Will the Global Box Office Follow Hollywood’s Slowdown?
variety.combox office, there is a near-term question mark about what will happen next: Will recovery stall due to a paucity of Hollywood tentpole movies?
Or will international theatrical decouple and find new drivers to maintain the momentum? The good news is that most of the international market’s top territories are now fully open and operating without significant restrictions on seating capacity.
These include the U.K. and Ireland, Japan, France, Germany, Spain, South Korea, Australia, New Zealand, Mexico and Brazil. The smaller number of territories still laboring under restrictions nevertheless include some valuable ones: China, Turkey, Argentina, Hong Kong and Russia.
Hollywood movies that have driven the recent international recovery include “Jurassic World Dominion” ($611 million internationally); “Minions: The Rise of Gru” ($486 million); “Thor: Love and Thunder” ($405 million); and “Elvis” ($126 million). “Top Gun: Maverick,” with $1.4 billion worldwide to date, including $720 million internationally, has overperformed against expectations almost everywhere.
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