Each January, the Motion Picture Producers Assn. of Japan holds a press conference to reveal the previous year’s box office data and its list of top-grossing films. One year ago — at what was then …
Each January, the Motion Picture Producers Assn. of Japan holds a press conference to reveal the previous year’s box office data and its list of top-grossing films.
“This year, the New Year’s box office got off to a good start,” said Motion Picture Producers Assn. of Japan chairman Yoshishige Shimatani. ”I think the movie industry is in for something of a vintage year.” According to Jefferies analyst Shinnosuke Takeuchi, consumers have become more selective in how they spend their free time during the pandemic. This has resulted in content with strong IP being favored by enthusiastic fans while others get ignored.
The pandemic has also not been kind to foreign films, which have been hit with delays, the association also revealed. The result was local films taking 79% of the market in 2021, up from 76% the year before.