Box Office Analysis: Seeing Movie Business Through Data

The film industry uses box office revenue, or, the amount of money generated through movie ticket sales, to measure the commercial success of the films it produces. The global film industry shows healthy projections for the coming years, as the global box office revenue is forecast to increase from about 38 billion U.S. dollars in 2016 to nearly 50 billion U.S. dollars in 2020. Figure: Box office revenue in America from 2000 to 2019 (in billion U.S. dollars) Data Source:  Domestic Movie Theatrical Market Summary     However, the statistic above presents data on the annual box office gross revenue for the last 20 years in the US. In 2018, 11.96 billion U.S. dollars was earned at the box office which is a growth of over 2.2 million over the past decade. In 2019, the country has made 11.18 billion U.S. dollars so far. Ticket sales account for a sizable portion of the film industry’s total revenues. Over 1.3 billion tickets were sold at the American box offic...