Global Box Office Revenues Show Significant Increase, China Ranks Second After U.S.
The Motion Picture Association of America, Inc. (MPAA) has just released its annual Theatrical Market Statistics Report for 2012. It's revealed that international box office receipts for all films released around the world reached $34.7 billion in 2012, an increase of 6% over 2011.
The significance increase of the global box office was driven by growing foreign markets like Russia, Brazil and China. The box office revenues in the Asian country with a population of over 1.3 billion grew by 36% last year to become the largest international market, surpassing Japan.
A total of $2.7 billion was collected through movie tickets in China although the government imposed very strict rules over what films could and could not be screened. By the end of the year, the world's most populous country was placed at the second spot after North America.
In the U.S. and Canada, box office receipts increased 6% over last year to $10.8 billion while domestic ticket prices remained flat. It mainly came from the release of 2D films as revenue from higher-priced 3D films was comparable to 2011 levels at $1.8 billion.
Disney's fantasy adventure wizard movie "Oz: The Great and Powerful" is currently the most popular movie in North America, but it may be changed as animated feature"The Croods" is estimated to bow with more than $40 million next weekend.
Sitting at the third place was Japan which totaled $2.4 billion in 2012, followed by the U.K. and France with $1.7 billion each. India was next with $1.4 billion, Germany and South Korea followed with $1.3 billion each, Russia and Australia with $1.2 billion each and Brazil with $800 million.
"I am happy to report that in 2012, both global and domestic box office were up and so were domestic admissions," said Senator Chris Dodd, Chairman and CEO of the MPAA. "Great storytelling, memorable characters and an ever-innovating theater experience brought more people around the world to the movie theater in 2012 than ever before."
"It's a powerful reminder of just how much movies matter - not just to our culture, but also to our economy. Our industry supports 2.1 million jobs in the United States and more than 120,000 of those jobs are in movie theaters. So as you're looking at this report, it's important to remember the real economic impact these numbers have."
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