There is a new COVID-19 stimulus bill that provides $15 billion in aid and makes illegal streaming of movies a felony. It's for this reason directors such as Nolan and James Cameron asked Congress to provide some sort of relief for theaters. That obviously couldn't happen in 2020, due to stay-home orders, theaters remaining closed in key markets, people avoiding public gatherings out of caution, and a dearth of high-profile titles. Their entire model is dependent on large groups of viewers coming together to watch new releases on the big screen. All businesses were impacted by the ongoing pandemic, and theaters were hit particularly hard. Given the circumstances, these numbers shouldn't come as a shock, though they still illustrate the dire situation movie theaters are in as 2021 approaches. The domestic box office this year was a meager $2.06 billion, down 81 percent from a year ago. Per The Wrap, the 2020 global box office is projected to be down $30 billion when compared to 2019. Related: The Biggest Movie News Stories of 2020 Unsurprisingly, the box office continued to struggle during the latter part of the year and the numbers are far worse than they were in 2019. High-profile films such as No Time to Die and Black Widow, which were scheduled for fall premieres, got pushed back to 2021. However, Christopher Nolan's latest faced an uphill climb at the box office and earned just $57.9 million domestically, causing another wave of release date delays. Of course, that was before the coronavirus pandemic took a turn for the worse in mid-March and ravaged the entertainment industry.Īfter theaters closed in the spring, there was an attempt to rejuvenate exhibitors in late August and early September with the release of Tenet.
Heading into 2020, the belief was it'd be a smaller year by comparison, but there were still plenty of anticipated tentpoles projected to do very well commercially.
Last year, multiplexes reaped the benefits of nine $1 billion blockbusters (including Avengers: Endgame, the highest-grossing film of all-time) and several other major hits. The 2020 box office is expected to be down $30 billion from 2019.
0 kommentar(er)
