Celebs in News
Warner Bros
Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
Related Rumors
thewrap.com
China
Entertainment
pandemic
reports
China
Pandemic Pushes Global Streaming Subscriptions Past 1 Billion, MPA Reports
Reading now: 658
thewrap.com
thewrap.comcollapsed 73% year-over-year to $12 billion, with the U.S. box office only totaling $2.2 billion. While the box office in some major markets like China — which grossed $3 billion last year — has found a way to rapidly recover, it is expected that it will take at least the duration of 2021 for the domestic box office to return to normal levels, provided that another COVID-19 outbreak does not cause widespread closures again.The box office crash led to a dip in overall revenue for the entertainment industry, but the surge in streaming and other home platforms mitigated the damage.
The MPA reports that combined revenue from theatrical, home and mobile entertainment markets for 2020 dropped 18% to $80.8 billion.
Read more on thewrap.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Report this news
Related News
Celebrities
Locations