revenue in 2023 could now hit $32 billion instead of a projected $29 billion, according to leading analytics firm Gower Street.
The London-based outfit released its updated forecast on the eve of CinemaCon, the annual gathering of theater owners and Hollywood studios in Las Vegas. This year’s edition runs April 24-27. Throughout the week, studios will address the ongoing box office recovery, celebrate their successes from the past year and tout their upcoming releases.to return to pre-pandemic levels
until 2024 or beyond when there are roughly the same number of releases as before, but there is steady progress. Global revenue hovered around $26 billion in 2022, up 23 percent from $21.3 billion in 2021 .
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