Saturday, May 4, 2024

How Did April 2024 Go For the Box Office?

In 2015-2019 movie ticket sales in North America during the month of April averaged $1.1 billion in 2023 dollars. Admittedly the number was bumped up by summer beginning early in 2018-2019 with the release of the two parts of the big climax to the Marvel Cinematic Universe's Phase Three with Avengers: Infinity War and Avengers: Endgame, but the average for 2015-2017 is still $1 billion without them. In 2023 April did fall a bit short of that, but not by much--the mega-hit that The Super Mario Bros. Movie was raising the total to $900 million in the same terms--90 percent of the 2015-2017 figure. (Had the rest of the year gone as well we would have spoken of a near-complete recovery of the box office to its pre-pandemic level, rather than a "new normal" for it such as I am discussing now, with North Americans going to the theater a couple of times a year instead of four times a year as before.)

As I remarked a few weeks ago, while after a depressed fall, and January-February period, March saw the box office finally improve on the prior year's performance (largely thanks to Dune, with a little help from Ghostbusters and Godzilla), I expected that April would bring with it a return to the earlier, depressed condition. And indeed, while Godzilla performed more or less in line with reasonable expectations for the film, Ghostbusters less well than some hoped though far from the total flop some might also have feared in light of how unimpressed people were with it, it was far from enough to carry the month the way the releases of prior years have. Ending up with a mere $427 million grossed (assuming the 3.2 percent inflation seen over the past year, $414 million in 2023 dollars), this makes for a take about 38 percent of the 2015-2019 average, and 43 percent of even the more modest 2015-2017 average. The result is that the year continues to see the box office take run far behind that of the equivalent period in 2023, never mind the pre-pandemic years--with, for the time being at least, May not seeming to offer much respite, certainly going by the numbers I have seen for The Fall Guy, the next Planet of the Apes film and the plausible prospects of the next Mad Max movie.

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