An animated tale starring hordes of flesh-eating fiends might not seem like traditional cinema material, but that’s precisely what the latest Demon Slayer film demonstrated to be.
The film set new records for Japanese animation, earning over $70 million on its opening weekend in the United States and surpassing £535 million globally. To put that in context, the animation classic Ghost in the Shell, which debuted in 1995, earned approximately £2 million worldwide.
In the spanning three decades, anime has transformed from an underground cultural curiosity to a veritable lifeline during one of the most severe fall cinematic downturns in recent memory.
“We have spent the last eight years building this fandom,” says an executive from a major anime platform. “Following the pandemic, that community has just persisted to expand.”
A key factors to its triumph has been the slow cultivation of a worldwide audience for franchises like Demon Slayer, which features a successful TV series and a previous box office hit with 2020’s Demon Slayer the Movie: Mugen Train.
Anime originated in Japan during the 1950s, but its definitive world breakthrough came in 1988 with Akira. This futuristic tale pioneered a darker, sophisticated brand of animation whose influence can be seen throughout contemporary media.
Today, Demon Slayer represents anime breaking into mainstream cinema and establishing Japanese animation as a valuable source of intellectual property in an era where IP is king. Most anime start life as manga, offering years of source material for studios looking to develop them into Marvel-sized franchises.
Its new globalised reach means anime appears in unlikely places. Olympic athletes, Premier League footballers, and other athletes have referenced anime in their triumphs. Some observers have labeled the art form as “a common language for young people all over the planet.”
“It’s part of young people’s self-expression,” says an anime expert based in Tokyo. “I think that really is fuelling this surge of anime, not just in the US, but globally.”
The spike in interest is also linked to “Oshikatsu,” a phenomena of devout fanaticism supercharged by trends like K-pop. Enthusiasts don't only watching; they are buying merchandise and posting their fandom on social media.
The Japanese government is betting big on anime as a key part of its “Cool Japan” strategy. This cultural diplomacy effort aims to boost the economy by harnessing hardcore fandom to drive tourism. Leaders hope the strategy can generate significant revenue annually by 2033.
This marks a step change for a country traditionally protective of its culture. “Japan's home market was large enough for a long time,” notes the Tokyo-based expert. “It was an secondary consideration to share this culture globally.”
In the world of anime streaming, giants like Netflix are significant players. The streamer reports that the number of subscribers watching anime on its platform has tripled in the last five years, with voice-overs produced in dozens of languages to meet worldwide demand.
The roadmap is filled with major stories. Second and third films in the Demon Slayer saga are planned, although fans will have to wait until 2027 and 2029. Before then, a real-world adaptation of One Piece and new seasons of other popular series are set for release.
The narratives are epic, but so are the financial rewards of anime’s seemingly unstoppable rise on the world stage.
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