The cinema industry has faced challenges due to the COVID-19 pandemic, which forced cinemas to close for months, the rise of streaming services, and the Hollywood actors' and writers' strikes, which delayed production schedules.
Films like 'Wicked' and 'Moana 2' have performed exceptionally well, each earning nearly $600 million globally. 'Wicked' exceeded expectations, making a significant impact during Thanksgiving weekend in the US.
Global cinema attendance has shown a recovery, with 7.1 billion admissions in 2023 compared to 7.9 billion in 2019. This indicates a partial rebound, though streaming has influenced viewing habits.
The strikes delayed production schedules, and the effects may not be fully visible for a couple of years due to the long production times of films. However, the industry still managed to exceed its $8 billion revenue target in 2024, reaching $8.5 billion.
Nollywood has faced challenges, with cinemas struggling post-pandemic and major streaming platforms like Prime reducing their involvement. However, some filmmakers are achieving international recognition, and blockbusters like 'A Tribe Called Judah' have performed well, earning 1.6 billion naira.
Cinemas are investing in luxurious experiences, such as reclining leather seats and premium services, to enhance the viewing experience and justify higher ticket prices. AMC Entertainment, for example, plans to invest over a billion dollars in upgrading its cinemas.
Ramiro Alanis watched 'Spider-Man: No Way Home' 292 times in three months, setting the record for the most cinema productions attended of the same film. Zachariah Swope watched 777 films in a year, setting the record for the most films seen in a cinema in a year.
There’s nothing quite like going to see a new film in the cinema; the big screen, surround sound, buckets of popcorn and collective gasps from the audience. But the film industry has experienced a number of setbacks in recent years, including the pandemic, competition from streaming, and Hollywood strikes.
Annabel Rackham, a BBC culture reporter, talks us though whether cinema in the United States, and elsewhere, is bouncing back, and how mega hits like Wicked and Gladiator 2 are helping.
We also speak to Mr C, a film critic from Nigeria who now lives in the UK, about how cinema is faring in Nigeria. And Adam Chowdhury from the What in the World team quizzes Hannah on some (pretty surprising) film-related Guinness World Records.
Instagram: @bbcwhatintheworld Email: [email protected] WhatsApp: +44 0330 12 33 22 6 Presenter: Hannah Gelbart Producers: Adam Chowdhury and Mora Morrison Editor: Verity Wilde