Global Box Office Now Projected To Reach $32B In 2023 – CinemaCon

Patrick Frater Asia Bureau Chief Box office headlines have lately been dominated by Hollywood movies like Universal’s “The Super Mario Bros. Movie,” which has become the first movie of the year to hit $1 billion, and Disney’s “Guardians of the Galaxy Vol 3.” But a closer look at the global box office recovery indicates that Tinseltown does not have the field to itself. In fact, international films and markets — not the United States — are driving the current global box office recovery. In some territories, local-language titles are even dominant over Hollywood releases. And the overall scale of overseas ticket sales now dwarfs that of North America by more than two to one.

Patrick Frater Asia Bureau Chief “Guardians of the Galaxy Vol. 3” made $28 million of gross box office on its opening weekend in mainland China. That was a solid result in present circumstances, rather than an overwhelming one. The film easily displaced two of the weaker Chinese titles that had been released a week earlier to take advantage of the five-day May Day holiday season. “Born to Fly,” a patriotic action adventure about Chinese test pilots, nose-dived by 75% as it fell from a $40 million first place debut to a $11.2 million third-placed second flap. Its cumulative after two weekends is $77.3 million, according to weekend data from consultancy Artisan Gateway.

Patrick Frater Asia Bureau Chief “Guardians of the Galaxy Vol. 3” gave the South Korean box office its biggest weekend of the year, with a $10.3 million start. The film played on more than 1,800 screens and enjoyed a 46% share of the overall market between Friday and Sunday, according to data supplied by Kobis, the tracking service operated by the Korean Film Council. After a year of struggle for the theatrical business in Korea, the opening by “Guardians” was twice that of “The Super Mario Bros Movie” and nearly four times bigger than the next biggest individual title debut of 2023 (“The First Slam Dunk” in the first week of January scored $2.61 million). Over its opening five days, “Guardians” managed $13.2 million, making it the seventh highest grossing film of the year at the end of its first weekend.

last month’s momentum going with strong audience reception that should allow James Gunn’s final MCU film to leg out in theaters. With $38.9 million grossed from 4,405 locations on Saturday, “Guardians Vol. 3” beat industry projections and may do so again on Sunday, possibly allowing it to get to a final weekend total closer to $120 million when actual totals are reported on Monday.

Rebecca Rubin Film and Media Reporter “Guardians of the Galaxy Vol. 3,” the conclusion to Marvel’s trilogy about an intergalactic crew of misfits, kicked off with $114 million in its domestic box office debut. Those ticket sales rank as the second-biggest opening weekend of the year, behind “The Super Mario Bros. Movie” with $146 million. Despite the towering figure, the film ever-so-slightly missed expectations of $120 million and arrived considerably behind its predecessor, 2017’s “Guardians of the Galaxy Vol. 2” with $146 million. It’s a jump on the first “Guardians of the Galaxy,” which introduced the world to Chris Pratt’s Star Lord and his friends and opened to $94 million in 2014.

Naman Ramachandran Universal’s “The Super Mario Bros. Movie” ruled the U.K. and Ireland box office collecting £3.06 million ($3.8 million) in its fourth weekend for a total of £45.7 million, per numbers from Comscore. In its second weekend, Studiocanal’s “Evil Dead Rise” earned £1.05 million in second place for a total of £3.3 million. There were a couple of strong debuts in the top five. eOne’s “The Unlikely Pilgrimage Of Harold Fry” bowed in third place with £784,698, while DG Tech’s Tamil-language magnum opus “Ponniyin Selvan: 2,” also released in the Telugu and Hindi languages, debuted in fourth position with £618,244. Rounding off the top five, in its fifth weekend, was eOne’s “Dungeons And Dragons: Honor Among Thieves” with £575,796.

Global audiences have been gaga for Baba Yaga with Lionsgate/Thunder Road Films/87 Eleven’s John Wick: Chapter 4 now having passed the $400M mark worldwide.

Patrick Frater Asia Bureau Chief “Born to Fly,” an action movie about the prowess of the Chinese air force and the bravery of its aviators, topped the China box office chart over a weekend that led into the nearly week-long May Day holiday. Data from consultancy Artisan Gateway shows the film earned $44 million (RMB279 million) between Friday and Sunday. The weekend as a whole brought in $121 million of turnstile revenue, the fourth highest weekend of the year and weaker only than the three “revenge spending” weekends that drove the Chinese New Year period in January and early February.

Patrick Frater Asia Bureau Chief “The Super Mario Bros Movie” and a local sports movie “Dream” gave the South Korean box office some bounce on their first weekend on release. Opening in Korea on Wednesday, some three weeks after the beginning of its international and North American campaigns, “Super Mario” earned $4.67 million between Friday and Sunday, according to data from Kobis, the tracking service operated by the Korean Film Council (Kofic). The film has a cumulative of $5.76 million over its opening five days, plus previews. The film’s weekend numbers are the second highest opening tally recorded by any film this year in Korea. And its weekend score represented a comfortable 40% market share.

quarterly earnings report.Imax reported quarterly revenue of $86.9 million and earnings of $5.1 million or 4 cents per share on a diluted basis and 16 cents per share on an adjusted basis. That beat Wall Street projections of $77.5 million in revenue and adjusted EPS of 15 cents per share, according to analysts surveyed by Zacks Investment Research.

