Hollywood movie box office slumped to near 40-year low in 2020

Research firm ComScore said in an end-of-year report on Tuesday that the North American box office brought in $ 2.2 billion in 2020, while $ 11.4 billion for 2019.

According to historical data from Box Office Mojo, 2020 revenue recorded a nearly 40-year decline. The last time for North American box office receipts was a total of $ 918 million in 1981, a year when Superman II was the biggest film.

ComScore did not release worldwide data for 2020, but Variety said that global returns fell by some 71%.

The epidemic forced theaters to close around the world in mid-March, putting some small and large chains like AMC Entertainment on the verge of bankruptcy. Theaters are still to reopen in the largest US markets in Los Angeles and New York City.

As reported by ComScore, some 274 films – including blockbusters such as No Time to Die, Top Gun: Maverick and the ninth Fast and Furious action film – were taken on a 2021 release date.

This left Sony Pictures’ soldier Bad Boys for Life, released in January last year, becoming the top-grossing film in North America in 2020 with 206 million. In 2019, Avengers: Endgame ruled the domestic box office with $ 858 million.

The thriller Tent from Warner Bros., which was expected to make its way back to theaters in the summer, took just $ 58 million in the US and Canada.

ComScore senior media analyst Paul Dergarabedian said 2020 revenue – from a drive-in venue – was the basis for hopes that some industry observers feared the figure would be even smaller.

“That should be very encouraging to anyone who was worried that the film-movie would not return at all,” Dargerbadian said.

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