2024 Global Box Office Projection Revised Upwards By Analysts On Eve Of CinemaCon

Patrick Frater Asia Bureau Chief Asian TV channels operator Celestial Tiger Entertainment and myTV SUPER, the OTT platform of Hong Kong’s Television Broadcasts Limited (TVB) are to launch PopC, a movie channel dedicated to Chinese online films, with content supplied by mainland China streamer iQiyi. It launches in Hong Kong from May 1. “The idea of PopC first came about when we saw the amount of great, high quality movies that were being produced for the online space in China.

It’s been a long time coming.

Refresh for latest…: For the fourth weekend in a row, Warner Bros/Legendary Entertainment’s Godzilla x Kong: The New Empire was the top studio movie at the global and international box office. While it’s true there have not been a whole lot of wide releases on a worldwide level since the start of the year, it’s heartening to see continued play for the big titles. 

remained the top film in theaters in its second week of release, according to studio estimates Sunday.The A24 election-year gamble, the indie studio’s biggest budgeted film yet, took in $11.1 million in ticket sales at 3,929 theaters over the weekend.The $50 million film, set in a near-future US in which Texas and California have joined in rebellion against a fascist president, has grossed $44.9 million in two weeks.Its provocative premise – and A24’s marketing, which included images of US cities ravaged by war – helped keep “Civil War” top of mind for moviegoers.But it was a painfully slow weekend in theaters – the kind sure to add to concern over what’s thus far been a down year for Hollywood at the box office.Year-to-date ticket sales are down almost 20% compared to last year, according to Comscore.Going into the weekend, Universal Pictures’ “Abigail,” a critically acclaimed R-rated horror film about the daughter of Dracula, had been expected to lead ticket sales.It came in second with $10.2 million in 3,384 theaters.That was still a fair result for a film that cost a modest $28 million to make.

Rebecca Rubin Senior Film and Media Reporter Box office sands continue to flow for “Dune: Part Two,” which is nearing $700 million worldwide. Director Denis Villeneuve’s sci-fi epic has grossed $276 million in North America and $419 million overseas, bringing its global tally to $695.8 million after eight weeks of release. It’s an impressive benchmark in post-COVID times; only five movies in 2023, eight in 2022 and five in 2021 managed to cross the $700 million mark.

J. Kim Murphy It’s a close contest at the domestic box office, with the opening day gross of Universal’s ballerina vampire film “Abigail” leading Lionsgate’s fellow new release “The Ministry of Ungentlemanly Warfare” and the second frame of A24’s dystopian thriller “Civil War.” “Abigail” earned $4 million from 3,384 theaters across its opening day and preview screenings, making it the top performer of the weekend so far.

Variety reported.In second place was Guy Ritchie’s “The Ministry of Ungentlemanly Warfare,” which saw $3.7 million in sales in its debut. The Post said the director “chooses fun over facts” in the fictionalized World War II story.

With spring break simmering to 8% K-12 on break, and 1% colleges off, it’s hodgepodge at the weekend box office until 20th Century Studios’ Kingdom of the Planet of the Apes arrives to a $50M+ opening during the second weekend of May.

Refresh for latest…: As it crossed the $1B international box office milestone this past weekend, Warner Bros again owned the frame with Godzilla x Kong: The New Empire and its third session haul of $33.7M from 71 markets. That was good for a 47% drop from the previous weekend and lifts the overseas cume to $278.6M and global to $436.6M. Meanwhile, WB and Legendary’s other major title in the marketplace, Dune: Part Two, now has a shot at getting to $700M worldwide.

Alex Garland’s provocative “Civil War” didn’t only ignite the discourse.The film also inspired audiences to go to the cinemas this weekend where it surpassed expectations and earned $25.7 million in ticket sales in North America, according to studio estimates Sunday.It’s the biggest R-rated opening of the year to date and a record for A24, the studio behind films like “Everything Everywhere All At Once” and “The Iron Claw.”“Civil War” also unseated “Godzilla x Kong” from its perch atop the box office. The titan movie from Warner Bros.

