'While I hesitate to say all audiences have returned, the trend line is moving closer to the point where most are willing,' says one analyst as monthly revenue hits nearly $1 billion for the first time since the pandemic began.
In all, June was up a staggering 141 percent from June 2021’s $409.2 million, but down 11.6 percent from June 2019’s $1.114 billion.
“It’s still a massive achievement. And figuratively, if the month lands just a few pennies short of the $1 billion milestone, it’s no less impressive,” box office analyst Paul Dergarabedian of Comscore tells“Publicly, there is a lot of celebration about the box office recovery,” one stop studio executive tellsAdds another Hollywood executive:
“We are still in a pandemic recovery mode and not back to pre-pandemic grosses and attendance, but the box office results this summer are significantly better than we expected, which has transformed into an unstoppable hit, grossing north of $1.11 billion globally since its Memorial Day release and still going strong a month later.
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