After two years of chaos brought on by the coronavirus pandemic, theatrical industry insiders are cautiously optimistic about the future of moviegoing.
“We’ll keep an eye on variants and how that may or may not affect theater capacities going forward, but generally speaking there’s a lot of films coming, and markets are open with few exceptions, so we’re excited about the slate that we have for 2022,” Jim Orr, the president of domestic theatrical distribution for Universal, told Insider.
But the numbers tell a story of an industry still far from recovery, despite signs of hope like “Spider-Man: No Way Home,” which opened over the weekend with $260 million at the US box office, the second biggest domestic debut of all time.
The data firm Comscore is projecting the North American box office to end the year at around $4.4 billion, nearly double 2020’s total but down more than 61% from 2019. Comscore is projecting the global box office to end the year with more than $20 billion, up from $12 billion last year but down from 2019’s $42.5 billion.
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Main image credit: Zendaya and Tom Holland in “Spider-Man: No Way Home.” Sony Pictures