The global box office reached a record $41.1 billion last year, the Motion Picture Association of America announced Thursday in its annual report.
The growth was primarily driven by the $11.9 billion earned in domestic theaters from hits like “Black Panther” and “Avengers: Infinity War” and critical favorites like “A Star Is Born.”
Home entertainment, meanwhile, saw an even bigger growth of 16 percent year-over-year to $55.7 billion, bringing the total global entertainment market to $96.8 billion.
That surge for home entertainment is thanks in large part to a 27 percent increase in streaming/online video service subscriptions, which passed cable subscriptions for the first time ever with 613 million worldwide. The MPAA also found that Americans now spend 52 percent of their media time on a digital platform.
Also Read: 'Captain Marvel' Scores $69 Million in Second Weekend at Box Office
“In today’s dynamic marketplace, stories come to life for audiences in theaters, at home,...
The growth was primarily driven by the $11.9 billion earned in domestic theaters from hits like “Black Panther” and “Avengers: Infinity War” and critical favorites like “A Star Is Born.”
Home entertainment, meanwhile, saw an even bigger growth of 16 percent year-over-year to $55.7 billion, bringing the total global entertainment market to $96.8 billion.
That surge for home entertainment is thanks in large part to a 27 percent increase in streaming/online video service subscriptions, which passed cable subscriptions for the first time ever with 613 million worldwide. The MPAA also found that Americans now spend 52 percent of their media time on a digital platform.
Also Read: 'Captain Marvel' Scores $69 Million in Second Weekend at Box Office
“In today’s dynamic marketplace, stories come to life for audiences in theaters, at home,...
- 3/21/2019
- by Jeremy Fuster
- The Wrap
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