The global cinema industry is set to lose $32 billion in 2020 due to the COVID-19 pandemic, a 71.5% reduction in box office revenue compared to 2019, according to a recent report by media and tech research firmOmdia’s “Movie Windows: Adapting for the future” report finds that box office revenue has dipped below $13 billion for the first time in more than 20 years.
The report also states that premium VOD has accounted for only $630 million in revenues for studios in 2020.
Seems low
I saved thirty dollars, along with a billion other people.
CitizenKayS Putin doesn't like Hollywood.
Movies have gone the way of the painting. Only snobs with overflowing wine goblets will gather to watch movies in museums soon. How did movies become so boring in the first place? It’s the nepotism, stupid. Streaming waters down fame as it should be. Writers have the power now.
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