Next year could mark the first time in the post-pandemic era that global box office revenue suffers a year-over-year downturn.
According to leading analytics firm Gower Street, worldwide movie ticket sales are projected to hit an estimated $31.5 billion, a five percent dip from an estimated $33.4 billion in 2023, according to the London-based firm’s annual forecast. That compares to $25.9 billion in 2022 and $21.3 billion in 2021, or — before COVID-19 arrived — $42.3 billion in 2019.
Read Full Article »