Going forward to 2022, Gower Street Analytics predicts that global box office will reach $33.2 billion. If the London-based firm’s forecast $21 billion in revenue for the current year is met, it would represent a 58 percent rise over 2021. (this is a slightly revised number from its October prediction for the year, in part owing to some Hollywood films not securing China dates through December). According to Gower Street, the global box office for 2021 was $19.2 billion as of December 11, up about 75% from 2020.
Sony/Spider-Man: Marvel’s No Way Home, which will be released in the latter weeks of 2021, is now available in Korea, the United Kingdom, France, Russia, Mexico, and Italy.Domestic previews begin on Thursday, with the majority of international joins occurring on Friday, resulting in a predicted global opening weekend of $290 million. The Matrix Resurrections from Warner Bros./Village Roadshow and Sing 2 from Universal/Illumination will be released in theaters next week.
The Batman and Aquaman And The Lost Kingdom from Warner Bros./DC, WB’s Fantastic Beasts: The Secrets Of Dumbledore, Disney/Doctor Marvel’s Strange In The Multiverse Of Madness, Thor: Love And Thunder, and Black Panther: Wakanda Forever from Disney/Marvel, Paramount’s Top Gun: Maverick and Mission: Impossible 7 from Universal, Universal’s Jurassic World: Dominion from Uni/Illumination,
To be sure, additional modifications to the release calendar, such as more title announcements, could have an impact on this early estimate — though the expectation is that Covid shutdowns won’t happen again.
The above list excludes local foreign-language titles — or China, which has already surpassed RMB 45 billion ($7.1 billion) this year, up 128 percent in dollar terms from 2020 but still short of 2019.
According to Gower, the industry will have to wait until at least 2023 to fully recover to pre-pandemic worldwide box office levels of over $40 billion.
In 2022, the local, Chinese, and foreign markets are all expected to improve. According to Gower Street, the most significant increase is expected in North America, which is expected to reclaim its pre-pandemic position as the world’s top box office market next year after being surpassed by China in 2020 and 2021. Given the lack of advance release information and the market’s recent reluctance to distribute blockbuster Hollywood films, China remains tough to anticipate.
