The actor and writer strikes that brought Hollywood to a halt for months this summer will result in fewer films in 2024 and an 11% drop in North American ticket sales.
Data tracker Gower Street Analytics on Tuesday predicted 2024 revenue of $8 billion, down from an estimated $9 billion this year. Global ticket sales will total $31.5 billion next year, a 5.7% decline, the firm predicts.
Gower Street’s global forecast for 2024 sees the year ending with ticket sales down about 20% from the average of the last three years — before the pandemic upended moviegoing. That will ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.