‘X-Men’ studio Fox smashed the world record for box office in 2014
LOS ANGELES — With $5.5 billion in 2014 worldwide box office grosses, 20th Century Fox just eclipsed Paramount Pictures to become king of the global box office mountain.
With a mixture of home runs (X-Men: Days of Future Past, Dawn of the Plane of the Apes), doubles and triples (The Fault in Our Stars, The Maze Runner) and plenty of other solid hits (13 movies passed $100 million internationally) Fox took the title from Paramount, which held the record since 2011 (when it had Transformers: Dark of the Moon and Mission Impossible: Ghost Protocol).
Fox’s stellar 2014 worldwide outpaced Paramount’s 2011 by a whopping $350 million.
“This was a remarkable year for our studio, thanks to the talent of our filmmakers and our teams’ incredible work ethic, devotion and spirit,” worldwide theatrical co-presidents Paul Hanneman and Tomas Jegeus said in a joint statement issued by Fox. “We are all very proud of this success, and look forward to an even brighter 2015 and beyond.”
The studio even further outpaced the previous international record, hitting $3.73 billion overseas — more than $500 million better than the previous record. Fox has quietly asserted its worldwide dominance in this decade, besting all studios internationally (i.e. foreign territories only) four out of the past six years.
Fox was also the top domestic studio of 2014 with $1.79 billion.
The widening disparity between domestic and foreign box office just shows how much more important foreign audiences are to Hollywood. And it wasn’t that long ago — a handful of years, perhaps — that U.S. box office and overseas were a roughly 50-50 split.
But those days are long over, and fading fast: China alone grew its total year-over-year box office by 36% in 2014, after a 30% leap the year before, and is expected to overtake the U.S. as the world’s largest movies market early next decade.