Mumbai: The financial year 2023 - 2024 has been an important year for the film industry at Pan India. Not only in terms of content variation but also commercially it is a crucial year. The Ormax Box Office Report 2023 was published recently to overview Indian cinema trends and their arithmetic in the country.
As per Ormax Box Office Report 2023, the financial year became the first year to cross the 12000 crore mark at the Indian Box office.
Hindi cinema also saw one of the best years with year-end hits like ' Pathaan', and 'Jawan'. Before there was an allegedly contemptuous impression about Box office performance in the movie industry. Breaking that all odds, Bollywood marked 5380 crores at the Box office. The Hindi cinema Box office reached 44 per cent in 2023 from 33 per cent in 2022.
According to Report, Tamil, Telugu languages maintain the share market, but Hollywood and Kannada movies viewership declined from 12 per cent to 9 per cent and 8 per cent to 3 per cent respectively.
Of more than 1000 films released in the year 2023, only the top 10 films contributed to 40 per cent of the total box office collection. Jawan was the highest-growing film of 2023 with a gross box office collection of Rs 734 crore.
Particularly Jawan, Animal, Pathaan, and Gadar 2 these films individually crossed 600 cr marks. Followed by Salaar Part 1, Ceasefire, Jailer, and Leo the films that crossed the Rs 400 mark.
In the financial year Average Ticket Price (ATP) grew by 9 per cent compared to the year 2022, from Rs 119 to Rs 130. Most language industries except Hind struggled to hold previous years' performance.
According to the Report, the Gross Box office has risen by 15 per cent compared to the previous year. 2023, the industry witnessed tremendous growth with collection of Rs 1226 crores. In market share statistics, Hindi cinema garnered first position by securing 11 per cent shares, where it is followed by Tamil and Telugu holding onto their shares of the earlier year. Tamil became the second major language to see double-digit growth (14 per cent compared to 16 per cent in 2022.
In the box office collection 15 films secured position. At the first position, Jawan is highest grossing movie followed by Animal, Pathaan, Gadar 2, Salaar Part 1, Jailer, Leo, Adipurush, Tiger 3, The Kerala Story, Dunki, Ponnyin Selvan PS2, Varisu, Waltair Veerayya, Rocky aur Rani Ki Prem Kahaani.
In terms of the average ticket price, Hollywood secured first position then (Rs 237), Hindi (196), All India (130), Bengali (106), Kannada (103), Punjabi (102), Marathi (99), Telugu (94), Tamil (89), Gujarati (86), Malayalam (85), others (75). Despite 46 per cent growth in 2022, footfalls are well below pre pre-pandemic mark, with each year in 2012-2019.
According to disclaimers and claims made by Ormax, information is collected by various credible resources, such as producers, distributors, exhibitors, and trade analysts. All figures in this report are considered as estimates, which may vary, actuals by up to 5 per cent for Hindi, Hollywood, Telugu, Tamil, and up to 10 per cent for other languages.
