Movie Attendance Stalls/Film Companies Innovate with Digital Projection and Enhanced Cinema Experiences, Business and Industry Trends Analysis

Box office receipts are a vital part of total film industry revenues.  Additional revenue streams come from pay television, cable and broadcast TV, while the rest comes from video rentals, DVD sales and video-on-demand.  The Coronavirus pandemic of 2020 decimated the movie theater industry.  According to Box Office Mojo, gross U.S. box office receipts for 2020 were $2.0 billion, compared to 2019’s $11.32 billion and 2018’s $11.89 billion.  Part of the problem facing cinemas is movie studios’ decisions to delay the release of new films until 2021, and more significantly, studios releasing major films directly to streaming services such as…

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