The international box office may not fully recover from the epidemic

It is not a secret that the way we watch the films has changed dramatically in recent years. Pandemis Covid-19 forced the theaters to close for several consecutive months in 2020Mainly reshaping Hollywood while doubling the industry on broadcasting. While the studios have largely realized that they still needed movie theaters and revenue from the box office, it was very slow climbing to return to a natural shape in this section. Unfortunately, a new report presents a realistic truth. In short, we may never return to prenatal standards when it comes to ticket sales.

The annual Outlook report for the PWC entertainment and PWC is recently released, and Per Hollywood ObserverThe box office prospects are not great. The company expects the industry to end with $ 9.6 billion locally in 2025, up from $ 8.9 billion in 2024. These levels will rise to $ 10.1 billion in 2026, $ 10.3 billion in 2027, $ 10.6 billion in 2028, and $ 10.8 billion in 2029. This seems to be a lot of money, but these numbers do not touch in advance.

The previous local box office record was determined in 2018When ticket sales topped 11.8 billion dollars. On the positive side, PWC can we finally reach prehistoric levels again in 2030. The problem? By that time, it would be because ticket prices increase, with the greatest focus on distinct formats like IMAX. In general, the attendees will continue to decrease. Bart Spiegel, the global entertainment commander of the media and media at PWC, had:

“Unfortunately, this recovery is unlikely during the prediction period. However, we offer that by the end of 2029, the industry will be on the verge of a full recovery. In other words, the year 2030 may be the year in which global box office revenue returns to prenatal levels.”

What is this amount? There were 777 million acceptance in 2023 and 734 million in 2024, a year was greatly affected by WGA and SAG strikes. It is expected that 2025 778 million, grows to 823 million by 2029. But this diminishes compared to 1.3 billion tickets sold in 2019. This is a decrease of approximately 37 % in the total presence.

“It is important to remember that industry revenues are ultimately driven by the size of price times. In this case, while ticket prices rise, acceptance (size) is not expected to return to pre -trusteeship levels.” “Instead, growth in global box office revenue is fed with high ticket prices. These ticket prices are increased driven by several factors, including enhanced infrastructure, facilities, technological progress, and high content costs.”

Globally, expectations are not better. The global box office is expected to reach $ 33.5 billion this year, compared to only $ 30 billion in the past year, reaching $ 37.7 billion in 2029. This is still shy in 2019, which amounted to $ 39.4 billion. Even more realistic? Netflix revenues reached $ 37.5 billion in 2024 aloneClarify the gap between the broadcast and the box office now.

All of this amounts to the huge problems that the industry must count as a whole. Theaters must compensate for revenues, which leads to high ticket prices Show more ads before movies. Although AMC is now trying to reverse the path due to the negative response of the beneficiaries. Tom Rochd, President of Sony Pictures, argued by reducing ticket prices To increase the size, but this does not seem to hunt.

Meanwhile, studios should know how to make movies logical despite the larger budgets and low returns. Films such as “Juerasic World Rebirth” are still visits, reaching $ 828 million, but this is much lower than previous entries in the “Jurassic World” privilege. Currently, there are no clear answers, but Spiegel provided some hope in the report.

“The history of the American industry reveals that the sector has faced challenges several times before, with everything from converting to voice to anti -monopoly legislation in the 1940s, TV arrival as a collective means in the 1940s and 1950s, and the VHS revolution in the 1970s. In each case, the sector is recovered. It is doing it again now.”

One can only hope that the history itself will repeat and that the industry has been able to recover from a long time schedule.