About This Statistic
The statistic displays a forecast of the global box office revenue from 2016 to 2020. According to the source, the worldwide revenue will grow from 38.3 billion U.S. dollars in 2015 to 49.3 billion in 2020. The box office revenue in North America reached 11.38 billion U.S. dollars, the highest to-date. Aside from North America, some of the leading box office markets worldwide include China, Japan, and India.
Global cinema - additional information
Going to a movie theater has been a growing expense for decades. According to calculations, 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 forecasts predict 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. This has led to emerging movie markets in places such as India and China. In 2016, the Indian film industry continued to grow and the country was a leader in terms of the number of tickets sold.
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 2016, there were over 155 thousand digital cinema screens worldwide, out of which roughly 87 thousand were based on a 3D technology.