Led by Dune: Part Two and Godzilla x Kong: The New Empire, Warner Bros has crossed the $1B mark at the international box office, becoming the first studio to reach the milestone this year. Getting there in just 15 weeks, this also sets a new speed record for WB, besting the 17 weeks it took in 2018. The full international estimate through today is $1.04B.

according to Box Office Mojo.The impressive premiere puts it on track for a debut of around $26 million, Variety reported.The $50 million film, from director Alex Garland, follows a team of military-embedded journalists racing against time to reach Washington, D.C. before rebel factions descend upon the White House.Starring Kirsten Dunst, Cailee Spaeny, Nick Offerman and Jesse Plemons, the thriller has been dubbed a “a terrifying premonition of American collapse,” though critics say its political message was “muddled.”The Post’s Johnny Oleksinski went as far as to call it “a torturous, overrated movie without a point,” bashing its script as lousy and the acting as monotonous.Behind “Civil War” was “Godzilla x Kong: The New Empire,” which topped the charts when it premiered two weeks ago.

AMC CEO Adam Aron continued to pour cold water on any notion that his No. 1 circuit is headed for Chapter 11.

Australian filmmaker George Miller, whose origins story Furiosa will world premiere at the Cannes Film Festival next month before Warner Bros begins its global rollout May 22, says he’s still making Mad Max movies “because they’re very addictive.”

The global box office saw some encouraging rebound in 2023, and is off to a better than expected start in the first quarter of this year, but there’s been concern about a downward trend in per capita admissions, and not just because of the strikes’ disruption to the Hollywood theatrical pipeline, but audiences’ moviegoing tendencies have changed coming out of Covid. How to solve?

Patrick Frater Asia Bureau Chief “Snow in Midsummer,” which quietly probes the 1969 massacre of Malaysian Chinese during post-election turmoil, was named the winner of the best film for young cinema competition (Chinese-language) at the Hong Kong International Film Festival. Liang Ming was named best director for “Carefree Days,” while the film’s female lead Lyu Xingchen collected the best actress award.

“Godzilla x Kong: The New Empire” easily swatted away a pair of challengers to hold on to the top spot at the box office for the second week in a row, according to studio estimates Sunday.After its above-expectations $80 million launch last weekend, the MonsterVerse mashup brought in $31.7 million over its second weekend, a 60% drop from its debut.The Warner Bros. and Legendary Pictures release, directed by Adam Wingard, has thus far outperformed any of the studio’s recent monster films except for 2014’s “Godzilla.”But with $361.1 million worldwide in two weeks, “Godzilla x Kong” could ultimately leapfrog the $529 million global haul of 2014’s “Godzilla.”The latest installment, in which Godzilla and Kong team up, cost about $135 million to produce.“Godzilla x Kong” extended its box-office reign as another primate-themed movie arrived in theaters.

Thank God — with hits like Dune: Part Two, Godzilla x Kong: The New Empire and Kung Fu Panda 4, the domestic box office may finally be shaking off the ashes from the double strikes, now counting close to $1.8 billion, with moviegoing gaining momentum.

Refresh for latest…: A busy holdover weekend for wide studio releases was led by the trio of Godzilla x Kong: The New Empire, Kung Fu Panda 4 and Dune: Part Two. And, in a soaring performance, Hayao Miyazaki’s Oscar winner The Boy and the Heron swooped into China helping the market set a new Qingming holiday record. 

Patrick Frater Asia Bureau Chief Worldwide box office is headed for a marginal decline of 3% in 2024, a setback that follows three years of recovery from a pandemic era low in 2020. Gower Street Analytics, a distribution and exhibition industry consultancy, forecasts that worldwide box office this year will aggregate at $32.3 billion, down by more than $1 billion from the $33.9 billion earned in 2023. “A $32.3 billion global box office in 2024 would represent an approximate 5% decrease year-on-year (a 3% decrease at current exchange rates) from 2023. The 2024 revised estimate is 18% lower than an average of the last three pre-pandemic years (2017-2019),” Gower Street said. The forecast comes on the eve of CinemaCon, the annual National Association of Theater Owners convention, being held in Las Vegas April 8-11. While Gower Street’s forecast is for a marginal decline, it actually represents a more than $1 billion improvement on its previous $31.5 million forecast for 2024.