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ENTERTAINMENT AND THE JAPANESE YEN

I created this posting a few days ago, and thought it was too busy and statistical to post.  Had just about made up my mind to just toss it away, then I thought, perhaps a few of you actually desire numbers and such.  So why waste all this work.  For most of you who don't like this kind of detail,
 just skip this early portion and scroll down to my usual style--where there is this row of asterisks--for I will then write about the wonderful state of the Yen vs Dollar conversion rate if you have Japan in your travel plans.   But, whoops, certainly looks like, again, too much data.  So I add a second row of asterisks for many to scroll down to save time.  Then, like yesterday, a segue into best films and a Taylor Swift sighting in London.

So anyway, have you been going to your hometown movie theater lately?  From Box Office Mojo, here are the figures by year for the USA.


Year
Total Gross%± LYReleasesAverage#1 Release
1977$443,497,461+290.6%9$49,277,495Star Wars: Episode IV - A New Hope
1978$826,413,013+86.3%13$63,570,231Grease
1979$1,229,428,453+48.8%40$30,735,711Superman
1980$1,642,400,771+33.6%68$24,152,952Star Wars: Episode V - The Empire Strikes Back
1981$898,686,960-45.3%56$16,047,981Superman II
1982$3,001,761,432+234%132$22,740,616E.T. the Extra-Terrestrial
1983$2,738,195,414-8.8%149$18,377,150Star Wars: Episode VI - Return of the Jedi
1984$3,066,288,000+12%169$18,143,715Ghostbusters
1985$3,017,379,323-1.6%191$15,797,797Back to the Future
1986$3,065,297,715+1.6%201$15,250,237Top Gun
1987$3,343,230,996+9.1%226$14,793,057Beverly Hills Cop II
1988$3,542,179,944+6%239$14,820,836Who Framed Roger Rabbit
1989$4,084,060,815+15.3%235$17,378,982Batman
1990$4,326,824,577+5.9%236$18,334,002Ghost
1991$4,336,073,530+0.2%253$17,138,630Terminator 2: Judgment Day
1992$4,519,644,026+4.2%247$18,298,153Batman Returns
1993$4,823,116,106+6.7%267$18,064,105Jurassic Park
1994$5,061,909,583+5%259$19,544,052The Lion King
1995$5,106,129,264+0.9%291$17,546,835Batman Forever
1996$5,600,750,973+9.7%306$18,303,107Independence Day
1997$6,077,250,085+8.5%310$19,604,032Men in Black
1998$6,696,278,852+10.2%334$20,048,739Titanic
1999$7,340,708,198+9.6%448$16,385,509Star Wars: Episode I - The Phantom Menace
2000$7,476,224,972+1.8%439$17,030,125How the Grinch Stole Christmas
2001$7,959,296,828+6.5%412$19,318,681Harry Potter and the Sorcerer's Stone
2002$9,164,913,438+15.2%570$16,078,795Spider-Man
2003$9,232,953,228+0.7%667$13,842,508Finding Nemo
2004$9,354,636,012+1.3%700$13,363,765Shrek 2
2005$8,833,618,311-5.6%676$13,067,482Star Wars: Episode III - Revenge of the Sith
2006$9,203,041,941+4.2%746$12,336,517Pirates of the Caribbean: Dead Man's Chest
2007$9,679,019,852+5.2%775$12,489,057Spider-Man 3
2008$9,652,648,585-0.3%725$13,313,998The Dark Knight
2009$10,615,886,283+10%646$16,433,260Transformers: Revenge of the Fallen
2010$10,585,388,159-0.3%651$16,260,196Avatar
2011$10,155,695,359-4.1%731$13,892,880Harry Potter and the Deathly Hallows: Part 2
2012$10,843,641,372+6.8%807$13,436,978The Avengers
2013$10,955,524,800+1%826$13,263,347Iron Man 3
2014$10,368,861,849-5.4%849$12,213,029Guardians of the Galaxy
2015$11,148,780,747+7.5%845$13,193,823Jurassic World
2016$11,375,225,455+2%855$13,304,357Finding Dory
2017$11,075,387,520-2.6%854$12,968,837Star Wars: Episode VIII - The Last Jedi
2018$11,892,160,011+7.4%993$11,975,991Black Panther
2019$11,363,360,031-4.4%910$12,487,208Avengers: Endgame
2020$2,113,846,800-81.4%456$4,635,628Bad Boys for Life
2021$4,483,010,556+112.1%441$10,165,556Spider-Man: No Way Home
2022$7,369,521,886+64.4%499$14,768,580Top Gun: Maverick
2023$8,908,261,473+20.9%589$15,124,382Barbie
2024$3,167,381,317-317$9,991,739Dune: Part Two

A few noteworthy points:

  • While 2023 had 589 new films, 1977 had only 9.  Except that I looked at another site, and it had a list of 35 films for 1977.  So what is the truth?  Well, 35 is still less than 10% of the past quarter century, and less than 4% of 2018 when 993 new films were released.
  • In 1978, each film averaged gross revenues of $63,570,231, or in 2024 dollars, a value of $297,000,000.
  • In 2023, each film averaged $15,123,382, or 4 times less than in 1978.  However, when you consider that the revenues of 1978 should be inflation-enhanced to $297,000,00, the films of 1978 made nearly 20 times more than those of 2023.
  • From 2015 to 2019, grosses of from $11 million to $12 million.
  • Then the pandemic came, and the 2010 gross dropped to only a little more than $2 million.
  • Better in 2022 and 2023, but 2024 seems be plateauing, and could end up lower than 2023.  The gross/film is now less than $10 million, the second worst since 1977 to the $4.6 million of the prime pandemic year, 2020.  The Hollywood strike hurt.
  • Global cinema admissions dropped from 7.9 billion in 2018 to 1.9 billion in 2020 and 2021.
  • The forecast is 7.2 billion in 2027.
  • 2023.

