Domestic Box Office Expected To Drop By $1 Billion In 2024 Amid Fewer Films & Waning Moviegoer Sentiment. But 30 Tentpoles Provide Hope.
28.12.2023 - 21:21
/ deadline.com
There will be blood at the box office in 2024.
And not the type that comes with two studio tentpoles going at each other. Nah, as Barbenheimer showed this past year, that’s actually great for business.
We’re talking the red-ink kind, and it will be felt on both sides, studios and cinemas, with the latter sector experiencing a potential collapse come spring among midsized circuits due to the erratic pipeline of product.
While this year counted 124 wide theatrical releases (opening in 1,000-plus theaters), the dual WGA and SAG-AFTRA strikes forced a bulk of tentpole delays that are leaving 2024 with only 107 wide titles. Craters abound on the release schedule, with six weekends currently sans wide entries: January 26, March 15, May 31, October 11, December 6 and December 27. The domestic box office this year, after being +21% over 2022 with a near $9 billion, is expected to shed at least $1 billion in 2024 to $8 billion, -11%.
After exhibition and the major studios were wounded during Covid due to cinema closures between March 2020-March 2021 and features stuck in post-production during fall 2022, this year saw a return to some form of normalcy due to a conveyor belt of tentpole releases every weekend starting back in mid-February with Disney/Marvel Studios’ Ant-Man and the Wasp: Quantumania ($106.1M opening, $214.5M domestic) and through post-Labor Day with New Line’s The Nun II. The supply of wide releases was so great in 2023 that there’s only one weekend without ’em: this upcoming New Year’s weekend.
An indication of the new year’s success at the box office is always determined by the spillover of the previous year’s pinnacle Christmas release; in recent years that was 2021’s Spider-Man: No Way Home delivering
The website celebfans.org is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can
send a complaint on the news if you find it unreliable.