When Chinese cinemas shut down in January 2020, thus kiboshing the lucrative Lunar New Year period, it began a domino effect that few predicted as the virus spread and cinemas shuttered around the world. Ultimately in 2020, only one studio picture ( BBFL) grossed over $400M globally.Ĭhief among the stories of 2020 for the theatrical business as a whole were local-language pictures, and that is seen as encouraging. Last year was never expected to be the sort of 2019 bonanza that saw nine studio pictures gross over $1B worldwide, but there were hopes for several big movies. 2 film which grossed $430.5M after releasing early in the year. The Culver City studio saw the softest drops overall from 2019 (-66% overseas/-65% globally), thanks largely to the performance of Bad Boys For Life, the worldwide No. Sony topped WB in the global category to land at No. Rankings moved, however, with Disney still in the lead globally, but in second place by a hair internationally under No. (Click here for reference to our 2019/2020 year-end/year-ahead story.)Ĭlearly in 2020, no studios saw increases versus 2019. Only Warner Bros among the majors saw an uptick in its international vs worldwide total, largely because of the Tenet summer effect. The majors’ in-house international vs worldwide ratios remained relatively flat from 2019 to 2020, based primarily on films that released in the first quarter of last year, before the lockdowns began. Clearly 2020 experienced a lack of Hollywood product, but the post-lockdown resurgence of hubs like China, Japan and others was notable. That will bode well for studios when they are ready to release new product.įive of the Top 10 movies overseas in 2020 were local pictures that made the bulk of their money from one market. Last year saw studios and exhibition suffer their worst returns of the modern era while local films nevertheless proved that audiences are ready and willing to share auditorium space, as long as they feel safe. Add to that, concerns over piracy given shortened (or shattered) domestic windows, the impact of streaming and the need for films that encourage people out of their homes as well as a potentially increased focus on local-language productions, and we end up with a snapshot of what’s to come in the next 12 months.īelow we take a look in the rear-view on an unprecedented year, and a look ahead to the next 12 months as well as separate dives on individual markets and the studios whose global ranking chart comes with a very big asterisk.Ģ020: A LOOK BACK Michael Buckner/Deadline This is a major issue on the minds of international distribution executives. “When the pictures are released, revenue will come in, offsetting expenses from pics sitting in limbo,” this person says, adding, “Many of the pictures that were pushed are event product, so I expect robust box office, revenue, and profits.” Beware, however, “There is so much unreleased product that studios cannot cannibalize each other’s pictures.”īut in 2021, to what degree studios and overseas markets bounce back depends on what happens to release schedules amid ongoing uncertainty surrounding the Covid pandemic and as key majors in Europe and elsewhere extend lockdowns.
#Office 2016 install stuck on 72% full
The full economic effect of Covid has yet to be fully assessed, however studios - forced to jockey during ever-shifting cinema closures, reopenings and re-closures around the world - should recoup what they lost on shelved 2020 releases (minus interest) a finance source tells us.
Joe Rogan Says He Will Quit If Podcast Becomes Place Where He Has To "Walk On Eggshells" While studios may have collectively been down by about 81% both on a worldwide and overseas basis, folks are encouraged that Covid won’t kill the theatrical business. Grosses outside North America repped 82% of worldwide takings in 2020 versus 73% in 2019.
Within that, one of the key takeaways for industry executives we spoke with was the power of overseas markets - and their local titles - which demonstrated that if people feel safe and the product is there, they will enthusiastically return to multiplexes. It’s a year the world at large would like to forget, but in industry terms it provided interesting phenomena to reflect upon even as we look ahead to 2021.Ī stealthy yet ubiquitous spore, cinema stops and starts, streaming solace, Sino-strength and the stunning performance of a Demon Slayer were among the dominant forces affecting the global and international box office in 2020. With an estimated $12.4B in global grosses, $10.2B of which came from the international box office, 2020 was off overall by 71% and 67%, respectively, from 2019 according to Gower Street Analytics.
0 kommentar(er)
