Report Sees Positive Signs in Global Box Office Numbers

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Wed, 03/09/2022 - 11:32 -- Nick Dager

The London-based analytics firm Gower Street is reporting continued box office success at movie theatres across the 30 markets that it tracks. Typical was Germany, which saw business up seven percent week-on-week. That was largely a result of the major local hit Wundershon, directed by actress Karoline Herfurth. The film claimed $2.8 million including previews. It was the biggest opening for a local title, and the first to deliver a four-day weekend of more than €2 million, since before the pandemic.

The London-based analytics firm Gower Street is reporting continued box office success at movie theatres across the 30 markets that it tracks. Typical was Germany, which saw business up seven percent week-on-week. That was largely a result of the major local hit Wundershon, directed by actress Karoline Herfurth. The film claimed $2.8 million including previews. It was the biggest opening for a local title, and the first to deliver a four-day weekend of more than €2 million, since before the pandemic.The US Domestic market enjoyed a 71 percent week-on-week increase, led by a $23.5 million opening for Jackass Forever. While Roland Emmerich’s big budget independent MOONFALL disappointed in the US ($10 million at number two), it scored number one openings in a number of international markets, including Russia, Spain, UAE, Malaysia, Mexico, Brazil, Colombia, Panama, and Peru. In total it took $9.55 million from 45 international markets. Meanwhile

Other markets recording week-on-week gains included: Malaysia (+166 percent), Singapore (+82 percent), Macau (+74 percent), New Zealand (+52 percent), Russia (+23 percent), Panama (+22 percent), Argentina and Peru (both +21 percent), France (+13 percent), Mexico (+12 percent), Taiwan (+10 percent), Portugal and Ecuador (both +9 percent), Australia (+6 percent), Colombia (+4 percent), and Chile and the Netherlands (both +1 percent). There were also good holds in Austria (-12 percent), UK/Ireland (-7 percent), Spain (-3 percent), and Brazil (-1 percent).

While new titles are finally displacing it from the top spots in most markets Spider Man: No Way Home continues to pull in strong business. Global box office now stands at $1.776 billion.

As of February 5, the global box office for 2022 stands at $2.92 billion - having added $1.1 billion in the past week thanks, primarily, to the Chinese New Year! This total is now 176 percent ahead of 2021 at the same stage (when many territories were in lockdown), while the deficit against the average of the three pre-pandemic years (2017-2019) has been reduced from 45 percent a week ago to 29 percent. The Domestic market is tracking 57 percent behind the three-year average; International (except China) is 46 percent behind.

Global cases of the virus are quickly approaching 400 (397.05 million) having added over 20 million in the past week! Over 5.76 million deaths have been recorded. The US now accounts for over 78 million cases. India has recorded 42.3 million cases - by far the worst hit international market for cases. Brazil has now crossed 26.5 million cases and has the highest number of deaths internationally with 632k. France was now recorded over 20 million cases (20.76 million). The UK follows (17.9 million), well ahead of Russia (12.98 million), Turkey (12.34 million), Italy (11.66 million), Germany (11.09 million), and Spain (10.27 million). These are followed by Argentina (8.59 million), Iran (6.62 million), Colombia (5.97 million), Poland (5.19 million), Mexico (5.15 million), the Netherlands (4.97 million), Indonesia (4.54 million), and Ukraine (4.31 million).