Worldwide Box Office Projected To Reach $22B In 2021: Analysts

October 26, 2021 at 3:27 PM IST
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Worldwide Box Office Projected To Reach $22B In 2021: Analysts

Mumbai, October 26 - The global box office has witnessed a sharp jump in the second half of 2021, especially from October onwards. Gower Street Analytics, which projected the worldwide box office at $20.2 billion in mid-September, has now revised its projection to be up by over $1 billion to $21.6B in 2021.





The revised global box office projection came after the solid response to October titles including MGM/Eon/Universal's James Bond "No Time To Die" ($525M), Sony/Marvel's "Venom: Let There Be Carnage" ($352M), Warner Bros/Legendary's "Dune" ($223M), and China's "The Battle At Lake Changjin" ($830M). Gower Street further anticipates potential growth and that could take the global box office to around $22B in 2021.





Gower Street's $21.6B projection for the year 2021 is up by 80% from the pandemic hit 2020 but still is 49% behind 2019's global box office tally. The latest estimates, however, narrowed the gap from a previous projection of -52%.





The box office projection for the month of October has been increased to $3.2 billion from an original estimate of $2.5 billion. This would put October business just 4% behind the average of the three pre-pandemic years (2017-2019) for the month. No previous month in 2021 has performed better than 40% behind the three-year average.





Gower Street has projected China to contribute most with a 34% projection in 2021 while, overall, Asia Pacific (APAC) is projected to contribute 52% in the global box office. Domestic (North America) is projected to contribute 22% of the worldwide box office. Europe, Middle East, and Africa (EMEA) are projected to finish with 22% while the Latin American box office is projected to contribute 5% of the total box office.





This is the final estimate Gower Street plans to publish for 2021 before actuals are announced in early January.





Stay tuned...



Published on October 26, 2021 at 9:57 AM

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