Peoples spent about 19 billion dollars on cinema tickets in the first six months of the year, compared to $ 20.2 billion in the same period last year.
Among the movies that ran around the world include “Men in Black: International,” “Godzilla: King of the Monsters,” “How to Train Your Dragon: The Hidden World” and “Lego Movie 2”. They were launched in the first half and the producers’ expectations regarding the receipts were not confirmed.
The decline was evident in the United States, the largest film market in the world, where revenue from ticket sales fell 9.4 percent to $ 5.6 billion in the first half of the year. The number of tickets sold was 623.6 million, 8% less than in the same period last year, according to Box Office Mojo.
The cinema industry is also competing with streaming giants – Netflix and Amazon, to which Disney and Apple will soon join, as well as major television companies like HBO who make huge investments in productions such as “Game of Thrones “and” Big Little Lies “.
Last year, the number of Netflix productions came close to that of the Hollywood Studios, about 80, and the streaming service was celebrated at the 2094 Oscars with Alfonso Cuarón’s “Rome”. Between the upcoming releases, Netflix includes “Underground”, a $ 150 million production, with Ryan Reynolds in distribution.
Analysts are confident that in the second half of the year – when “The Lion King”, “Joker”, “Frozen 2”, “Downton Abbey”, “Jumanji: The Next Level”, “Hobbs and Shaw”, “Cats”, and “Star Wars: The Rise of Skywalker “- the difference will be diminished.
Avengers: Endgame, released in April, generated $ 2.7 billion in revenue globally. He is followed by “Captain Marvel”, with $ 1.1 billion, and “Aladdin” with $ 880 million.