Some good news for the kickoff of CineEurope 2023 for Cinema Exhibitors – and Laser Illuminated Projectors are there.
Lead post from Digital Cinema Report…
|Weekly Digest – June 19, 2023|
A summary of last week’s top stories
|International Box Office Surges in May |
In May, and for the first time since January 2020, the international market (excluding China) reached the same box office level as the comparable month in 2017-2019 on average, according to a report released by the London-based analytics firm Gower Street. The international box office (excluding China), reached $1.54 billion in May, just shy of the pre-pandemic average at today’s exchange rates. Globally the third part of Guardians of the Galaxy achieved the highest box office in May with around $750 million. Only once since the start of the pandemic had the international box office previously achieved even a single-digit deficit compared to the average of 2017-2019 – in June 2022 with -4 percent. This is a major milestone in the recovery process. The global box office reached $2.8 billion in May, following April’s $2.9 billion. It’s the first time since the beginning of 2020 that two consecutive months have delivered over $2.8 billion. Last summer June ($2.7 billion) and July ($3.2 billion) delivered above $2.7 billion in back-to-back months. https://rb.gy/21puj
It looks like the content pipeline is full and people are back in theaters everywhere. Box Office Revenue is Back!