Leading box office markets - additional information
The box office is a measurement of the total gross of tickets sold for a particular movie, essentially the revenue from ticket sales. In the film industry, box office sale values are significant in order to assess how successful a movie is. For film studios, box office numbers are important for potential future projects.
On a worldwide scale, the North American box office market leads by a significant amount compared to other markets. In 2017, box office revenue in the United States and Canada combined for 11.1 billion U.S. dollars. China lead all other international box office markets worldwide, having earned 7.9 billion U.S. dollars of revenue, followed by Japan with two billion U.S. dollars and then India, among others, with 1.6 billion U.S. dollars. A possible reason for such a large revenue differential could be the production of most popular movies in Hollywood and major film festivals taking place in the United States.
Higher North American revenues could possibly be attributed to not only higher interest, but also higher movie ticket prices. In the U.S. and Canada, the average movie ticket price amounted to 8.97 U.S. dollars in 2017. This is a value that has significantly increased over the past decade. A ticket in 2006 cost 6.55 U.S. dollars, so, in just over 10 years, the average cost of a movie ticket had risen by almost 2.5 U.S. dollars.