Japan: Record revenue from cinemas
Japan: Record revenue from cinemas

Cinema revenue in Japan skyrocketed to record highs in 2020, despite the coronavirus pandemic.

The animated film "Demon Slayer" "cut" most tickets in the history of the country, surpassing the record revenue of Hayao Miyazaki's film "Spirited Away" in 2001. The film had sold tickets worth over 322 billion dollars.

Japan had fewer than 300,000 cases and therefore saw its box office revenues fall just 46% last year to $ 1.27 billion, down slightly from other countries. In the United States, revenue fell 80 percent to $ 2.28 billion, with coronavirus outbreaks exceeding 21.6 million since the pandemic broke out.

In areas such as China, Australia and South Korea, where coronavirus cases have dropped significantly, analysts are expecting a recovery in box office revenue.

The Asia-Pacific region "saw" its market share increase in 2020. Although movie revenues were down from 2019 - about 70% of 2019 levels of $ 12.4 billion - this region accounted for 51% of global ticket sales. In 2019, these countries accounted for 41%, according to Comscore data and Gower Street analysis. By comparison, the same year the US and Canada accounted for 30% of global ticket sales. However, in 2020, their market share sank to 18%.

Can we expect Disney to skyrock as well?

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Nathan George

Blogger and Influencer

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