Taking an early look at 2022, Gower Street Analytics is projecting global box office to reach $33.2B next year. That would rep a 58% increase on 2021 if the current year stays on track for the Lond…
next year. That would rep a 58% increase on 2021 if the current year stays on track for the London-based firm’s projected approximate $21B . Gower Street estimates 2021 worldwide box office stood at $19.2B as of December 11, repping a roughly 75% increase on 2020.
Gower suggests the industry will need to wait at least until 2023 to see a full return to pre-pandemic global box office levels of over $40B. The domestic, Chinese and international markets are all poised for improvement in 2022. However, says Gower Street, the most notable gain is expected to be in North America. Currently projected to hit $9.2B in 2022, up from an estimated $4.4B in 2021, that would see it move back up to its pre-pandemic position as the No. 1 global box office market, having been overtaken by China in both 2020 and 2021 — presuming the PRC comes in at the firm’s $8.2B 2022 forecast.
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