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Tuesday, May 7, 2024

Hollywood box office revenues slumped in US in historic 40-year low

Hollywood box office revenues slumped in US in historic 40-year low

An ad for No Time To Die at Piccadilly Circus in London. Photo: REUTERS

Hollywood movies suffered an unprecedented 80% slump in box office revenue in North America in 2020 as the coronavirus pandemic closed movie theatres and studios held back the release of scores of new films.

Research firm Comscore said in an end-of-year report on Tuesday that the North American box office brought in US$2.2 billion (66 billion baht) in 2020, compared with $11.4 billion for 2019.

The 2020 revenue marked an almost…

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