The final numbers are in, and the global box office managed to reach a record high during the year of 2016.
While the actual numbers of cinema goers is generally declining, thanks to inflation the global box office during the year of 2016 has seen a record number of revenue, but only by a hair.
Rising just one percentage point to $38.6 billion from the year before, more money is being brought in than ever, thanks to top movies like Captain America: Civil War, Rogue One: A Star Wars Story and Finding Dory.
This is all the more impressive considering the world’s fastest growing market, China, actually saw a surprising decrease last year; falling 1% to $6.6 billion.
This will be disappointing news for many in Hollywood, who were counting on the country to plug some holes with their new desire for Western movies.
Considering China’s takings went up a whopping 49% in 2015, not many would have seen this coming and perhaps any thoughts that China would one day surpass the US as the world’s biggest market will be put on the backburner.
Will the increase continue overall during the year of 2017? With big blockbusters like Star Wars: The Last Jedi and Justice League on the way, one wouldn’t be surprised.
Originally published March 23, 2017. Updated April 16, 2018.
