There seems to be some controversy as to whether or not things are going swimmingly in Hollywood these days.
After a two-decade low was reported in 2014 about North American moviegoer attendance, signs of improvement still seem to be lacking. However, revenue is said to have shown some increase.
The types of movies that brought in the bucks for Hollywood in 2016 were movies that allowed viewers to escape from reality for a while. Animation and superheroes were hot. And fantasy in pretty much any world, whether under the sea, out of this galaxy, or somewhere in between, inspired a drive to a theater nearby.
Much of the argument surrounding the increase in revenue is stemming from an increase in the price of tickets — as opposed to an increase in attendance.
While the estimate for North American ticket sales is 11.37 billion, and is technically a two percent increase from 2015, the average price of a ticket went from $8.43 to $8.61.
The top three money makers for 2016 were Finding Dory ($486.3 million), Rogue One: A Star Wars Story (a minimum of $440 million), and Captain America: Civil War ($408.1 million).
Shifting the focus of that money making monocle to the top performing studios, four of the top performing films came from Walt Disney Studios. This includes the film brands Pixar, Marvel, and Lucasfilm.
Disney’s winners included The Jungle Book, Moana, Zootopia, and Doctor Strange. Domestic ticket sales on these cornered over 25 percent of the domestic movie market, which brought in about 2.7 billion in sales.
Warner Brothers came in second, nabbing approximately $1.87 billion at domestic theaters. Its three money makers that ended up in the top 15 were Batman v. Superman: Dawn of Justice, Suicide Squad and Fantastic Beasts and Where to Find Them.
Studios that found themselves trailing in 2016 were Sony Pictures and Paramount Pictures, which were unable even to reach the one billion mark in domestic ticket sales.
Perhaps the best news for Hollywood at this time is that global sales are anticipated to increase from the 38 billion mark in 2016 to 50 billion in US dollars by 2020. The US is still presently the third largest film market globally, with China and India in the lead.
Featured image via Vertice Cinema.