Entertainment

Box Office Revenue Hits Record High Of $41.7 Billion In 2018

Oscars (Credit: Featureflash Photo Agency/ Shutterstock)

David Hookstead Smoke Room Editor-in-Chief

Box office revenue soared in 2018, and hit a record high.

The Hollywood Reporter reported the following Wednesday afternoon:

Global box office revenue for 2018 hit an all-time high of $41.7 billion, thanks to a hefty uptick of nearly 7 percent at the North American box office.

Domestic revenue came in at a record $11.9 billion, eclipsing the milestone set in 2016 ($11.4 billion) by 4 percent, Comscore announced Wednesday. Year-over-year, revenue was up 6.7 percent over the $11.1 billion collected in 2017.

In terms of the number of people going to the movies in 2018, attendance in North America is expected to be up 4 to 5 percent. An official statistic won’t be available until the average ticket price for the fourth quarter is tallied.

Nearly $42 billion was made in the past 12 months. That’s absolutely insane! We’re talking big money and tons of cash in 2018. You know when people talk about how nobody cares about Hollywood and it doesn’t matter? (RELATED: This Latest Superhero Movie Is Expected To Make A Sickening Amount Of Money)

Well, they might have some points that are valid, but clearly people care because people spent nearly $12 billion alone in America. Moviegoers made it rain at the box office!

Superhero movies have certainly helped crank the numbers up. Just look at how well “Aquaman” has done over the past couple weeks. The movie is rapidly closing in on a billion dollars at the box office, and that’s just one movie.

I can’t wait to see how much money gets raked in over the next 12 months in 2019. There’s going to be plenty of cash going around. You can bet on that.

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