Disney Crowned as the No 1 Box Office Performer
To no one’s great surprise, and in line with our earlier predictions, Disney comes out as the No.1 performing studio at the 2022 box office both domestically and internationally. With a strong surge from Avatar 2 to buoy it further, this victory for the House of Mouse may not be all that remarkable, but it’s still a rather nice milestone to meet for the wider theatrical recovery. Brandon Blake, entertainment attorney at Blake & Wang P.A, unpacks some stats and figures.
Brandon Blake |
Domestic and International Success
Overall, Disney can claim responsibility for $4.9B of the worldwide box office, with $2B of that coming from the domestic market and a further $2.9B offshore/ A remarkable $1B over performance from Avatar: The Way of Water in the opening weeks of the year certainly helped boost those numbers. This also represents about 27% of the domestic market share.
This represents the 7th consecutive theatrical year with Disney at the top of the list, starting from 2016. Impressively, it came off the back of only 16 theatrical releases. Disney has also claimed all spots on the Top 5 list for pandemic era debuts, with 4 Marvel titles and Avatar 2. Interestingly, and more unusually, the original Avatar managed to contribute a modest $76M to the total with renewed interest ahead of the sequel’s release.
Universal Runners Up
Universal takes the number 2 spot with $1.65B domestic and $2.25B offshore, and they also claim the largest slate for the year if we include their Focus Features division.
While it's always smart to take these accomplishments with a strong reminder that the pandemic era has yet to see a full theatrical recovery as we could have expected in other years, it’s still a solid achievement and a strong indicator of a wider recovery in interest for the theatrical market. Hopefully we will see a strong and engaged 2023 slate bring the last stragglers back to the cinematic experience for an even stronger box office this year.
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