The box office in North America enjoys a great moment, thanks to movies such as Rogue One: A Star Wars Story. Another production that is fueling the movie industry is Illumination and Universal's animated offering Sing. The box office in North America will break a new record this year. Revenues for 2016 have already crossed $11.05 billion this Monday and will break the record $11.14 billion set in 2015. An industry leader projects that this 2016 revenues will reach $11.3 billion.
Growing Revenues
Through Monday, revenue has increased 2.3 percent compared with the same period of the last year. As you can see, the increase has not been huge but it has been able to break a new record for Hollywood.
Rogue One: A Star Wars Story
Disney has had a great year because of its productions and this is one of the reasons that make this new record possible. Its mid-December release Rogue One: A Star Wars Story, was able to earn the stunning sum of $96.1 million over the long Christmas weekend. Even more, this movie could jump the $300 million mark domestically on Monday. This has been a successful and profitable production.
Illumination and Universal's Sing
Illumination and Universal's animated offering Sing has helped increase revenues too, coming in at No. 2. This production also helped box-office revenue surpass $11 billion and break a new record in the movie industry. The music-themed film is great and it got $56.1 million in revenues for the Friday-Monday stretch, thus, its six-day launch reached $76.7 million. The family title has been able to conquer the second place, it opened Wednesday.
Hollywood keeps growing in spite of widening economic gap
Hollywood keeps reaching higher volumes of sales and revenues even though there is a growing gap between the rich and poor. The movie industry has been able to overcome challenges and set new records. This will be possible while great companies keep producing high-quality movies that captivate the hearts and minds of the audience.
