Movie theater with neon signs. Photo by Myke Simon on Unsplash

Shattered windows: 24% of US domestic box office at risk

More than $2.6 billion in Domestic box office might have been sacrificed in 2019 had a 17-day window been in place. New research by Gower Street shows that 24% of total box office across the Domestic market last year was taken beyond Day 17 of release.

The time frame of the exclusive theatrical window has been a focal point of conflict between exhibition and the studios for over 70 years. With the rise of streaming services and digital distribution over the last decade it has intensified and the resulting shutdown of movie theaters due to the COVID-19 crisis has only stoked the fires further. This most recently culminated in a deal between AMC Theatres and Universal that would allow Universal to release their titles on PVOD after just 17 days in cinemas. A significant shift down from the traditional 90-day window. This agreement currently only covers the US, but a potential international rollout is planned to be discussed.

The $2.6BN question

The announcement brought Day 17 into sharp focus. What is actually the amount of Domestic theatrical box office that is taken by and after Day 17 of a release?

Utilising data from our partners at Comscore we can determine that at least $2.6 billion in Domestic box office was generated after Day 17 by films released in 2019. This is nearly a quarter (24%) of total box office ($11bn). Our data set specifically considers English language titles released in 2019 with a lifetime box office higher than $1 million.

Call to ‘Action’

Of course, different types of films have different playouts and market potential. The graphic below displays the box office achieved up to and including Day 17 of release (dark blue) and after (orange) for seven key genres last year.

The titles clustered into the action genre (including superhero films) took in nearly $1 billion ($964m) beyond Day 17. However, the proportion of box office taken after Day 17 (21% of lifetime) is lower for action titles than most other genres (second only to horror – 15%).

Family titles (including animation) grossed $731 million beyond Day 17. This represented a higher proportion (25%) of the lifetime box office across this genre. Drama titles see an even bigger proportion of box office taken beyond Day 17 (37%), representing a collective $516 million.

The titles categorized within these three main genres produced $2.2 billion of box office after Day 17 of their release. This represents 84% of our $2.6 billion total.

Cutting off ‘the Upside’

The title with the highest box office amount achieved after Day 17 was FROZEN 2 with $135 million (29% of its lifetime GBO). Just behind in box office terms, but seeing a greater proportion of earnings collected after Day 17, was JUMANJI: THE NEXT LEVEL with $134 million (43% of its lifetime GBO) coming after the cut off.

Within the group of highest grossing titles post Day 17, two stand out that were only around the middle of their run. Kevin Hart comedy-drama THE UPSIDE (classed as comedy) grossed $44 million in the post-Day 17 timeframe. This represented 41% of is total Domestic box office. KNIVES OUT might have been even more greatly impacted by a 17-day window with 54% ($90m) of its total taken after Day 17…

… visit Gower Street to read full story

Related posts