As the US box office continues to struggle this year, the Australian cinema box office looks like its going to enjoy another year of good revenue. In fact, with the way several key films have done and are currently raking in ticket sales it is likely that this year’s profit will be a record breaker, exceeding the $907.2 million mark set in 2004. Compared with last year’s earnings, this year’s box office takings are so far 2% higher than that of 2007.
Currently 20 films have already passed the $10 million mark within the year, which in Australia is equivalent to the US$100 million mark in Hollywood. This indicates that this year will indeed a year of blockbusters since the average number of films to hit the mark each year is 22. With several months more to go and a lineup that is sure to keep the Australian box office fat, it won’t be surprising to see more than 22 films hit the mark this year.