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2020
U.S. Box Office Fell 80 Percent in 2020 as Streaming Boomed
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hollywoodreporter.com
hollywoodreporter.comEvery year, the Motion Picture Association — the top lobbying org for Hollywood studios — compiles a detailed report analyzing the performance of the global box office.
It was a thankless task in 2020, a year that saw moviegoing devastated because of the novel coronavirus pandemic, which resulted in theater closures across the U.S.
and globe. On the other hand, digital viewing boomed. For the first time, subscribers of online services crossed one billion to top out at 1.1 billion, a 26 percent gain over 2019 (that included 306.8 billion subscriptions in the U.S., a 32 percent spike).
All told, the global mobile/home entertainment market generated revenue of $68.8 billion in 2020, a 23 percent jump over 2019 (that excludes cable subs)..
Read more on hollywoodreporter.com
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