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Apr 24, 2024 · Overall, only one studio unit among Hollywood conglomerates posted profit growth for the calendar year 2023 amid fast-paced change and disruption in the industry. By Georg Szalai Plus Icon
Jun 1, 2023 · State of the Film Business in 2023: A Special Report. By Kaare Eriksen. MICHAEL STARBUCK/VIP+. In this article. Hard numbers on the box office and its biggest players that reveal trends across...
- Kaare Eriksen
- Disney. Highs: “Guardians of the Galaxy Vol. 3” ($845 million), “The Little Mermaid” ($569 million), “Elemental” ($496 million) Lows: “The Marvels” ($204 million), “Indiana Jones and the Dial of Destiny” ($383 million), “Wish” ($126 million)
- Paramount. Highs: “Scream VI” ($169 million), “PAW Patrol: The Mighty Movie” ($197 million), “Teenage Mutant Ninja Turtles: Mutant Mayhem” ($180 million), “Killers of the Flower Moon” ($156 million)
- Sony. Highs: “Spider-Man: Across the Spider-Verse” ($690 million), “Equalizer 3” ($190 million), “Napoleon” ($200 million) Lows: “Dumb Money” ($20 million), “65” ($60 million)
- Universal. Highs: “The Super Mario Bros. Movie” ($1.36 billion), “Oppenheimer” ($951 million), “Five Nights at Freddy’s” ($289 million), “M3GAN” ($180 million)
Sep 25, 2023 · 2023 has been a landmark year for film and television, notable for its revival of in-theater audiences, a dual Hollywood strike for the first time in over 60 years, and fundamental changes in how content is distributed.
- How to Reverse A 30% Decline at The Global Box Office
- The Growth of Saudi Arabia
- Don’T Count Out China
- Changing Priorities For The Us Streamers…
- …As They Face Greater Legislation in Europe
- The Emergence of The International Mega-Players
- Indie Producers Facing Another Difficult Year
- Women to Keep on Talking
- The Rise and Rise of K-Content
The global box office is forecast to reach $29bn this year, up 12% on 2022. That may seem welcome news for cinemas but is not where they want to be. In the three most-recent pre-pandemic years of 2017-2019, the global total averaged $41.7bn, and the $29bn estimate for 2022 is a troubling 30% below that number. One challenge is China, which averaged...
Saudi Arabia is the only country where box office has more than doubled since the Covid-19 pandemic and box office revenues are predicted to surpass $1bn by 2030, placing it in the top 20 of global cinema markets. Cinemas are rapidly being built to meet the demand from a growing young audience that is becoming increasingly exposed to global cinema ...
Both the Chinese industry and Hollywood studios heaved a sigh of relief with the arrival of Avatar: The Way Of Waterwhich grossed $14.3m (RMB100m) on its opening day on December 16. It was the first film to cross the RMB100m mark since the National Day holiday week on October 7 and delivered a much-needed final push to the under-performing Chinese ...
This time last year, the high-spend model was revered as an evergreen business. Now the talk is about bottom linefollowing a chastening 2022 triggered by Netflix’s first net subscriber loss in over a decade, staff layoffs and that bruising 60% stock plunge. Will Universal Pictures owner Comcast snap up the now much more affordable house that Reed H...
European governments are looking to bring the European Audiovisual Media Service (EAMS) directive into law and the US streamers are finding themselves increasingly subject to either levies or investment obligations. EAMS requires VoD services to have at least 30% of European works in their catalogues, but it’s up to each EU country to determine how...
Corporate acquisitions a go-go by the likes of Fremantle (Element Pictures, 72 Films, Lux Vide, Wildstar), Banijay (Beyond, Mam Tor), Mediawan (Plan B), The North Road (Kinetic Content), Mubi (The Match Factory), Cohen Media Group(Hanway Films) and Candle Media (Faraway Road) has meant film and TV sector consolidation has not been limited to the US...
Everything is hard for independent film producers right now. Demand for crews and talent shows no sign of slowing in the big territories, particularly the UK, keeping prices high and shooting space at a premium. Increased energy costs, high inflation figures and the ongoing complexities of the fall-out from Brexit in Europe are adding to spiralling...
After Sian Heder and Jane Campion triumphed at the Oscars in 2022, progress in Hollywood seemed tangible. This year’s awards race, however, may be a different story. The Golden Globe nominations saw not a single woman nominated in best picture or best director, with only Sarah Polley picking up a screenplay nod forWomen Talking. It is a similar sto...
Audience tastes are becoming ever more diverse and international and that can only be a good thing. Netflix says more than 60% of its global subscribers watched Korean titles in 2022 and K-content made its weekly top 10 in more than 90 countries. Korean films and series have long had their followings and niche fandoms, but Bong Joon Ho’s Parasite b...
Dec 28, 2023 · While 2023 proved tumultuous for a movie industry grappling with striking actors and writers, the existential threat of A.I. and shrinking box office for once sure-thing blockbusters, it turned out to be a very good year for moviegoers, who were treated to socially observant megahits ( Barbie ), challenging, adult-level entertainments ( Oppenhei...
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Dec 27, 2023 · The industry is still trying to regain its pre-pandemic footing, when ticket sales regularly surpassed $11 billion. Output of wide-releases in 2023 (88) still trailed those in 2019 (108) by 18.5%. Hollywood is still coaxing moviegoers back to theaters — something “Barbie,” “Oppenheimer” and “Mario” went a long way to helping.
