At the end of August this year, the global box office surpassed the কো 12 billion total of কো 12 billion by the end of August. It is now forecast to reach .2 20.2 billion by 2021, according to analyst firm Guar Street Analytics.
The good news is that it will represent a 68% rebound compared to last year. Two news stories are still% 2 in total. billion will be 52% below the billion dollar record and pre1. Less than half of the billion-dollar average in the three pre-epidemic years (2017-19).
Govar Street uses a mix of actual year-to-date data and box office forecasts from the actual area. These are derived from its forecasting services and the region’s currently known release calendars.
So far in 2021, the total box office from all international regions except China is 22 5.22 billion, which exceeds the 5. 5.13 billion recorded in China as of September 11, 2021. .
Govar Street predicts that by the end of the year the international total will reach 9.1 billion, including $ 4.3 billion from Europe, the Middle East and Africa, $ 3.85 billion from Asia Pacific (formerly China) and $ 900 million from Latin America. The agency predicts that China will end the year at 6. 6.6 billion and North America at 4. 4.5 billion.
If those forecasts are good, China will be the second largest box office market and the second largest in the European region. Epidemics and other political situations, however, have made China’s box office market more insular and increasingly difficult for Hollywood to do business.
Govor Street says the last four months of 2020 have generated about 4. 4.4 billion worldwide, despite the closure of a significant portion of the global exhibition sector. At the beginning of September 2020, 755% cinema halls were operating on the basis of market share. Towards the end of the year it dropped to 56% as the government responded to the second and third wave of the virus by shutting down social distance systems and forced cinema.
One year later, as of September 11, 2021, 88% of cinema halls worldwide are operating, according to pre-epidemic market share measurements. This is equivalent to the peak of the last epidemic-era which was last recorded on July 31, 2021.