Universal Overtakes Disney as Highest-Grossing Studio at 2023 Box Office

Rebecca Rubin Film and Media Reporter The “Mean Girls” movie musical topped a sleepy box office as “I.S.S.,” a sci-fi thriller that takes place aboard the International Space Station, misfired in its opening weekend. “Mean Girls” added $11.7 million in its second weekend of release, bringing its domestic tally to $50 million. Ticket sales dropped a steep 59% from its debut.

Globally, including most everywhere overseas, 2023 box office was led by a mix of Barbie, The Super Mario Bros. Movie and Oppenheimer, curious bedfellows who nevertheless proved that cultural phenomena can come in different forms and set turnstiles spinning.

Nick Vivarelli International Correspondent Italy’s box office revenue rose in 2023 to €495 million ($542,000) while the country’s admissions tally reached 70.5 million, representing a roughly 60% increase compared with 2022. Though Italian moviegoing figures – announced Wednesday in Rome by national box office compiler Cinetel – mark a substantial leap forward, they are still down roughly 23% compared with the country’s average box office intake during the period between 2017 and 2019. Prior to the pandemic, the benchmark of a good year was considered 100 million admissions.

Taylor Swift‘s concert film The Eras Tour has officially become the highest grossing concert movie of all time.As of yesterday (January 7), the film overtook Michael Jackson‘s This Is It with an overall global taking of $261.6million (£206m), as reported by Variety.After its release in October, the film scored the biggest opening weekend for a concert film in history, while the tour itself was the first ever to gross $1billion.The film documents the six performances completed by Swift at Los Angeles’ SoFi Stadium earlier this year. The shows encompassed a career-spanning setlist that lifted songs from all ten of her albums from ‘Fearless’ to ‘Midnights’.“The Eras Tour is a concert movie in the true sense,” NME wrote in a four-star review.

Audiences didn’t have a lot of new choices, nor a mega late-December blockbuster to ring in the first weekend of the new year at the movies, but the studio titles on offer are still drawing crowds and seeing strong holds, particularly with ongoing holidays in many international box office markets. Milestones are also being set as Warner Bros/Village Roadshow/Heyday Films’ Wonka topped $300M overseas while Disney’s Wish crossed $200M worldwide and AMC touted a new benchmark for Taylor Swift: The Eras Tour. 

Steven J. Horowitz Senior Music Writer Taylor Swift is starting off 2024 with yet another historic milestone under her belt. Following the release of “Taylor Swift: The Eras Tour” to United States theaters on October 13, Swift’s movie is officially the highest-grossing film in box office history among concert and documentary films with more than $261.6 million earned globally.

Rebecca Rubin Film and Media Reporter “Night Swim,” a supernatural thriller produced by horror mavens Jason Blum and James Wan, waded to second place in its debut. The film, marking the first nationwide release of the year, collected a moderate $12 million from 3,200 North American theaters. Those ticket sales weren’t enough to topple “Wonka,” which claimed first place again with $15 million in its fourth weekend of release.

Naman Ramachandran The U.K. and Ireland box office revenue improved 8.3% from £980.5 million ($1.25 billion) in 2022 to £1.06 billion ($1.35 billion) in 2023, according to numbers released by Comscore. However, the number was 23.5% below the 2019 pre-pandemic total of £1.35 billion ($1.72 billion).

Lionsgate CEO Jon Feltheimer expressed an optimistic view of the movie business – at least the way it is approached by his cost-conscious executive team.

Global box office is estimated to have reached $33.9B for 2023, a 30.5% gain on 2022, according to Gower Street Analytics. While this represents continuing worldwide recovery, the figure remains 15% behind the average of the last three pre-pandemic years (2017-2019). Gower Street also recently estimated that, due in part to this year’s strike-impacted release calendar, 2024 is projected to drop to $31.5 billion, which, given today’s revised estimate for last year, would come in at 7% below 2023. 

Patrick Frater Asia Bureau Chief Hong Kong saw “A Guilty Conscience” become the highest-grossing film of all time at its local box office. But the wider cinema market in Hong Kong remained stuck far below pre-pandemic levels. Data from Hong Kong Box Office Limited, a joint venture between Motion Picture Industry Association (MPIA) and the Hong Kong Theatres Association, showed annual cinema revenue of HK$1.43 billion ($184 million) in 2023. That was a 25% improvement on 2022, when the industry was battered by on-off closures due to government COVID-control measures, and managed only HK$1.14 billion ($146 million).

Patrick Frater Asia Bureau Chief Chinese-produced movies took all of the top ten chart places at the China box office as theatrical revenues in 2023 rebounded strongly. Gross revenues reached an annual total of RMB54.9 billion or $7.73 billion. That was an 83% improvement on the previous year, according to data from China Film Administration, but still 14.5% adrift of 2019, the last pre-COVID year, when grosses hit RMB64.3 billion.

Patrick Frater Asia Bureau Chief A strong December for local films helped make up for an otherwise miserable 2023 at the South Korean box office – previously the fifth largest cinema territory worldwide. And while theatrical markets in other major territories have recovered to reach at or near pre-pandemic levels, Korea finished 44% below 2019. Data from the Korean Film Council’s Kobis tracking service showed annual gross revenues of KRW1.261 trillion ($964 million at Jan 2024 rates of exchange) in 2023. That represented a gain of 9% on 2022, but it was far below the KRW1.91 trillion ($1.46 billion) recorded in 2019, the last pre-COVID year. The bleak trend was mirrored in terms of attendance or ticket sales, which remains the country’s preferred performance measure.

Korean historical action drama 12.12: The Day has grossed $90.5M and sailed past the 12 million admissions mark at the Korean box office over the Christmas holiday period to become the highest grossing film of 2023. 

French exhibitors can start 2024 with renewed confidence as new figures released by the National Cinema Center (CNC) show that audiences are heading back to the big screen.

Elsa Keslassy International Correspondent The French box office jumped 19% in 2023 with an estimated €1.3 billion ($1.4 billion) grossed from 181.2 million tickets, according to Comscore France. Unlike in 2022, when the top 10 was exclusively dominated by U.S.

A Las Vegas residency is a great option for a superstar looking to acquire touring money without actually having to tour: no traveling necessary, a consistent schedule, and a regular stream of eager attendees visiting Sin City.

Brent Lang Executive Editor “Wonka,” a musical fantasy that has been the biggest hit of the holiday season, topped the box office on New Year’s Eve, closing 2023 on a sweet note. The film, which stars Timothée Chalamet as a more youthful Willy Wonka, grossed $22.7 million for the weekend and a projected $29.5 million for the four-day holiday. That brings the domestic gross to $140.2 million, a strong result for the $125 million production.

MONDAY AM writethru: Yes, Virginia, there is a Santa Claus, and he’s delivering the motion picture industry a $9 billion-plus year at the domestic box office, a feat many thought was unimaginable with the lack of a mega-tentpole over the holiday, coupled by a Q4 impacted by the double strikes. The numbers were compiled from Comscore data and Deadline calculations. Comscore called 2023 at $9.03 billion yesterday.

As 2023 comes to a close, the year’s highest-grossing movies have been revealed!