Writer’s Strike Contributes to Projected Decline in 2024 Global Box Office Sales: Analyst Firm

Hollywood actors join the industry’s writers on the picket line after their union, the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA), authorized a strike against major studios, outside of Warner Bros. Studios in Burbank, Calif., on July 14, 2023. Jill McLaughlin/The Epoch Times

A film industry analyst firm is forecasting the global box office market to sink to $31.5 billion in 2024.

According to a report by the London-based Gower Street Analytics, 2024’s global box office performance will fall approximately 5 percent below the firm’s 2023 global box office estimate at $33 billion.