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“AMC Theatres Doubts They Can Stay in Business, 2020 US Box Office Revenue Likely to Drop Over 50%” The coronavirus pandemic is still taking a hefty toll on the movie industry. Not only has production on film and television been shut down since March, but movie theaters have been shut down too, not only delaying…
“Box office could see 50 percent drop in ticket sales this year” The coronavirus will slash box office revenues in half this year, and the pandemic is now poised to weaken the longtime status of movie theaters as destinations for first-run movies, according to an influential media analyst. Revenue from ticket sales will plunge to…
“#U.S. Box Office Expected to Plunge 50% in 2020 Due to Theater Closures” Things are not looking good for the movie business in 2020. That may seem like an understatement at this point, but new research suggests it is going to get worse before it gets better. With movie theaters closed since mid-March, it is…