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BusinessOctober best month for box office ticket sales in 2021

October best month for box office ticket sales in 2021

Tom Hardy stars in Sony’s “Venom: Let There Be Carnage.”

Sony

Don’t rely out the home box office simply but.

A mix of latest film releases, a lot of which appeared solely in theaters, coupled with rising shopper confidence in returning to cinemas amid the coronavirus pandemic led October to be the highest-grossing month for ticket sales thus far in 2021.

It’s estimated that moviegoers spent round $637.9 million on tickets during the last 31 days, as they ventured out to theaters to see “No Time to Die,” “Venom: Let There Be Carnage,” “Halloween Kills” and “Dune.”

“Though this is likely an anomaly that will perhaps never be repeated, the 10th month of the year has now shown that it can indeed provide a great home for blockbusters of any size or genre type,” stated Paul Dergarabedian, senior media analyst at Comscore.

Many of the movies launched throughout the month had been slated to open earlier in the yr however had been postponed as a result of ongoing pandemic. This led October receipts to outpace July, which beforehand held the document for the highest-grossing month in 2021 with $583.6 million in ticket sales, in accordance with information from Comscore.

As of Sunday, the home box office has tallied $3.1 billion by the primary 10 months of the yr, which is 45% larger than 2020’s haul by the identical interval and 66% behind 2019.

“The industry circled this October on the calendar as an important marker for moviegoing’s pandemic rebound, and it delivered in a big way,” stated Shawn Robbins, chief analyst at BoxOffice.com.

While the summer season months are usually the highest-grossing months of the yr for the home box office, October has made main beneficial properties in current years due to blockbuster titles like “Joker” in 2019 and “Venom” in 2018.

In 2019, October secured $789.5 million in ticket sales, the second-highest haul for the month behind 2018’s $832.1 million. October 2021 had the next haul than the identical interval in 2017.

Cinemark stated Sunday that October was the corporate’s highest-grossing box office efficiency month in the Covid-19 period. The month’s outcomes had been greater than double the receipts of May 2021.

“I am thrilled that we have reached a new milestone within the industry’s recovery, delivering our best monthly box office performance since the reopening of our theatres,” stated Mark Zoradi, Cinemark’s CEO, in an announcement. “Congratulations to our studio partners for creating must-see big-screen content with something for everyone.”

Heading into November and December, film theaters will profit from the discharge of a lot of movies that had been beforehand postponed. “Eternals,” “Ghostbusters: Afterlife” and “Encanto” are slated for November and “West Side Story,” “Spider-Man: No Way Home” and “Matrix Resurrections” are due out in December.

“We’ve been through several of these stress-test periods throughout the year, and there will be more to come during the holidays and winter,” stated BoxOffice.com’s Robbins. “Vaccines for young children remain crucial in the long term. All in all, though, theater owners and studios should be very encouraged by the string of recent box office hits and what they signal for the new year around the corner.”

Disclosure:¬†Comcast¬†owns NBCUniversal and CNBC. Universal launched “No Time To Die” internationally and is the worldwide distributor of “Halloween Kills.”

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