Global movie ticket sales climb
Baku, March 30 (AZERTAC). International markets accounted for $25 billion in ticket sales last year, according to a report released at the CinemaCon trade show is Las Vegas. China alone is adding 13 movie screens per day.
Propelled by a string of hit family movies, global movie ticket sales set a record last year, climbing to $35.9 billion in box office revenue, according to a new report.
International markets accounted for $25 billion in ticket sales last year, up 5% from 2012 and 33% from just five years ago.
Hollywood's growing success overseas was one of the principal findings in the annual state-of-industry report released Tuesday at the annual CinemaCon trade show in Las Vegas, which drew 900 delegates from 69 countries.
"It was an incredible, fantastic 2013," Chris Dodd, chairman of the Motion Picture Assn. of America, told hundreds of studio executives and theater owners gathered at Caesars Palace.
Movie ticket sales in the U.S. and Canada hit $10.9 billion, virtually flat from a year ago. Admissions fell 1% to 1.34 billion, down from 1.5 billion in 2004, continuing a long-term stagnation in domestic theatrical attendance.
Underscoring the global theme of this year's event, an introductory cinema reel highlighted movies that had the highest international ticket sales last year, such as "Gravity," "Iron Man 3" and "Frozen."
That was a departure from previous CinemaCon events that singled out movies that had the highest domestic grosses.
During his keynote address, Dodd pointed to the rapid growth in China, which has been rapidly building its own theater industry and last year became the first international market to exceed $3 billion in ticket sales. China, Japan, Britain, France and India were the top-ranked international box office markets.
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