Highest-grossing films of 2023[15][16]
RankTitleDistributorWorldwide gross
1BarbieWarner Bros.$1,445,638,421
2The Super Mario Bros. MovieUniversal$1,361,992,475
3Oppenheimer$976,148,584
4Guardians of the Galaxy Vol. 3Disney$845,555,777
5Fast XUniversal$714,582,375
6Spider-Man: Across the Spider-VerseSony$690,897,910
7Full River RedChina Film$634,631,282
8WonkaWarner Bros.$632,302,312
9The Wandering Earth 2China Film$604,460,538
10The Little MermaidDisney$569,626,289
The U.S. is continuing to lose ground to the world.  They already have higher revenues than the domestic gross.  China overtook the USA in 2020, and this difference is growing.  Through some averaging by FlixPatrol:
  COUNTRY  GDP Per Capita  Population  Tickets  Box Office Revenues
                                                     (all in millions.......)  (billions)
  • USA          $63,051            328.2            1.1           $10.3
  • China        $17,206         1,400.0            1.7               9.3
  • Japan        $43,194             136.0            0.2              2.4
  • France      $45,454               67.1            0.2              1.6
  • India         $  6,283         1,352.6             1.6              1.6
  • S Korea    $44,292              51.7              0.2             1.6
  • UK           $46,827              67.9              0.2             1.6
  • Germany  $53,571              83.2              0.2             1.3
  • Canada    $52.144              38.0              0.1             1.0
Global cinema admissions won't rebound even by 2027, according to accounting firm PwW.
  • World admissions will reach 7.2 billion in 2027, but this was 7.9 billion in 2019.
  • But revenues will reach pre-pandemic levels of $46.5 billion by 2025, and further grow to $52.1 billion in 2027.
  • China will lead the world in 2027 with revenues of $13.2 billion.
  • The U.S. is forecasted to reach $11.9 billion in 2027, about what it was in 2018.
  • China banning film can hurt today.
    • Began in 1923 with The Ten Commandments.
    • The 1931 Frankenstein, 1933 Alice in Wonderland, etc.
    • However, Marvel worked out differences with China.
    • Only a few newer films remain unavailable.
    • Barbie and Oppenheimer had initial problems, but they are now being shown in China.  These are the most recent films I've seen in a movie theater during the opening weekend of Barbenheimer.

*********************************************************************

Plan to go to Japan?  Have you been watching the Yen vs Dollar conversion?  

  • Waddled between 100 and 110 Yen to the Dollar for two years, then began climbing in March 2022, hitting 150 in October.
  • Dropped below 130 in January of 2023.
  • Back up to 150 in November of 2023.
  • Dipped down to 140 at the end of last year.
  • On April 29 reached 160.
  • Today, still around 159.
  • However, if you look back to 1971.
  • Going backwards, was at the 150+ range in the late 80s, then zoomed up to 250 in the mid to early 80s, then shot up to 300 in the 70s, and finally 350+ in 1971.
  • However, dropped to 75 in 2011.
  • Should you buy Japanese Yen today, anticipating a drop?

MonthOpen, ¥Low-High, ¥Close, ¥Total,%
June157154 - 1631590.6%
July159157 - 1661643.8%
August164163 - 1671654.4%
September165165 - 1721697.0%
October169169 - 17717410.1%
November174166 - 1741697.0%
December169163 - 1691654.4%
2026
MonthOpen, ¥Low-High, ¥Close, ¥Total,%
January165165 - 1711686.3%
February168168 - 1751728.9%
March172172 - 17917611.4%
April176171 - 17717410.1%
May174174 - 18217913.3%
June179179 - 18618315.8%
July183183 - 19118819.0%
August188180 - 18818315.8%
September183183 - 19118819.0%
October188184 - 19018718.4%
November187178 - 18718114.6%
December181173 - 18117611.4%
End of 2027
YearAgencyMinimum, ¥Maximum, ¥
2027LongForecast204225
2028LongForecast209220
2027WalletInvestor195.915211.170
2028WalletInvestor211.197226.488

**************************************************************************
I don't plan to return to Japan until the Spring of 2026, for the travel blossoms, and, more so, the Osako Expo.  But if the Yen to Dollar exchange rate zooms up to 200, maybe there will be more.  On the down side, fewer Japanese will travel away to places like Hawaii, so our local economy will suffer for a couple more years, at least.

This list of ten places ends with Alan Arkin as Grandpa Hoover in Little Miss SunshineRotten Tomatoes scores of 84/79.  And while we're here, you've got to watch that final dance scene.  In fact, here are more dance scenes, 13 minutes and 48 seconds to make your day. 


I fell into my subject of the day because during the past ten days--dominated by the Tokyo Summer Olympics--I actually watched only the finish of several films, one of them coincidentally, yet purposefully, twice.  Since July 23 not once have I gone to Netflix or Prime.


Flipping around channels, I saw left was 20 minutes of the 1999 Notting Hill, given 83/79 scores by Rotten Tomatoes.  What a happy ending.  No need for details, except it starred Julia Roberts and Hugh Grant.  You either saw it or not, liked it or not.

I can keep doing this all day, so will stop here.  Go to this article to see the rest.

Taylor Swift's Eras Tour is in London. at Wembley Stadium.  Prince William and his two eldest children, Prince George (10) and Princess Charlotte (9).  Wife Kate remains in a tenuous medical state.  Of course, Travis Kelce was there.  Oh, The Prince of Wales was celebrating his 42nd birthday.  They went backstage and took some photos, including a selfie, which appeared on Instagram.

-

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