News

Box Office Soars 6% in '12

By Robert Marich
   Jan. 12, 2013-Box office tracker Rentrak says domestic cinema revenue rose a healthy 5.88% in 2012 to $10.8 billion and overseas box office climbed 3% to $23.1 billion.
    The 5.88% revenue increase for the domestic market—the United States and Canada—was accompanied by 2.5% hike in attendance (or ticket sales and headcount—both are the same thing). Rentrak’s Ron Giambra, president of theatrical worldwide announced those figures and more in a press release (see link below).
   The uptick in 2012 refutes the doomsters who predicted cinema would wither in the wake of video-on-demand movies.
   A Variety story by Andrew Stewart indicates that there were fewer hit 3D releases, as 3D returns were particularly soft for family films. Also, indie films took a bigger slice in 2012 with films like Hunger Games from Lionsgate and Django Unchained from the Weinstein Co.
   Sony Pictures was the top studio, and Paramount, which was tops the prior year, finished last among the major studios, in part because of a light release slate. Indie leader Lionsgate beat both Paramount and 20th Century Fox.
For full text, click links below; this website’s text is fully searchable via searchbox at center left of hompage.
http://media.prnewswire.com/en/jsp/latest.jsp?resourceid=6119974&access=EH
http://www.variety.com/article/VR1118064201/
http://www.variety.com/article/VR1118064117/
http://www.marketingmovies.net/chapters/chapter-7-distribution-to-theaters/

The top studios of 2012 were:

RANK

DOMESTIC

MARKET SHARE

1

Sony (NYSE: SNE)

16.50%

2

Warner Bros. (NYSE: TWX)

15.39%

3

Disney (NYSE: DIS)

14.36%

4

Universal (NYSE: GE)

12.48%

5

Lionsgate (NYSE: LGF)

11.52%

6

20th Century Fox (NASDAQ: NWS)

10.44%

Source: Rentrak