ongoing COVID-19 pandemic — and at a time when many movie theaters weren’t open — North American box offices are anticipated to hit a shocking new low.Following five years of annual ticket sales in excess of $11 billion, they’re expected to reach just $2.3 billion this year, the Associated Press reported.
That’s not only down 80 percent from 2019, according to data firm Comscore, but also an almost 40-year low, the AP notes. Worldwide, where certain areas have seen more reopenings, box-office sales will hit between $11 billion and $12 billion, which is still a far cry from the 2019 mark of $42.5 billion.“It’s a year like no other,” Jim Orr, president of domestic theatrical distribution for Universal Pictures, told the AP. “We’ve never seen.
Read more on nypost.com