In the first half of 2024, the North American movie box office was US$3.555 billion, a year-on-year decrease of 19.2%. The operating income and net profits of major theater companies mostly declined. AMC Cinemas has a box office market share of 24%, operating income of US$1.982 billion, a year-on-year decrease of 13.9%, and a loss of US$196 million; Regal Cinemas has a market share of 16%, and its parent company CineWorld delisted from the London Stock Exchange in August last year. It is reported that bankruptcy and reorganization has been completed; Cinemark theater chain market share is 14%, operating income is 1.313 billion US dollars, a year-on-year decrease of 15.4%, net profit is 71 million US dollars, a decrease of 39.1%; Cinemax theater chain market share is 7%, operating income is 572 million Canadian dollars yuan, a year-on-year decrease of 13.2%, turning from profit to a loss of 16 million Canadian dollars; the operating income of Marcus's theater business was US$183 million, a year-on-year decrease of 21.7%, and a loss of US$2.96 million.
industry chain directly affect the prosperity and decline of the downstream. Last year's lengthy strike by the Hollywood Screenwriters and Screen Actors Guilds caused delays in scheduled films and insufficient supply of new films, which has had a lasting impact on the North American film market. It will take some time for production lines to get back on track. According to statistics, in the first half of this year, only 8 movies had a North American box office of more than 100 million US dollars, 5 movies less than last year and 7 movies less than 2019.
In addition, the summer box office revenue of North American movies in 2024 will be approximately US$3.67 billion, a 10.4% decrease from 2023. American independent film producer Andrew Musch believes that the previous writers' strike was one of the reasons for the decline in box office this summer. If film companies continue to advance production in the absence of screenwriters, the quality and production standards of film works will be severely damaged. Many American audiences are unwilling to spend fifty dollars or more to go to the theater to watch a film of mediocre quality. In addition, in addition to movie tickets, other consumption such as movie theater catering has also increased significantly.
gower street company predicts that the box office in North America this year will be 8.2 billion US dollars, lower than last year's 9.1 billion US dollars.
In the first half of 2024, the North American movie box office was US$3.555 billion, a year-on-year decrease of 19.2%. The operating income and net profits of major theater companies mostly declined. AMC Cinemas has a box office market share of 24%, operating income of US$1.982 billion, a year-on-year decrease of 13.9%, and a loss of US$196 million; Regal Cinemas has a market share of 16%, and its parent company CineWorld delisted from the London Stock Exchange in August last year. It is reported that bankruptcy and reorganization has been completed; Cinemark theater chain market share is 14%, operating income is 1.313 billion US dollars, a year-on-year decrease of 15.4%, net profit is 71 million US dollars, a decrease of 39.1%; Cinemax theater chain market share is 7%, operating income is 572 million Canadian dollars yuan, a year-on-year decrease of 13.2%, turning from profit to a loss of 16 million Canadian dollars; the operating income of Marcus's theater business was US$183 million, a year-on-year decrease of 21.7%, and a loss of US$2.96 million.
industry chain directly affect the prosperity and decline of the downstream. Last year's lengthy strike by the Hollywood Screenwriters and Screen Actors Guilds caused delays in scheduled films and insufficient supply of new films, which has had a lasting impact on the North American film market. It will take some time for production lines to get back on track. According to statistics, in the first half of this year, only 8 movies had a North American box office of more than 100 million US dollars, 5 movies less than last year and 7 movies less than 2019.
In addition, the summer box office revenue of North American movies in 2024 will be approximately US$3.67 billion, a 10.4% decrease from 2023. American independent film producer Andrew Musch believes that the previous writers' strike was one of the reasons for the decline in box office this summer. If film companies continue to advance production in the absence of screenwriters, the quality and production standards of film works will be severely damaged. Many American audiences are unwilling to spend fifty dollars or more to go to the theater to watch a film of mediocre quality. In addition, in addition to movie tickets, other consumption such as movie theater catering has also increased significantly.
gower street company predicts that the box office in North America this year will be 8.2 billion US dollars, lower than last year's 9.1 billion US dollars.
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