The film industry is experiencing a modest recovery in 2024, with box office revenue projected to reach $8.75 billion in the US and Canada, despite lingering effects of last year's strikes and a shift in consumer viewing habits. While this figure represents a 3% decrease from 2023 and a 23% dip from pre-pandemic 2019 levels, it signifies a significant turnaround from earlier this year's slump. The success of films like 'Inside Out 2' highlights the enduring appeal of cinema, but the industry continues to face obstacles such as shortened theatrical windows and competition from streaming platforms.
It wasn't good, but it could've been a lot worse. Given the lingering effects of last year's Hollywood labor strikes, the relative lack of big movies and a dismal first half of the year at the box office, the film industry is breathing a collective sigh of relief as 2024 comes to a close. This year's box office revenue could total $8.75 billion in the U.S. and Canada, according to estimates from data firm Comscore. That figure would put the box office about 3% lower than in 2023.
3 billion worldwide, boosting the Disney-owned studio's prospects after a string of lackluster films. The film also proved there is a niche for R-rated and irreverent storylines within the House of Mouse's largely family-friendly and PG-13 superhero universe. The summer may have been bolstered by blockbusters, but Osgood Perkins' original indie 'Longlegs' also contributed to the box office momentum.
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