Saturday, May 4, 2024

The North American Box Office During the First Third of 2024

During 2015-2019 the first third of the year--the January through April period--the North American box office averaged $4.4 billion in 2023 dollars. In 2023 the figure was a comparatively meager $2.6 billion--about 59 percent of that total.

By contrast the North American box office just barely broke $2 billion (taking in $2.04 billion by April 30, or more like $1.97 billion when we adjust for inflation)--a more than one-fifth drop from 2023 for the same four-month period, and an even larger, more than halfway, drop, from the 2015-2019 average. Putting this situation more fully into context one may say that it continues the pattern from the last third of 2023, which had similarly been depressed--or, rather, the pattern evident for the last year. (The twelve month May 2023-April 2024 period saw just $8.25 billion collected in 2023 dollars--as against $14 billion for the equivalent periods between May 2014 and April 2019, with even that including the bump from the extreme overperformances of Barbie and Oppenheimer.)

Thus do the hard times continue.

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