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Words: Keiran SouthernProducer: Bianca Farmakis

Video: Instagram | F9

A string of blockbuster films and the easing of pandemic restrictions still may not be enough to save Hollywood from box office extinction, as the film industry suffers another bruising year.

Video: Instagram | Black Widow

While ticket sales have risen dramatically in the past 12 months, following the closure of cinemas throughout 2020, the figures pale in comparison to pre-Covid times.

Video: Instagram | A Quiet Place

Box office sales 

UK + Ireland(in millions)

USA film revenue (in billions)

2021$4.4 bn

2019$11.39 bn

2021$712m

2020$433m

2019$1.6 bn

Video: Instagram | Spiderman

Many in the industry had hoped for a stronger recovery but there were bright spots. Spider-Man: No Way Home swung onto screens in January 2022 and sales surged past the billion-dollar mark — the first film to do so since the pandemic. 

Video: Instagram | Shang-Chi

The Marvel films Black Widow and Shang-Chi and the Legend of the Ten Rings grossed $379 million and $432 million respectively, and No Time To Die took $774 million. A Quiet Place Part II and Fast & Furious 9 also performed well.

Video: Instagram | Venom

"There are still these important parts of the business that are not close to being back yet. We have to get to a place where this pandemic is thought of as a seasonal flu. We might be talking about years."

David A GrossFranchise Entertainment Research

Black Widow Cost: $200 millionMade: $360 million

Venom: Let There Be Carnage Cost: $110 million Made: $501 million

Spider-Man: No Way Home Cost:  $200 million Made: $1 billion+

Blockbuster or bust

No Time to Die Cost: $250 million Made: $774 million

Fast & Furious 9 Cost: $200 millionMade: $726 million)

Blockbuster or bust

The cameras are rolling, the stars are back — but with the state of cinema still up in the air, it may not be up to the directors to yell "cut".

Video: Instagram | 007

Original URL: https://www.theaustralian.com.au/web-stories/free/the-australian/will-blockbuster-films-save-the-box-office