Gower Street Analytics is predicting the global box office to reach $20.2 billion in 2021. The London-based global film tech company, which specialises in predictive box office for the distribution and exhibition sectors via its FORECAST service, calculated the end-of-year estimate following its assessment that global box office had matched year-end 2020 results by the close of August in 2021.
Global box office for 2021 stood at $12 billion as of August 31, according to Gower Street’s global Box Office Tracker. This equaled the year-end result for 2020 ($12bn according to the MPAA’s Theme Report 2020). The 2021 result stood 58% ahead of 2020 ($7.61bn) at the same stage, but 58% behind the average of the last three pre- pandemic years (2017-2019) at the end of August.
As of September 11, Gower Street estimates International box office (excluding China) to stand at $5.22 billion. Domestic box office stands at $2.31 billion and China at $5.13 billion. This past weekend marked the first time in 2021 that theInternational box office number has exceeded that of China.
Gower Street currently estimates that the International box office (excluding China) will finish at approximately $9.05 billion. This will be made up of $4.3 billion from Europe, Middle East and Africa (EMEA), $3.85 billion from Asia Pacific (excluding China), and $900 million from Latin America. Predicted totals for the Domestic and China markets, as well as how they and the International prediction differ from the three-year average, are shown in the graphic above.
The final four months of 2020 generated approximately $4.4 billion globally despite significant portions of the global exhibition sector being closed. At the start of September 2020, 75% of movie theaters by market share were operating. This had fallen to 56% by the close of the year. As of September 11 2021, just under 88% of global cinemas, as measured by pre-pandemic market share, are operating – equaling the pandemic-era peak last recorded on July 31.
If Gower Street’s 2021 full-year projection holds, it will see the current year finish 52% down against 2019 and 68% ahead of 2020. In 2019 the global box office hit a record $42.3 billion (Source: MPAA Theme Report 2020).
Gower Street’s new year-end calculation combines global box office actuals, provided by our partners at Comscore Movies, with monthly forward-projections by market based on our predictive box office service FORECAST and analyst assessment. All projection figures are based on the current release calendar.
Revised global and regional year-end estimates for 2021 will be announced each month.
For more information contact:
Rob Mitchell, Director of Theatrical Insights, Gower Street Analytics, [email protected]
About Gower Street Analytics Ltd:
Gower Street Analytics is a leading global film tech company founded in 2015. Partnered with Comscore, Gower Street enables the film industry to best utilize global theatrical market data to maximize business potential through its proprietary Forecast system.