday. That brings the domestic gross to $140.2 million, a strong result for the $125 million production.

MONDAY AM writethru: Yes, Virginia, there is a Santa Claus, and he’s delivering the motion picture industry a $9 billion-plus year at the domestic box office, a feat many thought was unimaginable with the lack of a mega-tentpole over the holiday, coupled by a Q4 impacted by the double strikes. The numbers were compiled from Comscore data and Deadline calculations. Comscore called 2023 at $9.03 billion yesterday.

Rebecca Rubin Film and Media Reporter “Aquaman and the Lost City” is quickly sinking at the box office. The comic book adventure, starring Jason Momoa as the King of Atlantis, was positioned on the calendar as the de facto blockbuster of the holiday season. But, so far, the follow-up to 2018’s megahit “Aquaman” has failed to recapture the spark of the original.

according to IMDB’s Box Office Mojo.“Wonka” also surpassed the $100 million earning mark domestically this week, as per Variety. Last week, the Timothee Chalamet-led musical fantasy had been dethroned by “Aquaman and the Lost Kingdom,” which is now in second place with $6.75 million in earnings.

SATURDAY AM: Refresh for updates Yes, Virginia, there is a Santa Claus and he’s delivering the motion picture industry a $9 billion-plus year at the domestic box office; a feat many thought was unimaginable with the lack of a mega-tentpole over the holiday with a Q4 impacted by the double strikes. But it was a diversified crop of family and adult films which got us there including the Warner Bros.’ trifecta of Wonka (which is leading the 4-day New Year’s Box Office with $33M), Aquaman and the Lost Kingdom (4-day $26M) and The Color Purple ($16.2M 4-day); as well as adult movies like The Boys in the Boat ($11.6M 4-day) and even YA romantic comedy, Anyone But You ($11.3M 4-day). As we told you last week, 2024 is bound to shed about $1 billion for an $8 billion take due to a lower inventory of wide releases and Q1 sans several tentpoles.

There will be blood at the box office in 2024.

Ridley Scott’s Napoleon has crossed the $200M mark globally, getting to the milestone with Tuesday’s numbers included. The worldwide tally for the biographical epic is $200.7M, of which $141.1M is from the international box office. Through yesterday, the domestic cume is $59.6M.

Warner Bros. comedy “Barbie” capping off 2023 as the highest-grossing movie ($1.44 billion) and Universal‘s historical biopic “Oppenheimer” as the third-biggest hit (a staggering $951 million). Studios were (finally!) rewarded for bucking the overly familiar and embracing the new and novel.

led a crowd of new releases at the box office on the weekend before Christmas Monday. The DC and Warner Bros.

Rebecca Rubin Film and Media Reporter “Aquaman and the Lost Kingdom” opened to $80 million at the international box office, which isn’t all that super considering those ticket sales are on par with eventual big-budget superhero disappointments like “The Flash,” “The Marvels” and “Ant-Man and the Wasp: Quantumania.” The comic book sequel, starring Jason Momoa as the king of Atlantis and directed by James Wan, has generated $120 million globally to start, including a weak $40 million in North America. The Warner Bros.

Warner Bros/DC’s Aquaman and the Lost Kingdom began offshore rollout on Wednesday, and with numbers through Friday included has grossed $40.9M in 73 international box office markets. This portends a full overseas opening in the $70M range. With domestic’s three- and four-day, the global start will top $100M.

Good afternoon Insiders, Max Goldbart here leading you into the Christmas break with your final dash of news and analysis of the year. It’s been a blast. Thank you to regular readers for taking time out your busy schedules to give this a good ol’ glance every week. As our counterparts across the pond like to say, we appreciate you. We’ll be back in 2024 with plenty more.

Are those untitled feature dates real on the 2024 theatrical release calendar? Yes, they are with Universal dating DreamWorks Animation‘s The Wild Robot for Sept. 20, 2024.