Total box office revenue in the UK and Ireland in 2023 increased by 8% compared to 2022. Year-end profits exceeded £1bn for the first time since the pandemic.
According to figures released by ComScore, the final box office revenue for 2023 was £1,062,047,498. This is an 8.3% increase from his 2022 total of 980,516,136 pounds.
It is the first time that the annual box office revenue has exceeded £1 billion since 2019, when the box office revenue was £1.35 billion. £1.38 billion in both 2018 and 2017.
The Republic of Ireland had the strongest year-on-year growth in 2023, up 13%. Wales rose 10%, Northern Ireland rose 9% and England and Scotland both rose 8%.
The number of new releases increased by 9% to 1,013, which was also significantly higher than the pre-pandemic level (approximately 930). There were 164 distributors that released movies, an increase of 20.6% from 136 in 2022.
Final enrollment numbers for 2023 are not yet known, but are expected to exceed 130 million students, up from 127 million in 2022.
The year-on-year increase is partially due to an increase in the number of “saturated” releases (titles shown in 250 or more theaters), from 135 in 2022 to 174 in 2023. % increased. Although this is still a slight decrease compared to 186 in 2019, US airstrikes had an impact last year. But this is a promising sign of the future health of the sector.
Comscore noted that there are “no strong signs that the cost of living crisis will impact moviegoing,” adding that ticket prices still “appear to be affordable for the majority.”
He also highlighted the FOMO (“fear of missing out”) appeal of cultural moments like Babenheimer’s.
top title
Two titles that created a neologism, Warner Bros. barbie and universal oppenheimer, which led the year-end charts with £95.5m and £58.7m respectively. Warner Bros. also made it into the top 10. Wonka, £49.2 million and counting four and a half weeks after release. Universal held the third place title, but super mario bros movie 9th place with £54.8m Puss in Boots: Last Wish For £26 million.
Warner Bros topped the distributors chart with a box office revenue of £239.2m from 23 new films and 62 holdovers from before 2023. This was a 22.5% market share, an astonishing 53% increase from 2022, when it ranked third.
It had been a close race throughout the year, but it took away Universal, which earned £225.4 million (21.2% share). Disney, the top distributor in the UK and Ireland in 2022, has fallen to third place with £203.4m and 19.2% market share (down from £221.8m and 22.7% share in 2022).
oppenheimer It became the runner-up and second-highest Imax release in the region. Star Wars: The Force Awakens; one-fifth of Christopher Nolan’s historical drama total came from Imax screens. The film also received the highest “Overall Positive” rating in Comscore’s PostrTrak UK exit poll, with 97% of respondents marking it as “Excellent” or “Very Good”. barbie It received the highest rating of 97% with only “very good” rating.
Unsurprisingly, summer has been the strongest period of the year, with six of the top 10 published in the three months starting in May. In a sign that diversity is slowly returning to the market, films from the top 10 distributors accounted for 91.5% of box office revenue, down from 93.6% and 95.7% a year ago.
British and Irish titles
This year has been a disappointing year for homegrown films in the UK and Ireland, with local production down 9% compared to 2022 (£123.6m vs £135.8m).
Wonka It dominates British and Irish productions, with box office receipts to date of £49.2m, more than the rest of the top 10 combined. Comscore predicts the film will gross more than £60 million by the end of its run.
After that, the No. 2 title took a significant step back. Pathe UK great fugitivereleased by Warner Bros., and made £5.3 million.
Commenting on the overall figures, British Film Institute chief executive Phil Clapp said: “Given the challenges faced by UK box office companies during the year, in particular the significant increase in operating costs, this positive box office return for 2023 is welcome. Recovery. This is another step on the road to.”
Andy Leychon, CEO of the Film Distributors Association, said: “To have surpassed the £1bn box office threshold again is a huge milestone for our industry and we look forward to the coming years. There is an exciting public lineup planned, so we hope to see it as well.” We will be able to continue our good momentum. ”
ComScore numbers measured a 52-week period from Friday, January 6, 2023, to Thursday, January 4, 2024.
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