Barbie and Oppenheimer are huge box office hits, but their release only proves how bad the state of the box office actually is in 2023.
Summary SCREENRANT VIDEO OF THE DAY SCROLL TO CONTINUE WITH CONTENT Barbie and Oppenheimer are both making big waves at the box office despite releasing at the same time.
The Box Office is Shrinking The box office is slowly improving after hitting historic lows during the COVID-19 pandemic. The 2020 box office dropped $30 billion from a record-setting 2019. In 2021, it increased over 100 percent, but was still down 60 percent from 2019. In 2022, it surged 60 percent, but still came up short of 2019's numbers by 35 percent.
Barbenheimer led the charge for the biggest weekend so far in 2023 with a total domestic gross of $311.3 million across all releases. After Barbie and Oppenheimer, Sound of Freedom came in third place with $19.8 million and Mission: Impossible - Dead Reckoning Part One came in fourth place with $19.4 million, followed by a variety of other recent releases like Indiana Jones and the Dial of Destiny, Insidious: The Red Door, Elemental, and more all earning under $7 million.
This is accompanied by a sharp decrease in the number of movies released every year since the pandemic. In the first six months of 2019, 670 movies were released theatrically. In 2020 that number plummeted to 276, and has slowly grown to 381 in the first six months of 2023, barely more than half as many as 2019. Despite the thinner release calendar, average revenue per movie from the first half of 2023 is $11.5 million, 36 percent higher than the $8.4 million from 2019.
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