Fox Breaks Industry Record for Global Box Office
Ticket sales for Fox films hit $5.5 billion, blowing away the previous record
Thanks to a diverse slate that resonated with consumers, Fox set a new industry record at the worldwide box office in 2014.
Fox movies generated $5.5 billion in global ticket sales, well ahead of the previous industry record of $5.17 billion set in 2011 by Paramount, and one of the few times that revenue has hit the $5 billion mark.
The studio's performance in North America was particularly notable; it bested every other studio with $1.79 billion (the next closest is $1.619 billion for Disney). In recent times, Fox has lagged behind many of the other major studios in terms of domestic revenue. To boot, Fox was able to thrive despite the overall downturn at the domestic box office, where revenue tumbled by more than 5 percent, and attendance hit a two-decade low.
Internationally, where Fox has generally been a market leader alongside Warner Bros., the studio came in at $3.73 billion, besting the previous industry record by more than $500 million.
Domestic revenue was up a staggering 66 percent over 2013's $1.06 billion, while the international haul was up 60 percent over the $2.33 billion collected in 2013 (a soft year). Globally, Fox was up 63 percent year-over-year.
“This was a remarkable year for our studio, thanks to the talent of our filmmakers and our teams’ incredible work ethic, devotion and spirit. We are all very proud of this success, and look forward to an even brighter 2015 and beyond," said Paul Hanneman and Tomas Jegeus, Fox co-presidents of worldwide marketing and distribution.
Fox's biggest earner was Bryan Singer's X-Men: Days of Future Past, which earned a franchise-best $748 million worldwide in summer 2014, followed by sequel Dawn of the Planet of the Apes with $709 million.
And Fox's The Fault in Our Stars ($304.2 million) is one of the most profitable titles of 2014, costing just $12 million to make, while Gone Girl vastly exceeded expectations, earning $356.8 million globally to become David Fincher's most successful film of all time, not accounting for inflation. YA film adaptation The Maze Runner likewise overperformed to the tune of $339.8 million.
After Fox, every other major studio besides Paramount saw revenue decline in 2014.
Warner Bros. — which had a particularly tough year — came in No. 2 in terms of global revenue with an estimated $4.73 billion, but that was down from $4.98 billion in 2013. Overseas, however, the studio narrowly set a new record with $3.17 billion, up 1 percent from the year before. Domestically, the studio fell to No. 3 with $1.56 billion, down from $1.84 billion in 2013.
Enjoying its second-best year in history behind 2013, Disney placed No. 2 domestically with $1.61 billion, up narrowly from 2013, and No. 3 worldwide with $4.44 billion, down from $4.73 billion in 2013. Internationally, revenue fell from $3.13 billion in 2013 to $2.83 billion.
Paramount improved its standing considerably with $2.82 in worldwide revenue, fueled largely by Transformers: Age of Extinction, the only 2014 release so far to hit $1 billion globally. Worldwide, Paramount was up 24 percent from 2013 ($2.27 billion). In North America, Paramount placed No. 4 with $1.05 billion, compared to $967.3 million in 2013.
Landing at No. 5 worldwide was Universal with $2.52 billion, down from $3.68 billion in 2013 (the studio's biggest year in history). Domestically, revenue fell to $1.12 billion from $1.43 billion, while international dipped to $1.4 billion from $2.26 billion. Still, the studio can boast two of the most profitable films of 2014 with Neighbors and Ouija.
The hack-embattled Sony placed No. 6 globally with $2.49 billion, down from $3.05 billion. Overseas, revenue came in at $1.24 billion, compared to $1.91 the year before. Domestically, however, Sony was up from $1.14 billion to $1.25 billion.
Jan. 5, 10:30 a.m. Updated with revenue for other studios.