December 9, 2024
The Saudi Box Office in November 2024 featured a mix of international and regional hits, appealing to the diverse tastes of moviegoers.
The global box office enjoyed a stellar November, with total figures hitting record highs. Domestic (North America) revenue surged to US$1.19 billion, while international revenue soared to US$1.36 billion. This impressive growth culminated in a total global revenue of US$2.55 billion, reflecting a significant 21.4% boost.
This increase is 38% above the same month last year and the highest-grossing November since 2019! Compared to the average of the last three pre-pandemic years (2017-2019), the gap was just -13%. The sub-regions of Europe, the Middle East, and Africa (EMEA) and Latin America even returned to pre-pandemic levels. After 11 months, the total global box office is estimated to have reached US$27.3 billion in 2024.
The driving force behind these numbers was Venom: The Last Dance, which, despite debuting in October, continued its strong performance into November. The film’s total take stands at a whopping US$468 million. Among the top global releases were Gladiator II (US$338.3 million), Wicked Part 1 (US$392.34 million), and Moana 2 (US$465.01 million).
Regionally, in Saudi Arabia, November 2024 witnessed a remarkable increase in total admissions, with figures reaching SAR 64.3 million, up 14% from October. Reflecting the global trend, the surge in the November Saudi box office was led by Venom: The Last Dance, which garnered SAR 3.6 million in its third week and first week of November. The Sony superhero film accumulated a total of SAR 8.5 million in November alone, bringing its cumulative earnings to SAR 17.7 million.
Other standout blockbusters included Gladiator II, raking in SAR 14.5 million over three weeks, Wicked, which conjured up SAR 3.1 million in two weeks, and Moana 2, opening with a record-breaking SAR 5.6 million, surpassing Gladiator’s SAR 5.4 million opening.
Notably, the Arabic film El Hawa Sultan collected SAR 8.9 million over three weeks, highlighting the diverse appeal at the Saudi box office.
As the largest cinema advertising representative in the Kingdom, Motivate Val Morgan reports staggering growth in their circuit’s admissions. The total number of admissions for November 2024 is reported at 1.32 million, a 28.7% increase from October.
Looking ahead, the regional box office, especially in Saudi Arabia and UAE, is poised for an exciting lineup of releases in December, including highly anticipated titles such as Kraven the Hunter, Sonic the Hedgehog, and Mufasa: The Lion King. With this promising slate, the momentum from November’s robust performance is set to continue, creating a thrilling cinematic journey for audiences and a prime opportunity for advertisers to engage with moviegoers.
Source: MVM CineMeasure, The Saudi Film Commission, The Box Office Mojo, Gower Street
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