close
close

The year is more than half over. Two big box office weekends are behind us – Memorial Day and July 4th. The crippling effect of COVID-19 on theater attendance has also eased. After several years of US ticket sales topping $11 billion, they fell to $2.1 billion in 2020 and $4.5 billion last year. So far this year, ticket sales have exceeded $4 billion.

The success of films is often measured by ticket sales, both domestically and internationally. This determines the total earnings and profits of a film. It’s a particularly critical benchmark because many films have higher ticket sales internationally than domestically.

Another sign of the health of the film industry is that eight films have grossed over $400 million in ticket sales, meaning they have fared much better than the average film gross. Several others recently released are likely to cross that barrier.

An unusually large number of the highest-grossing films are sequels. Jurassic World Dominion has grossed $837 million worldwide to date. Ticket sales for The Batman total $771 million. The number is $402 million for ‘Sonic the Hedgehog 2’

The highest-grossing film of 2022 so far is also a sequel. Top Gun: Maverick has grossed $1.126 billion in ticket sales worldwide. Almost half of that number comes from international earnings. The film is the only one to have grossed over $1 billion in box office this year.

The first Top Gun movie came out in 1986. The star of the film, Tom Cruise, was only 25 at the time. When the new film came out he was 59 and has just turned 60.

Top Gun: Maverick was destined to be a hit because the first one did so well. The worldwide box office was $334 million, which is almost $500 million when adjusted for inflation.

Another reason Top Gun: Maverick did so well is probably that it took two years to release after it was finished. COVID-19 delayed its premiere. Meanwhile, anticipation for its release was growing significantly, and people flooded theaters when it was released on May 27th.

Sponsored: Investing Tips

A financial advisor can help you understand the ins and outs of investment property. Finding a qualified financial advisor doesn’t have to be difficult. SmartAsset’s free tool puts you in touch with up to three financial advisors operating in your area and you can interview your matching advisors for free to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, start now.

Investing in real estate allows you to diversify your portfolio. But expanding your horizons can come with additional costs. If you are an investor looking to minimize your expenses, you should check out online brokers. They often offer low investment fees and help you maximize your profits.

Leave a Reply

Your email address will not be published.