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And food and beverage consumption remains highly elevated with worldwide per caps up over 25% versus 2019. Similarly, our box office mix from D-BOX motion seats is up 100 basis points over this same time frame. That mix represents a 400-basis-point increase relative to the second quarter of 2019. Almost 15% of our second quarter box office at Cinemark was derived from our premium large-format auditoriums XD and IMAX, even though they only account for 5% of our screens. And not only are consumers clearly demonstrating their strong sustained interest in theatrical moviegoing, but we continue to see significant growth in upgrades to premium amenities and food and beverage, even in the midst of a high inflationary environment. These remarkable results across a wide range of films clearly demonstrate that consumer enthusiasm for theatrical moviegoing is as strong as ever across all categories of audiences.
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Older audiences couldn't help falling in love with the release of Elvis, which continues to hold exceptionally well with minimal week-to-week drops and already has grossed more than $130 million of domestic box office.Īnd then, of course, there is the phenomenon Top Gun: Maverick, which has already surpassed Titanic's original run to become Paramount's biggest movie ever with more than $650 million of domestic box office and it is still going. So, much so, it is now A24's highest-grossing film of all time. Horror and suspense audiences have been thrilled by titles like The Black Phone and Nope, Specialty film fans were enthralled by Everything Everywhere All at Once. And Jurassic World Dominion, which opened in line with its predecessor, Fallen Kingdom from 2018.įamilies came out in droves for films like Sonic the Hedgehog 2, generating almost 30% more box office than its first installment, and more recently, Minions: The Rise of Gru, which became the 4th of July weekends biggest opening film in history. Strange in the Multiverse Madness, which delivered 75% more domestic box office than the first Doctor Strange. During the second quarter, action and superhero fans were captivated by films like Dr. Meaningful advances have been made in the return of older, female, and family moviegoers, which are audience segments that have been slightly lagging and those advances have helped produce multiple performance records across numerous categories of films. Furthermore, as we've indicated in the past, moviegoing begets moviegoing, and a growing volume and diversity of new releases with a steadier week-to-week release pattern continues to bring a wider range of audiences back to theaters. We have certainly witnessed that improving sentiment over the past few months as June and July delivered gross domestic box office receipts that were approximately 90% of 2019's results. According to ongoing weekly surveys conducted by NRG between 85% to 90% of moviegoers continue to indicate they are now comfortable returning to movie theaters.
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North American industry box office exceeded $2.3 billion during the quarter, which was nearly triple that of 2Q 2021.Ĭontinued improvement in consumer sentiment regarding the pandemic and moviegoing, as well as a more consistent release cadence of compelling new films with broad consumer appeal and an exclusive theatrical window, culminated in the highest quarterly box office yet since the onset of the pandemic. Following numerous examples of strong individual film performance in the first quarter that delivered results in line or better than pre-pandemic expectations, the second quarter marked another significant step forward in the resurgence of the theatrical exhibition industry's recovery from COVID-19. We appreciate you joining us to discuss our second quarter 2022 results. Thank you, Chanda, and good morning, everyone.