Global Box Office Hits New High Thanks to ‘Jurassic World,’ ‘Star Wars’ and China

Jurassic World
Courtesy of Universal

The global box office topped $38 billion for the first time in history, Rentrak reported on Sunday.

Ticket sales reached landmark levels on the strength of a blockbuster-heavy slate of films that included four of the seven highest-grossing films of all time in “Jurassic World,” “Avengers: Age of Ultron,” “Star Wars: The Force Awakens” and “Furious 7.”

Those four films, and “Minions,” all topped $1 billion in ticket sales, the first time that has happened in a single year.

These pictures helped the North American box office rebound from a down year in 2014, with ticket sales climbing 6.3% domestically to more than $11 billion. It also got an assist from China, where receipts topped out at $6.8 billion, a nearly 50% improvement from the previous year. Those gains came despite the fact that the Chinese economy slowed to its lowest growth rate — an official 7% — in over a decade.

Nor was China the only problem spot in the globe. Russia’s currency continued to teeter, the Euro lost value relative to the dollar, and the debt crisis in Greece sent shockwaves throughout Europe. Moviegoing remained popular despite the tumult, although the weaker European currency did negatively affect the foreign grosses of U.S. blockbusters.

Final ticket sales are still being tallied, so it’s possible that receipts could end up even closer to $40 billion for the calendar year. As it is, the worldwide haul will be at least a 3.5% hike from last year’s record-setting $36.7 billion haul and a 5.8% rise from 2014’s $35.9 billion in revenue.

Looking ahead, the box office faces some headwinds. There are concerns that 2016 won’t be able to surpass last year’s results, because films such as “Batman v. Superman: Dawn of Justice” and “Captain America: Civil War” won’t be able to match the “Star Wars” and “Jurassic Park” sequels.

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  1. Ebo says:

    So what if doesn’t, does every year’s box office need to surpass the previous one’s, or else Hollywood and all of cinema are doomed? That is a pretty disturbing and very unnecessary view to have.

  2. KB says:

    Another Marvel movie that is highly anticipated and may be a huge hit, is Doctor Strange, which is due out Oct 26th. So that could help this year’s box office sales to be high.

  3. therealeverton says:

    Civil War is expected to be even better than Winter Soldier (Exceptionally well received by critics and audiences. With most of The Avengers, and the first appearances of Black Panther & Spider-Man give it every chance of being Marvel Studios’ biggest hit to date. I know Man of Steel isn’t the best of indicators of “universally” appreciated entertainment, but if they get it right a film with ?Batman, Superman & Wonder Woman certainly has that X-factor AND nostalgia element that worked for Jurassic World and Star Wars Ep 7. Then there’s Bryan Singer’s latest X-Men, the most “spectacular” X-Men film yet, A Chinese co-produced Kung Fu Panda has to have a shot at $1b,

    Then there’s The Jungle Book, Alice In Wonderland 2, The B.F.G,Independence Day 2, Ice Age 99, Ghostbusters, Star Trek all wouldn’t be “shocks” if they hit $1b +, even if they are not by any means certainties to do so.

    The list of films with the potential to pass $1b is very long. The number that could pass $1.5 is more than just 3 or 4 as well AND, given how things turned out this year, you could argue that we even have 1 or 2 films that should be down as “long shots” for $2b or more (Independence Day2 not the least of them.

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