Illumination/Nintendo/Universal’s The Super Mario Bros Movie has notched yet another milestone, crossing the $900M mark globally with Tuesday’s grosses included. 

Patrick Frater Asia Bureau Chief The highly-anticipated Japanese animated feature film “The First Slam Dunk” dominated the mainland China cinema box office in its opening weekend. It broke multiple records as it did so. The film scored $38.5 million (RMB266 million) over the Friday to Sunday weekend, according to data from consultancy Artisan Gateway. However, it opened on Thursday, a day earlier than is the norm in China, and has accumulated $55.2 million over the opening four-day frame. The film is based on IP that is well-known to a generation of comic book fans and TV audiences in China (early middle-aged men were reported to have been particularly interested) and has already proved a hit in other parts of Asia. (Comscore estimates that the film has grossed $211 million worldwide.)

Patrick Frater Asia Bureau Chief The South Korean cinema box office fell to its lowest level of the year over the latest weekend. Nationwide theatrical earnings in a territory which before COVID was the world’s fourth largest were barely over $6 million. “John Wick: Chapter 4” lead the weekend chart from Japanese anime “Suzume” and Korean sports drama “Rebound” in a top three repeat from a week earlier. “John Wick 4” earned $2.51 million in its second weekend of release, according to data from Kobis, the tracking service operated by the Korean Film Council (Kofic). That was a 38% week-on-week decline and represented a 41% share of the total Korean box office market. It also gave the film a cumulative total of $9.73 million since release on April 12.

In a week when distributors and exhibitors are reconvening for their annual Las Vegas meet-up, CinemaCon, and celebrating the post-pandemic resurge of the box office, the motion picture industry is bracing for a potential WGA strike.

Patrick Frater Asia Bureau Chief Global cinema box office recovered strongly in the first three months of the year, driven by the performance of “The Super Mario Bros. Movie” in many territories and a bumper Chinese New Year season in mainland China. The upbeat news was delivered on the eve of CinemaCon Las Vegas by specialist research firm Gower Street Analytics, which has now increased its forecast of the cinema industry’s full year. The firm now projects that 2023 gross revenues will reach $32 billion, a 10% increase on its earlier estimate of $29 billion. “A $32 billion global box office in 2023 would represent an approximate +23% improvement on 2022. It remains 20% behind an average of the last three pre-pandemic years (2017-2019), but it shows how post-pandemic recovery of our business continues to improve,” said Gower Street.

Refresh for latest…: Illumination/Nintendo/Universal’s The Super Mario Bros Movie continues its global domination, now with an estimated $871.8M through Sunday. Of that, $437.5M is from the international box office. The next worldwide benchmark of $900M will hit in the next days. It is only a matter of time for the Bros to get to $1B, particularly as Korea and Japan are due to release this week.

Patrick Frater Asia Bureau Chief Japanese animated film “The First Slam Dunk” has taken a strong early lead at the mainland China box office, picking up $13.8 million on its Thursday opening day. Films mostly release in China on Fridays, but the Japanese hit was given previews on Wednesday and a full court release on Thursday, starting with widespread midnight screenings. Data from local firm Ent Group reveals that the film earned $3.16 million from some 14,000 preview screenings on Wednesday, followed by $13.8 million on Thursday from 184,000 screening sessions. That gives it a $17 million cumulative and positions it at the top of the box office chart even before the conventional Friday to Sunday weekend begins.

Universal Illumination’s “The Super Mario Bros. Movie” already broke the animation record for the largest second weekend ever earned at the box office, but after a better-than-expected Sunday, that weekend total has pushed even further to $92.5 million.

Patrick Frater Asia Bureau Chief Jackie Chan-starring nostalgic stuntman comedy film “Ride On” trotted to a second weekend atop the mainland Chinese box office. “The Super Mario” Bros. Movie” remained in fourth place. “Ride On” earned $6.0 million (RMB41.5 million) between Friday and Sunday, a 48% week-on week drop, according to data from consultancy Artisan Gateway. That took it to a $22.6 million total since release on April 7. Below it, Japanese animation “Suzume” and Chinese shaggy dog story “Hachiko” swapped places. “Hachiko,” on its third weekend outing, earned $4.9 million, for a cumulative of $35.1 million. “Suzume” earned $4.5 million in its fourth weekend on release in China, giving it a $109 million cumulative.

Patrick Frater Asia Bureau Chief “John Wick: Chapter 4” easily outgunned Japanese animation film Suzume to claim top spot at the South Korean box office over the latest weekend. The American action title earned $4.05 million between Friday and Sunday, according to data from Kobis, the tracking service operated by the Korean Film Council (Kofic). That represented a nearly 50% market share, continuing a polarization or clustering around a single title that has become familiar of late in Korea, a market that formerly had greater diversity and width. Over the five days since its Wednesday opening, “John Wick 4” earned $5.87 million.