and Canada slightly increased, remaining above 20 percent for the second consecutive year. Despite Disney's recovery and eventual conquering of the coveted first place, Sony's box office market share in the U.S.
Whereas 2020 was a game-changing year for the industry, with Sony ranking first by market share for the first time in almost a decade, the studio kept a robust second place afterward. The average monthly revenue per Disney+ subscriber worldwide grew by nine percent in the first half of 2022 compared to the same period of 2021. Meanwhile, the holding's newest outlet for audiovisual productions continued to rise. Disney's box office gross in the North American market in 2021 amounted to 1.17 billion dollars, less than one-third of its 2019 revenue, which still excluded 20th Century. In the three following years, their combined annual average stood below 12. Both companies launched a total of 21 feature films across multiple cinemas in the U.S. After Disney acquired 20th Century Fox (now 20th Century Studios) along with its subsidiary Searchlight, their number of wide theatrical releases plummeted. The number of film premieres increased by 21 percent in 2021 but still accounted for little more than half of the average seen prior to the coronavirus outbreak.Īnother merger shortly before the pandemic also altered the cinema business in North America. A stronger focus on video-on-demand (VOD), arguably accelerated by the pandemic, might help to explain the industry's hesitation to release movies in theaters. dollars, announcing that it became part of its Prime Video streaming service and Amazon Studios. In early 2022, Amazon bought MGM (along with its subsidiaries, notably United Artists) for about 8.5 billion U.S.
But in the latter year, MGM's annual box office gross surpassed Paramount's by around 16 percent. Between 20, their combined market share in the two countries oscillated between 74 and 84 percent. At first glance, the hegemony of the "Big Five" – Disney, Paramount, Sony, Universal, and Warner Bros. While Hollywood's mediascape may seem the same on the surface, its tectonic plates continue to move and lead to seismic shifts in the film studio segment in the United States and Canada, collectively known as the North American movie market.
Movie studios in the United States and Canada – statistics & facts
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