Box Office Won't Return to 2019 Normal Until 2024, Say Analysts
71 0  2021-07-12 21:46:34
According to a new report, after months of movie theater closures due to Covid, the global box office will face a slow, asymmetrical recovery that will likely take years. The international entertainment business was one of the most hard-hit industries throughout the pandemic. Only 34% of media business CEOs felt confident in their companies' potential growth across the following year. With no choice but to close their doors, movie theaters weren't afforded the luxuries of streaming when mandatory Covid lockdowns were put in place. Streaming, on the other hand, maintained steady growth throughout the pandemic. 2020 was a peak year for services like Disney+, Apple TV, and HBO Max, with the streaming market experiencing a 37% growth.More...

Read Full Story at ScreenRant
Hey, don't leave without the comment!



Something about us
MovieNewsroom is a fancy RSS aggregator website which provides access to all meaningful information about Film Industry fetched by RSS channels only from the best Movie websites within the Internet such as ScreenRant, MovieWeb or CinemaBlend (and more). You can read small portion of articles that are propagated by RSS and decide if you want to read whole thing and if so, you will be redirected to the article source website. We present all news in desktop and mobile friendly way - very often we do it better and more transparently than websites from those news are gathered. Every 15 minutes our crawlers are working hard to deliver the very best Movie News on the web. If you like our site bookmark us (click CTRL+D) - you will be missing nothing from now on. Enjoy your stay!