Skip to comments.U.S. Box Office Expected to Plunge by 81 Percent in 2020
Posted on 10/11/2020 9:00:00 AM PDT by Hojczyk
The U.S. box office is expected to drop by 81 percent this year as the coronavirus continues to decimate domestic moviegoing, according to new analyst report from MoffettNathanson. The report recommends that cinema chains swallow their pride and team up with streaming services like Netflix as a lifeline to get more product on movie screens.
While cinemas in many areas have re-opened, key markets in Democrat-controlled states like New York and California remain closed, which has had a chilling effect on Hollywood studios who remain wary of putting their movies in theaters. The disappointing domestic release of Tenet has prompted studios to delay many of their tentpole releases to 2021.
Major cinema chains have often regarded streaming services as the enemy. But in July, Universal struck a deal with AMC Theaters that has the potential to upend the industry.
Under the agreement, new Universal movies will have just three weekends of exclusivity at AMC cinemas, as opposed to the traditional three months. The studio will then have the option of makes its movies available for digital streaming at home.
Meanwhile, cinemas continue to play the waiting game. Big-budget movies including No Time to Die, Dune, West Side Story, and Top Gun: Maverick have all seen their release dates pushed back to next year.
(Excerpt) Read more at breitbart.com ...
Lola! I thought is said Post Office.
Thousands of parents will save money on song and dance lessons.
ahh, maybe its because of the quality of movies coming out? or maybe what they pay the actors? or maybe the Average American just can’t fathom paying $15.00 to see a movie that will be on cable soon?
The same answer applies when we read about the low tv audiences for NBA, MLB, and NFL!
You might as well send a check directly to the DNC.
They’ll make more money than ever next year. Hollywood meets pro-China propaganda cinema.
IMO, most of what Hollyweird puts out these days is cr@p. Perhaps a little ‘humble pie’ will be good for them ... then again, you can’t shame the shameless.
“81 percent this year as the coronavirus continues to decimate”
I’m not sure the author knows what “decimate” means.
Thats a shame ..
Nah they’ll still put out left wing garbage.
And even movies that are good will have so much left wing garbage in them that they won’t be palatable.
I wonder what the top earning actors are thinking about all this.
Are movies still being made with the idea that they will come out in the latter part of 2021?
That’s a risk.
They can sell their crap in Chins.
The next step is to get Disney to go bankrupt, and CNN, MSNBC, CBS, etc.
Why bother? Future movies are all going to be the same....white = evil, male = evil, Christian = evil, conservative = evil.
Lets go for 100%
These stories all have a shelf life. It all changes Nov 4th. Just watch what happens.
The only relatively new movies I watched this year are Korean movies.
Yes, there has been an inflation in the meaning of “decimate” as used by the literati in recent years. They should use the word “obliterate” instead, to convey what they really intend to convey.
I was looking forward to the new James Bond movie next month. Then, they pushed the date back to April 2021 like all of the other movies. I was also eager to watch the new Wonder Woman until I found out the villain was modeled after Trump...so no thanks. BTW, if you don’t have decent movies, why would anyone go to the movies?
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