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 decimated the movie theater industry.  According to Gower Street Analytics, global box office receipts reached $21.4 billion in 2021, up 78% from a dismal, COVID-dominated 2020.  The Asia Pacific region accounted for $11.3 billion in 2021 (with China accounting for $7.4 billion), while North America racked up $4.5 billion. Part of the problem facing cinemas is a shortage of new movie releases and…

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