Streaming vs theatres: Netflix's 2023 Revenue Trumps Global Box Office

According to Gower Street Analytics Total Box Office revenue: 33.9 billion USD, surpassing the $29B Industry projection. 

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Global Box Office in 2023:

Rebounded by +30.9% from 2022's $25.9B but still -20.2% compared to 2019's $42.5B.

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Despite the strong rebound, the entire 2023 Global Box Office ($33.9B) couldn't surpass Netflix's estimated $34B+ revenue.

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Netflix vs. Box Office:

Industry projections for 2024 show a downtrend post-Covid with revenue down to $31.5B, a -7.1% decrease from 2023, and -25.9% from 2019.

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2024 Projections:

Hollywood strikes by the writers and actors has resulted in several 2024 titles being postponed to 2025 and beyond influencing the projections for the year.

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1. US & Canada: 8.9B (+18.7% over 2022). Top 10 Overseas markets include China, Japan, UK/Ireland, France, Germany, South Korea, Mexico, Australia, Italy, Spain.

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Top Markets at Global Box Office in 2023: