The statistic displays a forecast of the global box office revenue from 2016 to 2020. According to PwC, the worldwide revenue will grow from 38.3 billion U.S. dollars in 2015 to 49.3 billion in 2020.
Global cinema - additional information
Going to a movie theater has been a growing expense for decades. According to PwC calculation’s this trend is not going to change, with the average actual price of a movie ticket expected to grow from 4.74 U.S dollars in 2014 to 5.16 U.S dollars in 2018. At the same time PwC also forecasts that the global number of movie admissions will not be declining over the same period, and estimates that it will reach 8.89 billion in 2018. And so, worldwide movie studios do not cease to release new productions. For example in 2014 India was a leading film market, having made nearly two thousand new movies. The country was also a leader in terms of the number of tickets sold in the same year.
The mass market success of the VCR starting in the mid 1970s, followed by the introduction of DVDs and the recent popularity of on-demand Internet streaming media services, such as Netflix, has changed the movie theater industry around the world. Many movie theater chains have gone bankrupt in the past decade, but the industry is constantly revamping itself with competitive ticket prices, better concession foods and newer technologies. As of 2014, there are nearly 128 thousand digital cinema screens worldwide, out of which roughly 65 thousand are based on a 3D technology.
As far as movie studios are concerned – in a global perspective, Warner, Disney and Fox had the largest shares of the market. However, in terms of movie production the year 2014 belonged to Magnolia Pictures, who was a leader in the number of movie releases. With 33 worldwide releases Magnolia beat Warner, Disney and Fox who released 22, 13 and 17 films respectively that year. Fox and Disney tied as leaders in blockbuster production – each released four hit movies in 2014.