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| What will the 2024 box-office be? |
Both Hollywood and movie theater owners expect a lackluster $8 billion film gate next year. Due principally to this year's protracted script writers and film actors labor strikes - which curtailed production of on-going projects. This pushed a number of blockbuster potentials into 2025.
For this year the box-office should end up at around $8.9 billion, or about $1 billion higher than is anticipated for 2024, which has a very lean release schedule. A number of 'big' films were rescheduled and will now be released in 2025. These include: 'Mission Impossible', 'Captain America', 'Snow White', and 'Spider Man'. 'Blade', and 'Dirty Dancing' were also shuffled into '25.
Per-covid, the box-office was humming along at an $11 billion annual clip. However, since 2000 consumers have gotten much more selective given the vast quantity of entertainment content now available to them. But they will come out for quality films that suit their tastes, look at 'Oppenheimer' and 'Sound of Freedom'.
I don't expect 2024 to be that catastrophic. As films like, 'Dead Pool', the Bob Marley biopic 'One Love', 'Inside Out 2', 'Despicable Me 4', 'Furiosa', 'Karate Kid' and others should fair pretty well. Also, films, such as 'Back to Black' the Amy Winehouse biopic and 'Wolf Man' will fill in the gaps.
By: Jim Lavorato, CMG Author
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