Global cinema box office recovered strongly in the first three months of the year, driven by the performance of “The Super Mario Bros. Movie” in many territories and a bumper Chinese New Year seaso…
The firm now projects that 2023 gross revenues will reach $32 billion, a 10% increase on its earlier estimate of $29 billion.
The China market has picked up quickly since cinemas were derestricted at the end of 2022 and Gower Street has revised its full year forecast upwards by a chunkier $1.2 billion . But it says it remains cautious. The rest of the world market gets a 10%, or $1.4 billion, upwards revision in Gower Street’s books to $16.2 billion .
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