Global Box-Office Decline Was Even Steeper Than in US Last Year
- Sales slump in China, strong dollar crimped studios’ revenue
- Even measured in local currency, results outside US were worse
A cinema in Beijing.
Photographer: Wang Zhao/AFP/Getty ImagesThis article is for subscribers only.
Hollywood executives and theater owners have fretted loudly and often about the tough box-office in the US. Turns out it’s worse overseas.
Global ticket sales fell at a double-digit clip last year due to a sharp drop in China, the world’s second-largest market, along with contractions in Japan, South Korea and Germany.