Sigh of Re­lief for the Movie Biz

Variety - - Plugged In -

the in­dus­try’s fears that stream­ing would dra­mat­i­cally cut into moviego­ing were put to rest for a year, thanks to a mix of suc­cess­ful fran­chises and un­ex­pected hits that pushed the box of­fice to record num­bers in 2018, both in the U.S. and over­seas.

The world­wide movie busi­ness hit an all-time high with an es­ti­mated $41.7 bil­lion glob­ally — a healthy 2.7% gain over 2017. Do­mes­tic grosses came in at $11.9 bil­lion, 7% bet­ter than the prior year. Four ti­tles joined the $1 bil­lion club: Dis­ney and Mar­vel’s “Avengers: In­fin­ity War” (above, $2.05 bil­lion) and “Black Pan­ther ($1.35 bil­lion, plus a do­mes­tic best $700 mil­lion), Uni­ver­sal’s “Juras­sic World: Fallen King­dom” ($1.3 bil­lion) and Dis­ney and Pixar’s “In­cred­i­bles 2” ($1.24 bil­lion). Glob­ally, 53 films pock­eted more than $100 mil­lion.

Adding to the good news: More than 64% of movie­go­ers were be­tween 18 and 44, mean­ing that younger au­di­ences con­tinue to flock to mul­ti­plexes. • For the full story, head to Va­ri­ety.com.

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