Movies like Black Panther: Wakanda Forever, Avatar: The Way of Water, and Top Gun: Maverick may have helped boost box office sales in 2022, but they haven’t saved the industry from a lackluster year.
New estimates put the domestic box office set to end at about $7.35 billion for 2022, down 33 percent from 2019 when ticket sales took in more than $11 billion.
While the number is still up 68 percent from 2021, many Americans have once again turned to their streaming services to avoid having to leave their homes.
While the COVID-19 pandemic may be to blame in part for the low earnings, many in the entertainment industry seem to believe that the lack of desirable productions is the biggest cause for concern.
“Black Panther: Wakanda Forever” was one of the biggest blockbusters of the year, taking in more than $420 million domestically for The Walt Disney Company.
Margot Robbie’s “Babylon” opened the Christmas weekend with just under $5 million
Movie ticket sales over the Christmas weekend were $86 million from Friday to Sunday according to ComScore, down nearly 70 percent from 2021 when Spider-Man: No Way Home swung at the top of the charts.
“Avatar: The Way of Water” managed to win over the weekend, however, taking in $56 million over the weekend.
Even the production company that produced the biggest domestic movie of the year, Top Gun: Maverick ($718 million), has had its struggles.
“We’re still emerging from the COVID haze,” Paramount Pictures CEO Brian Robbins said in an interview with The Wall Street Journal.
“There are two films that barely made it to the finish line,” Robbins said.
The studio managed to claim five of the top 25 spots on the 2025 domestic box office list with Maverick, Sonic the Hedgehog 2 ($190 million), Smile ($105 million), The Lost City ($105 million), and “Scream” ($81). Million dollars).
Despite those numbers, Paramount’s CEO said he believes current output hasn’t returned the full range of potential customers in the post-pandemic world.
“Outside of the big tentpoles, the genre films and some family films, I don’t think we’ve seen audiences fully return,” Robbins said.
Top Gun: Maverick has grossed over $718 million domestically in 2022
Tom Cruise led Paramount Pictures to their biggest movie ever with Top Gun: Maverick
The film grossed over $1.4 billion at the global box office
Reubens may also have been weighing in on uninspired performances from some not so old movies with star power that faltered.
Margot Robbie, Christian Bale and John David Washington’s “Amsterdam” ($14 million), directed by David Oracel, lost millions after it cost more than $80 million to make, and despite a string of stars including Rami Malek, Robert De Niro, Anya Taylor Joey, Taylor Swift, Michael Shannon.
Similarly, Robbie’s Damien Chazelle-directed “Babylon” grossed $3.5 million in its first showing weekend over the Christmas holidays.
Brad Pitt, Jean Smart and Tobey McGuire star alongside Robbie in La La Land, which cost $110 million to make.
Margot Robbie and Brad Pitt star in Damien Chazelle’s Babylon, which grossed just $3.5 million in its opening weekend. The film cost 110 million dollars
Major winners of the year include The Walt Disney Company, which brought in $1.7 billion domestically thanks to Wakanda Forever ($427 million), The Way of Water ($279 million), and Doctor Strange in the Multiverse of Madness. ($411 million).
However, the same company also faced significant losses in the animation mark with Strange World ($35 million) which lost an estimated $100 million, and Lightyear ($226 million) which had a production budget of $200 million.
Lightyear’s box office numbers may have been dented after the film found itself in the midst of controversy surrounding Florida’s “Don’t Say Gay” bill.
The film originally featured a kiss between two characters who were briefly removed and then brought back by Disney executives.
Disney’s Strange World grossed just $35 million and was released on Disney+ one month after its theatrical debut.
Disney and Pixar’s ‘Lightyear’, which was part of the ‘Toy Story’ franchise, managed to recover its production budget, but only made $26 million back
The film became embroiled in the middle of Florida’s “Don’t Say Like Me” law and was criticized for featuring, removing, and then recreating a kiss between two characters.
Behind Disney in the category of box office winners is Universal Pictures with $1.6 billion domestically thanks to its sequel Jurassic World: Dominion ($376 million), and Minions: The Rise of Gru ($369 million).
Jordan Peele’s latest foray into the horror-suspense category, NOPE, ranks 14th on the list of highest-grossing films with $114 million.
Instead, Billy Eichner’s gay comedy “Bros” made Universal just $11 million domestically after costing $22 million.
Paramount Pictures was third on the list with $1.3 billion, followed by Warner Bros. Pictures. Pictures at $934 million, and Sony at $854 million.
A disappointing year for Warner Bros. which saw more than half of the domestic box office earnings of The Batman ($369 million) and Black Adam ($168 million).
Warner Bros. released it. Also, Fantastic Beasts: The Secrets of Dumbledore in April made just $95 million, which is a significant drop from previous films in the Harry Potter universe.
HIT: Disney’s ‘Doctor Strange in the Multiverse of Madness’ brought in $411 million domestically
FLOP: Lightyear barely made a profit after costing more than $200 million to make
HIT: Avatar: The Way of Water has brought in $279 million as of Christmas Day
FLOP: Universal Pictures ‘Bros’ made just $11 million
HIT: Thor: Love and Thunder has grossed just over $340 million after its July release
FLOP: Although “Amsterdam” cost over $80 million to produce, it only made $14 million in profits
HIT: Glass Onion: A Knives Out Mystery had the best of both worlds with a limited release in theaters and a wide release on Netflix in December
FLOP: Sony’s “Morbius” made just $74 million domestically
In total, only 71 films have been given “wide release” in North America in 2022.
The average domestic box office gross for a movie in 2022 was just over $100 million, according to ComScore.
Netflix and Rian Johnson’s Glass Onion: A Knives Out Mystery get the best of both worlds in 2022 after a limited theatrical release in November and a streaming service debut in December.
The film, starring Daniel Craig, Kate Hudson, Janelle Monae, Dave Bautista, Kathryn Hahn, and Edward Norton, was in theaters for just one week in fewer than 700 theaters, but managed to take in $13 million.
Other studios skipped the limited release and went straight to streaming services.
Hulu’s Prey released, the latest installment in the “Predator” franchise while Pixar and Disney debuted “Turning Red” directly on Disney+ in March.
Netflix’s Glass Onion has grossed $13 million after being in theaters for just one week
The movie debuted in just 696 theaters across the country before making its way to Netflix on December 23.
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